It has finally become the market leader in room ACs, but profitability remains a big challenge.
KFA plans to raise $250 million (about Rs 1,100 crore) through GDRs and Rs 500 crore (Rs 5 billion) through a domestic issue in the next couple of months.
Lower fuel costs and tight control on expenses propped up earnings before interest, tax, depreciation and amortisation (Ebitda) margins to one per cent.
Credit-dependent sectors such as real estate and automobiles may also be hit by a rise in interest rates.
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