 |
Results
24-Jan-23
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
KEI Industries
|
|
Sales up 14%, net up 27%
|
|
|
|
|
Standalone net sales
(including other operating income) of KEI Industries for the quarter ended Dec
2022 has increased 14.10% to Rs 1,784.32 crore. Operating profit
margin has jumped from 10.03% to 10.21%, leading to 16.16% rise in operating
profit to Rs 182.18 crore. Raw material cost as a % of total sales
(net of stock adjustments) decreased from 77.01% to 75.55%.
Employee cost increased from 3.02% to 3.30%. Other
expenses rose from 10.70% to 10.99%. Other income up 705.26% to Rs
13.77 crore. PBIDT rose 23.59% to Rs 195.95
crore. Provision for interest fell 13.57% to Rs 7.77
crore. PBDT rose 25.82% to Rs 188.18 crore. Provision for
depreciation rose 4.95% to Rs 14.42 crore. Profit before tax grew
27.93% to Rs 173.76 crore. Provision for tax was expense of Rs 45.15
crore, compared to Rs 34.57 crore. Effective tax rate was 25.98%
compared to 25.45%. Profit after tax rose 27.02% to Rs 128.61
crore.
- Sales of Segment - Cables segment has gone up
16.20% to Rs 1,633.38 crore (accounting for 85.40% of total
sales). Sales of Segment - Stainless Steel Wire segment has gone
down 14.50% to Rs 55.75 crore (accounting for 2.91% of total
sales). Sales of Segment-EPC Projects segment has gone down 7.99% to
Rs 223.40 crore (accounting for 11.68% of total sales).
- Profit before interest, tax and other unallocable items (PBIT) has
jumped 13.61% to Rs 185.13 crore. PBIT of Segment - Cables segment
rose 10.92% to Rs 151.50 crore (accounting for 81.83% of total
PBIT). PBIT of Segment - Stainless Steel Wire segment rose 82.14% to
Rs 5.60 crore (accounting for 3.02% of total PBIT). PBIT of
Segment-EPC Projects segment rose 20.36% to Rs 28.03 crore (accounting for
15.14% of total PBIT).
- PBIT margin of Segment - Cables segment fell from 9.72% to
9.28%. PBIT margin of Segment - Stainless Steel Wire segment rose from
4.71% to 10.04%. PBIT margin of Segment-EPC Projects segment rose
from 9.59% to 12.55%. Overall PBIT margin rose from 9.51% to
9.68%.
Consolidated net sales
(including other operating income) of KEI Industries has increased 14.10% to Rs
1784.32 crore. Operating profit margin has jumped from 10.03% to
10.21%, leading to 16.17% rise in operating profit to Rs 182.18
crore. Other income rose 704.68% to Rs 13.76
crore. PBIDT rose 23.60% to Rs 195.94 crore. Provision
for interest fell 13.57% to Rs 7.77 crore. PBDT rose 25.83% to Rs
188.17 crore. Provision for depreciation rose 4.95% to Rs 14.42
crore. Profit before tax grew 27.95% to Rs 173.75
crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 45.15 crore, compared
to Rs 34.57 crore. Effective tax rate was 25.99% compared to 25.46%.Minority
interest was nil in both the periods. Net profit attributable to
owners of the company increased 27.04% to Rs 128.60 crore.
- Sales of Segment-Cables segment has gone up 16.20% to Rs 1,633.38
crore (accounting for 85.40% of total sales). Sales of
Segment-Stainees Steel Wire segment has gone down 14.50% to Rs 55.75 crore
(accounting for 2.91% of total sales). Sales of Segment-EPC project
segment has gone down 7.99% to Rs 223.40 crore (accounting for 11.68% of total
sales). Inter-segment sales came down from Rs 149.82 crore to Rs
128.22 crore.
- Profit before interest, tax and other unallocable items (PBIT) has
jumped 13.63% to Rs 185.12 crore. PBIT of Segment-Cables segment
rose 10.93% to Rs 151.49 crore (accounting for 81.83% of total
PBIT). PBIT of Segment-Stainees Steel Wire segment rose 82.14% to Rs
5.60 crore (accounting for 3.02% of total PBIT). PBIT of Segment-EPC
project segment rose 20.36% to Rs 28.03 crore (accounting for 15.14% of total
PBIT).
- PBIT margin of Segment-Cables segment fell from 9.71% to
9.27%. PBIT margin of Segment-Stainees Steel Wire segment rose from
4.71% to 10.04%. PBIT margin of Segment-EPC project segment rose
from 9.59% to 12.55%. Overall PBIT margin rose from 9.51% to
9.68%.
