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.

KEI Industries Limited , a leading player in the cables and wires industry, has announced its financial results for the first quarter, showcasing strong performance across key metrics.

Financial Highlights

For the quarter ended June 30, KEI Industries reported:

• Revenue from operations of ₹2,590.32 crore, marking a 25.44% year-on-year growth
• Net profit of ₹195.75 crore, up 30.28% compared to the same quarter last year
• EBITDA of ₹297.63 crore, representing a 28.06% year-on-year increase
• EBITDA margin improved to 11.49% from 11.25% in the corresponding quarter of the previous year
• Earnings per share (EPS) of ₹20.49 (basic) and ₹20.47 (diluted)

Segment Performance

The company's performance across its business segments for the quarter was as follows:

The Cables & Wires segment, which is the company's primary revenue driver, showed significant growth and contributed 95.63% to the total revenue.

Operational Updates

The Board of Directors reviewed the project implementation status for setting up a new cable manufacturing facility at Sanand, Ahmedabad, Gujarat. Key updates include:

• The first phase of LT/HT Cables production is scheduled to commence by September 2025
• EHV Cable production is expected to start by Q1 FY 2026-27

Market Position and Future Outlook

KEI Industries continues to strengthen its position in the market with its diverse product portfolio and strategic expansions. The company's technical collaboration agreement with BRUGG to manufacture EHV cables up to 400kV further enhances its capabilities in the high-voltage cable segment.

Financial Position

As of June 30, KEI Industries maintains a strong financial position:

• Cash and bank balances of ₹1,699.49 crore
• Net debt position of ₹(1,496.00) crore, indicating a negative net debt

The company's robust cash position and negative net debt provide it with financial flexibility for future growth initiatives and market expansion.

KEI Industries' performance in the quarter demonstrates its resilience and ability to capitalize on market opportunities. The ongoing capacity expansion at Sanand and focus on high-margin products are expected to drive future growth for the company.