Ksb Q3 Results 2024 on 14 Nov, 2024: profit rise by 23.15% YOY, profit at ₹61.7 crore and revenue at ₹616.5 crore
Ksb Q3 Results 2024 on 14 Nov, 2024: Revenue increased by 9.37% YoY & profit increased by 23.15% YoY, profit at ₹61.7 crore and revenue at ₹616.5 crore
Ksb Q3 Results 2024:Ksb declared its Q3 results for 2024 on 13 Nov, 2024, reporting a topline increase of 9.37% year-over-year. The company's profit surged by 23.15% year-on-year, amounting to ₹61.7 crore, while revenue reached ₹616.5 crore.
However, when compared to the previous quarter, Ksb experienced a revenue decline of 4.57% and a profit decrease of 9.4%. This indicates that despite year-over-year growth, the company faced challenges in maintaining momentum on a quarterly basis.
The Selling, General & Administrative expenses rose by 5.43% quarter-over-quarter, reflecting a significant increase of 17.06% year-over-year. This rise in expenses could affect the company's future profitability if not managed effectively.
The operating income saw a downturn of 4.4% quarter-on-quarter, although it increased by an impressive 27.41% year-on-year. This shows that Ksb's operational performance remains strong in the long term despite recent quarterly fluctuations.
Earnings per share (EPS) for Q3 was reported at ₹3.55, which represents a sharp decline of 75.3% year-on-year, raising concerns among investors about profitability sustainability.
In terms of market performance, Ksb has delivered a return of -2.54% over the last week and -17.27% over the last six months, contrasting with a positive year-to-date return of 15.24%. The current market capitalization stands at ₹13906.6 crore with a 52-week high of ₹1060 and a low of ₹614.09.
As of 14 Nov, 2024, Ksb has received a Strong Buy rating from all analysts covering the company, reflecting a consensus recommendation for investors to consider purchasing shares.
Overall, while Ksb's Q3 results indicate positive growth on a yearly basis, the quarterly declines and rising expenses warrant close monitoring in the upcoming periods.
Ksb Financials
| Period | Q3 | Q2 | Q-o-Q Growth | Q3 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 616.5 | 646 | -4.57% | 563.7 | +9.37% |
| Selling/ General/ Admin Expenses Total | 79.6 | 75.5 | +5.43% | 68 | +17.06% |
| Depreciation/ Amortization | 13.7 | 13.3 | +3.01% | 12.3 | +11.38% |
| Total Operating Expense | 542.6 | 568.7 | -4.59% | 505.7 | +7.3% |
| Operating Income | 73.9 | 77.3 | -4.4% | 58 | +27.41% |
| Net Income Before Taxes | 83.1 | 89.9 | -7.56% | 67.2 | +23.66% |
| Net Income | 61.7 | 68.1 | -9.4% | 50.1 | +23.15% |
| Diluted Normalized EPS | 3.55 | 3.91 | -9.27% | 14.37 | -75.3% |
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