Kshitij Polyline Q1 Results Show Revenue Drops to ₹11.56 Crores and Net Income Declines to ₹0.50 Crores

Kshitij Polyline Q1 Results Growth Comparison 

Kshitij Polyline Q1 Results: Kshitij Polyline's financial results for the first quarter ending June 24 show significant changes compared to both the previous quarter (March 23) and the same quarter last year (June 23).

Total revenue decreased by 23.17% quarter-on-quarter (QoQ) from ₹9.61 crores to ₹11.56 crores and dropped by 18.76% year-over-year (YoY) from ₹14.22 crores, indicating a substantial decline in sales.

Selling, general, and administrative expenses fell by 4.01% QoQ to ₹1.09 crores and showed a notable decrease of 22.83% YoY from ₹1.42 crores, suggesting improved cost management.

Depreciation and amortization expenses decreased sharply by 49.87% QoQ to ₹0.22 crores and also fell by 7.80% YoY from ₹0.23 crores, reflecting lower depreciation costs. Other operating expenses were down 43.86% QoQ from ₹1.42 crores to ₹0.72 crores but increased by 21.32% YoY from ₹0.59 crores, highlighting higher costs compared to the previous year.

Total operating expenses rose by 41.02% QoQ to ₹10.88 crores but saw a 25.55% YoY decrease from ₹14.62 crores, indicating improved operational efficiency. Operating income slightly improved by 0.00% QoQ to ₹0.67 crores and recovered from a loss of ₹0.39 crores last year.

Net income before taxes dropped by 73.68% QoQ to ₹0.58 crores and shifted from a loss of ₹0.68 crores YoY. Net income decreased by 67.15% QoQ to ₹0.50 crores and turned from a loss of ₹0.70 crores YoY.

Finally, diluted normalized EPS fell dramatically by 91.22% QoQ to ₹0.09 and shifted from a loss of ₹0.14 YoY. Overall, the company experienced revenue and profit declines, with some improvements in expense management compared to the previous year.

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Kshitij Polyline Q1 Results

The table highlights Kshitij Polyline financial performance for the quarter ending June 30, 2024, comparing it with the previous quarter (March 31, 2024) and the same period last year (June 30, 2023). Revenue from operations in June 2024 was ₹1,155.53 lakhs, reflecting a quarter-on-quarter (QoQ) drop from ₹1,504.09 lakhs in March 2024 and a year-over-year (YoY) decline from ₹1,422.23 lakhs in June 2023. Total income, including other income, stood at ₹1,167.26 lakhs, down from ₹2,067.12 lakhs in the previous quarter.

Expenses showed notable improvements. The cost of materials consumed decreased YoY, dropping from ₹1,215.94 lakhs in June 2023 to ₹443.66 lakhs in June 2024. Employee benefits expenses recovered, reducing by ₹47.47 lakhs this quarter compared to March 2024. Total expenses for June 2024 were ₹1,109.32 lakhs, lower than the previous quarter's ₹1,294.13 lakhs, reflecting better cost management.

The company's profit before tax in June 2024 was ₹57.95 lakhs, lower than ₹220.15 lakhs in March 2024 but better than the loss of ₹67.69 lakhs in June 2023, showing a YoY recovery. Net profit for June 2024 was ₹49.87 lakhs, down from ₹151.81 lakhs in the previous quarter but a significant improvement over the YoY loss of ₹69.66 lakhs in June 2023. Despite the QoQ decline, the company has shown positive YoY performance through improved expense control and profitability.

Here are the Q1 results for Kshitij Polyline:

(Rs. in lacs)

Kshitij Polyline Stock Performance 

Kshitij Polyline has a market cap of ₹51.9 crores and the current stock price is ₹5.69. The stock has reached a high of ₹8.91 and a low of ₹4.12. Its Price-to-Earnings (P/E) ratio is 24.2, indicating how much investors are willing to pay for each rupee of earnings. The book value of the stock is ₹2.22 per share. There is no dividend yield, meaning the company does not pay dividends. The Return on Capital Employed (ROCE) is 8.64%, and the Return on Equity (ROE) is 8.22%. The face value of the stock is ₹2.00.

Here’s the financial data formatted into a tabular column:

Quarterly Results 

In the table, we see Kshitij Polyline's financial results from March 2023 to June 2024. Sales started at ₹9.61 crores and peaked at ₹16.10 crores before falling to ₹11.56 crores. Expenses increased from ₹8.71 crores to ₹16.85 crores but then decreased to ₹10.67 crores.

Operating profit went from ₹0.90 crores to a loss of ₹2.74 crores before rising to ₹0.89 crores. The operating profit margin (OPM) was positive in March 2023 but turned negative in June 2023 and December 2023, before improving to 7.70% in June 2024. Net profit and EPS followed a similar trend with fluctuations across the quarters.

Here’s a summary of the quarterly financial results presented in Rs.Crores:

Kshitij Polyline 

Kshitij Polyline is a company based in Silvassa, Dadra and Nagar Haveli, India, established in 1998. They manufacture and export a variety of products, including smart ID card products, binding materials, and stationery items. The company is known for its high-quality products and has a strong presence in international markets, exporting to countries like Nepal, the UAE, Qatar, and Sri Lanka.

Kshitij Polyline has a large team of employees and uses advanced machinery to ensure the quality of their products. They offer customized solutions based on client needs and maintain high standards through quality testing. The company follows ethical business practices, ensuring transparent transactions and timely delivery. Their wide range of products and dedication to client satisfaction have helped them build a solid reputation in the industry.