KEI Industries shares fell about 10% in Thursday’s trading and moved close to their 52-week low, as investors reacted to details from the company’s latest quarterly performance.
Market commentary said second-quarter EBITDA was broadly in line with estimates, but the engineering, procurement and construction (EPC) business reported a loss. Cable-and-wire margins were also described as below expectations.
Why margins matter
Profitability can be affected by product mix, input costs, execution and competitive pricing. Investors will look for further detail in company disclosures to understand the outlook.
