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.