KEI Industries reported its Q2 FY25 earnings, showing a net profit increase of 10.3% year-on-year (YoY) to ₹154.8 crore from ₹140.3 crore. The company's revenue rose by 17.2% to ₹2,279.6 crore from ₹1,945 crore, while EBITDA grew by 9.1% to ₹220.5 crore from ₹202.2 crore. However, the EBITDA margin narrowed to 9.7% from 10.4%. Following the earnings report, KEI Industries announced a fundraise of ₹2,000 crore through a Qualified Institutional Placement (QIP). Despite the positive earnings, KEI Industries' shares fell by 6.8% in trade, registering an intraday low of ₹4,365.55 per share, due to the lower profit margins. Additionally, Jefferies maintained a 'Buy' rating on KEI Industries, raising the target price to ₹5,720 from ₹5,365.