Focus to increase retail contribution sales to 40%: KEI Industries

KEI Industries posted a mixed set of Q3 earnings. Their profit after tax (PAT) has increased 50 percent and finance costs have declined. Margins, however, appear under pressure this quarter.

In an interview with CNBC-TV18, Anil Gupta, CMD of KEI Industries spoke about the results and his outlook for the company.

Volume growth in this quarter has been 19 percent and value growth at 24 percent in the cable business. Retail contribution to sales is 33 percent of net sales and our aim is to take it to 40 percent, he said.

The current order book is at Rs 2,500 crore out of which Rs 1,500 crore is from EPC business, said Gupta.

Current debt of the company is at Rs 700 crore which was at Rs 850 crore in March 2017, he added.

For full interview, watch accompanying video...