Shares of KEI Industries rose in trade on Tuesday,after the company reported a strong set of earnings for the first quarter, with consolidated net profit rising 40.1% year-on-year as higher sales and improved operating efficiency lifted profitability.
KEI Industries' shares rose as much as 7% to an intraday high of Rs 5,375 apiece.
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Revenue crossed the Rs 3,100-crore mark during the quarter, while margin expansion underscored the company's stronger operating performance.
The company also delivered a notable improvement in profitability, with EBITDA growing at a faster pace than revenue, reflecting stronger operating leverage during the quarter.
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