KEI Industries shares dropped by 5.77% following the release of its Q2 FY25 financial results. The company reported a 70 basis point year-on-year decline in its operating margin, slipping to 10.9% from 12.3% in the previous year, indicating reduced profitability. Additionally, the company’s inventory turnover ratio has also declined, which could lead to increased inventory costs.
In a key update, the board has approved a fund raise of ₹2,000 crore through Qualified Institutional Placement (QIP), signaling plans for further expansion.
As of 9:32 AM, KEI Industries shares were trading 5.77% lower at ₹4,420.05 on the NSE.
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