Shares of KEI Industries Limited experienced a significant uptick of nearly 4% after the company unveiled its consolidated financial results for the period ending September 30, 2023.
In the second quarter of the fiscal year 2024, the company reported a total income of Rs. 1954.231 crores, demonstrating a notable increase from Rs. 1790.905 crores in the preceding quarter ended June 30, 2023.
Additionally, KEI Industries Limited posted a net profit of Rs. 140.205 crores for the period ending September 30, 2023, in contrast to the net profit of Rs. 121.380 crores reported in the previous quarter ending June 30, 2023. The earnings per share (EPS) also showed a positive trend, reaching Rs. 15.51 for the period ending September 30, 2023, as compared to Rs. 13.43 for the period ending June 30, 2023.
As of 1:15 pm, the company’s shares were trading at ₹2,481.00, reflecting a substantial 3.30% increase from the previous trading value. This surge underscored investor confidence in KEI Industries Limited’s strong financial performance, positioning the company as a promising player in the market.
