KEI Industries Ltd Share Price – NSE  / BSE

Cables, Small Cap

KEI Industries has fixed 27 January 2025 as record date for interim dividend, if declared.

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KEI Industries will hold a meeting of the Board of Directors of the Company on 21 January 2025.

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The company's board authorized and declared the opening of the issue on Monday, 25 November 2024.

The floor price of Rs 3,880.54 is at a discount of 3.50% to the previous day's closing price of Rs 4,021.50 on the BSE.

The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue.

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 company reported 10.41% increase in consolidated net profit to Rs 154.81 crore in Q2 FY25 as against Rs 140.21 crore posted in Q2 FY24. Revenue from operations jumped 17.21% year on year (YoY) to Rs 2,279.65 crore in Q2 FY25.

Shares of KEI Industries fell 1.68% to currently trade at Rs 3,953.85 on the BSE.

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Revenue from operations jumped 17.21% year on year (YoY) to Rs 2,279.65 crore in Q2 FY25.

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.

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