KEI Industries conducted Q2 FY23 con call on 21 October 2022
Here are the key highlights of the call 👇👇👇
Here are the key highlights of the call 👇👇👇
• Overview
- India rating in research has been upgraded to AA from -A for long term bank facility & A1+ rating for short term bank facility
- Co. expect a good Industrial outlook in energy & infra due increased government incentives in these sectors
- India rating in research has been upgraded to AA from -A for long term bank facility & A1+ rating for short term bank facility
- Co. expect a good Industrial outlook in energy & infra due increased government incentives in these sectors
- Uptick in real estate has increased demand for wire & cable
- Co. follow three way approach increasing dealer distribution, increasing retailers distribution & increasing sales of retailers
- Co. is increasing contribution in eastern side
- Co. follow three way approach increasing dealer distribution, increasing retailers distribution & increasing sales of retailers
- Co. is increasing contribution in eastern side
• Financials
- Growth in net sales is 18.18% YoY
- Overall institutional growth is 15%
- Reduction in EHV sales is mainly because of non-clearances of certain orders from utilities & delay in inspection
- Total cable institutional sale B2B contribution is 23%
- Growth in net sales is 18.18% YoY
- Overall institutional growth is 15%
- Reduction in EHV sales is mainly because of non-clearances of certain orders from utilities & delay in inspection
- Total cable institutional sale B2B contribution is 23%
- However, B2C cable institutional sale growth is 31%
- Finance cost has been reduced to 0.53%
- Volume growth is close to 25% in H1
- Brown field capex in H1 was 26 cr
- Channel financing is 55% of dealer distribution
- Exports business is 74% up from last year
- Finance cost has been reduced to 0.53%
- Volume growth is close to 25% in H1
- Brown field capex in H1 was 26 cr
- Channel financing is 55% of dealer distribution
- Exports business is 74% up from last year
Loading suggestions...