KEI Industries aims to close this financial year ending March 31, 2019 with over 20 per cent growth, stimulated by robust export growth at 10 per cent with continued demand for its products in national and international market.
The company is bullish on expansion with over 1400 dealers pan India by this fiscal end, almost a jump of 9 per cent from 1284 dealers as on March 31, 2018. KEI’s net profit also soared by 28.36 per cent to Rs 121.94 crore during nine-month period (April 1 2018 to December 31, 2018) from Rs 95 crore during the same period of 2018.
Elaborating on growth of Indian wire and cable industry, the Chairman cum Managing Director- KEI Industries Ltd, Anil Gupta said, “We have been able to expand and at the same time ensured our foothold across the market to which we cater. We do so with the help of strong financials and Capex, which has ensured our continuous growth. As our growth trajectory remains intact, we are very hopeful to clock 18 per cent to 20 per cent during the next fiscal.”
