KEI Industries announced strong Q2 FY26 results, with net sales reaching INR2,726 crores, a growth of 19.38%. EBITDA increased by 31.2% to INR311.63 crores, and profit after tax grew by 31.47% to INR203 crores. Export sales surged by 96%, contributing to overall growth. The company anticipates continued strong demand and is expanding capacity to meet future needs. Order booking stands at INR3,824 crores as of September 30, 2025.
Financial Performance Highlights
KEI Industries reported a net sales of INR2,726 crores in Q2 FY26, reflecting a growth of 19.38%. The Wire and Cable segment experienced a 22% growth compared to the same quarter last year. EBITDA reached INR311.63 crores, with a growth of 31.2%, resulting in an EBITDA net sales margin of 11.43%. Profit after tax stood at INR203 crores, a 31.47% increase. Export sales achieved all-time high, reaching INR472 crores, a 96% growth.
Segmental Performance
Domestic Institutional Cable sales were INR581 crores. Extra High-Voltage Cable sales grew significantly by 76%, reaching INR128 crores. B2C sales through the dealer network were INR1,475 crores, with a growth of approximately 17%. The B2C sales contribution remained consistent at 54%. Total Cable Institutional (B2B) sales contribution, including exports, was 42%, up from 39% in the previous year.
First Half Summary
For the first half of the fiscal year, net sales amounted to INR5,316 crores, representing a growth of 22.25%. EBITDA was INR609 crores, a 29.65% increase. Profit after tax for the first half was INR399.26 crores, a 30.88% growth. Export sales for the first half reached INR846 crores, growing by 79%.
Operational Updates and Outlook
The company’s order booking as of September 30, 2025, stands at INR3,824 crores, indicating strong demand. The first phase of the new Sanand plant is expected to be operational by November 2025, with over 50% of the capacity coming online by December. This expansion is projected to significantly boost growth from Q4 FY26 onwards.
Future Growth Strategy
KEI Industries anticipates continued strong demand in both domestic and export markets. The company aims to maintain its growth trajectory by focusing on key sectors such as energy, infrastructure, and data centers. Emphasis on expanding dealer networks and enhancing reach in export markets remains a priority. The company is committed to achieving higher growth once the new capacities are fully operational.
Source: BSE
