KEI Industries Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 24, 2018 at 05:47 pm IST
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KEI Industries Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported sales/income from operations of INR 8,886.6 million compared to INR 7,647.65 million for the last year. Profit before exceptional items and extraordinary items and tax was INR 582.64 million compared to INR 380.92 million for the last year. Profit before tax was INR 582.64 million compared to INR 380.92 million for the last year. Net profit was INR 390.25 million or INR 4.91 per diluted share compared to INR 258.96 million or INR 3.26 per diluted share for the last year. EBITDA was INR 916.2 million against INR 772.1 million a year ago.
For the nine months, the company reported sales/income from operations of INR 24,660.01 million compared to INR 20,381.91 million for the last year. Profit before exceptional items and extraordinary items and tax was INR 1,405.30 million compared to INR 844.22 million for the last year. Profit before tax was INR 1,405.30 million compared to INR 844.22 million for the last year. Net profit was INR 950.00 million or INR 11.95 per diluted share compared to INR 585.35 million or INR 7.36 per diluted share for the last year. EBITDA was INR 2,472.7 million against INR 1,993.4 million a year ago.
KEI Industries Limited is an India-based manufacturer of wires and cables. The Company's segments include Cables and Wires, Stainless Steel Wire, and Engineering, Procurement and Construction (EPC) Projects. Cables and Wires segment is engaged in the manufacturing, sale and marketing of all range of power cables, such as low tension (LT), high tension (HT) and extra high voltage (EHV), control and instrumentation cables, specialty cables, elastomeric/rubber cables, flexible and house wires, and winding wires. Stainless Steel Wire segment comprises manufacturing, sale and job work related to stainless steel wires. EPC Projects segment comprises of design, engineering, supply, erection, testing and commissioning of high voltage and extra high voltage underground cabling projects from 33 kV to 400 kilovolt (KV), substations (AIS & GIS) on turnkey basis up to 400 KV and conversion of overhead line to underground line for complete town including HT and LT distribution system, among others.