KMF Builders and Developers Reports Rs 31.98 Lakh Loss in Q1
KMF Builders & Developers Limited reported a net loss of Rs 31.98 lakhs for the first quarter, a significant downturn from the previous quarter's profit of Rs 141.39 lakhs. The company's revenue from operations dropped to zero, compared to Rs 279.50 lakhs in the previous quarter. Total expenses were Rs 34.90 lakhs, while other income decreased to Rs 2.91 lakhs. The Earnings Per Share (EPS) for the quarter was -0.26.
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KMF Builders & Developers Limited, a real estate company, has reported a net loss of Rs 31.98 lakhs for the first quarter. This marks a significant downturn from the previous quarter's profit of Rs 141.39 lakhs.
Financial Highlights
- Revenue: The company reported zero revenue from operations for the quarter, compared to Rs 279.50 lakhs in the previous quarter.
- Other Income: Other income stood at Rs 2.91 lakhs, down from Rs 26.71 lakhs in the preceding quarter.
- Total Expenses: KMF Builders incurred total expenses of Rs 34.90 lakhs, primarily consisting of:
- Employee benefit expenses: Rs 12.07 lakhs
- Other expenses: Rs 14.57 lakhs
- Cost of materials consumed: Rs 5.71 lakhs
- Earnings Per Share (EPS): The company's EPS for the quarter was -0.26.
Comparative Analysis
The following table provides a quarter-on-quarter comparison of key financial metrics:
| Particulars (in Rs Lakhs) | Q1 (Current) | Q4 (Previous) |
|---|---|---|
| Revenue from Operations | 0.00 | 279.50 |
| Other Income | 2.91 | 26.71 |
| Total Income | 2.91 | 306.21 |
| Total Expenses | 34.90 | 165.24 |
| Net Profit/(Loss) | (31.98) | 141.39 |
| EPS (in Rs) | (0.26) | 1.16 |
Additional Information
- The company's board of directors approved these unaudited financial results at a meeting held on August 14.
- The paid-up equity share capital remains unchanged at Rs 609.10 lakhs, with a face value of Rs 5 per share.
The significant drop in revenue and the shift from profit to loss indicate challenging market conditions for KMF Builders and Developers in the first quarter. The company will need to address these challenges in the coming quarters to improve its financial performance.
Historical Stock Returns for KMF Builders & Developers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.93% | -5.06% | -27.34% | -37.50% | -29.02% | +118.45% |
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