{"id":117940,"date":"2024-01-24T15:30:33","date_gmt":"2024-01-24T10:00:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117940"},"modified":"2024-01-24T16:02:25","modified_gmt":"2024-01-24T10:32:25","slug":"cable-stock-jumps-9-after-company-reported-17-yoy-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cable-stock-jumps-9-after-company-reported-17-yoy-increase-in-net-profits\/","title":{"rendered":"Cable stock jumps 9% after company reported 17% YoY increase in net profits\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1917133982\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of leading Electrical Wires &amp; Cables manufacturer surged 9 percent to \u20b93,290 per share on wednesday\u2019s second half of trade after the company reported strong quarter results.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3178837459\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:38 p.m., KEI Industries Ltd shares were quoting at \u20b93,274.35 per share, up 8.52 percent from the previous close price on the exchange. The company has a market capitalization of \u20b929,548 crore.\u00a0<\/p><p>KEI Industries reported an increase of net profit of 17 percent year on year from \u20b9129 crore in Q3FY23 to \u20b9151 crore in Q3FY24, Similarly, during the same time frame, revenue also increased by 15 percent from \u20b91,784 crore to \u20b92,062 crore.&nbsp;<\/p><p>In comparison to the previous quarter, operational revenue has increased by 6 percent from \u20b91,946 crores in Q2FY24 to \u20b92,062 crores in Q3FY24, Further net profit increased by 8 percent from \u20b9140 crore to \u20b9151 crores. The company reported in its exchange filing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3028756068\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>While the company\u2019s EBITDA margin in the December quarter has improved to 11.09% as against 10.98% YoY.&nbsp;<\/p><p>The company plans to invest over \u20b9 1,000 crores over the next 3 to 4 years to set up a manufacturing facility in Gujarat. The company has also bought the property, and the first stage of the plant is projected to be operational within 18 months from the beginning of construction.&nbsp;<\/p><p>KEI Industries Ltd manufactures wires and cables (W&amp;C) like EHV cables, HT cables, and LT cables, and sells them in India and overseas. The company has a presence in over 50 countries.&nbsp;<\/p><p>According to the recent shareholding pattern, the company promoters hold 37.08 percent of the company, Foreign institutional investors hold 30.95 percent and retail investors hold a 15.91 percent stake.&nbsp;<\/p><p>KEI Industries shares have gained 26 percent in the last six months and a multibagger return of 116 percent in a year.&nbsp;<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-173304134\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2627535283\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of leading Electrical Wires &amp; Cables manufacturer surged 9 percent to \u20b93,290 per share on wednesday\u2019s second half of trade after the company reported strong quarter results.&nbsp; At 2:38 p.m., KEI Industries Ltd shares were quoting at \u20b93,274.35 per share, up 8.52 percent from the previous close price on the exchange. The company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-117940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cable stock jumps 9% after company reported 17% YoY increase in net profits\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of leading Electrical Wires &amp; Cables manufacturer surged 9 percent to \u20b93,290 per share on wednesday\u2019s second half of trade after the company reported strong quarter results.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/cable-stock-jumps-9-after-company-reported-17-yoy-increase-in-net-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cable stock jumps 9% after company reported 17% YoY increase in net profits\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of leading Electrical Wires &amp; Cables manufacturer surged 9 percent to \u20b93,290 per share on wednesday\u2019s second half of trade after the company reported strong quarter results.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/cable-stock-jumps-9-after-company-reported-17-yoy-increase-in-net-profits\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-24T10:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T10:32:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/cable.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/cable-stock-jumps-9-after-company-reported-17-yoy-increase-in-net-profits\/\",\"url\":\"https:\/\/tradebrains.in\/features\/cable-stock-jumps-9-after-company-reported-17-yoy-increase-in-net-profits\/\",\"name\":\"Cable stock jumps 9% after company reported 17% YoY increase in net profits\u00a0 - 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