KEC International Ltd. Q4 FY11 consolidated net profit surged 25.04%

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KEC International Ltd. Q4 FY11 consolidated net profit surge
KEC International Ltd. announced its consolidated audited financial results for the fourth quarter ending March 31, 2011 on Friday.

The company recorded a net profit of Rs. 785.8 million for the same period as compared to net profit of Rs. 628.4 million reported during the corresponding period in 2010. This is equivalent to a growth of 25.04%.

Considering the twelve month period from April - March 2011 into account, the value of the net profit stood at Rs. 2,056.5 million, as against the value of Rs. 1,896.6 million reported during the corresponding period. While, net sales of the company during the quarter ending March 31, 2011 stood at Rs. 15,573.6 million, as compared to Rs. 13,564.4 million for corresponding quarter of 2010, i.e. a growth of 14.81% for fourth quarter.

Considering the twelve month period from April -March 2011, into consideration, net income was reported as Rs. 44,741.6 million, i.e. a growth of about 14.50% over the corresponding value of Rs. 39,072.3 million for the year ago period. Moreover, the consolidated EPS of the company during the twelve months i.e. from April - March 2011, increased to Rs. 8.00 as against Rs. 7.66 in the year ago period of 2010.

On the standalone front, the company recorded a net profit of Rs. 599.7 million for the same period as compared to net profit of Rs. 544.2 million reported during the corresponding period in 2010. This is equivalent to a growth of 10.19%. Considering the twelve month period from April - March 2011 into account, the value of the net profit stood at Rs. 1,470.9 million, as against the value of Rs. 1,709.9 million reported during the corresponding period.

While, the net sales of the company during the quarter ending March 31, 2011 stood at Rs. 13,197.1 million, as compared to Rs. 13,445.5 million for corresponding quarter of 2010, i.e. a decline of 1.8% for fourth quarter.

Considering the twelve month period from April-March 2011, into consideration, the value for the net sales was reported at Rs. 39,627.8 million, i.e. a growth of about 2.2% over the corresponding value of Rs. 38,772.4 million for the year ago period.

Moreover, the standalone EPS of the company during the twelve months i.e. from April - March 2011, decreased to Rs. 5.72 as against Rs. 6.91 in the year ago period of 2010. KEC International Ltd Board of Directors at its meeting held on May 06, 2011, inter alia, have recommended a Dividend of Re. 1.20/- per equity share of Rs. 2/- each for the year ended March 31, 2011, subject to approval of shareholders.

On the Bombay stock exchange (BSE), the shares of the company (on 6th May, 2011) were trading down by 1.88% at Rs. 80.90 on the BSE (at 14.40 P.M). The scrip has touched an intraday high of Rs. 84.25 and a low of Rs. 80.55 so far.

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