Kewal Kiran Clothing Reports Negative Financial Performance in Q1 FY25

Kewal Kiran Clothing, a smallcap textile company, recently announced its financial results for the quarter ending June 2024. According to MarketsMOJO, the stock call for Kewal Kiran Clothing is ‘Sell’.

The company has seen a negative financial performance in the quarter, with a score of -8 compared to 11 in the previous quarter. However, there are some positive aspects to the company’s financials. The inventory turnover ratio for the half-yearly period is at its highest in the last five periods, indicating that the company has been able to sell its inventory faster. Additionally, the company’s cash and cash equivalents have also increased in the last six half-yearly periods, showing an improvement in short-term liquidity.

On the other hand, there are some areas where Kewal Kiran Clothing’s financials have not performed well. The profit before tax less other income (PBT) for the quarter has fallen by 20.46% compared to the same period last year, and the profit after tax (PAT) has also decreased by 25.2%. The net sales for the quarter have also declined by 15.22% compared to the previous year. The operating profit and margin have also decreased, indicating a decline in efficiency. The earnings per share (EPS) for the quarter are at its lowest in the last five quarters, showing a decline in profitability.

Overall, Kewal Kiran Clothing’s financial performance for the quarter ending June 2024 has been negative. Investors should take note of the company’s declining profitability and make informed decisions based on their own research and analysis.