KEI Industries Limited posted a 38.52% year-over-year revenue gain for the quarter ended Sept. 30, while Moneycontrol reported its shares touched ₹3,744.80, down as much as 11%, Thursday.
KEI’s board approved the unaudited results on Oct. 21, according to the company’s filing. The filing also records an unmodified opinion after the statutory auditors’ limited review. Profit for the period reached ₹2.62 billion, up from ₹2.04 billion a year earlier. Revenue from operations rose to ₹37.76 billion from ₹27.26 billion.
Informist reported an average analyst estimate of ₹2.72 billion for profit and a ₹34 billion revenue estimate. KEI’s profit was below the first figure, while its revenue exceeded the second.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 28.69% to ₹4.01 billion. The EBITDA margin was 10.62%, compared with 11.43% in the year-earlier quarter and 13.04% in the June quarter. The consolidated filing listed materials consumed at ₹32.41 billion, up from ₹22.13 billion a year earlier, an increase of about 46.4%.
The Economic Times reported an earlier quote of ₹3,902.20, down 7.75%, at 1:11 a.m. ET (05:11 UTC) Thursday. Moneycontrol later reported the intraday low of ₹3,744.80.
In wires and cables, domestic sales advanced 45.76% to ₹31.84 billion, while exports grew 7.27% to ₹4.55 billion. KEI linked the domestic performance to sustained demand and operating improvements.
For the first half ended Sept. 30, revenue rose 30.94% to ₹69.62 billion. The EBITDA margin increased to 11.73% from 11.46% a year earlier, and the profit-after-tax margin rose to 7.71% from 7.51%. KEI said it expects export sales to expand substantially, citing its order position and stronger demand in overseas markets.
