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

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KEI INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 45.2%
Tue, 6 Nov

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

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,5388,8399,96812.8%32.2%
Other incomeRs m1011128.4%19.5%
TurnoverRs m7,5488,8509,98012.8%32.2%
ExpensesRs m6,7767,9788,96012.3%32.2%
Gross profitRs m7638611,00817.1%32.2%
DepreciationRs m8184841.1%4.7%
InterestRs m2742873056.4%11.3%
Profit before taxRs m41850363125.6%50.9%
TaxRs m13318121820.3%63.2%
Profit after taxRs m28532241428.6%45.2%
Gross profit margin%10.19.710.1
Effective tax rate%31.936.034.5
Net profit margin%3.83.64.1
* 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 32.2% on a year-on-year (YoY) basis. The expenses were up by 32.2% YoY during the same period.
  • The company's operating profit increased by 32.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.1% in 2QFY19.
  • Depreciation charges increased by 4.7% and finance costs increased by 11.3% YoY, respectively.
  • Other income increased by 19.5% YoY during the quarter.
  • Net profit for the quarter increased by 45.2% YoY. Net profit margins during the quarter increased from 3.8% in 2QFY18 to 4.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.3% QoQ during the same period.
  • The company's operating profit increased by 17.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 2QFY19 as against 9.7% in 1QFY18.
  • Net profit for the quarter increased by 28.6% QoQ, while net profit margins increased from 3.6% in 1QFY18 to 4.1% in 2QFY19.

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 336.5 to Rs 376.1, registering a Gain of Rs 39.6 or around 11.8%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,962.7 (up 0.3%). Over the last one year it has moved down from 2,333.3 to 1,962.7, a gain of 371 points (down 15.9%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 376.1, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 17.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.6 times.

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