HomeMarket NewsStocks NewsKEI Industries Q1 Results | Net profit rises 24% to ₹150 crore, revenue up 16% to ₹2,060 crore
Shares of KEI Industries Ltd ended at ₹4,324.10, down by ₹30.95, or 0.71% on the BSE.
KEI Industries Ltd on Monday (July 29) reported a 23.8% year-on-year (YoY) rise in net profit at ₹150.2 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, KEI Industries posted a net profit of ₹121 crore, the company said in a regulatory filing.
The company’s revenue from operations increased 15.7% to ₹2,060.4 crore as against ₹1,780.5 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rose 21.8% to ₹214.4 crore in the first quarter of this fiscal over ₹176 crore in the corresponding period in the previous fiscal.
EBITDA margin stood at 10.4% in the reporting quarter as compared to 9.9% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
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In Q1 FY25, KEI Industries reported a domestic institutional wire and cable sale of ₹574 crore, up from ₹493 crore in the previous year. Domestic institutional EHV cable sales stood at ₹79 crore, compared to ₹49 crore in the prior year.
Total institutional cable and wire sales, including exports, contributed 38.97% in Q1 FY25, down from 43.80% in Q1 FY24. Total domestic institutional sales increased by 20.66% year-over-year in Q1 FY25, while total institutional sales, including exports, saw an approximate 3.00% year-over-year increase.
The company’s pending order is approximately ₹3,590 crore. The results came after the close of the market hours. Shares of KEI Industries Ltd ended at ₹4,324.10, down by ₹30.95, or 0.71% on the BSE.
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First Published:
Jul 29, 2024 11:27 PM
IST
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