KEI INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Up 1.5%
Mon, 1 Jun

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

KEI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m12,58813,14212,585-4.2%0.0%
Other incomeRs m374624-48.4%-35.6%
TurnoverRs m12,62513,18812,609-4.4%-0.1%
ExpensesRs m11,21211,74911,379-3.2%1.5%
Gross profitRs m1,3761,3931,206-13.4%-12.3%
DepreciationRs m86141137-2.8%58.9%
InterestRs m423330277-16.1%-34.6%
Profit before taxRs m903968816-15.7%-9.7%
TaxRs m304245207-15.3%-31.7%
Profit after taxRs m599723608-15.8%1.5%
Gross profit margin%10.910.69.6
Effective tax rate%33.625.325.4
Net profit margin%4.75.54.8
* 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 0.0% on a year-on-year (YoY) basis. The expenses were up by 1.5% YoY during the same period.
  • The company's operating profit declined by 12.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 4QFY20 as against 10.9% in 4QFY19.
  • Depreciation charges increased by 58.9% and finance costs declined by 34.6% YoY, respectively.
  • Other income declined by 35.6% YoY during the quarter.
  • Net profit for the quarter increased by 1.5% YoY. Net profit margins during the quarter increased from 4.7% in 4QFY19 to 4.8% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.2% QoQ during the same period.
  • The company's operating profit declined by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 4QFY20 as against 10.6% in 3QFY19.
  • Net profit for the quarter declined by 15.8% QoQ, while net profit margins declined from 5.5% in 3QFY19 to 4.8% in 4QFY20.

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 524.4 to Rs 291.0, registering a Loss of Rs 233.4 or around 44.5%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,505.0 (up 1.6%). Over the last one year it has moved down from 2,010.1 to 1,505.0, a loss of 505 points (down 25.1%).

Overall, the S&P BSE SENSEX is down 15.7% over the year.

Current Valuations

At the current price of Rs 291.0, the price to earnings (P/E) ratio of KEI INDUSTRIES stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.