Q3 further important updates based on the Chairman call with CNBC TV18
- Improvement in EBITDA margin by 300 bsp to 11%
- Increase in exports by 100% compared to YOY
- Current/FY 24 export mix is 12%, Target to reach exports at 20% of total revenue by FY 27. Exports are a high margin business.
- Housing wire growth of 23%, better than competitor. but over the full year it will not be more than 20%
- EHV full year forecast will be around 500-600 Crs.
- Capex FY 24 - 500 Crs & FY 25 - 600 - 700 Crs, Capacity will increase in phases, full effect in next 24 months.
- KEI Margins at 11% where as Polycab Margins at 14%, Reason for higher margins for Polycab can be larger scale of operations and efficiencies because of which and better logistics.
- KEI can see reaching 11.5% by FY 25, and may touch 12.5% to 13% margins by end of FY 26.
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