KEI Industries Reports Q2FY27 Revenue Growth of About 39% YoY
Motilal Oswal reports EBITDA grew about 40% year over year, while operating margin was 10%, flat year over year and below estimates. The headline recommends buying KEI Industries and sets a target of Rs 5,180.
Motilal Oswal's research report on KEI IndustriesKEI Industries’ (KEII) 2QFY27 revenue grew ~39% YoY to INR37.8b (~10 beat). EBITDA grew ~40% YoY to INR3.8b (in line; as lower-than-estimated margin in C&W segment offset revenue beat). OPM stood at 10% (flat YoY; 1.3pp below estimates). C&W margin w…