KEI INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 20.9%

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KEI INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 20.9%
Fri, 24 May

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

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,30410,87512,58815.8%22.2%
Other incomeRs m-61137223.7%
TurnoverRs m10,29810,88612,62516.0%22.6%
ExpensesRs m9,2949,69811,21215.6%20.6%
Gross profitRs m1,0101,1771,37616.9%36.1%
DepreciationRs m8085861.4%8.3%
InterestRs m28834742321.8%46.7%
Profit before taxRs m63675690319.5%41.9%
TaxRs m14127230411.7%115.9%
Profit after taxRs m49648459923.8%20.9%
Gross profit margin%9.810.810.9
Effective tax rate%22.136.033.6
Net profit margin%4.84.44.7
* 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 22.2% 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 36.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.9% in 4QFY19 as against 9.8% in 4QFY18.
  • Depreciation charges increased by 8.3% and finance costs increased by 46.7% YoY, respectively.
  • Other income declined by 709.4% YoY during the quarter.
  • Net profit for the quarter increased by 20.9% YoY. Net profit margins during the quarter declined from 4.8% in 4QFY18 to 4.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.6% QoQ during the same period.
  • The company's operating profit increased by 16.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.9% in 4QFY19 as against 10.8% in 3QFY18.
  • Net profit for the quarter increased by 23.8% QoQ, while net profit margins increased from 4.4% in 3QFY18 to 4.7% in 4QFY19.

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 477.5 to Rs 482.2, registering a Gain of Rs 4.7 or around 1.0%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,939.6 (up 0.4%). Over the last one year it has moved down from 2,080.3 to 1,939.6, a gain of 141 points (down 6.8%).

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

Current Valuations

At the current price of Rs 482.2, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 20.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.2 times.

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