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

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KEI INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 10.1%
Fri, 29 Jan

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

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m13,14210,36911,52911.2%-12.3%
Other incomeRs m46365347.6%16.0%
TurnoverRs m13,18810,40611,58311.3%-12.2%
ExpensesRs m11,7499,18610,24711.6%-12.8%
Gross profitRs m1,3931,1841,2828.4%-7.9%
DepreciationRs m1411421452.4%2.9%
InterestRs m330150130-12.7%-60.4%
Profit before taxRs m9689281,06014.2%9.5%
TaxRs m2452462647.3%7.7%
Profit after taxRs m72368279616.7%10.1%
Gross profit margin%10.611.411.1
Effective tax rate%25.326.524.9
Net profit margin%5.56.66.9
* 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 12.3% on a year-on-year (YoY) basis. The expenses were down by 12.8% YoY during the same period.
  • The company's operating profit declined by 7.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 11.1% in 3QFY21.
  • Depreciation charges increased by 2.9% and finance costs declined by 60.4% YoY, respectively.
  • Other income increased by 16.0% YoY during the quarter.
  • Net profit for the quarter increased by 10.1% YoY. Net profit margins during the quarter increased from 5.5% in 3QFY20 to 6.9% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.6% QoQ during the same period.
  • The company's operating profit increased by 8.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 3QFY21 as against 11.4% in 2QFY20.
  • Net profit for the quarter increased by 16.7% QoQ, while net profit margins increased from 6.6% in 2QFY20 to 6.9% in 3QFY21.

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 down from Rs 562.4 to Rs 475.2, registering a Loss of Rs 87.3 or around 15.5%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 2,033.5 (down 0.0%). Over the last one year it has moved up from 1,939.5 to 2,033.5, a gain of 94 points (up 4.8%).

Overall, the S&P BSE SENSEX is up 14.1% over the year.

Current Valuations

At the current price of Rs 475.2, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 15.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.1 times.

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Related Views on News

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.

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.

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