KEI Industries , a leading player in the wire and cable industry, has reported a strong performance for the second quarter of fiscal year 2026, with significant growth across key financial metrics.

Financial Highlights

KEI Industries achieved net sales of ₹2,726.00 crores in Q2 FY26, marking a 19.38% year-on-year growth. The company's Wire and Cable segment, which forms the core of its business, grew by an impressive 22% compared to the same quarter last year.

The company's profitability saw substantial improvement:

Segment-wise Performance

• Export Sales: Reached an all-time high of ₹472.00 crores, representing a remarkable 96% growth year-on-year.
• Extra High-Voltage Cable: Sales grew by 76% to ₹128.00 crores.
• B2C Sales: Through the dealer network, sales reached ₹1,475.00 crores, growing by approximately 17%.

Order Book and Future Outlook

As of September 30, 2025, KEI Industries maintains a robust order book of ₹3,824.00 crores, indicating strong demand for its products. The company has reaffirmed its growth guidance of over 20% for the full year, up from the earlier 17-18% target.

Capacity Expansion

The management expects the first phase of the Sanand plant to become operational by November 2025, with 50% capacity coming online from December. This expansion is expected to significantly boost the company's production capabilities and support its growth trajectory.

B2C Network Strength

KEI Industries continues to strengthen its retail presence, operating through 2,100 active dealers. The B2C sales through the dealer network contributed 54% of total sales at ₹1,475.00 crores, underscoring the importance of this channel for the company.

Management Commentary

Anil Gupta, Chairman and Managing Director of KEI Industries, commented on the results, stating, "We are witnessing very strong growth in our Exports, and the Domestic market is equally strong. The growth is driven by the energy sector, especially solar and wind projects, transmission and distribution, data centers, and construction activity, which includes commercial and residential real estate and infrastructure projects."

Conclusion

KEI Industries' Q2 FY26 results demonstrate the company's ability to capitalize on the growing demand in both domestic and international markets. With its planned capacity expansion and strong order book, the company appears well-positioned to maintain its growth momentum in the coming quarters.

Investors and market watchers will likely keep a close eye on the progress of the Sanand plant and the company's ability to maintain its margins amidst its rapid growth trajectory.

KEI Industries , a leading cable and wire manufacturer, reported a robust 31.3% year-on-year increase in net profit for the September quarter, despite a 9% drop in its share price. The company's financial performance demonstrates strong growth amid market volatility.

Financial Highlights

KEI Industries posted impressive financial results for Q2:

The company's revenue growth was driven by strong performance across its business segments, particularly in retail and exports.

Segment Performance

• Retail segment: 35% growth
• Exports: 15% growth
• Institutional segment: 3% growth

The company maintained a high capacity utilization of about 80% during the fiscal year.

Market Response

Despite the strong financial performance, KEI Industries' shares fell 9% to ₹4,032.00. This market reaction suggests that investors may have already priced in high expectations or are responding to broader market trends.

Analyst Perspective

Nuvama Institutional Equities maintains a Buy rating on KEI Industries with a target price of ₹4,450.00. The brokerage cites strong demand in the cables sector as a key factor supporting their positive outlook.

Long-term Performance

KEI Industries' stock has demonstrated significant growth, rallying 53% over the past six months. This performance reflects the company's strong positioning in the power and housing sectors, benefiting from ongoing infrastructure and real estate demand.

Future Outlook

According to the company's board meeting disclosure, KEI Industries is progressing with its expansion plans:

• The first phase of production for LT/HT Cables at the new Sanand, Ahmedabad facility is scheduled to commence by November 2025.
• EHV Cable production at the same facility is expected to start by Q4 FY 2026-27.

These expansion efforts align with the company's strategy to capitalize on the growing demand in the power and infrastructure sectors.

KEI Industries continues to demonstrate strong financial performance and strategic growth initiatives, positioning itself to benefit from the ongoing infrastructure development in India's power and housing sectors.