Q2 Results Updates: KEI Industries Profit Rises 10%; Rallis India Revenue Rises 12%

KEI Industries board on Tuesday approved fund raise of Rs 2,000 crore through Qualified Institutions Placement. This is subject to approval from shareholders.

• 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%.

• 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%.

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.

• 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.

• Net profit up 32% At Rs 577 crore versus Rs 437 crore.

• Total income up 38% At Rs 1,058 crore versus Rs 765 crore.

• Net profit up 15% at Rs 433 crore versus Rs 377 crore (YoY).

• Net premium income up 12% at Rs 16,570 crore versus Rs 14,756 crore (YoY).

• Solvency ratio at 181% versus 186% (QoQ).

• 13th month persistency falls to 82.5% from 84% (YoY).

• Value of new business up 17% at Rs 938 crore (YoY).

• Value of new business margin at 24.3% versus 25.1% (QoQ)

• Revenue rose 15% to Rs 361 crore compared to Rs 315 crore

• EBIT rose 88% to Rs 75 crore compared to Rs 40 crore

• EBIT Margin rose 810 basis points to 20.8% compared to 12.7%

• Net Profit rose 48% to Rs 70 crore compared to Rs 48 crore

• Net Profit rises 44% to Rs 1,327 crore versus Rs 920 crore (YoY).

• NII rises 15% to Rs 2,807 crore versus Rs 2,432 crore (YoY).

• Gross NPA At 1.84% versus 1.85% (QoQ).

• Net NPA flat at 0.2% (QoQ).

• Revenue down 18.9% at Rs 1,622 crore versus Rs 2,000 crore. (Bloomberg estimate: Rs 1,634 crore)

• Ebitda falls 32.2% to Rs 479 crore versus Rs 707 crore. (Bloomberg estimate: Rs 490 crore)

• Ebitda margin At 29.5% versus 35.3% (Bloomberg estimate: 30%)

• Net loss of Rs 11.8 crore versus Rs 166 crore net profit. (Bloomberg estimate: Rs 28 crore.)

HDFC Asset Management Co., HDFC Life Insurance Co., and KEI Industries Ltd. are among the top companies that will announce their second-quarter results on Tuesday.

Other companies, including Coromandel Agro Products & Oils Ltd., Darshan Orna Ltd., DB Corp., DMR Hydroengineering & Infrastructures Ltd., GM Polyplast Ltd., Gujarat Hotels Ltd., Lactose India Ltd., Bank of Maharashtra, Morarka Finance Ltd., and MRP Agro Ltd., will also report their earnings for the second quarter on Tuesday.

The following firms are also scheduled to release their second-quarter earnings on Tuesday: Newgen Software Technologies Ltd., Premium Capital Market & Investments Ltd., Rallis India Ltd., RO Jewels Ltd., SG Finserve Ltd., Universal Arts Ltd., Transchem Ltd., Teamo Productions HQ Ltd., Sybly Industries Ltd., Stylam Industries Ltd., and Sita Enterprises Ltd.