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KEI Industries Shares Drop 9% Despite Strong Q2 Earnings

KEI Industries Shares Drop 9% Despite Strong Q2 Earnings

Author:

Global Cryptocurrency

Published:

2025-10-16 09:59:02

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KEI Industries' stock tumbled nearly 9% on Thursday, defying robust quarterly results. The cable manufacturer posted a 31% year-on-year net profit increase to ₹203.51 crore ($24.4 million), with revenue climbing 19% to ₹2,726.34 crore.

Investors focused on margin concerns overshadowed the positive earnings. The 9.9% EBITDA margin fell slightly below expectations, triggering profit-taking in the overbought stock. The cables segment grew 23%, while stainless steel wires and EPC projects declined 10% and 23% respectively.

Brokerages remain bullish, with UBS maintaining a ₹4,750 price target and Nuvama reiterating its ₹4,450 target. Analysts highlight export growth and operational efficiency as key drivers, with the Sanand plant commissioning expected to boost future performance.

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