Exports seen growing at 15-20% in next few years: KEI Industries

KEI Industries reported substantial jump of about 140-150 percent on-year in exports to Rs 300 crore for the nine months of FY17. Exports are likely to grow 15-20 percent in the coming years, says CMD Anil Gupta, noting, this is beneficial as export margins are 1-1.5 percent higher versus domestic market.

Gupta expects 20 percent volume growth for FY17.

The company maintains 2-3 months copper inventory in its factories and a pipeline of 1.5-2 months under shipping, Gupta told CNBC-TV18, adding, any rise in copper prices won’t impact margins.

The company posted Q3 revenue jump of 27.5 percent on-year to Rs 765.9 crore. Profit was up 83.1 percent on-year at Rs 27.1 crore.Watch video for more ...