KEI Industries Q2 Results Revenue Surges to ₹2,279.65 Crores

KEI Industries Quarterly Overview

KEI Industries Q2 Results: In the second quarter of fiscal year 2024, KEI Industries showed strong financial performance. The total revenue reached ₹2,279.65 crores, which is an increase compared to ₹1,782.57 crores in the previous quarter (June 2023) and ₹1,946.58 crores from the same quarter last year (September 2023). This indicates that the company is growing and making more money from its operations.

KEI Industries’ selling, general, and administrative expenses also rose to ₹74.34 crores from ₹64.98 crores last quarter and ₹66.20 crores last year, suggesting increased spending on business operations. Depreciation and amortization expenses increased slightly to ₹16.33 crores, which is higher than the previous quarter and last year, showing the company is investing in assets.

KEI Industries’ Total operating expenses were ₹2,075.38 crores, up from ₹1,618.96 crores last quarter and ₹1,758.28 crores last year. However, despite the rising expenses, operating income improved to ₹204.27 crores, which is a good sign.

KEI Industries’ Net income before taxes was ₹207.87 crores, leading to a net income of ₹154.81 crores. This is a significant rise from ₹121.38 crores last quarter. The diluted normalized earnings per share (EPS) also increased to ₹17.13 from ₹13.43, indicating that shareholders are benefiting from the company's growth. 

Here are the Q2 results for KEI Industries presented in a clear table format:

Source: Here 

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KEI Industries Q2 Results

KEI Industries table shows the unaudited standalone financial results for KEI Industries for the quarter and half-year ended September 30, 2024. In the second quarter, the company earned ₹22,796.48 million from its operations, which is an increase compared to the previous quarter's ₹20,604.97 million and the same quarter last year, ₹19,449.07 million. Total income, which includes other income, reached ₹22,965.73 million, up from ₹20,783.43 million in the previous quarter.

KEI Industries’ expenses were ₹20,887.03 million, with the largest costs coming from materials consumed and employee benefits. Despite these costs, KEI Industries reported a profit before tax of ₹2,078.70 million, slightly higher than the previous quarter. After deducting taxes, the net profit for the quarter was ₹1,548.12 million, showing solid performance. The company also reported other comprehensive income, bringing the total comprehensive income for the quarter to ₹1,548.84 million.

Here's a simplified presentation of the unaudited standalone financial results for the quarter and half year ended September 30, 2024.

(Rs. in Million)

KEI Industries Financial Performance

KEI Industries is a well-known company in India that focuses on making and selling wires and cables. The company's market cap, which shows its total value, is ₹ 39,742 crore. Currently, the price of its stock is ₹ 4,402. The stock has reached a high of ₹ 5,040 and a low of ₹ 2,317 in the past. It has a Price-to-Earnings (P/E) ratio of 63.6, indicating how much investors are willing to pay for each unit of profit. The book value is ₹ 383, and it offers a small dividend yield of 0.07%. 

Here’s the information you provided in a clear and simple table format:

Quarterly Results 

In the quarterly results for KEI Industries, March 2024 showed strong performance with sales of 2,319 crores and a net profit of 169 crores. The company achieved an operating profit of 245 crores, resulting in an operating profit margin of 11%. However, in June 2024, sales fell to 2,060 crores, and net profit decreased to 150 crores. Despite this drop, operating profit remained healthy at 215 crores. 

Here’s a focused summary of the quarterly results for March 2024, June 2024, and September 2024:

About KEI Industries 

KEI Industries was founded in 1968 and started by making rubber cables for home wiring. Over the years, it has grown into a large company that offers a wide range of wire and cable solutions around the world. Today, KEI serves clients in over 55 countries through a network of more than 30,000 partners. The company is based in New Delhi and has 38 branch offices and 23 warehouses across India, employing around 5,385 people.

KEI makes various types of cables, including Extra-High Voltage (EHV), Medium Voltage (MV), and Low Voltage (LV) power cables. It is a leader in the industry, providing services not just for retail customers but also for large projects in engineering, procurement, and construction (EPC). KEI is committed to innovation and quality, ensuring it meets the needs of clients in sectors like power utilities and infrastructure development. Its shares are listed on major stock exchanges in India and abroad.