New Delhi, Oct. 16 -- KEI Industries share price slumped over 9% on Thursday's session despite decent Q2 results of the company. The cable and wire manufacturer announced a 31.3% rise in net profit for the September quarter compared to the previous year, fueled by robust revenue growth and consistent operating margins.

For the quarter that concluded on September 30, net profit reached Rs.204 crore, an increase from Rs.155 crore during the same quarter last year. Revenue from operations grew 19.4% year-over-year to Rs.2,726 crore, up from Rs.2,284 crore in the corresponding period last year.

(more to come)

Published by HT Digital Content Services with permission from MINT....