KEI Industries shares fell more than 11 percent to Rs 3,744.80 per share on the NSE on Thursday, hitting a nine-month low, after the company's net profit for the September quarter missed analysts' estimates.
The company reported a net profit of Rs 262 crore for the quarter, against the consensus estimate of Rs 272 crore, reported Informist.
Its earnings before interest, tax, depreciation and amortisation (EBITDA) margin declined 81 basis points year-on-year to 10.62 percent.
The rise in input costs weighed on profitability, with the cost of materials consumed increasing 46 percent year-on-year. Other expenses rose more than 22 percent to Rs 343 crore, while employee benefit expenses increased 20 percent to Rs 103 crore during the quarter.
Revenue from the cables and wires segment rose 40 percent year-on-year to Rs 3,669 crore. However, sales from the engineering, procurement and construction (EPC) segment declined 3.78 percent from a year earlier.