Domestic Institutional Wire and cable sale is Rs 556 Crore in 3rd quarter as against PY Rs 630 Crore. Domestic Institutional EHV cable sale stood at Rs 184 crore in 3rd quarter as against PY Rs 93 Crore. Total Institutional sale including export increased by approx. 12.93% YoY in Q-3 FY 24. Total Institutional Cable Sale including export contributed 45.37% in Q-3 FY 24 against 46.43% in Q3 FY 23. 

 For year-to-date (YTD) results analysis.

Net sales (including other operating income) of KEI Industries for nine month ended Dec 2023 has increased 16.80% to Rs 5790.87 crore.  

Operating profit margin has jumped from 10.13% to 10.34%, leading to 19.24% rise in operating profit to Rs 599.05 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 75.30% to 75.67%.   Purchase of finished goods cost rose from 0.02% to 0.03%.   Employee cost decreased from 3.34% to 3.31%.   Other expenses fell from 11.24% to 10.97%.   Expenses from contract fell from 1.52% to 1.16%.   

Other income rose 23.18% to Rs 27.79 crore.  PBIDT rose 19.41% to Rs 626.84 crore.  Provision for interest rose 11.29% to Rs 27.4 crore.  

PBDT rose 19.81% to Rs 599.44 crore.  Provision for depreciation rose 6.62% to Rs 45.59 crore.  

Profit before tax grew 21.05% to Rs 553.85 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 141.59 crore, compared to Rs 118.3 crore.  Effective tax rate was 25.56% compared to 25.86%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 21.52% to Rs 412.26 crore.  

Promoters’ stake was 37.08% as of 31 December 2023 ,compared to 37.32% as of 31 December 2022 .