|
Consolidated Net sales (including other operating income) of KEI Industries for the quarter ended Mar 2024 has increased 18.76% to Rs 2319.28 crore. Operating profit margin has jumped from 10.35% to 10.55%, leading to 20.95% rise in operating profit to Rs 244.58 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 73.49% to 73.77%. Purchase of finished goods cost rose from 0.01% to 0.10%. Employee cost decreased from 3.41% to 3.13%. Other expenses fell from 12.59% to 12.00%. Expenses from contract fell from 2.47% to 1.69%. Other income rose 127.63% to Rs 15.16 crore. PBIDT rose 24.35% to Rs 259.74 crore. Provision for interest rose 63.73% to Rs 16.52 crore. PBDT rose 22.36% to Rs 243.22 crore. Provision for depreciation rose 10.06% to Rs 15.76 crore. Profit before tax grew 23.31% to Rs 227.46 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 58.65 crore, compared to Rs 46.36 crore. Effective tax rate was 25.81% compared to 25.13%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 22.09% to Rs 168.61 crore. Full year results analysis.
Net sales (including other operating income) of KEI Industries has increased 17.31% to Rs 8104.08 crore. Operating profit margin has jumped from 10.16% to 10.33%, leading to 19.30% rise in operating profit to Rs 837.55 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 74.82% to 75.21%. Purchase of finished goods cost rose from 0.02% to 0.05%. Employee cost decreased from 3.36% to 3.26%. Other expenses fell from 11.62% to 11.25%. Expenses from contract fell from 1.79% to 1.30%. Other income rose 54.25% to Rs 49.02 crore. PBIDT rose 20.82% to Rs 886.57 crore. Provision for interest rose 26.51% to Rs 43.91 crore. PBDT rose 20.53% to Rs 842.66 crore. Provision for depreciation rose 7.50% to Rs 61.36 crore. Profit before tax grew 21.69% to Rs 781.30 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 200.24 crore, compared to Rs 164.67 crore. Effective tax rate was 25.64% compared to 25.65%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 21.68% to Rs 580.86 crore. Order book ORder book as end of Mar 2024 stood at Rs 3531 crore. Other developments Equity capital increased from Rs 18.04 crore as of 31 March 2023 to Rs 18.05 crore as of 31 March 2024. Per share face Value remained same at Rs 2.00. Promoters’ stake was 37.08% as of 31 March 2024 ,compared to 37.21% as of 31 March 2023 . Loan funds rose to Rs 166.23 crore as of 31 March 2024 from Rs 161.83 crore as of 31 March 2023. Inventories rose to Rs 1,342.75 crore as of 31 March 2024 from Rs 1,102.29 crore as of 31 March 2023. Sundry debtors were higher at Rs 1,517.87 crore as of 31 March 2024 compared to Rs 1,387.79 crore as of 31 March 2023. Cash and bank balance rose to Rs 700.37 crore as of 31 March 2024 from Rs 537.17 crore as of 31 March 2023. Investments rose to Rs 1.59 crore as of 31 March 2024 from Rs 1.27 crore as of 31 March 2023 . Fixed assets increased to Rs 889.70 crore as of 31 March 2024 from Rs 580.19 crore as of 31 March 2023. Intangible assets declined from Rs 1.69 crore to Rs 1.54 crore. Cash flow from operating activities increased to Rs 610.50 crore for year ended March 2024 from Rs 513.91 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 400.49 crore, compared to Rs 97.94 crore during the year ended March 2023.
| KEI Industries : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202403 | 202303 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,319.28 | 1,952.93 | 18.76 | 8,104.08 | 6,908.17 | 17.31 | | OPM (%) | 10.55 | 10.35 | 19 bps | 10.33 | 10.16 | 17 bps | | OP | 244.58 | 202.21 | 20.95 | 837.55 | 702.03 | 19.30 | | Other Inc. | 15.16 | 6.66 | 127.63 | 49.02 | 31.78 | 54.25 | | PBIDT | 259.74 | 208.87 | 24.35 | 886.57 | 733.81 | 20.82 | | Interest | 16.52 | 10.09 | 63.73 | 43.91 | 34.71 | 26.51 | | PBDT | 243.22 | 198.78 | 22.36 | 842.66 | 699.10 | 20.53 | | Depreciation | 15.76 | 14.32 | 10.06 | 61.36 | 57.08 | 7.50 | | PBT | 227.46 | 184.46 | 23.31 | 781.3 | 642.02 | 21.69 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 227.46 | 184.46 | 23.31 | 781.3 | 642.02 | 21.69 | | EO Income | -0.21 | 0 | - | -0.21 | 0 | - | | PBT after EO | 227.25 | 184.46 | 23.20 | 781.09 | 642.02 | 21.66 | | Taxation | 58.65 | 46.36 | 26.51 | 200.24 | 164.67 | 21.60 | | PAT | 168.6 | 138.1 | 22.09 | 580.85 | 477.35 | 21.68 | | Minority Interest (MI) | -0.01 | 0 | - | -0.01 | 0 | - | | Net profit | 168.61 | 138.1 | 22.09 | 580.86 | 477.35 | 21.68 | | P/(L) from discontinued operations net of tax | -0.12 | 0 | - | -0.12 | 0 | - | | Net profit after discontinued operations | 168.49 | 138.1 | 22.01 | 580.74 | 477.35 | 21.66 | | EPS (Rs)* | 18.70 | 15.30 | 22.19 | 64.38 | 52.90 | 21.72 | | | * EPS is on current equity of Rs 18.05 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|