NewsEarningsKaira Can Company Reports 28% Profit Surge in Q1, Driven by Strong Tin Container SegmentKaira Can Company Reports 28% Profit Surge in Q1, Driven by Strong Tin Container Segment
Kaira Can Company Limited, a manufacturer of tin containers and ice-cream cones, reported strong Q1 financial results. Net profit increased by 28% year-on-year to Rs 103.36 lakhs, while total income grew 16.3% to Rs 7,311.95 lakhs. The Tin Containers segment remained the primary revenue driver, contributing Rs 6,966.39 lakhs with a profit of Rs 209.91 lakhs. However, the Ice-Cream Cones segment reported a loss of Rs 26.33 lakhs on revenue of Rs 331.64 lakhs. The company's EPS for the quarter was Rs 1.21. Statutory auditors conducted a limited review and expressed an unmodified opinion on the financial results.
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Kaira Can Company Limited , a leading manufacturer of tin containers and ice-cream cones, has reported a robust financial performance for the first quarter. The company's net profit surged by 28% year-on-year, showcasing strong growth in its core business segments.
Financial Highlights
- Net profit for Q1 stood at Rs 103.36 lakhs, up from Rs 80.72 lakhs in the same quarter last year.
- Total income increased to Rs 7,311.95 lakhs from Rs 6,286.93 lakhs, marking a 16.3% growth.
- Earnings per share (EPS) for the quarter was Rs 1.21.
Segment Performance
The company operates in two main segments:
Tin Containers: This segment continued to be the primary revenue driver, contributing Rs 6,966.39 lakhs to the total revenue. It reported a strong profit of Rs 209.91 lakhs.
Ice-Cream Cones/Waffles & Wafers: This segment generated revenue of Rs 331.64 lakhs but reported a loss of Rs 26.33 lakhs.
Key Financial Metrics
| Particulars (Rs. in Lakhs) | Q1 | Q1 Previous Year | YoY Change |
|---|---|---|---|
| Total Income | 7,311.95 | 6,286.93 | 16.30% |
| Total Expenses | 7,148.16 | 6,144.22 | 16.30% |
| Profit Before Tax | 163.79 | 142.71 | 14.80% |
| Net Profit | 103.36 | 80.72 | 28.00% |
Management Commentary
The Board of Directors approved the unaudited financial results for Q1. The company's performance reflects its resilience and strong market position in the packaging industry.
Auditor's Review
G D Apte & Co, the statutory auditors, conducted a limited review of the financial results for the quarter. They expressed an unmodified opinion in their audit report, confirming the accuracy and compliance of the financial statements with relevant accounting standards and regulations.
Outlook
While the Tin Containers segment shows promising growth, the company may need to address the challenges in its Ice-Cream Cones segment to improve overall profitability. The strong performance in Q1 sets a positive tone, but investors should monitor how Kaira Can Company Limited manages its expenses, which have grown in line with revenue.
The company continues to demonstrate its ability to grow in a competitive market, with its core business segment showing resilience and strength. As Kaira Can moves forward, its strategies to optimize performance across all segments will be crucial for sustained growth and profitability.
Historical Stock Returns for Kaira Can
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +1.51% | -4.23% | +6.01% | -12.76% | +31.05% |
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