KEI Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
July 26, 2022 at 08:37 am EDT
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KEI Industries Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 15,654.12 million compared to INR 10,175.63 million a year ago. Revenue was INR 15,689.42 million compared to INR 10,203.4 million a year ago. Net income was INR 1,037.6 million compared to INR 671.03 million a year ago. Basic earnings per share from continuing operations was INR 11.52 compared to INR 7.47 a year ago. Diluted earnings per share from continuing operations was INR 11.47 compared to INR 7.41 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.