KEI Industries Q4 Review - Increased Focus On Business-To-Consumer Division: Dolat Capital
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Dolat Capital Report
KEI Industries Ltd.'s Q4 numbers were marginally lower than estimate due lower engineering procurement and construction execution, a business they are consciously decreasing.
The drop in gross margin was countered by lower selling, general and administrative expenses.
The pending order book was Rs 25.6 billion at the end of nine months FY21, compared to Rs 26.1 billion in Q3, 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 continues with its strategic decision to limit its EPC business to Rs 5 billion.
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