KEI Q4 PAT Rises 25.5% to INR284.31 Crores
KEI Industries reported a 25.5% rise in Q4 PAT to INR284.31 crores, with revenue growing to INR3,476 crores. For the full year FY26, revenue reached INR11,746 crores and EBITDA grew 30.56% to INR1,387 crores. Management guided for 17-18% volume growth in FY27, driven by the Sanand and Chinchpada facilities, and released the earnings call transcript.
*this image is generated using AI for illustrative purposes only.
KEI Industries reported a strong financial performance for the fourth quarter and fiscal year ended March 31, 2026. The company's standalone net profit for Q4 FY26 rose to INR284.31 crores from INR226.55 crores in the corresponding quarter of the previous year, reflecting robust operational execution. Revenue from operations for Q4 FY26 increased to INR3,476 crores from INR2,914.79 crores on a year-on-year basis, demonstrating sustained demand across business segments. EBITDA for Q4 improved to INR424.44 crores, with the EBITDA margin expanding to 12.21% from 11.6% year-on-year.
Key Financial Performance
For the full fiscal year, revenue reached INR11,746 crores compared to INR9,735 crores in FY25, representing significant annual growth. EBITDA for the full year stood at INR1,387 crores, up by 30.56% compared to the previous year, with an EBITDA margin of 11.81%. The company declared and paid an interim dividend of INR4.50 per equity share on January 21, 2026, which the Board proposed be treated as the final dividend for FY26.
The following table summarises KEI Industries' key standalone financial metrics for Q4 and FY26:
| Metric | Q4 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|
| Net Profit | INR284.31 Crores | INR226.55 Crores | INR918 Crores | INR696.41 Crores |
| Revenue from Operations | INR3,476 Crores | INR2,914.79 Crores | INR11,746 Crores | INR9,735 Crores |
| EBITDA | INR424.44 Crores | INR338.12 Crores | INR1,387 Crores | INR1,062.40 Crores |
| EBITDA Margin | 12.21% | 11.60% | 11.81% | 10.92% |
Segment Performance and Guidance
The Cables & Wires segment remained the primary revenue driver. Management highlighted that domestic institutional cable sales for extra high-voltage cables grew by 82% in FY26 to INR559 crores. Export sales achievement stood at INR1,833 crores, a growth of 45%. Looking ahead, the company guided for a volume growth of 17% to 18% in the current financial year FY27, driven by the new Sanand facility and the Chinchpada plant. The Sanand plant's second phase is expected to be commissioned in the fourth quarter of FY27.
Analysts/Investors Call Transcript
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, KEI Industries has disclosed the transcript of the Analysts/Investors Call held on May 5, 2026. The call discussed the audited financial results for the quarter and year ended March 31, 2026. Management addressed queries regarding capacity expansion, margin outlook, and export strategy. The transcript is available on the company's official website.
| Parameter | Details |
|---|---|
| Call Date | May 5, 2026 |
| Transcript Availability | Company Website |
| Regulatory Compliance | Regulation 30, SEBI LODR |
| FY27 Volume Growth Guidance | 17% - 18% |
Historical Stock Returns for KEI Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.28% | +2.88% | +7.75% | +27.37% | +49.07% | +744.69% |
How might escalating U.S. tariff policies impact KEI Industries' ambition to scale monthly U.S. export sales beyond INR40 crores, and could geopolitical trade risks force a pivot toward alternative export markets?
Given that the Sanand Phase 2 commissioning is targeted for Q4 FY27, what risks could further delay the ramp-up, and how would a prolonged delay affect the company's ability to meet its 17–18% volume growth guidance for FY28?
With copper prices already rising 16.85% in FY26 and management guiding EBITDA margins of 10.50–11.00% for FY27—below FY26 levels—what pricing or hedging strategies could KEI deploy to protect margins amid continued commodity volatility?
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