KEI INDUSTRIES LIMITED (KEI) AT THE MEETING OF ITS BOARD OF DIRECTORS HELD ON 31.10.2018 APPROVED STANDALONE UN- AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2018.

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We have seen an exciting growth in net sales (Rs.996.79 Cr) in second quarter this year registering a strong growth of approx 33% as compared to the subsequent quarter in last year (Rs.748.82 Cr). Our focus on retail business has increased in last few years and so, we had strengthened our distribution network, which is now showing a positive result and we are hopeful to achieve 35 % growth in retail segment by end of this financial year. Considering the continuous burgeoning demand, we are also working on increasing production capacity, as in the 1st Phase of LT Power Cable at our new factory in Pathredi is completed and in now 2nd Phase, HT Power Cable expansion is expected to get over by February-March 2019. With the positive demand in the market, we foresee positive growth this year as well.”

-Mr. Anil Gupta, Chairman & Managing Director- KEI Industries Limited

New Delhi, November 15,2018:

FINANCIALS

During the 2nd Quarter of FY 2018-19 Net Sales was Rs.996.79 Crore, against same quarter in previous year of Rs.748.82 Crore (net of excise adjusted), growth in Net Sales is approx. 33.11% over corresponding 2nd Quarter last year.

Operating Profit during this Quarter was Rs.100.84 Crore against same quarter in the previous year of Rs.76.25 Crore, growth in Operating Profit is approx. 32.24% over previous period.

Further, PAT during this Quarter was Rs.41.37 Crore against same quarter in the previous year of Rs. 28.50 Crore, growth in PAT is approx. 45.18% over previous period. PAT/Net Sale is 4.15% against 3.81%.

Further, EBIDTA/Net Sale this quarter was Rs 10.12% against 10.18%.

Volume growth in Cable Division in Q2 is approx. 23% as compared to previous year same period.

During the 1st half of FY 2018-19 Net Sales was Rs. 1880.69 Crore, against same period in previous year of Rs.1526.79 Crore, growth in Net Sales is approx. 23.18% over corresponding period last year.

Operating Profit during the first half was Rs.186.98 Crore against same period in the previous year of Rs.153.05 Crore, growth in Operating Profit is approx. 22.17% over previous period.

Further PAT has grown by 31.40% as against last year same period. PAT Margin has improved from 3.67% to 3.91% as against last year same period because Finance Cost has reduced from 3.75% to 3.14%.

Volume growth in Cable Division during first half is approx. 21% as compared to previous year same period.

During the 2nd Quarter & 1st Half of FY 2018-19

During the 2nd Quarter of FY 2018-19, Institutional sale (Domestic) is Rs 387 Crore against last year same period of Rs 245 Crore, out of which EHV Sale was Rs 7 Crore in this quarter against Rs 19 Crore in same period last year, because of delayed clearance of production of EHV cables from the customers. Now, from October onwards, EHV Cable production capacity will almost be fully utilised. Institutional sale (Export) is Rs 121 Crore as against Rs 137 Crore last year. So, total Institutional sales is Rs. 508 Crore in 2nd Quarter as compared to Rs. 382 Crore last year same period. Total Institutional Sale growth in this quarter was 33%.

During 1st half, Institutional sales of Cables has grown by 20% from Rs. 776 Crore to Rs. 936 Crore, Dealer Sales has grown by 45% from Rs. 440 Crore to Rs. 638 Crore as compared to same period last year.

During the 2nd Quarter of FY 2018-19 Sales through Dealer/ Distribution market was Rs.340 Crore as compared to Rs.230 Crore of last year same period. Hence, growth in Sales through Dealer / Distribution market was 48% as compared to last year same period.

The total active working dealer of the Company is approx.1300 Nos. Various major brand building exercises and electrician meets resulted in good growth in dealer distribution sales. The Company has sponsored chest logo for Rajasthan Royals in IPL season 2018. On full year basis Company is expecting more than 35% growth as compared to last year from this market.

During the 2nd Quarter of FY 2018-19 revenue from EPC division was Rs.149 Crore (apart from cable sale) against last year same period of Rs. 137 Crore. In 1st half of FY 2018-19, EPC sales was Rs 307 Crore.

Company is expected to achieve growth in the current FY 2018-19 by 18 – 20% in volume terms in Cable Division.

PENDING ORDERS

Pending order as on date is approx. Rs 3,401 Crore plus L1 Rs 540 Crore of EPC , EHV & Export as per below details.

FINANCIAL CHARGES

Financial charges of the company in 2nd Quarter of FY 2018-19 was Rs.30.48 Crore as compared to last year same period of Rs.27.38 Crore (reduced to 3.05% from 3.65% of Net sales).

