KEI INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 42.4%

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KEI INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 42.4%
Wed, 7 Aug

KEI INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8,83912,58810,814-14.1%22.3%
Other incomeRs m11375240.9%357.8%
TurnoverRs m8,85012,62510,866-13.9%22.8%
ExpensesRs m7,97811,2129,674-13.7%21.3%
Gross profitRs m8611,3761,139-17.2%32.3%
DepreciationRs m848615275.6%81.6%
InterestRs m287423330-22.1%15.0%
Profit before taxRs m503903710-21.4%41.3%
TaxRs m181304252-17.1%39.3%
Profit after taxRs m322599458-23.6%42.4%
Gross profit margin%9.710.910.5
Effective tax rate%36.033.635.5
Net profit margin%3.64.74.2
* 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 22.3% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit increased by 32.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.5% in 1QFY20 as against 9.7% in 1QFY19.
  • Depreciation charges increased by 81.6% and finance costs increased by 15.0% YoY, respectively.
  • Other income increased by 357.8% YoY during the quarter.
  • Net profit for the quarter increased by 42.4% YoY. Net profit margins during the quarter increased from 3.6% in 1QFY19 to 4.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.7% QoQ during the same period.
  • The company's operating profit declined by 17.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.5% in 1QFY20 as against 10.9% in 4QFY19.
  • Net profit for the quarter declined by 23.6% QoQ, while net profit margins declined from 4.7% in 4QFY19 to 4.2% in 1QFY20.

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 442.1 to Rs 456.4, registering a Gain of Rs 14.3 or around 3.2%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,922.9 (up 0.9%). Over the last one year it has moved down from 1,993.8 to 1,922.9, a gain of 71 points (down 3.6%).

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 456.4, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 18.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.8 times.

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KEI INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 20.9% (Quarterly Result Update)

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