KEI Industries has announced its financial results for the second quarter and the first half of FY27. Revenue for Q2 FY27 surged by 38.52% YoY to ₹3,777 Crore, driven by broad-based demand in Wires & Cables. EBITDA grew 28.69% YoY to ₹401 Crore due to improved operating efficiency and product mix. Profit After Tax (PAT) also saw a robust 28.96% YoY increase to ₹262 Crore.
KEI Industries Reports Strong Q2 FY27 Performance
KEI Industries Limited has announced its financial highlights for the second quarter ended September 30, 2026 (Q2 FY27). The company has demonstrated robust growth across key financial metrics, signaling a strong performance in the Wires & Cables sector.
Q2 FY27 Financial Highlights
- Revenue Growth: Revenue from operations for Q2 FY27 stood at ₹3,777 Crore, marking a substantial increase of 38.52% year-on-year (YoY). This growth was primarily fueled by widespread demand within the Wires & Cables segment.
- EBITDA Improvement: EBITDA for the quarter rose by 28.69% YoY to ₹401 Crore. This improvement is attributed to better operating efficiencies and a favorable product mix.
- PAT Surge: Profit After Tax (PAT) witnessed a significant year-on-year growth of 28.96%, reaching ₹262 Crore for Q2 FY27.
H1 FY27 Performance Overview
The company also reported strong results for the first half of FY27 (H1 FY27):
- H1 FY27 Revenue: Revenue improved by 30.94% YoY to ₹6,962 Crore.
- H1 FY27 EBITDA Margin: EBITDA margin improved to 11.73% from 11.46% in the previous year.
- H1 FY27 PAT Margin: PAT margin enhanced to 7.71% from 7.51% YoY.
Segment Performance: Wires and Cables
The Wires and Cables segment, which forms the core business, showed strong momentum:
- Domestic Wires & Cables: Posted a healthy 45.76% YoY growth in Q2 FY27, driven by sustained demand and operational improvements.
- Export Wires & Cables: Sales increased by 7.27% YoY in Q2 FY27. The export business is expected to grow significantly due to a strong order book and rising demand in overseas markets.
- EHV Cable Sales: EHV cable sales increased to ₹217 Crore in Q2 FY27 from ₹172 Crore in Q2 FY26, registering a 26.20% YoY growth.
- Dealer & Distributor Sales: Sales through dealers and distributors grew by 50.46% in Q2 FY27, contributing 58.79% of overall sales.
EPC Projects and SS Wire
- EPC Projects: EPC sales (apart from Cable) decreased by 3.78% YoY in Q2 FY27. For H1 FY27, EPC contribution stood at 1.27%.
- SS Wire Sales: SS Wire sales increased by 15.96% YoY in Q2 FY27 and by 10.01% in H1 FY27.
Breakup of Revenue
In Q2 FY27, the total revenue of ₹3,777 Crore was broken down as follows:
- Wires and Cables: ₹3,639 Crore
- EPC*: ₹46 Crore
- SS Wires: ₹61 Crore
- Others: ₹31 Crore
For H1 FY27, the total revenue of ₹6,962 Crore comprised:
- Wires and Cables: ₹6,731 Crore
- EPC*: ₹89 Crore
- SS Wires: ₹114 Crore
- Others: ₹28 Crore
Other Information
- Pending Orders: The company has pending orders of approximately ₹5,185 Crore.
- Financial Charges: Financial charges in Q2 FY27 were ₹17.24 Crore (0.46% of Net sales), down from ₹14.16 Crore (0.52% of Net sales) in the prior year period.
Balance Sheet Highlights (Standalone H1 FY27*)
- Total Assets: ₹9,619.29 Crore
- Total Equity: ₹7,203.36 Crore
- Total Liabilities: ₹2,161.40 Crore (Current) and ₹254.53 Crore (Non-Current)
- Cash & Bank Balances: ₹698.47 Crore
- Inventories: ₹3,604.48 Crore
- Trade Receivables: ₹1,676.82 Crore
Source: BSE
