KEI Industries announced its Q2 FY26 earnings, showcasing strong financial performance. Revenue increased by 19.38% YoY, while EBITDA margin improved to 11.43%. The company reported a PAT margin increase to 7.46%. Institutional cable sales contributed significantly, and dealer/distribution sales also saw growth. The company remains focused on quality and expanding its range of products.
Financial Performance Q2 FY26
KEI Industries reported a strong financial performance for Q2 FY26, with several key highlights:
- Revenue: Increased to ₹2727 Crore, a 19.38% rise year-over-year (YoY).
- EBITDA Margin: Improved to 11.43%, compared to 10.40% in the previous year.
- PAT Margin: Increased to 7.46%, up from 6.78% YoY.
Financial Performance H1 FY26
The company also demonstrated strong results for the first half of fiscal year 2026:
- Revenue: Reached ₹5317 Crore, a 22.25% increase YoY.
- EBITDA Margin: Improved to 11.46%, against 10.81% YoY.
- PAT Margin: Increased to 7.51%, against 7.01% YoY.
Cable and Wires – Institutional Sales
Institutional sales played a key role in the company’s overall performance:
- Domestic Institutional Cable and Wire sales stood at ₹581 Crore for Q2.
- Total Institutional Cable and Wire Sales, including exports, contributed 41.55% in Q2 FY26.
- Total Institutional Cable and Wire sales increased by approximately 35.89% in H1 FY26.
Cable and Wires – Dealer/Distribution Sales
The dealer and distribution network also contributed significantly to KEI Industries’ revenue:
- Sales through the Dealer/Distribution market increased by 17.31% YoY in Q2 FY26.
- Dealer/Distribution contributed 54.12% of overall sales in Q2 FY26.
EPC Projects and SS Wire
The company’s EPC projects and SS Wire segment also saw some notable developments:
- EPC sales (excluding cables) decreased by 41.12% YoY in Q2 FY26.
- SS Wire sales decreased by 10.58% YoY in Q2 FY26.
Product and Revenue Breakup
The revenue breakup by product category for Q2 FY26 shows:
- LT Cables: ₹1187 Crore
- HW/WW: ₹927 Crore
- HT Cables: ₹323 Crore
- EHV Cables: ₹172 Crore
Other Key Information
As of September 30, 2025, KEI Industries has pending orders worth approximately ₹3,824 Crore.
Source: BSE