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KEI Industries Q4 Results: Profit, revenue show healthy growth with share price in the green
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
The earnings before interest, taxes, depreciation, and amortisation or EBITDA stood at ₹244.5 crore, a 21% increase over ₹202.1 crore in the fourth quarter of FY23. The KEI Industries stock has gained 25.28% in 2024 so far.
KEI Industries reported its financial results for the fourth quarter on Thursday, May 2. The company reported a profit of ₹168.5 crore during the quarter ended March 2024, up 22.1% from ₹138 crore in the year-ago period. Revenue rose 18.8% to ₹2,319.2 crore from ₹1,952.9 crore in the preceding year.
The earnings before interest, taxes, depreciation, and amortisation or EBITDA stood at ₹244.5 crore, a 21% increase over ₹202.1 crore in the fourth quarter of FY23. The company’s EBITDA margin increased from 10.4% to 10.5% year-on-year.
The company reported the results after market hours. The shares of KEI Industries ended in the green on Thursday, up for the second straight session. The stock has gained 25.28% in 2024 so far.
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