Standalone net sales (including other operating income) of KEI Industries for the quarter ended June 2022 has increased 53.84% to Rs 1,565.41 crore. Operating profit margin has declined from 11.18% to 10.20%, leading to 40.38% rise in operating profit to Rs 159.64 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 72.27% to 75.43%. Employee cost decreased from 4.44% to 3.54%. Other expenses fell from 13.28% to 10.96%. Contract job process charges fell from 3.00% to 1.32%. Other income up 26.98% to Rs 3.53 crore. PBIDT rose 40.06% to Rs 163.17 crore. Provision for interest fell 19.18% to Rs 9.23 crore. PBDT rose 46.50% to Rs 153.94 crore. Provision for depreciation rose 0.22% to Rs 13.88 crore. Profit before tax grew 53.52% to Rs 140.06 crore. Provision for tax was expense of Rs 36.29 crore, compared to Rs 24.12 crore. Effective tax rate was 25.91% compared to 26.44%. Profit after tax rose 54.63% to Rs 103.77 crore.
Sales of Segment – Cables segment has gone up 60.62% to Rs 1,420.57 crore (accounting for 86.88% of total sales). Sales of Segment – Stainless Steel Wire segment has gone up 27.61% to Rs 61.00 crore (accounting for 3.73% of total sales). Sales of Segment-EPC Projects segment has gone up 11.42% to Rs 153.59 crore (accounting for 9.39% of total sales). Inter-segment sales rose Rs 53.03 crore to Rs 69.75 crore.
Profit before interest, tax and other unallocable items (PBIT) has jumped 26.94% to Rs 139.87 crore. PBIT of Segment – Cables segment rose 34.47% to Rs 127.37 crore (accounting for 91.06% of total PBIT). PBIT of Segment – Stainless Steel Wire segment rose 1.64% to Rs 3.04 crore (accounting for 2.17% of total PBIT). PBIT of Segment-EPC Projects segment fell 24.14% to Rs 9.46 crore (accounting for 6.76% of total PBIT).
PBIT margin of Segment – Cables segment fell from 10.71% to 8.97%. PBIT margin of Segment – Stainless Steel Wire segment fell from 6.26% to 4.98%. PBIT margin of Segment-EPC Projects segment fell from 9.05% to 6.16%. Overall PBIT margin fell from 10.30% to 8.55%.
Consolidated net sales (including other operating income) of KEI Industries for the quarter ended Jun 2022 has increased 53.84% to Rs 1565.41 crore. Sales of Segment-Cables segment has gone up 60.62% to Rs 1,420.57 crore (accounting for 86.88% of total sales). Sales of Segment-Stainees Steel Wire segment has gone up 27.61% to Rs 61.00 crore (accounting for 3.73% of total sales). Sales of Segment-EPC projects segment has gone up 11.42% to Rs 153.59 crore (accounting for 9.39% of total sales). Inter-segment sales rose Rs 53.03 crore to Rs 69.75 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 26.95% to Rs 139.86 crore. PBIT of Segment-Cables segment rose 34.48% to Rs 127.36 crore (accounting for 91.06% of total PBIT). PBIT of Segment-Stainees Steel Wire segment rose 1.64% to Rs 3.04 crore (accounting for 2.17% of total PBIT). PBIT of Segment-EPC projects segment fell 24.14% to Rs 9.46 crore (accounting for 6.76% of total PBIT). PBIT margin of Segment-Cables segment fell from 10.71% to 8.97%. PBIT margin of Segment-Stainees Steel Wire segment fell from 6.26% to 4.98%. PBIT margin of Segment-EPC projects segment fell from 9.05% to 6.16%. Overall PBIT margin fell from 10.30% to 8.55%. Operating profit margin has declined from 11.17% to 10.20%, leading to 40.38% rise in operating profit to Rs 159.63 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 72.27% to 75.43%. Employee cost decreased from 4.44% to 3.54%. Other expenses fell from 13.28% to 10.96%. Contract job process charges fell from 3.00% to 1.32%. Other income rose 26.98% to Rs 3.53 crore. PBIDT rose 40.06% to Rs 163.16 crore. Provision for interest fell 19.18% to Rs 9.23 crore. PBDT rose 46.50% to Rs 153.93 crore. Provision for depreciation rose 0.22% to Rs 13.88 crore. Profit before tax grew 53.53% to Rs 140.05 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 36.29 crore, compared to Rs 24.12 crore. Effective tax rate was 25.91% compared to 26.44%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 54.63% to Rs 103.76 crore. Promoters stake was 38.02% as of 30 June 2022 ,compared to 39.23% as of 30 June 2021.
KEI Industries : Consolidated Results
Quarter ended
Year ended
Particulars
202206
202106
Var.(%)
202203
202103
Var.(%)
Net Sales (including other operating income)
1,565.41
1,017.56
53.84
5,726.55
4,181.54
36.95
OPM (%)
10.20
11.17
-98 bps
10.28
10.89
-61 bps
OP
159.63
113.71
40.38
588.72
455.47
29.26
Other Inc.
