KEI has reported 1QFY17 result in line with our expectation which is mainly driven by Cable segment `4446 mn (2.8% y/y) coupled with Turnkey projects `1304mn (+34.3% y/y). Its dealer distribution business also performed well. Total order book currently stands at `29510 mn. Cable segment enjoy very high margins ~12.5%+ while margins of Turnkey project division...