Khandwala Securities Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth in the latest quarter reflects strong demand recovery post-pandemic.
Profit margin improvement indicates better cost management strategies being implemented.
Net profit is expected to rebound significantly in the coming quarters, suggesting positive operational efficiencies.

NEGATIVES

Recent quarterly profits have shown volatility, leading to investor uncertainty.
Operating profit margins have dipped significantly compared to previous quarters.
The latest quarter's expenses increased, raising concerns about rising operational costs.

Field	Mar 23	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	1.36	1.93	1.60	2.16	2.83	2.52	3.14	2.70	1.18	1.14
Expenses	1.72	1.73	1.37	1.80	3.05	1.96	7.64	2.43	2.42	1.77
Operating Profit	-0.35	0.20	0.23	0.36	-0.23	0.56	-4.50	0.27	-1.23	-0.63
Other Income	-1.15	0.06	0.04	0.04	0.05	0.06	4.81	0.35	0.37	0.15
Interest	0.07	0.06	0.10	0.06	0.05	0.05	0.02	0.01	0.03	0.04
Depreciation	0.04	0.05	0.07	0.08	0.12	0.10	0.07	0.07	0.11	0.07
Profit Before Tax	-1.62	0.14	0.11	0.26	-0.35	0.47	0.23	0.53	-1	-0.59
Tax	0.10	0	0	-0.01	-0	-0.01	-0.01	-0.01	1.05	-0
Net Profit	-1.72	0.14	0.11	0.27	-0.34	0.48	0.24	0.54	-2.05	-0.59
Eps in Rs	-1.13	0.09	0.07	0.18	-0.22	0.31	0.15	0.35	-1.35	-0.38