KEI Industries Profit up by 66 Per Cent In Sept Quarter

KEI Industries, engaged in the cables business, has rallied by 6 per cent to Rs 108.1 on the BSE after the company reported 66 per cent jump in quarterly net profit.

The company has reported a net profit of Rs 15.36 crore for the quarter ending September 30, 2015; an increase of 66 per cent, as compared to Rs 9.26 crore for the quarter ending September 30, 2014.

Total operating income in the quarter increased by 21.14 per cent at Rs 611.6 crore as against Rs 504.8 crore in the corresponding quarter of previous fiscal.

Operating profit rose 22.6 per cent YoY at Rs 59.2 crore, while EBITDA (earnings before interest, tax, depreciation and amortisation) margin marginally improved to 9.67 per cent from 9.56 per cent.

In its turkey segment, the company's sales were exceptionally high by 78.9 per cent to Rs 145.9 crore where as in the cables segment sales grew by 11.75 per cent to Rs 496 crore in Q2FY16.

For six months, ending September 30, 2015, the company’s net profit at Rs 27.1 crore, rose by 111.3 per cent Y-o-Y. The company's revenue at Rs 1,130 crore registered growth of 25.9 per cent Y-o-Y.

As on September 30, 2015, the total debt stands at around Rs 441.33 crore i.e. debt to equity ratio is 1.33x.

So far in 2015, the stock has appreciated by more than 100 per cent from Rs 48.35 as on December 31, 2014, compared to a 4 per cent fall in the S&P BSE Sensex.