Q2 Results Updates: KEI Industries Profit Rises 10%; Rallis India Revenue Rises 12%
PVR Inox posted a loss of Rs 11.8 crore, compared to an estimated profit of Rs 28 crore.
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Single core and multi core flexible cables manufactured by KEI Industries Ltd.
(Image Source: Company website).
KEI Industries To Raise Up To Rs 2,000 Crore
KEI Industries board on Tuesday approved fund raise of Rs 2,000 crore through Qualified Institutions Placement. This is subject to approval from shareholders.
KEI Industries Profit Rises 10%
Revenue up 17.2% to Rs 2,279.64 crore versus Rs 1,944.91 crore.
Net Profit up 10% to Rs 154.81 crore versus Rs 140.21 crore.
Ebitda up 9% to Rs 220.60 crore versus Rs 202.19 crore.
Margin at 9.7% versus 10.4%.
Rallis India Net Profit Jumps 20%
Revenue up 11.5% to Rs 928 crore versus Rs 832 crore.
Net Profit up 20% to Rs 98 crore versus Rs 82 crore.
Ebitda up 25% to Rs 166 crore versus Rs 133 crore.
Margin at 17.9% versus 16.0%.
KEI Industries Shares Closes Higher Before Earnings
The shares of KEI Industries closed higher on Tuesday. The shares rose as much as 3.18% during the day to Rs 4,725 apiece on the NSE. The stock closed 2.43% higher at Rs 4,690.65 per share. This compares with a 0.28% decline in the benchmark Nifty 50. It has risen 74.73% in the last 12 months and 46.92% year-to-date.
DB Corp Q2 Earning Key Highlights (Cons, YoY)
Revenue falls 4.61% to Rs 559 crore versus Rs 586 crore.
Ebitda falls 20.37% to Rs 120.69 crore versus Rs 151.57 crore.
Ebitda margin down 427 bps at 21.59% versus 25.86%.
Net profit down 17% at Rs 83 crore versus Rs 100 crore.
