KEI Industries up 25% in three days on healthy Q2 results

In the past nine trading days, KEI Industries outperformed the market by surging 52%, as compared to 3% rise in the S&P BSE Sensex.

Shares of KEI Industries have moved higher by 6% to Rs 384 per share, surging 25% in past three trading days, after the company reported a healthy 45% growth in net profit at Rs 414 million in September quarter (Q2FY19). It had a profit of Rs 285 million in the year-ago quarter.

The company’s net sales during the quarter under review grew 33% at Rs 9.97 billion, against Rs 7.49 billion in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin was stable at 10.2%.

The good revenue, EBITDA and net profit growth stemmed