KEI Industries Q1 FY22 Net Profit Up 71%, EPC Business Down 22% YoY
KEI Industries Ltd., one of the leading Indian manufactures of wires and cables has announced its financial results for quarter ended 30th June 2021.
KEI’s Standalone Financials of Q1 FY21 v/s Q1 FY22
KEI Industries revenue from operations rose 36.52% to Rs 1,017.56 crore in the quarter ended June 2021 as against Rs 745.35 crore during the previous quarter ended June 2020.
Net profit of KEI Industries spiked 71.04% to Rs 67.10 crore in the quarter ended June 2021 as against Rs 39.23 crore during the previous quarter ended June 2020.
EBITDA stands at Rs. 116.48 crore in June 2021 up 44.03% from Rs. 80.87 crore in June 2020.
KEI Industries Segment-Wise Revenue
Cables Business: Revenue from total wire and cable business of KEI has increased by 4.2 % to Rs 884.4 crore in Q1 FY22 as compared to Rs. 848.2 crore in Q1 FY21.
Stainless Steel Wire Business: Sales for KEI’s Steel wires business have gone up by 130 % to Rs 47.7 crore in Q1 FY22 as compared to Rs. 20.7 crore in Q1 FY21.
EPC Projects Business: The sales through EPC has gone down by 21.9 % to Rs 137.6 crore in Q1 FY22 as compared to Rs. 176.3 crore in Q1 FY21.
About KEI Industries Ltd.: KEI Industries Limited is engaged in the business of Manufacturing and Marketing Power Cables-Extra High Voltage (EHV), High Tension and Low Tension, Control and Instrumentation Cables, Specialty Cables, Rubber Cables, Flexible And House Wires, Submersible Cables, PVC/Poly Wrapped Winding Wires and, Stainless Steel Wires. KEI has its manufacturing units in Bhiwadi, Chopanki, Pathredi and Silvassa.