KEI Industries , a leading manufacturer of cables and wires, has reported strong financial results for the first quarter, demonstrating significant growth across key metrics. The company is now pursuing faster growth through capacity expansion and export initiatives.

Revenue Surge

The company's revenue stood at INR 25,903.00 million, marking a substantial year-over-year growth of 28.06%. This impressive increase underscores KEI Industries' strong market position and growing demand for its products.

Profitability Boost

KEI Industries witnessed a notable improvement in its profitability during the quarter:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached INR 2,976.00 million, up by 28.06% compared to the same quarter last year.
• The EBITDA margin improved to 11.49%, indicating enhanced operational efficiency.
• Profit After Tax (PAT) grew by 30.28% to INR 1,957.00 million, reflecting the company's ability to translate revenue growth into bottom-line results.

Segment Performance

The company's performance across various product segments contributed to its overall growth:

Strong Order Book

KEI Industries maintains a healthy order book of INR 40,121.00 million, providing visibility for future revenue growth. The order book composition includes:

• 56% from Cable-Domestic
• 17% from Cable-Export
• 14% from EPC projects
• 13% from EHV (Extra High Voltage) segment

Export Performance

Exports continue to be a significant contributor to KEI Industries' revenue, accounting for 13% of sales in the quarter. The company has expanded its presence to over 60 countries, with offices in UAE, South Africa, Nepal, and Gambia.

Growth Strategy and Industry Outlook

KEI Industries is pursuing faster growth through capacity expansion and export initiatives. The cable and wire industry is expected to grow 11-13% through FY29, driven by power infrastructure development, renewables, data centers, and EV charging infrastructure.

The company's management plans to:

1. Increase market share in the extra high voltage (EHV) segment
2. Enhance its order book
3. Improve profitability through branding initiatives
4. Expand globally

Outlook

KEI Industries' strong quarterly performance positions it well to capitalize on the growing demand in the cables and wires industry. The company's diverse product portfolio, expanding export presence, and robust order book provide a solid foundation for sustained growth in the coming quarters.

The management's focus on retail expansion, increased exports, and capacity enhancement through brownfield and greenfield projects is expected to drive future growth. Additionally, the company's strong financial position, with a comfortable debt profile and healthy return ratios, supports its expansion plans and market competitiveness.

As India's wires and cables market is projected to grow at a CAGR of 11-13% between FY24-29, KEI Industries is well-positioned to benefit from this industry growth trend and maintain its strong performance in the future.

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.