Financial charges of the company in the first half of FY 2018-19 was Rs.59.14 Crore as compared to last year same period of Rs.57.33 Crore (reduced to 3.14% from 3.75% of Net sales).

EXPANSION PLANS

Pathredi : 1st Phase of LT Power Cable has already been completed and in 2nd Phase, HT Power Cable expansion will be completed by February-March 2019 with cost of Rs. 30-35 Crore which will enhance capacity of HT Power Cable by Rs. 200 Crore.

Silvassa: Recently, Company bought Land & Building with investment of Rs. 16 Crore and will enhance capacity of House Wire. In 1st Phase Company will spend another approx.. Rs. 39-44 Crore for Capacity of Rs. 300 Crore and in 2nd Phase Company will spend in next financial year Rs. 30 Crore which will add another capacity of Rs. 300 Crore for House Wire.

City Today News

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New Technique developed by Indian Doctors to Improve Treatment of Ptosis

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Surgery Imperative for Children below 5 years of Age to Prevent Permanent Visual Impairment

16, November, 2018– A new study published in the top American Journal ‘Plastic and Reconstructive Surgery’, published by the American Society of Plastic Surgeons, has shown that outcomes in ptosis or droopy eyelids can be significantly improved by modifying current surgical approaches and performing an additional procedure on the upper lid of the eye. The study conducted by eminent facial plastic surgeon Dr. Debraj Shome and researchers at The Esthetic Clinics from India also points out that commonly performed techniques may not yield results which are as good as the new technique.

The study was carried over a period of 5 years between 2011 and 2016 on 100 patients, with ptosis (droopy eyelid) in one eye, since birth. The surgeries were conducted on 2 groups of 50 patients each with only one group receiving the newly modified surgery, incorporating an eyelid crease. By incorporation of an additional lid crease incision, the modified surgery technique addressed symmetry between the eyes and enhanced medical outcomes resulting in superior aesthetic appeal and greater patient and doctor satisfaction rates.

Dr. Debraj Shome said, “While many surgeries have been performed in the past to rectify ptosis, our technique is unique as it suggests modifying the commonly performed current surgical approaches, to include a carefully crafted eyelid crease. This makes the eyelids look more symmetrical, thereby lending both eyes a more balanced look. In droopy eyelids, ptosis surgery gets the upper eyelid to be elevated and the Upper eyelid margin position is very important to grade the success of ptosis surgery. However, that is not and should not be considered the only gradient in determining the successful outcome of the surgery. Patients, who undergo product surgery, want symmetrical eyes and a look which appears natural and unoperated! Before our research, the surgery for ptosis did not involve creating an eyelid crease which meant that while the eyelid would open wide post the surgery, the muscle on the top would bunch up creating multiple folds. This would hamper symmetry with the normal eyelid on the other eye, which would have an eyelid crease. This actually made the operated eye look worse and lowered confidence and satisfaction post-surgery, in patients.”

Dr. Shome’s modified surgical technique combines the Tarso-frontal sling surgery (attaching a band to the forehead muscle) to raise the droopy eyelid, along with eyelid crease formation performed to address symmetry between the eyelid creases.

Dr. Shome warns, “Babies born with severe ptosis are especially at risk of permanent vision damage, unless timely corrective surgery is undertaken. Children with milder ptosis without impaired vision can wait till 5, but surgery is imperative if the parents don’t want their children to grow up with permanent visual impairment.”

Ptosis or when the border of the upper eyelid sags to a lower position than normal is a common condition that afflicts people of all age groups. It occurs due to presence of a weak eyelid muscle as a result of which lifting the eyelid becomes difficult. While it might not always be a cause for worry, it does spoil the overall look of the face making the eyes look asymmetrical and crooked. However, when the drooping eyelid covers all or part of the pupil, it can interfere with vision.

Ptosis can be caused by many factors ranging from natural to more serious medical conditions. Anyone can get droopy eyelids—there are no substantial differences in prevalence between men and women or between ethnicities.

Dr. Shome explains, “When the levator muscle, responsible for lifting the upper eyelid, stretches and weakens due to age it causes the eyelid to droop. In babies, the muscle is dystrophic or does not develop properly, so it doesn’t work at all.”

Dr. Debraj Shome is a celebrity facial plastic/ cosmetic surgeon and Director, The Esthetic Clinics, Mumbai. He has been awarded four distinct prestigious fellowships making him an illustrious figure in the field of facial plastic surgery. Dr. Shome has handled some of the most complex facial plastic surgical procedures, making him one of the top plastic surgeons in the world. He recently performed the first ever nasal reconstruction on a patient suffering from a rare genetic disease known as ‘ectodermal dysplasia’ using the rib cartilage.

