 "KEI Industries hits 52-week high on robust Q1 results")
KEI Industries has rallied by 5% to Rs 116 on the BSE in an otherwise subdued market after the company reported robust 234% year-on-year (YoY) growth in net profit at Rs 11.7 crore for the first quarter ended June 30, 2015 (Q1) on the back of strong sales.
The company, engaged in the cables business, had posted a profit of Rs 3.50 crore in the year-ago quarter. It had reported a net profit of Rs 34.20 crore in the entire previous financial year 2014-15.
Total income in the quarter increased by 32% at Rs 518 crore against Rs 393 crore in the corresponding quarter of previous fiscal.
Operating profit rose 44% YoY at Rs 54.7 crore, while EBITDA (earnings before interest, tax, depreciation and amortisation) margin improved to 10.56% from 9.66%.
The stock hit a 52-week high of Rs 118 on the BSE and has seen a combined 2.12 million shares changing hands on the counter on the BSE and NSE till 10:44 AM.
Meanwhile, thus far in 2015, the stock has appreciated by more than 100% from Rs 48.35 as on December 31, 2014, compared to a 3% rise in the S&P BSE Sensex.
The company, engaged in the cables business, had posted a profit of Rs 3.50 crore in the year-ago quarter. It had reported a net profit of Rs 34.20 crore in the entire previous financial year 2014-15.
Total income in the quarter increased by 32% at Rs 518 crore against Rs 393 crore in the corresponding quarter of previous fiscal.
Operating profit rose 44% YoY at Rs 54.7 crore, while EBITDA (earnings before interest, tax, depreciation and amortisation) margin improved to 10.56% from 9.66%.
The stock hit a 52-week high of Rs 118 on the BSE and has seen a combined 2.12 million shares changing hands on the counter on the BSE and NSE till 10:44 AM.
Meanwhile, thus far in 2015, the stock has appreciated by more than 100% from Rs 48.35 as on December 31, 2014, compared to a 3% rise in the S&P BSE Sensex.
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