KEI Industries Ltd's Q4FY18 standalone net profit rises 40.5% yoy to Rs49.60cr

India Infoline Research Team | May 18, 2018 09:38 IST

The company’s standalone revenue stood at Rs1,030.40cr, up 39.43% yoy

KEI Industries Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 1,030.4 39.4
EBITDA 101 38.6
EBITDA Margin (%) 9.8 [6]
Net Profit (adjusted) 49.6 40.5
***EBITDA margin change is bps
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Buy

Reco. Price

433

Last updated on

16-May-2018

For Q4FY18, KEI Industries’ standalone sales increased by 39.4% yoy to Rs1,030.4cr from Rs739cr in Q4FY17 driven by cables and turnkey projects segments. Operating Profit (EBITDA) for the quarter grew by 38.6% yoy and stood at Rs101cr vs. Rs72.9cr in Q4FY17.  EBITDA margin remained stagnant yoy at 9.8%. The company reported net profit growth of 40.5% yoy and delivered net profit of Rs49.6cr in Q4FY18.
  • Cables segment (74.4% of Q4FY18 sales) reported revenue growth of ~24% yoy to Rs812.5cr. EBIT margin in the segment declined from 11.5% in Q4FY17 to 8.9% in Q4FY18 due to increase in raw material prices.
  • Turnkey projects sales (22.8% of Q4FY18 sales) grew by 41.8% yoy to Rs249.4cr. EBIT margin, however, declined from 7% in Q4FY17 to 6.2% in Q4FY18.
  • Stainless steel wire segment sales (2.8% of Q4FY18 sales) declined by 2.9% yoy to Rs30.9cr. EBIT margin for the segment improved from 4% in Q4FY17 to 7.6% in Q4FY18.
Technical View:

KEI Industries Ltd is currently trading at Rs. 433, down by 4.55 points or 1.04% from its previous closing of Rs. 437.55 on the BSE.
The scrip opened at Rs. 442.10 and has touched a high and low of Rs. 443 and Rs. 433 respectively. So far 1,12,532 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.


***Note: This is a NSE Chart

 

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