Nine month performance
Standalone net sales (including other operating income) of KEI Industries has increased
26% to Rs 4,957.80 crore. Operating profit margin has declined from
10.59% to 10.13%, leading to 20.53% rise in operating profit to Rs 502.39
crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 74.74% to 75.30%. Purchase of finished
goods cost rose from 0.01% to 0.02%. Employee cost decreased from
3.53% to 3.34%. Other expenses fell from 11.97% to 11.24%.
Other income up 219.69% to Rs 22.57 crore. PBIDT rose
23.85% to Rs 524.96 crore. Provision for interest fell 18.85% to Rs
24.62 crore. PBDT rose 27.14% to Rs 500.34
crore. Provision for depreciation rose 2.81% to Rs 42.76
crore. Profit before tax grew 30.02% to Rs 457.58
crore. Provision for tax was expense of Rs 118.3 crore, compared to
Rs 91.6 crore. Effective tax rate was 25.85% compared to 26.03%.Profit
after tax rose 30.32% to Rs 339.28 crore.
- Sales of Segment - Cables segment has gone up 28.48% to Rs
4,498.45 crore (accounting for 86.99% of total sales). Sales of
Segment - Stainless Steel Wire segment has gone up 15.46% to Rs 190.22 crore
(accounting for 3.68% of total sales). Sales of Segment-EPC Projects
segment has gone down 26.40% to Rs 482.85 crore (accounting for 9.34% of total
sales).
- Profit before interest, tax and other unallocable items (PBIT) has
jumped 11.34% to Rs 470.42 crore. PBIT of Segment - Cables segment
rose 14.03% to Rs 404.99 crore (accounting for 86.09% of total
PBIT). PBIT of Segment - Stainless Steel Wire segment rose 27.77% to
Rs 13.10 crore (accounting for 2.78% of total PBIT). PBIT of
Segment-EPC Projects segment fell 8.33% to Rs 52.34 crore (accounting for
11.13% of total PBIT).
- PBIT margin of Segment - Cables segment fell from 10.14% to
9.00%. PBIT margin of Segment - Stainless Steel Wire segment rose
from 6.22% to 6.89%. PBIT margin of Segment-EPC Projects segment
rose from 8.70% to 10.84%. Overall PBIT margin fell from 9.78% to
9.10%.
Consolidated net sales (including other operating income) of KEI Industries has
increased 26% to Rs 4957.8 crore. Operating profit margin has
declined from 10.59% to 10.13%, leading to 20.54% rise in operating profit to
Rs 502.37 crore Other income
rose 233.23% to Rs 22.56 crore. PBIDT rose 23.94% to Rs 524.93
crore. Provision for interest fell 18.85% to Rs 24.62
crore. PBDT rose 27.25% to Rs 500.31 crore. Provision for
depreciation rose 2.81% to Rs 42.76 crore. Profit before tax grew
30.14% to Rs 457.55 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 118.3 crore, compared
to Rs 91.6 crore. Effective tax rate was 25.86% compared to 26.05%.Minority
interest was nil in both the periods. Net profit attributable to
owners of the company increased 30.46% to Rs 339.25 crore.
- Sales of Segment-Cables
segment has gone up 28.48% to Rs 4,498.45 crore (accounting for 86.99% of total
sales). Sales of Segment-Stainees Steel Wire segment has gone up
15.46% to Rs 190.22 crore (accounting for 3.68% of total
sales). Sales of Segment-EPC projects segment has gone down 26.40%
to Rs 482.85 crore (accounting for 9.34% of total sales).
- Profit before interest, tax and other unallocable items (PBIT) has
jumped 11.35% to Rs 470.39 crore. PBIT of Segment-Cables segment
rose 14.04% to Rs 404.96 crore (accounting for 86.09% of total
PBIT). PBIT of Segment-Stainees Steel Wire segment rose 27.77% to Rs
13.10 crore (accounting for 2.78% of total PBIT). PBIT of
Segment-EPC projects segment fell 8.33% to Rs 52.34 crore (accounting for
11.13% of total PBIT).
- PBIT margin of Segment-Cables segment fell from 10.14% to
9.00%. PBIT margin of Segment-Stainees Steel Wire segment rose from
6.22% to 6.89%. PBIT margin of Segment-EPC projects segment rose
from 8.70% to 10.84%. Overall PBIT margin fell from 9.77% to
9.10%.
