KEI INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 20.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

KEI INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 20.9%
Tue, 18 Aug

KEI INDUSTRIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m10,81412,5857,453-40.8%-31.1%
Other incomeRs m522486262.3%65.6%
TurnoverRs m10,86612,6097,539-40.2%-30.6%
ExpensesRs m9,67411,3796,730-40.9%-30.4%
Gross profitRs m1,1391,206723-40.1%-36.6%
DepreciationRs m1521371466.2%-3.8%
InterestRs m330277168-39.3%-49.1%
Profit before taxRs m710816495-39.3%-30.3%
TaxRs m252207133-36.0%-47.3%
Profit after taxRs m458608362-40.5%-20.9%
Gross profit margin%10.59.69.7
Effective tax rate%35.525.426.8
Net profit margin%4.24.84.8
* 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 fell 31.1% on a year-on-year (YoY) basis. The expenses were down by 30.4% YoY during the same period.
  • The company's operating profit declined by 36.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.7% in 1QFY21 as against 10.5% in 1QFY20.
  • Depreciation charges declined by 3.8% and finance costs declined by 49.1% YoY, respectively.
  • Other income increased by 65.6% YoY during the quarter.
  • Net profit for the quarter declined by 20.9% YoY. Net profit margins during the quarter increased from 4.2% in 1QFY20 to 4.8% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 40.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 40.9% QoQ during the same period.
  • The company's operating profit declined by 40.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 1QFY21 as against 9.6% in 4QFY20.
  • Net profit for the quarter declined by 40.5% QoQ, while net profit margins declined from 4.8% in 4QFY20 to 4.8% in 1QFY21.

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

Going Live Today at 6PM: Know what opportunities India's growth story can create for you and more

KEI INDUSTRIES Share Price Performance

Over the last one year,KEI INDUSTRIES share price has moved down from Rs 468.2 to Rs 394.3, registering a Loss of Rs 73.9 or around 15.8%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,624.4 (down 0.0%). Over the last one year it has moved down from 1,906.1 to 1,624.4, a gain of 282 points (down 14.8%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 394.3, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 12.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

Equitymaster requests your view! Post a comment on "KEI INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 20.9%". Click here!

  

Related Views on News

KEI INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 10.1% (Quarterly Result Update)

Jan 29, 2021 | Updated on Jan 29, 2021

For the quarter ended December 2020, KEI INDUSTRIES has posted a net profit of Rs 796 m (up 10.1% YoY). Sales on the other hand came in at Rs 12 bn (down 12.3% YoY). Read on for a complete analysis of KEI INDUSTRIES's quarterly results.

KEI INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Up 1.5% (Quarterly Result Update)

Jun 1, 2020 | Updated on Jun 1, 2020

For the quarter ended March 2020, KEI INDUSTRIES has posted a net profit of Rs 608 m (up 1.5% YoY). Sales on the other hand came in at Rs 13 bn (down 0.0% YoY). Read on for a complete analysis of KEI INDUSTRIES's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

Top 3 Nifty ETFs to Buy Now(Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story(Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

KEI INDUSTRIES SHARE PRICE


Apr 23, 2021 01:39 PM

TRACK KEI INDUSTRIES

  • Track your investment in KEI INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON KEI INDUSTRIES

KEI INDUSTRIES 5-YR ANALYSIS

COMPARE KEI INDUSTRIES WITH

MARKET STATS