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The Raids are in progress at the Sub-Registrar Offices of Holalkere, Haveri, Bannur, Chamarajanagar Town, Hospet, Bellary, Bilgi, Basavana Bagewadi and Kumta.

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Date: 16-11-2018

Today on 16.11.2018 ACB registered suo-moto cases at various Police Stations on the allegations received from public against the Sub-Registrar Offices of Holalkere, Haveri, Bannur, Chamarajanagar Town, Hospet, Bellary, Bilgi, Basavana Bagewadi and Kumta.
The Raids are in progress at the above offices by various teams of ACB. Investigation continues.

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B’lore Boy from Whitecaps Finalist at cake masters awards 2018 – London

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Samie listed as top 10 cake artist globally

Bangalore November 2018– Samie J Ramchandran from Whitecaps International School of pastry Bangalore was the finalist in the “Rising star” category at the Cake master awards 2018 London. This annual event is popularly referred to as the cake Oscars. He has been the top four in the cake masters category since the inception of the award. The awards were first established in 2014 and are the longest running and largest in the cake industry. Cake Masters Magazine Awards are where artists are recognised and celebrated across certain categories in cake decorating and sugar artistry. Now in their 5th year, following an astounding 2017 event with over 65,000 nominations, the 2018 awards event took place during Cake International show weekend at the National Conference Centre on 3rd of November 2018.

Chef Samie, a computer engineer by qualification, fell in love with cakes. His short but blessed journey of the past 5 years has earned him many accolades. Awarded as one of the top 10 cake artists in India by Cake Masters Magazine London. His awe-inspiring 22×7 feet London bridge garnered him a whole lot of media attention. He is also the finalist for Cake Master aka Cake Oscars for 2018. He has been on the panel of Judges for various Cake competitions held across India.

He imparts this passion to his students, teaching them to challenge creative frontiers in cake art as an advanced sugar art instructor at Whitecaps Bengaluru.

Chef Samie can be attributed as the new Viking of Whitecaps.

Chef Samie says “it’s been an honor participating in this prestigious contest held every year I have been associated with cake masters since inception, with this association I get to meet a lot of International chef and bring their expertise to India and pass my learning’s through Whitecaps”.

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Arogya World urges employers ‘to do more’ to tackle mental health issues of employees at the Workplace

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16 November 2018, Bangalore – Arogya World India Trust, a non-profit organisation, today urged employers to recognise and address mental health Issues of employees at the workplace. It stressed the need for companies in India to commit to doing more to help their workforces cope with mental health conditions such as stress, anxiety, depression and other mental disorders.

India is a young country with two -thirds of the population less than 35 years old. Currently in the age group of 18- 35, the third leading cause of death is suicide. 4 out of 10 professionals suffer from depression or anxiety. The rate of anxiety and depression has increased by 45- 50% in the last 8 years.

Various studies have proven that mental health issues have a substantial impact not only on the health of individuals but on productivity of the organisation as well. Unfortunately, stigma surrounding mental health, along with fear of being viewed differently, or even losing their job are reasons why employees don’t talk about stress or anxiety at the workplace. And with people spending longer hours at work it is the employer’s responsibility to more. Arogya also stressed the need for top management to implement interventions such as confidential counselling, stress reduction inten/enttons and emptoyee assistance programs to help employees overcome mental health issues.

Present during the event, Nalini Saligram, Founder & CEO, Arogya World, said, ” We encourage companies in India to come up with supportive HR policies and ways to encourage employeesto speak up and seek treatment. The health of your workforce and of your company demands this. Nothing less than the future and competiveness of India is at stake.”

Arogya also recognised 15 progressive companies as Healthy Workplaces for 2018 and felicitated them during a ceremony on November 14, 2018. These companies were recognized for their emphasis on chronic disease prevention in the workplace setting. On November 15 there was a session on Mental Health in the workplace, to highlight the seriousness of the issue and encourage companies to tackle mental health at the workplace.

Speaking on the occasion, Dr. Pratima Murthy Professor, Dept of Psychiatry & Chief De-addiction Services – NIMHANS said, “The employees today suffer from various mental conditions like depression. anxiety and too much stress. Not only is this affecting their professional lives, but also their personal lives. I commend the efforts of Arogya World India Trust for taking up this issue. It is time emptoyers take it seriously and work to improve mental health of their workforce. After all there is no health without mental health”

About Arogya World:

Arogya World India Trust works hard to prevent non-communicable diseases, NCDs diseases like diabetes, heart disease, cancer and chronic lung diseases – through health education and lifestyle change. Arogya World works closely with corporates for chronic disease prevention and mental health awareness because work is where so many people spend a large part of their day.

For more information, contact Sumathi Rao, sumathi@arogyaworld.ore

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