Promoters’ stake was 37.32% as of 31 December 2022 ,compared to
38.02% as of 31 December 2021 .
| KEI Industries : Standalone Results | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,784.32 | 1,563.85 | 14.10 | 4,957.80 | 3,934.84 | 26.00 | 5,726.55 | 4,181.49 | 36.95 | | OPM (%) | 10.21 | 10.03 | 18 bps | 10.13 | 10.59 | -46 bps | 10.28 | 10.89 | -61 bps | | OP | 182.18 | 156.84 | 16.16 | 502.39 | 416.81 | 20.53 | 588.68 | 455.47 | 29.25 | | Other Inc. | 13.77 | 1.71 | 705.26 | 22.57 | 7.06 | 219.69 | 14.89 | 20.06 | -25.77 | | PBIDT | 195.95 | 158.55 | 23.59 | 524.96 | 423.87 | 23.85 | 603.57 | 475.53 | 26.93 | | Interest | 7.77 | 8.99 | -13.57 | 24.62 | 30.34 | -18.85 | 40.39 | 57.31 | -29.52 | | PBDT | 188.18 | 149.56 | 25.82 | 500.34 | 393.53 | 27.14 | 563.18 | 418.22 | 34.66 | | Depreciation | 14.42 | 13.74 | 4.95 | 42.76 | 41.59 | 2.81 | 55.45 | 57.81 | -4.08 | | PBT | 173.76 | 135.82 | 27.93 | 457.58 | 351.94 | 30.02 | 507.73 | 360.41 | 40.88 | | PBT before EO | 173.76 | 135.82 | 27.93 | 457.58 | 351.94 | 30.02 | 507.73 | 360.41 | 40.88 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 173.76 | 135.82 | 27.93 | 457.58 | 351.94 | 30.02 | 507.73 | 360.41 | 40.88 | | Taxation | 45.15 | 34.57 | 30.60 | 118.3 | 91.6 | 29.15 | 131.51 | 90.86 | 44.74 | | PAT | 128.61 | 101.25 | 27.02 | 339.28 | 260.34 | 30.32 | 376.22 | 269.55 | 39.57 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 128.61 | 101.25 | 27.02 | 339.28 | 260.34 | 30.32 | 376.22 | 269.55 | 39.57 | | EPS (Rs)* | 14.26 | 11.23 | 27.02 | 37.62 | 28.86 | 30.32 | 41.71 | 29.89 | 39.57 | | | * EPS is on current equity of Rs 18.04 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 |
|
| KEI Industries : Standalone Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
|---|
| % of (Total) | 202212 | 202112 | Var.(%) | % of (Total) | 202212 | 202112 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
|---|
| Sales | | Segment - Cables | 85.40 | 1,633.38 | 1,405.67 | 16.20 | 86.99 | 4,498.45 | 3,501.33 | 28.48 | 82.33 | 5,122.68 | 3,574.21 | 43.32 | | Segment - Stainless Steel Wire | 2.91 | 55.75 | 65.20 | -14.50 | 3.68 | 190.22 | 164.75 | 15.46 | 3.63 | 225.94 | 141.65 | 59.50 | | Others- Segment | 0.00 | 0.00 | 0.00 | - | | Segment - Turnkey Projects | 0.00 | 0.00 | 0.00 | - | | Segment-EPC Projects | 11.68 | 223.40 | 242.80 | -7.99 | 9.34 | 482.85 | 656.04 | -26.40 | 14.04 | 873.49 | 976.70 | -10.57 | | Total Reported Sales | 100.00 | 1,912.53 | 1,713.67 | 11.60 | 100.00 | 5,171.52 | 4,322.12 | 19.65 | 100.00 | 6,222.11 | 4,692.56 | 32.60 | | Less: Inter segment revenues | | 0.00 | 149.82 | - | | 0.00 | 386.97 | | 495.56 | 511.08 | -3.04 | | Net Sales | 100.00 | 1,912.53 | 1,563.85 | 22.30 | 100.00 | 5,171.52 | 3,935.16 | 31.42 | 100.00 | 5,726.55 | 4,181.49 | 36.95 | | PBIT | | Segment - Cables | 81.83 | 151.50 | 136.58 | 10.92 | 86.09 | 404.99 | 355.16 | 14.03 | 83.57 | 486.42 | 409.53 | 18.78 | | Segment - Stainless Steel Wire | 3.02 | 5.60 | 3.07 | 82.14 | 2.78 | 13.10 | 10.25 | 27.77 | 2.34 | 13.63 | 8.39 | 62.60 | | Others- Segment | 0.00 | 0.00 | 0.00 | - | | Segment - Turnkey