Kajaria Ceramics' Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Kajaria Ceramics for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | (Y-o-Y) % change | Q1FY24 | (Q-o-Q) % change | Q2FY24 |
| Total Income (₹crs.) | 1085 | 4.06 | 1073 | 5.22 | 1129 |
| Expenses (₹crs.) | 985 | -0.3 | 930 | 5.59 | 982 |
| Net Profit (₹crs.) | 68 | 61.76 | 109 | 0.92 | 110 |
| Margin (%) | 6.27 | 3.48 | 10.16 | -0.42 | 9.74 |
REVENUE:
The company reported a total income of ₹1,129 crores for Q2FY24, with a 5.22% increase compared to the preceding quarter and modest increase of 4.06% in comparison to Q2 of last year.
EXPENSES:
They also recorded expenses amounting to ₹982 crores in Q2FY24, with a -0.3% decrease compared to the corresponding quarter of the previous fiscal year. Furthermore, expenses increased 5.59% when compared to the previous quarter.
NET PROFIT:
The net profit of the Company for Q2FY24 was ₹110 crores, reflecting a 0.92% increase compared to the preceding quarter.
MARGINS:
Kajaria Ceramics' margin in Q2FY24 was 9.74%. This figure showed a slight decrease of -0.42% compared to the previous quarter. Year-on-year, the margin exhibited significant growth, with a notable change Q2FY23.
In conclusion, Kajaria Ceramics' financial performance in Q2FY24 reflects a period of growth in revenue and margins. These trends signal robust demand, further analysis will be vital to understand the sustainability of these trends.
Stay tuned for more detailed updates on Kajaria Ceramics' financial performance in the coming quarters.