New Delhi, Aug. 4 -- Defying the broader market weakness in Tuesday's trade, shares of KEI Industries surged 9% to hit a four-week high of Rs.5,475 apiece after the company reported better-than-expected June quarter results, driven by a favourable revenue mix and operating leverage.

The company reported revenue of Rs.3,190 crore for the June quarter, registering a 23% year-on-year (YoY) growth.

While the topline remained robust, the performance implied only low-single-digit volume growth, given the sharp rise in input costs and the relatively muted volume trends reported by peers such as Polycab, Havells and RR Kabel, according to brokerage firm JM Financial.

At the operating level, EBITDA jumped 53% YoY to Rs.400 crore, while the EBIT...