KEI Industries Limited , a leading player in the wire and cable industry, has reported strong financial results for the first quarter of fiscal year 2026, showcasing significant growth across various segments.

Financial Highlights

KEI Industries achieved a remarkable 25.44% year-on-year growth in net sales, reaching Rs 2,590.32 crores for Q1 FY26. The company's EBITDA saw a substantial increase of 28%, amounting to Rs 297.62 crores, with EBITDA margins improving to 11.49% from 11.25% in the same period last year. Profit after tax (PAT) grew by 30.28% to Rs 195.75 crores, with PAT margins expanding to 7.56% from 7.28% year-on-year.

All figures in Rs crores, except percentages

Segment-wise Performance

The wire and cable segment demonstrated robust growth of approximately 32% compared to the previous year. Domestic institutional cable sales grew by 24% to Rs 711 crores, while export sales surged by 61% to Rs 374 crores, driven by an impressive 122% growth in cable and wire exports.

Sales through the distribution network (B2C) increased by 22% to Rs 1,326 crores, contributing 51% to the total sales. The company's focus on strengthening its dealer-distributor network has been instrumental in driving this growth.

Export Performance and Future Outlook

KEI Industries' export business showed exceptional performance, with cable and wire exports more than doubling to Rs 323 crores from Rs 149 crores in the previous year. The company aims to increase its export contribution to 17-18% of total sales in the next 2-3 years, focusing on markets in the Middle East, Australia, Africa, Europe, and the USA.

Order Book and Expansion Plans

As of June 30, 2025, KEI Industries maintains a strong order book of Rs 3,921 crores, providing visibility for future growth. The company is progressing well with its expansion plans, with the first phase of its Sanand facility expected to commence commercial production by September 2025.

Management Commentary

Anil Gupta, Chairman and Managing Director of KEI Industries, stated, "We are pleased with our performance in Q1 FY26, which reflects the strong demand across our product segments and geographies. Our strategic focus on expanding our distribution network and export markets has yielded positive results."

The management has guided for an 18% revenue growth for the full year FY26 and aims to maintain EBITDA margins around 11%. Looking ahead, the company targets a 20% year-on-year CAGR growth over the next 2-3 years after completing the Sanand project.

Conclusion

KEI Industries' Q1 FY26 results demonstrate the company's strong market position and effective growth strategies. With its ongoing expansion plans and focus on both domestic and export markets, KEI Industries is well-positioned to capitalize on the growing demand in the wire and cable industry.

KEI Industries , India's second-largest cables and wire company by market capitalization, has reported robust financial results for the first quarter of fiscal year 2026, while making significant progress on its expansion plans.

Q1 FY26 Financial Highlights

KEI Industries posted impressive growth in its Q1 FY26 results:

• Revenue surged by 25.44% year-over-year to Rs 2,590.32 crore
• EBITDA increased by 28.06% to Rs 297.63 crore
• Net profit rose by 30.28% to Rs 195.75 crore
• EBITDA margin improved to 11.49% from 11.25% in Q1 FY25
• PAT margin enhanced to 7.56% from 7.28% in the same quarter last year

Segment Performance

The company's Cables & Wires segment continued to be the primary revenue driver:

• Cables & Wires revenue: Rs 2,477.12 crore (95.63% of total revenue)
• Stainless Steel Wire revenue: Rs 52.13 crore
• EPC Projects revenue: Rs 99.41 crore

Sanand Facility Expansion

KEI Industries is making steady progress on its expansion plans at the Sanand facility in Gujarat:

• Phase 1 of the capacity expansion, focusing on LT/HT Cables production, is set to be operational by September 2025
• EHV Cable production is scheduled to commence in Q1 FY 2026-27

Chairman Anil Gupta stated, "The expansion of our Sanand facility is a strategic move to boost our export business. We aim to increase our export revenue share from the current 13% to 20% over the next two to three years."

Export Push and Market Strategy

The company is actively pursuing growth in international markets:

• Export sales in Q1 FY26 stood at Rs 332 crore, showing significant growth
• KEI is seeking product certifications in various countries to gain a competitive edge
• The Sanand facility's proximity to the sea is expected to reduce logistics and shipping costs for international markets

Domestic Market and Distribution Network

Despite new entrants in the cables and wires space, KEI Industries maintains a strong position in the domestic market:

• Dealer/Distribution sales increased by 22.21% YoY in Q1 FY26
• The company had 2,094 active dealers as of June 30, 2025
• Dealer/Distribution segment contributed 51.18% to overall sales in Q1 FY26

Future Outlook

With its strong financial performance and strategic expansion plans, KEI Industries is well-positioned for future growth. The company's focus on expanding its export business, coupled with its robust domestic presence, is expected to drive sustained performance in the coming quarters.

As KEI Industries continues to execute its growth strategy, investors and industry observers will be keenly watching the progress of the Sanand facility expansion and its impact on the company's market position in both domestic and international markets.