KEI INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 49.4%

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KEI INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 49.4%
Wed, 22 Jan

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

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m10,87512,30213,1426.8%20.8%
Other incomeRs m1143467.3%304.4%
TurnoverRs m10,88612,34513,1886.8%21.1%
ExpensesRs m9,69811,08011,7496.0%21.2%
Gross profitRs m1,1771,2221,39314.0%18.4%
DepreciationRs m851371413.2%65.9%
InterestRs m347355330-7.2%-5.0%
Profit before taxRs m75677396825.2%28.0%
TaxRs m272112452107.7%-9.9%
Profit after taxRs m484762723-5.1%49.4%
Gross profit margin%10.89.910.6
Effective tax rate%36.01.425.3
Net profit margin%4.46.25.5
* 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 20.8% on a year-on-year (YoY) basis. The expenses were up by 21.2% YoY during the same period.
  • The company's operating profit increased by 18.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.6% in 3QFY20.
  • Depreciation charges increased by 65.9% and finance costs declined by 5.0% YoY, respectively.
  • Other income increased by 304.4% YoY during the quarter.
  • Net profit for the quarter increased by 49.4% YoY. Net profit margins during the quarter increased from 4.4% in 3QFY19 to 5.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.0% QoQ during the same period.
  • The company's operating profit increased by 14.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.6% in 3QFY20 as against 9.9% in 2QFY19.
  • Net profit for the quarter declined by 5.1% QoQ, while net profit margins declined from 6.2% in 2QFY19 to 5.5% in 3QFY20.

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

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KEI INDUSTRIES Share Price Performance

Over the last one year,KEI INDUSTRIES share price has moved up from Rs 361.2 to Rs 538.8, registering a Gain of Rs 177.6 or around 49.2%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,951.1 (down 1.5%). Over the last one year it has moved up from 1,935.8 to 1,951.1, a gain of 15 points (up 0.8%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 538.8, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 16.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.9 times.

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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 (1QFY21); Net Profit Down 20.9% (Quarterly Result Update)

Aug 18, 2020 | Updated on Aug 18, 2020

For the quarter ended June 2020, KEI INDUSTRIES has posted a net profit of Rs 362 m (down 20.9% YoY). Sales on the other hand came in at Rs 7 bn (down 31.1% YoY). Read on for a complete analysis of KEI INDUSTRIES's quarterly results.

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