In Q2 FY25, profit before tax stood at Rs 207.87 crore, registering a 10.32% growth from Rs 188.42 crore reported in Q2 FY24.
EBITDA stood at Rs 238 crore in Q2 FY25, registering the growth of 12.30% as compared with Rs 211 crore recorded in corresponding quarter last year. EBITDA margin declined to 10.42% in Q2 FY25 as against 10.88% reported in Q2 FY24.
During the quarter, the company's revenue from cables and wires was Rs 2,140.23 crore (up 20.62% YoY) and revenue from stainless steel wire was at Rs 59.82 crore (up 1.96% YoY).
However the company's revenue from EPC Projects fell 58.20% YoY to Rs 130.87 crore in Q2 FY25.
The company's pending orders stood at approximately Rs 3,847 crore.
On half-year basis, the company's net profit rose 16.62% to Rs 305.07 crore on 16.50% increase in revenue to Rs 4,340.14 crore in H1 FY25 over H1 FY24.
Meanwhile, the company's board has approved the raising of funds through the issuance of equity shares or other eligible securities for an aggregate amount of up to Rs 2,000 crore via Qualified Institutional Placement (QIP). This is subject to obtaining approval from the shareholders through a postal ballot and any other necessary regulatory or statutory approvals.
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 declined 7.40% to Rs 4,339.95 on the BSE.
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
