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Dolat Capital Report
KEI Industries Ltd.'s revenues were better than estimates though margins were lower 80 basis points QoQ due to gross margin down by 280 bps QoQ.
Working capital has marginally gone up to 144 days from 130 odd days last quarter which has pushed its net debt from Rs 4 billion to Rs 4.8 billion.
Emphasis continues on improving its business-to-consumer business, as part of its strategy and is expanding dealer network and reach.
Extra high voltage cables is the other growth area where KEI Industries face limited competition.
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