KEI Industries reports stellar performance

KEI Industries registered robust growth in revenue by registering 29.7 per cent yoy to Rs. 1030.4 crore. This was due to 24 per cent yoy growth in the cable segment (73 per cent of total revenue) and 41 per cent yoy growth in the turnkey project (22.5 per cent of total revenue).

EBITDA for the quarter rose by 38.7 per cent yoy to Rs. 101 crore with a corresponding margin expansion of 64 bps. EBITDA margin for the quarter stood at 9.8 per cent.

The PAT for the quarter came in at Rs. 49.5 crore, yoy increase of 40.6 per cent.

In terms of full year 2017-18, the revenue surge 29.7 per cent yoy to Rs. 1,030 crore. EBITDA for the period rose 38.7 per cent yoy to Rs. 101 crore with corresponding margin expansion of 60 bps. EBITDA margin for FY18 stood at 9.7 per cent. Net profit spikes 54.1 per cent yoy to Rs. 145 crore.

However, the stock of KEI Industries in Friday’s trading session remained flat to negative and at 11.07 a.m. the stock was trading at 433.5, down by 0.93 per cent.