20 Jun 2019 | 3:53 PM

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COMPANYNEWS
KEI Industries Q4 net profit up 20.92% at Rs 59.93 cr
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Published on 05-22-2019
The company reported standalone net profit of Rs 59.93 crore for the quarter ended March 31 2019 as compared to Rs 49.56 crore in the same period last year registering a year-on-year growth of 20.92 per cent.


Net revenue of the company rose substantially by 22.16 per cent at Rs 1258.79 crore in January-March quarter of this fiscal as against Rs 1030.42 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 20.64 per cent to Rs 1121.23 crore from Rs 929.38 crore in year ago period.


Other Income grew by 704.92 per cent at Rs 3.69 crore versus (Mar`18 Rs -0.61 crore).


Operating Profit surged by 36.14 per cent to Rs 137.56 crore as against Rs 101.04 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 11.42 per cent in March quarter.


Interest grew by 46.72 per cent y-o-y to Rs 42.30 crore while Taxation increased by 115.92 per cent at Rs 30.38 crore (Mar`18 Rs 14.07 crore).