KEI Industries reported fall of 15.95% in top line sales for the Sep-20 quarter at Rs1,036.94cr. While the sales did dip sharply in the Jun-20 quarter due to social distancing, the bounce in the Sep-20 quarter has taken their sales to 80% of pre-COVID levels.
The operating profits for the quarter ended Sep-20 was 4% lower on a yoy basis at Rs104.12cr. The net profits for the Sep-20 quarter were lower by 10.3% at Rs68.18cr on the back of a higher tax cost of nearly Rs25cr in the current quarter.
This had an overall impact on the margins of KEI Industries. For the Sep-20 quarter, the operating profit margins or OPM was up by 125 bps at 10.04%. However, the net profit margins or NPM was up by just about 42 bps at 6.58% due to higher tax impact.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
KEI Industries |
|
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
1,036.94 |
1,233.70 |
-15.95% |
745.35 |
39.12% |
|
Operating Profit |
104.12 |
108.46 |
-4.00% |
57.68 |
80.51% |
|
Net Profits |
68.18 |
76.01 |
-10.30% |
36.23 |
88.19% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
7.50 |
9.46 |
|
3.99 |
|
|
OPM |
10.04% |
8.79% |
|
7.74% |
|
|
Net Margins |
6.58% |
6.16% |
|
4.86% |
|
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