Revenue from the Cables & Wires business was Rs 1,755.46 crore (up 8% YoY), Stainless Steel Wire business revenue was Rs 64.87 crore (up 6% YoY) and that from EPC Projects was Rs 223.16 crore (up 3% YoY) in the fourth quarter.

EBIDTA during the quarter was Rs 208.87 crore as against Rs 179.81 crore in the same quarter of the previous year, up 16% YoY. EBIDTA margin in Q4 FY23 was 10.69% as against 10.03% in Q4 FY22.

The company recorded 27% increase in consolidated net profit to Rs 477.34 crore on a 21% rise in net sales to Rs 6912.33 crore in FY23 as compared with FY22.

KEI Industries is involved in manufacturing low tension, high tension and extra high voltage cables, along with control and instrumentation and specialty cables, house wires and stainless-steel wires.

The scrip rose 0.42% to currently trade at Rs 1890.50 on the BSE.