Q1 2025 KEI Industries Ltd Earnings Call Transcript
Key Points
- KEI Industries Ltd (BOM:517569) reported a 15.7% increase in net sales for Q1 FY25, reaching INR 2060.5 crore compared to INR 1780.53 crore in the same period last year.
- EBITDA grew by 24.55% to INR 232.41 crore, with an EBITDA margin improvement from 10.48% to 11.28%.
- Profit after tax increased by 23.77% to INR 150.25 crore, with a net profit margin rising from 6.82% to 7.29%.
- The company saw a 29% growth in its distribution network sales, contributing 53% to the total sales in Q1 FY25.
- KEI Industries Ltd (BOM:517569) has a strong order book of INR 3,590 crore, including significant contributions from domestic and export markets.
- Export sales declined by 24% to INR 233 crore due to logistical issues, although the company expects to make up for this shortfall in the next quarter.
- The stainless steel wire division saw a decrease in sales from INR 58 crore to INR 53 crore compared to the same period last year.
- The company is facing challenges in the timely dispatch of export orders due to customer delays in container placements.
- Despite overall growth, the EHP EPC segment is expected to remain flat on a year-over-year basis.
- There is a significant reliance on the domestic market for dealer-distributor sales, with no current plans to develop a distributor network for exports.
Ladies and gentlemen, good day, and welcome to key Industries Q1 FY25 earnings conference call hosted by Monarch Networth. (Operator Instructions)
Please note that this conference is being recorded.
I now hand the conference over to Mr. Rahul Dani from Monarch Networth Capital. Thank you and over to you sir.
Yeah, hi. Thank you, Manav, and good afternoon, everyone. And on behalf of Monarch Networth Capital, we're delighted to host the senior management of KEI Industries, we have with us Mr. Anil Gupta, Chairman and Managing Director of the company, and Mr. Rajeev Gupta, CFO of the company. We will start the call with opening remarks from the management and then move to Q&A. Thank you and over to you, sir.
So, good morning, everyone, and welcome to this conference call. And I'm Anil Gupta, Chairman and Managing Director, KEI
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