KEI Industries Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 23, 2016 at 06:57 am
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KEI Industries Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported total income from operations of INR 5,592.88 million against INR 4,987.68 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 544.98 million against INR 456.36 million a year ago. Profit from ordinary activities before tax was INR 233.38 million against INR 138.69 million a year ago. Net profit was INR 148.58 million against INR 89.12 million a year ago. Earnings per diluted share were INR 1.87 against INR 1.15 a year ago.
For the nine months, the company reported total income from operations of INR 16,892.38 million against INR 13,964.69 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,561.48 million against INR 1,194.06 million a year ago. Profit from ordinary activities before tax was INR 628.33 million against INR 332.31 million a year ago. Net profit was INR 419.19 million against INR 217.19 million a year ago. Earnings per diluted share were INR 5.37 against INR 2.81 a year ago.
KEI Industries Limited is an India-based manufacturer of wires and cables. The Company's segments include Cables and Wires, Stainless Steel Wire, and Engineering, Procurement and Construction (EPC) Projects. Cables and Wires segment is engaged in the manufacturing, sale and marketing of all range of power cables, such as low tension (LT), high tension (HT) and extra high voltage (EHV), control and instrumentation cables, specialty cables, elastomeric/rubber cables, flexible and house wires, and winding wires. Stainless Steel Wire segment comprises manufacturing, sale and job work related to stainless steel wires. EPC Projects segment comprises of design, engineering, supply, erection, testing and commissioning of high voltage and extra high voltage underground cabling projects from 33 kV to 400 kilovolt (KV), substations (AIS & GIS) on turnkey basis up to 400 KV and conversion of overhead line to underground line for complete town including HT and LT distribution system, among others.