Projects | 0.00 | 0.00 | 0.00 | - | | Segment-EPC Projects | 15.14 | 28.03 | 23.29 | 20.36 | 11.13 | 52.34 | 57.09 | -8.33 | 14.09 | 81.98 | 90.74 | -9.65 | | Total PBIT | 100.00 | 185.13 | 162.95 | 13.61 | 100.00 | 470.42 | 422.50 | 11.34 | 100.00 | 582.03 | 508.65 | 14.43 | | Less : Interest | | 7.77 | 8.99 | -13.50 | | 24.62 | 30.34 | -18.87 | | 40.39 | 57.31 | -29.52 | | Add: Other un-allcoable | | -3.60 | -18.14 | 80.17 | | 11.78 | -40.23 | LP | | -33.91 | -90.94 | 62.71 | | PBIT Margin(%) | | Segment - Cables | | 9.28 | 9.72 | -44.13 | | 9.00 | 10.14 | -114.08 | | 9.50 | 11.46 | -196.24 | | Segment - Stainless Steel Wire | | 10.04 | 4.71 | 532.88 | | 6.89 | 6.22 | 66.34 | | 6.03 | 5.92 | 11.50 | | Others- Segment | | 0.00 | 0.00 | 0.00 | | Segment - Turnkey Projects | | 0.00 | 0.00 | 0.00 | | Segment-EPC Projects | | 12.55 | 9.59 | 295.54 | | 10.84 | 8.70 | 213.65 | | 9.39 | 9.29 | 9.50 | | PBT | 100.00 | 173.76 | 135.82 | 27.93 | 100.00 | 457.58 | 351.93 | 30.02 | 100.00 | 507.73 | 360.41 | 40.88 |
|
| KEI Industries : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,784.32 | 1,563.85 | 14.10 | 4,957.80 | 3,934.84 | 26.00 | 5,726.55 | 4,181.54 | 36.95 | | OPM (%) | 10.21 | 10.03 | 18 bps | 10.13 | 10.59 | -46 bps | 10.28 | 10.89 | -61 bps | | OP | 182.18 | 156.82 | 16.17 | 502.37 | 416.75 | 20.54 | 588.72 | 455.47 | 29.26 | | Other Inc. | 13.76 | 1.71 | 704.68 | 22.56 | 6.77 | 233.23 | 14.60 | 20.06 | -27.22 | | PBIDT | 195.94 | 158.53 | 23.60 | 524.93 | 423.52 | 23.94 | 603.32 | 475.53 | 26.87 | | Interest | 7.77 | 8.99 | -13.57 | 24.62 | 30.34 | -18.85 | 40.39 | 57.31 | -29.52 | | PBDT | 188.17 | 149.54 | 25.83 | 500.31 | 393.18 | 27.25 | 562.93 | 418.22 | 34.60 | | Depreciation | 14.42 | 13.74 | 4.95 | 42.76 | 41.59 | 2.81 | 55.45 | 57.81 | -4.08 | | PBT | 173.75 | 135.80 | 27.95 | 457.55 | 351.59 | 30.14 | 507.48 | 360.41 | 40.81 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0.04 | - | 0.04 | 0.1 | -60.00 | | PBT before EO | 173.75 | 135.8 | 27.95 | 457.55 | 351.63 | 30.12 | 507.52 | 360.51 | 40.78 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 173.75 | 135.8 | 27.95 | 457.55 | 351.63 | 30.12 | 507.52 | 360.51 | 40.78 | | Taxation | 45.15 | 34.57 | 30.60 | 118.3 | 91.6 | 29.15 | 131.51 | 90.86 | 44.74 | | PAT | 128.6 | 101.23 | 27.04 | 339.25 | 260.03 | 30.47 | 376.01 | 269.65 | 39.44 | | Minority Interest (MI) | 0 | 0 | - | 0 | -0.01 | - | -0.01 | 0.1 | LP | | Net profit | 128.6 | 101.23 | 27.04 | 339.25 | 260.04 | 30.46 | 376.02 | 269.55 | 39.50 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 128.6 | 101.23 | 27.04 | 339.25 | 260.04 | 30.46 | 376.02 | 269.55 | 39.50 | | EPS (Rs)* | 14.26 | 11.22 | 27.04 | 37.61 | 28.83 | 30.46 | 41.69 | 29.89 | 39.50 | | | * EPS is on current equity of Rs 18.04 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 |
|
| KEI Industries : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
|---|
| % of (Total) | 202212 | 202112 | Var.(%) | % of (Total) | 202212 | 202112 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
|---|
