KEI Industries , a prominent player in the cables and wires sector, witnessed a significant block trade on the National Stock Exchange (NSE) on October 15, 2025. The transaction involved approximately 160,403 shares changing hands at a price of Rs. 4,175.40 per share, amounting to a total value of Rs. 66.97 crore.

Transaction Details

This block trade represents a substantial movement of KEI Industries' shares, potentially indicating interest from institutional investors or large stakeholders in the company.

Company Performance

While the block trade is noteworthy, it's important to consider KEI Industries' recent financial performance for context. According to the company's latest financial results:

• KEI Industries reported a robust revenue growth of 19.38% year-on-year for Q2 FY2026, with revenue reaching Rs. 2,727.00 crore.
• The company's EBITDA margin improved to 11.43% in Q2 FY2026, compared to 10.40% in the same quarter of the previous year.
• Net profit for Q2 FY2026 stood at Rs. 204.00 crore, marking a significant 31.47% increase from the previous year.

Business Segments

KEI Industries operates in three main segments:

1. Cables & Wires: This segment contributed significantly to the company's revenue, with domestic institutional cable and wire sales reaching Rs. 581.00 crore in Q2 FY2026.
2. Stainless Steel Wire: The company reported sales of Rs. 53.00 crore in this segment for Q2 FY2026.
3. EPC Projects: This segment saw sales of Rs. 47.00 crore in Q2 FY2026, excluding cable sales.

Expansion Plans

The company is currently in the process of expanding its manufacturing capabilities. KEI Industries' Board of Directors recently reviewed the project implementation status for setting up a new cable manufacturing facility at Sanand, Ahmedabad, Gujarat. The first phase of production for LT/HT Cables is expected to commence by November 2025, with EHV Cable production slated to begin in Q4 FY2026-27.

This expansion aligns with the company's growth strategy and may contribute to its future performance, potentially influencing investor interest as reflected in transactions like the recent block trade.

As KEI Industries continues to grow and expand its operations, market participants will likely keep a close eye on the company's performance and any significant share movements, such as this block trade, which may indicate shifting investor sentiments or strategic positions being taken in the stock.

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.