India's KEI Industries falls as quarterly margins below analysts' estimates

KEI Industries

16/10/2025 07:34

** KEI Industries KEIN.NS slumps ~9% to 4,031.9 rupees

** The cables and wire maker posts a 19.3% growth in second-quarter consolidated sales, but brokerages say margins below expectations

** Co's 9.9% EBITDA margin 20 bps below JM Financial's estimate and 50 bps lower than Motilal Oswal's forecast

** Investec says margins of cables and wire makers have likely peaked as significant capacity addition from incumbent players should increase pricing competition

** More than 339,000 shares change hands so far on the day, ~1.4x 30-day avg daily volume

** Analysts on avg recommend "buy" on KEIN; median PT 4,401.5 rupees, per data compiled by LSEG

** YTD, stock down 9.1%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))