KEI Industries Q1 Review - Push On Retail Business Continues: Dolat Capital
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Dolat Capital Report
KEI Industries Ltd.'s Q1 numbers were a beat on estimates led by strong growth in their cables business.
Gross margins improved as the company took price hikes in line with copper prices.
The pending order book was Rs 30.2 billion at the end of FY21, compared to Rs 25.6 billion in Q4 FY21.
KEI Industries continued to expand its dealer reach as it remains focused on growing the consumer business and continues with its strategic decision to limit its engineering, procurement and construction business to Rs 5 billion.
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