(20 second reading) KEI Industries Limited clocked a profit of Rs 168.5 crore during the quarter, up 22 percent from Rs 138 crore in the year-ago period.
The company’s revenue rose 19 percent to Rs 2,319.2 crore from Rs 1,952.9 crore reported during the same period last year.
As for the earnings before interest, taxes, depreciation, and amortisation or EBITDA, it stood at Rs 244.5 crore, a 21 percent increase over Rs 202.1 crore in the fourth quarter of FY23. The company’s EBITDA margin increased from 10.4 percent to 10.5 percent year-on-year.
Last month, Motilal Oswal has initiated coverage the wire manufacturer stocks with a ‘buy’ call