KEI Industries Posts Good Q3; Focus On Retail: Dolat Capital
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Dolat Capital Report
KEI Industries Ltd. Q3 saw revenues and Ebitda in line with estimates but a profit after tax beat led by drop in interest and admin expenses.
The pending order book was Rs 26.1 billion at the end of nine-months FY21, compared to Rs 26.6 billion in Q2, as the company continues to focus on retail.
Company continued to expand its dealer reach as it remains focused on growing the consumer business and has taken a strategic decision to limit its engineering, procurement and construction business to Rs 5 billion.
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