KEI Industries net profit rises 134.57% in the September 2009 quarter

Wednesday, Jan 06, 2010

KEI not only maintained its sales at Rs. 1055.76 cr, a 7.65% growth in 2008-09 over the previous year, but more importantly worked relentlessly on delivering on its promises & plans, which is a testament of the inherent strength and character of the company. Despite inadequacies of profits, the board has recommended a dividend payout, with the objective of rewarding shareholders for the trust they have shown in KEI at all times.

KEI strongly believe that the worst is truly behind us & an exciting future beckons all of us, especially with India looking much better on the business perspective. The spurt in demand- especially in the power & infrastructure sectors- coupled with the recommencement of industrial expansion projects, which were put on hold since October 2008, have started taking off. Add to that the upswing in core sector growth rates- cement, steel, coal & the scenario is one of healthy revival and clear reasons for the restoration of optimism.

Net profit of KEI Industries rose 134.57% in the quarter ended September 2009

About KEI industries limited manufactures high and low tension cables (EHT, HT & LT), control and instrumentation cables, house wires and stainless steel wires. KEI is one of the few companies in country to manufacture speciality cables including braided cables, fire survival and Zero halogen cables.

KEI provide custom-manufactured speciality cables of EHV Cables, HT Cables,LT Cables, Control Cables,Instrumentation Cables, Thermocouple Extension/Compensating, Rubber Cables, House Wires, Single/Multicore Flexible Wires, Winding Wires, Stainless Steel Wires.

Source: Soft Area 51