KEI Industries surges on reporting 21% rise in Q4 net profit

KEI Industries is currently trading at Rs. 439.10, up by 22.05 points or 5.29% from its previous closing of Rs. 417.05 on the BSE.

The scrip opened at Rs. 423.00 and has touched a high and low of Rs. 451.95 and Rs. 423.00 respectively. So far 46296 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 494.80 on 30-May-2018 and a 52 week low of Rs. 248.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 451.95 and Rs. 382.00 respectively. The current market cap of the company is Rs. 3475.88 crore.

The promoters holding in the company stood at 45.93%, while Institutions and Non-Institutions held 29.94% and 24.14% respectively.

KEI Industries has reported a rise of 20.92% in its net profit at Rs 59.93 crore for the quarter ended March 31, 2019 as compared to Rs 49.56 crore for the same quarter in the previous year. Total income of the company increased by 22.59% at Rs 1,262.48 crore for quarter under review as compared to Rs 1,029.81 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the company has posted a rise of 25.81% in its net profit at Rs 181.87 crore as compared to Rs 144.56 crore for the previous year. Total income of the company increased 20.78% at Rs 4,234.15 crore for year under review as compared to Rs 3,505.72 crore for the year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 24.84% in its net profit at Rs 180.75 crore as compared to Rs 144.78 crore for the previous year. Total income of the company increased by 20.66% at Rs 4,238.17 crore for year under review as compared to Rs 3,512.41 crore for the year ended March 31, 2018.

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