Kirloskar Ferrous Industries' Q4 2024 Results Show Mixed Performance, Investors Advised to Hold

Kirloskar Ferrous Industries, a midcap company in the iron and steel industry, recently declared its financial results for the quarter ending March 2024. According to MarketsMOJO, a leading stock analysis platform, the stock call for Kirloskar Ferrous is 'Hold'.

The company has seen a negative financial performance in the quarter, with a score of -18 compared to -9 in the previous quarter. However, there are some positive aspects to the financials. The net sales for the quarter were the highest in the last five quarters at Rs 994.36 crore, and the near-term sales trend is positive.

On the other hand, there are some areas of concern for Kirloskar Ferrous based on the March 2024 financials. The operating profit to interest ratio has been consistently falling in the last five quarters, indicating a deteriorating ability to manage interest payments. The profit before tax less other income has also fallen by 58.1% compared to the average of the previous four quarters, and the near-term trend is very negative. Similarly, the profit after tax has also seen a decline of 44.2% compared to the average of the previous four quarters.

The operating profit and operating profit margin for the quarter were the lowest in the last five quarters, indicating a negative trend in the company's efficiency. The earnings per share for the quarter were also the lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders. However, the non-operating income for the quarter was the highest in the last five quarters, but it may not be sustainable as it comes from non-business activities.

Overall, the financial results for the quarter ending March 2024 for Kirloskar Ferrous Industries show a mix of positive and negative aspects. Investors are advised to hold their position and monitor the company's performance closely.