3.53
2.78
26.98
14.60
20.06
-27.22
PBIDT
163.16
116.49
40.06
603.32
475.53
26.87
Interest
9.23
11.42
-19.18
40.39
57.31
-29.52
PBDT
153.93
105.07
46.50
562.93
418.22
34.60
Depreciation
13.88
13.85
0.22
55.45
57.81
-4.08
PBT
140.05
91.22
53.53
507.48
360.41
40.81
Share of Profit/(Loss) from Associates
0
0
–
0.04
0.1
-60.00
PBT before EO
140.05
91.22
53.53
507.52
360.51
40.78
EO Income
0
0
–
0
0
–
PBT after EO
140.05
91.22
53.53
507.52
360.51
40.78
Taxation
36.29
24.12
50.46
131.51
90.86
44.74
PAT
103.76
67.1
54.63
376.01
269.65
39.44
Minority Interest (MI)
0
0
–
-0.01
0.1
LP
Net profit
103.76
67.1
54.63
376.02
269.55
39.50
P/(L) from discontinued operations net of tax
0
0
–
0
0
–
Net profit after discontinued operations
103.76
67.1
54.63
376.02
269.55
39.50
EPS (Rs)*
11.52
7.45
54.63
41.73
29.92
39.50
* EPS is on current equity of Rs 18.02 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
Quarter ended
Year ended
% of (Total)
202206
202106
Var.(%)
% of (Total)
202203
202103
Var.(%)
Sales
Segment-Cables
86.88
1,420.57
884.43
60.62
82.33
5,122.68
3,574.26
43.32
Segment-Stainees Steel Wire
3.73
61.00
47.80
27.61
3.63
225.94
141.65
59.50
Segment-EPC projects
9.39
153.59
137.85
11.42
14.04
873.49
976.70
-10.57
Total Reported Sales
100.00
1,635.16
1,070.08
52.81
100.00
6,222.11
4,692.61
32.59
Less: Inter segment revenues
69.75
53.03
31.53
495.56
511.08
-3.04
Net Sales
100.00
1,565.41
1,017.05
53.92
100.00
5,726.55
4,181.54
36.95
PBIT
Segment-Cables
91.06
127.36
94.71
34.48
83.57
486.36
409.47
18.78
Segment-Stainees Steel Wire
2.17
3.04
2.99
1.64
2.34
13.63
8.39
62.60
Segment-EPC projects
6.76
9.46
12.47
-24.14
14.09
81.98
90.74
-9.65
Total PBIT
100.00
139.86
110.17
26.95
100.00
581.97
508.59
14.43
Less : Interest
9.23
11.42
-19.17
40.39
57.31
-29.52
Add: Other un-allcoable
9.41
-7.54
LP
-34.05
-90.78
62.49
PBIT Margin(%)
Segment-Cables
8.97
10.71
-174.31
9.49
11.46
-196.19
Segment-Stainees Steel Wire
4.98
6.26
-127.37
6.03
5.92
11.50
Segment-EPC projects
6.16
9.05
-288.66
9.39
9.29
9.50
PBT
100.00
140.05
91.22
53.53
100.00
507.53
360.51
40.78
KEI Industries : Standalone Results
Quarter ended
Year ended
Particulars
202206
202106
Var.(%)
202203
202103
Var.(%)
Net Sales (including other operating income)
1,565.41
1,017.56
53.84
5,726.55
4,181.49
36.95
OPM (%)
10.20
11.18
-98 bps
10.28
10.89
-61 bps
OP
159.64
113.72
40.38
588.68
455.47
29.25
Other Inc.
3.53
2.78
26.98
14.89
20.06
-25.77
PBIDT
163.17
116.50
40.06
603.57
475.53
26.93
Interest
9.23
11.42
-19.18
40.39
57.31
-29.52
PBDT
153.94
105.08
46.50
563.18
418.22
34.66
Depreciation
13.88
13.85
0.22
55.45
57.81
-4.08
PBT
140.06
91.23
53.52
507.73
360.41
40.88
PBT before EO
140.06
91.23
53.52
507.73
360.41
40.88
EO Income
0
0
–
0
0
–
PBT after EO
140.06
91.23
53.52
507.73
360.41
40.88
Taxation
36.29
24.12
50.46
131.51
90.86
44.74
PAT
103.77
67.11
54.63
376.22
269.55
39.57
P/(L) from discontinued operations net of tax
0
0
–
0
0
–
Net profit after discontinued operations
103.77
67.11
54.63
376.22
269.55
39.57
EPS (Rs)*
11.52
7.45
54.63
41.75
29.92
39.57
* EPS is on current equity of Rs 18.02 crore, Face value of Rs 2, Excluding extraordinary items.
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