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

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KEI INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 24.0%
Wed, 13 Feb

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

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,8879,96810,8759.1%22.4%
Other incomeRs m731211-7.4%-84.4%
TurnoverRs m8,9609,98010,8869.1%21.5%
ExpensesRs m8,0448,9609,6988.2%20.6%
Gross profitRs m8431,0081,17716.7%39.6%
DepreciationRs m8284850.8%3.7%
InterestRs m25130534713.9%38.0%
Profit before taxRs m58363175619.7%29.7%
TaxRs m19221827225.0%41.4%
Profit after taxRs m39041448417.0%24.0%
Gross profit margin%9.510.110.8
Effective tax rate%33.034.536.0
Net profit margin%4.44.14.4
* 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 22.4% on a year-on-year (YoY) basis. The expenses were up by 20.6% YoY during the same period.
  • The company's operating profit increased by 39.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.8% in 3QFY19 as against 9.5% in 3QFY18.
  • Depreciation charges increased by 3.7% and finance costs increased by 38.0% YoY, respectively.
  • Other income declined by 84.4% YoY during the quarter.
  • Net profit for the quarter increased by 24.0% YoY. Net profit margins during the quarter increased from 4.4% in 3QFY18 to 4.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.2% QoQ during the same period.
  • The company's operating profit increased by 16.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.8% in 3QFY19 as against 10.1% in 2QFY18.
  • Net profit for the quarter increased by 17.0% QoQ, while net profit margins increased from 4.1% in 2QFY18 to 4.4% in 3QFY19.

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 388.9 to Rs 341.2, registering a Loss of Rs 47.7 or around 12.3%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,770.7 (down 0.0%). Over the last one year it has moved down from 2,273.7 to 1,770.7, a gain of 503 points (down 22.1%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 341.2, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 15.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.7 times.

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Related Views on News

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.

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

Aug 13, 2018 | Updated on Aug 13, 2018

For the quarter ended June 2018, KEI INDUSTRIES has posted a net profit of Rs 322 m (up 17.1% YoY). Sales on the other hand came in at Rs 9 bn (up 7.3% YoY). Read on for a complete analysis of KEI INDUSTRIES's quarterly results.

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