Q4FY17 Results: KEI Industries

KEI Industries posts strong Q4FY17 results

KEI Industries Ltd. reported its results for the quarter ended March 31, 2017 today.

The company's total sales for Q4FY17 came in at Rs 739.8 crore, which represents a 3.3 per cent sequential increase and 19.75 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 66 crore and its EBIT margin stood at 8.92 per cent.

The company reported PAT of Rs 31.6 crore, which represents a sequential QoQ increase of 16.61 per cent and a YoY increase of 56.44 per cent.

The board of directors of the company has recommended a dividend of Rs. 0.60 per equity share of Rs. 2 face value.

In today’s trading session, KEI rose 3.2 per cent from its previous close of Rs 227.40 and closed for the day at Rs. 234.7

KEI Industries Limited is engaged in the manufacture and supply of power and other industrial cables. It is engaged in engineering, procurement and construction (EPC) business. It offers fire survival cables, zero halogen cables, braided cables, solar cable, marine and offshore cables, and single or multi-core flexible wires.