|
Profit before tax rose 16.39% year on year to Rs 162.99 crore during the quarter.
EBITDA stood at Rs 187 crore in Q1 FY24, registering the growth of 14.37% as compared with Rs 163 crore recorded in corresponding quarter last year. EBITDA margin in this quarter has increased to 10.47% as against 10.42% YoY.
The company's revenue from Cables & Wires was at Rs 1611.93 crore (up 13.47%YoY) and revenue from EPC Projects stood at Rs 184.65 crore (up 20.22% YoY) during the quarter.
However the company's revenue from Stainless Steel Wire fell 3.23% to Rs 59.02 crore in Q1 FY24.
Meanwhile, the company's board has approved re-appointment of Anil Gupta as chairman-cum- managing director of the company, with effect from July 01, 2024 till June 30, 2029.
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 shares of KEI Industries tumbled 7.84% to Rs 2,239.05 on the BSE.
|