KEI Industries Limited delivered exceptional financial performance in the third quarter of FY26, with net profit surging 42.5% year-on-year to ₹2,348.61 crores. The cable and wire manufacturer's strong operational execution and market expansion drove revenue growth of 19.5% to ₹29,547.04 crores during the quarter ended December 31, 2025.

Strong Financial Performance Across Key Metrics

The company's financial results demonstrate robust growth across multiple parameters. Net profit for Q3FY26 reached ₹2,348.61 crores compared to ₹1,648.05 crores in the corresponding quarter of the previous year. Revenue from operations increased to ₹29,547.04 crores from ₹24,722.51 crores in Q3FY25.

Nine-Month Performance Shows Sustained Growth

For the nine months ended December 31, 2025, KEI Industries maintained its growth momentum with net profit increasing 35.0% to ₹6,341.21 crores compared to ₹4,698.66 crores in the corresponding period of FY25. Revenue from operations grew 21.3% to ₹82,713.69 crores from ₹68,210.89 crores.

Segment-Wise Performance Analysis

The Cables & Wires segment, the company's primary business vertical, generated revenue of ₹28,208.02 crores in Q3FY26, representing the largest contribution to total operations. The segment delivered profit before tax and interest of ₹3,373.44 crores during the quarter.

For the nine-month period, the Cables & Wires segment achieved revenue of ₹79,235.34 crores compared to ₹63,802.02 crores in the previous year. The EPC Projects segment contributed ₹3,381.70 crores in revenue for nine months, while the Stainless Steel Wire segment generated ₹1,604.51 crores.

Board Decisions and Corporate Actions

The Board of Directors approved several significant decisions during their meeting held on January 21, 2026:

• Interim Dividend: Declaration of ₹4.50 per equity share (225% of face value of ₹2.00 each) for FY26
• Record Date: January 28, 2026, for determining shareholders eligible for interim dividend
• Voluntary Delisting: Approved delisting from The Calcutta Stock Exchange Limited while maintaining listings on NSE and BSE
• Committee Reconstitution: Risk Management Committee restructured with Shri Sadhu Ram Bansal as Chairman

Operational Developments and Expansion

During the quarter and nine months ended December 31, 2025, KEI Industries commenced the first phase of commercial production for LT/HT Cables at its greenfield unit located at Sanand, Ahmedabad, Gujarat. This expansion represents the company's continued investment in manufacturing capabilities to meet growing market demand.

The company maintains its technical collaboration agreement with BRUGG to manufacture EHV cables up to 400kV, strengthening its position in the high-voltage cable segment. KEI Industries operates manufacturing facilities across Bhiwadi, Chopanki, and Silvassa, with branch offices in major cities including Delhi, Chennai, Kolkata, and Mumbai.

Financial Position and Capital Utilization

As of December 31, 2025, the company's paid-up equity share capital stood at ₹191.20 crores. From the QIP proceeds of ₹19,656.33 crores raised in November 2024, an unutilized amount of ₹6,157.72 crores has been invested in bank deposits with scheduled banks, while ₹22.17 crores remains in the QIP Monitoring Account for designated utilization as per issue objectives.

KEI Industries Limited has announced a board meeting scheduled for January 21, 2026, to deliberate on key financial matters and strategic decisions. The meeting will address the company's quarterly performance and potential shareholder returns for the current financial year.

Board Meeting Agenda

The board meeting will consider three significant items as outlined in the company's regulatory filing:

Trading Window Restrictions

In compliance with SEBI regulations, KEI Industries has implemented a trading window closure to prevent insider trading activities. The restrictions are currently in effect and will continue until the financial results are publicly disclosed.

Strategic Delisting Initiative

The board will evaluate a proposal for voluntary delisting of the company's equity shares from The Calcutta Stock Exchange Limited. This strategic move would require applicable regulatory approvals and compliance with relevant laws. The delisting proposal represents a significant corporate action that could streamline the company's stock exchange presence.

Regulatory Compliance

The announcement was made in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. KEI Industries has notified all relevant stock exchanges, including BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited, ensuring full transparency with market participants.

The company's comprehensive disclosure demonstrates its commitment to maintaining regulatory compliance while keeping stakeholders informed about material developments. The board meeting outcomes will be closely watched by investors and market analysts for insights into the company's financial performance and strategic direction.