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KEI INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 17.1%

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KEI INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 17.1%
Mon, 13 Aug

KEI INDUSTRIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8,23510,3048,839-14.2%7.3%
Other incomeRs m16-611-27.2%
TurnoverRs m8,25110,2988,850-14.1%7.3%
ExpensesRs m7,4679,2947,978-14.2%6.8%
Gross profitRs m7681,010861-14.7%12.2%
DepreciationRs m8080844.7%4.6%
InterestRs m299288287-0.6%-4.3%
Profit before taxRs m404636503-21.0%24.3%
TaxRs m13014118128.5%39.6%
Profit after taxRs m275496322-35.1%17.1%
Gross profit margin%9.39.89.7
Effective tax rate%32.022.136.0
Net profit margin%3.34.83.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 7.3% on a year-on-year (YoY) basis. The expenses were up by 6.8% YoY during the same period.
  • The company's operating profit increased by 12.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 1QFY19 as against 9.3% in 1QFY18.
  • Depreciation charges and finance costs increased by 4.6% YoY and 4.3% YoY, respectively.
  • Other income declined by 27.2% YoY during the quarter.
  • Net profit for the quarter increased by 17.1% YoY. Net profit margins during the quarter increased from 3.3% in 1QFY18 to 3.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.2% QoQ during the same period.
  • The company's operating profit declined by 14.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.7% in 1QFY19 as against 9.8% in 4QFY18.
  • Net profit for the quarter declined by 35.1% QoQ, while net profit margins declined from 4.8% in 4QFY18 to 3.6% in 1QFY19.

To see how KEI INDUSTRIES has performed over the last eight quarters, please visit here.

KEI INDUSTRIES Share Price Performance

Over the last one year, KEI INDUSTRIES share price has moved up from Rs 209.7 to Rs 390.4, registering a Gain of Rs 180.7 or around 86.2%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,971.8 (down 0.8%). Over the last one year it has moved down from 2,210.8 to 1,971.8, a gain of 239 points (down 10.8%).

Overall, the S&P BSE SENSEX is up 19.4% over the year.

Current Valuations

At the current price of Rs 390.4, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 20.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.0 times.

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KEI INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 24.0% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, KEI INDUSTRIES has posted a net profit of Rs 484 m (up 24.0% YoY). Sales on the other hand came in at Rs 11 bn (up 22.4% YoY). Read on for a complete analysis of KEI INDUSTRIES's quarterly results.

KEI INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 45.2% (Quarterly Result Update)

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, KEI INDUSTRIES has posted a net profit of Rs 414 m (up 45.2% YoY). Sales on the other hand came in at Rs 10 bn (up 32.2% YoY). Read on for a complete analysis of KEI INDUSTRIES's quarterly results.

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