DSIJ Mindshare

The company reported amazing results in both quarterly results and annual results. In FY23, net sales increased by 17.14 per cent to Rs 1,83,340.70 crore and net profit increased by 22.70 per cent to Rs 12,624.87 crore compared to FY22.

Astonishingly, the PAT surged 277.87 per cent from March 2022 quarter to report Rs 427 crore. 

The order book position of the company as of April 1, 2023 stood at Rs 60,690 crore. Including the above orders, the company’s current order book stands at Rs 66,590 crore. Furthermore, the company declared a final dividend of Rs 0.60 per equity share (having a face value of Rs 1 each) on the enhanced share capital of the company post- bonus issue on Sept 15, 2022.

According to the financials, KEI Industries has a market cap of over Rs 21,000 crore. The net sales increased by 9.10 per cent to Rs 1,955 crore and net profit increased by 19 per cent to Rs 138 crore in Q4FY23 over Q4FY22. The net sales increased by 20.70 per cent to Rs 6,921 crore and net profit increased by 26.86 per cent to Rs 477 crore in FY23 over FY22.

On Thursday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.45 per cent at 63,238.89 and the NSE Nifty-50 Index down 0.45 per cent at 18,771.25.