| Sales | | Segment-Cables | 85.40 | 1,633.38 | 1,405.67 | 16.20 | 86.99 | 4,498.45 | 3,501.33 | 28.48 | 82.33 | 5,122.68 | 3,574.26 | 43.32 | | Segment-Stainees Steel Wire | 2.91 | 55.75 | 65.20 | -14.50 | 3.68 | 190.22 | 164.75 | 15.46 | 3.63 | 225.94 | 141.65 | 59.50 | | Segment - turnkey projects | 0.00 | 0.00 | 0.00 | - | | Segment-EPC project | 11.68 | 223.40 | 242.80 | -7.99 | 9.34 | 482.85 | 656.04 | -26.40 | 14.04 | 873.49 | 976.70 | -10.57 | | Total Reported Sales | 100.00 | 1,912.53 | 1,713.67 | 11.60 | 100.00 | 5,171.52 | 4,322.12 | 19.65 | 100.00 | 6,222.11 | 4,692.61 | 32.59 | | Less: Inter segment revenues | | 128.22 | 149.82 | -14.42 | | 0.00 | 386.97 | | 495.56 | 511.08 | -3.04 | | Net Sales | 100.00 | 1,784.32 | 1,563.85 | 14.10 | 100.00 | 5,171.52 | 3,935.16 | 31.42 | 100.00 | 5,726.55 | 4,181.54 | 36.95 | | PBIT | | Segment-Cables | 81.83 | 151.49 | 136.56 | 10.93 | 86.09 | 404.96 | 355.11 | 14.04 | 83.57 | 486.36 | 409.47 | 18.78 | | Segment-Stainees Steel Wire | 3.02 | 5.60 | 3.07 | 82.14 | 2.78 | 13.10 | 10.25 | 27.77 | 2.34 | 13.63 | 8.39 | 62.60 | | Segment - turnkey projects | 0.00 | 0.00 | 0.00 | - | | Segment-EPC project | 15.14 | 28.03 | 23.29 | 20.36 | 11.13 | 52.34 | 57.09 | -8.33 | 14.09 | 81.98 | 90.74 | -9.65 | | Total PBIT | 100.00 | 185.12 | 162.92 | 13.63 | 100.00 | 470.39 | 422.46 | 11.35 | 100.00 | 581.97 | 508.59 | 14.43 | | Less : Interest | | 7.77 | 8.99 | -13.50 | | 24.62 | 30.34 | -18.87 | | 40.39 | 57.31 | -29.52 | | Add: Other un-allcoable | | -3.60 | -18.14 | 80.16 | | 11.78 | -40.48 | LP | | -34.05 | -90.78 | 62.49 | | PBIT Margin(%) | | Segment-Cables | | 9.27 | 9.71 | -44.02 | | 9.00 | 10.14 | -114.01 | | 9.49 | 11.46 | -196.19 | | Segment-Stainees Steel Wire | | 10.04 | 4.71 | 532.88 | | 6.89 | 6.22 | 66.34 | | 6.03 | 5.92 | 11.50 | | Segment - turnkey projects | | 0.00 | 0.00 | 0.00 | | Segment-EPC project | | 12.55 | 9.59 | 295.54 | | 10.84 | 8.70 | 213.65 | | 9.39 | 9.29 | 9.50 | | PBT | 100.00 | 173.75 | 135.80 | 27.95 | 100.00 | 457.55 | 351.63 | 30.12 | 100.00 | 507.53 | 360.51 | 40.78 |
|
|
|
|
|
Previous News |
KEI Industries consolidated net profit rises 19.07% in the March 2023 quarter
(
Results
-
Announcements
03-May-23
07:41
)
|
|
|
KEI Industries
(
Analyst Meet / AGM
-
Conference Call
04-May-24
09:37
)
|
|
|
KEI Industries
(
Analyst Meet / AGM
-
Conference Call
31-Jul-24
08:42
)
|
|
|
KEI Industries fixes record date for interim dividend
(
Market Beat
-
Reports
23-Jan-23
19:14
)
|
|
|
KEI Industries
(
Analyst Meet / AGM
-
Conference Call
22-Oct-22
13:09
)
|
|
|
KEI Industries
(
Analyst Meet / AGM
-
Conference Call
30-Jan-21
09:29
)
|
|
|
KEI Industries consolidated net profit rises 27.04% in the December 2022 quarter
(
Results
-
Announcements
24-Jan-23
07:34
)
|
|
|
KEI Industries consolidated net profit declines 20.77% in the June 2020 quarter
(
Results
-
Announcements
07-Aug-20
08:11
)
|
|
|
Kei Industries
(
Results
-
Analysis
06-Aug-19
15:34
)
|
|
|
KEI Industries Q1 PAT rises 17% YoY to Rs 121 cr
(
Hot Pursuit
-
01-Aug-23
11:03
)
|
|
|
KEI Industries
(
Results
-
Analysis
03-May-24
06:03
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|