KEI Industries Limited , a leading player in the cables and wires sector, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics. The company also provided updates on its ongoing expansion project in Sanand, Gujarat.

Financial Highlights

KEI Industries showcased impressive performance in Q2 FY26:

• Revenue surged by 19.38% year-over-year to ₹2,727.00 crore
• EBITDA margin improved to 11.43% from 10.40% in the same quarter last year
• PAT (Profit After Tax) margin increased to 7.46% from 6.78% year-over-year

For the first half of FY26, the company's results were equally strong:

• Revenue grew by 22.25% compared to H1 FY25, reaching ₹5,317.00 crore
• EBITDA margin expanded to 11.46% from 10.81% in H1 FY25
• PAT margin rose to 7.51% from 7.01% in the previous year's first half

Segment Performance

The company's performance across various segments showed mixed results:

Cables & Wires

• Domestic institutional sales slightly decreased to ₹581.00 crore in Q2 FY26 from ₹615.00 crore in Q2 FY25
• EHV cable sales grew significantly to ₹128.00 crore from ₹73.00 crore year-over-year

Dealer/Distribution

• Sales through this channel increased by 17.31% year-over-year in Q2 FY26
• Contributed 54.12% to overall sales in Q2 FY26

Exports

• Institutional cable and wire exports surged by 116.19% year-over-year in Q2 FY26

EPC Projects and Stainless Steel Wire

• EPC sales (excluding cables) decreased by 41.12% year-over-year in Q2 FY26
• Stainless steel wire sales declined by 10.58% year-over-year in the same quarter

Sanand Facility Update

KEI Industries provided an update on its cable manufacturing facility project in Sanand, Ahmedabad:

• The first phase of production for LT/HT Cables is scheduled to commence in November 2025
• EHV Cable production is expected to start in Q4 FY 2026-27
• The project experienced some delays due to revisions in original drawings and designs, affecting delivery schedules for plant machinery and building construction
• As of September 30, 2025, the company had utilized ₹723.59 crore out of the allocated ₹1,450.00 crore for the Sanand facility

QIP Fund Utilization

The company raised ₹2,000.00 crore through a Qualified Institutions Placement (QIP) in November 2024:

• Total utilization as of September 30, 2025: ₹1,269.14 crore
• Unutilized amount: ₹730.86 crore
• The unutilized funds have been invested in fixed deposits with scheduled banks, earning returns between 4% to 7.51%

Future Outlook

With a strong order book of approximately ₹3,824.00 crore and improved capacity utilization at about 80% during FY25, KEI Industries appears well-positioned for continued growth. The company's strategic investments in expanding its manufacturing capabilities, particularly the Sanand facility, are expected to enhance its market position in the coming years.

As KEI Industries continues to navigate the dynamic market environment, investors and industry observers will be keenly watching the progress of its expansion projects and the impact on future financial performance.

KEI Industries Limited , a leading player in the cable manufacturing sector, has announced strong financial results for the second quarter, demonstrating significant growth and expansion plans.

Financial Highlights

KEI Industries reported impressive financial performance for Q2:

For the half-year ended September 30, the company's revenue reached ₹53,166.65 million, with a net profit of ₹3,992.60 million. The basic earnings per share for H1 stood at ₹41.78.

Expansion and Future Outlook

The Board of Directors reviewed the progress of KEI Industries' new cable manufacturing facility in Sanand, Gujarat. Key points include:

• Production of LT/HT cables is expected to commence in November.
• EHV cable production is planned to start in Q4 of the next fiscal year.
• The company maintains a technical collaboration with BRUGG CABLES for manufacturing EHV cables up to 400kV.

This expansion aligns with KEI Industries' strategy to enhance its production capabilities and meet growing market demand.

Employee Stock Option Scheme

During the period, KEI Industries allotted 48,000 equity shares under its employee stock option scheme, increasing the company's paid-up capital to ₹191.20 million. This move reflects the company's commitment to employee engagement and retention.

Market Position and Outlook

KEI Industries' strong performance in Q2 showcases its resilience and growth potential in the cable manufacturing sector. The company's focus on expanding its manufacturing capabilities, particularly in high-value segments like EHV cables, positions it well for future growth.

The robust financial results, coupled with strategic expansion plans, indicate KEI Industries' strong market position and its ability to capitalize on the growing demand for quality cable products in various sectors.

Investors and market observers will likely keep a close watch on the progress of the Sanand facility and its impact on the company's future performance and market share in the coming quarters.