KEI Industries says ongoing expansions to aid 16-18% growth in FY25
The company witnessed a slight moderation in the housing wire business, although the cable segment remains stable and is experiencing growth driven by infrastructure demand and exports.
Anil Gupta, Chairman and Managing Director of KEI Industries expects the planned brownfield expansions to help in achieving a 16-18% growth in revenue in FY25.
For the current financial year, he expects an EBITDA (earnings before interest, tax, depreciation, and amortisation) margin between 10.5% and 11%,.
Gupta said the Gujarat project is in the initial phase and expected to be completed within a year and a half, with commercial production slated to commence in the final quarter of FY25.
The Gujarat venture could generate an annual revenue of approximately ₹4,500 crore once fully operational.
KEI Industries has seen 300% growth in the extra high voltage (EHV) segment of the company. Gupta attributed this surge to pending dispatches from the first quarter that have now been realized. He anticipates this segment to contribute around ₹500-600 crore in revenue over a full year, in line with the company's present capacity.
The company witnessed a slight moderation in the housing wire business, although the cable segment remains stable and is experiencing growth driven by infrastructure demand and exports.
For more details, watch the accompanying video
(Edited by : Shweta Mungre)
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