KEI Industries Limited Announces Earnings Results for Third Quarter and Nine Months Ended December 31, 2013
January 29, 2014 at 01:15 pm
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KEI Industries Limited announced earnings results for third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales income from operations of INR 4,059.6 million, total income from operations of INR 4,110.131 million, profit from operations before other income, interest and exceptional items of INR 358.567 million, profit from ordinary activities before tax of INR 80.362 million, net profit of INR 48.573 million or INR 0.63 per diluted share after extraordinary items compared to the net sales income from operations of INR 3,637.359 million, total income from operations of INR 3,690.182 million, profit from operations before other income, interest and exceptional items of INR 363.09 million, profit from ordinary activities before tax of INR 103.921 million, net profit of INR 58.171 million or INR 0.83 per diluted share after extraordinary items for the same quarter a year ago.
For the year to date, the company reported net sales income from operations of INR 11,376.948 million, total income from operations of INR 11,516.182 million, profit from operations before other income, interest and exceptional items of INR 933.082 million, profit from ordinary activities before tax of INR 138.919 million, net profit of INR 73.277 million or INR 0.98 per diluted share after extraordinary items compared to the net sales income from operations of INR 11,885.75 million, total income from operations of INR 12,026.972 million, profit from operations before other income, interest and exceptional items of INR 1,148.602 million, profit from ordinary activities before tax of INR 326.443 million, net profit of INR 201.078 million or INR 2.95 per diluted share after extraordinary items for the same period 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.