KEI Industries reported a strong performance in the first quarter of FY27, with revenue growing 22.97% YoY to ₹3,185 crore. EBITDA saw a significant jump of 39.57% YoY to ₹415 crore, driven by improved operating efficiency and product mix. Profit After Tax (PAT) surged 40.05% YoY to ₹274 crore, reflecting robust margin expansion.
KEI Industries Reports Robust Q1 FY27 Financial Highlights
KEI Industries Limited has announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), showcasing significant growth across key financial metrics. The company reported a substantial increase in revenue, driven by broad-based demand in the Wires & Cables segment and balanced business performance.
Financial Performance Overview
In Q1 FY27, KEI Industries’ revenue reached ₹3,185 crore, marking a healthy 22.97% year-over-year (YoY) growth. This performance was supported by strong demand across its product portfolio.
EBITDA and Profitability Boost
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by an impressive 39.57% YoY to ₹415 crore. This surge is attributed to enhanced operating efficiency and a favorable product mix, leading to an expansion in the EBITDA margin by approximately 155 basis points to 13.04% in Q1 FY27, compared to 11.49% in Q1 FY26.
Profit After Tax (PAT) also demonstrated strong momentum, increasing by 40.05% YoY to ₹274 crore. This growth was bolstered by the margin expansion, with the PAT margin rising to 8.61% in Q1 FY27 from 7.56% in the same period last year.
Segmental Performance
Domestic and Export Wires & Cables
The Domestic Wires & Cables segment recorded a robust 29.31% YoY growth in the quarter, driven by sustained demand and operational improvements. While Export Wires & Cables sales saw a marginal decline of 7.29% YoY, the export business is anticipated to grow substantially due to a strong order book and increasing demand in overseas markets. Notably, EHV cable sales increased by 47.74% YoY to ₹186 crore in Q1 FY27.
EPC Projects and SS Wire
EPC sales (excluding cables) contributed 1.36% to the total revenue, with export sales of EPC at ₹4 crore. SS wire sales contributed 1.66%, with export sales of SS Wire reaching ₹28 crore.
Breakup of Revenue (Q1 FY27)
The total revenue of ₹3,185 crore in Q1 FY27 was primarily driven by:
- Wires and Cables: ₹3092 crore
- EPC: ₹43 crore
- SS Wires: ₹53 crore
- Others: (₹3) crore
Other Information
The company had pending orders of approximately ₹4,292 crore as of the reporting period. Financial charges stood at ₹17.68 crore for Q1 FY27, marginally up from ₹14.50 crore in the previous year.
The Net Debt as of June 30, 2026, was a negative ₹850 crore, indicating a healthy cash position.
Consolidated Highlights
On a consolidated basis, Net Sales for Q1 FY27 were ₹3185.34 crore, up from ₹2590.32 crore in the previous year. Consolidated EBITDA stood at ₹415.41 crore, compared to ₹297.63 crore in Q1 FY26. Consolidated PAT for the quarter was ₹274.14 crore, a significant increase from ₹195.75 crore in the prior year’s same quarter, with PAT/Net Sale at 8.61%.
Source: BSE
