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Informist, Monday, Jan. 19, 2026

By Gunjan Rajput

MUMBAI – KEI Industries Ltd. is expected to report a sharp rise in its net profit for the December quarter, boosted by strong demand for its cables and wires segment, which will drive revenue growth, according to analysts.
 

The wire and cable maker's standalone net profit is estimated at INR 2.25 billion for the December quarter, up 37% on year and 11% sequentially, according to the average of estimates from six brokerages. KEI Industries' revenue is expected to be INR 30.42 billion, up 23% from INR 24.72 billion a year ago and 12% from the trailing quarter.

The highest estimate for KEI Industries' net profit is INR 2.53 billion by Elara Securities (India) Pvt. Ltd. and the lowest is INR 2.15 billion by Nuvama Wealth Management Ltd. The highest estimate for the company's revenue is INR 32.29 billion by Elara Securities and the lowest is INR 29.61 billion by JM Financial Institutional Securities Pvt. Ltd.

Prabhudas Lilladher Pvt. Ltd. and Motilal Oswal Financial Services Ltd. expect growth to be driven by strong volume and higher realisation in the cables and wires business, which is expected to offset weakness in the engineering, procurement, and construction business.

"Cables are experiencing continued growth momentum, underpinned by strong industrial activity and infrastructure investments, while wires saw similar gains to those of cables. Cables are also benefiting from rising government and private capex in power and infrastructure projects," Prabhudas Lilladher said.

Brokerages flagged a mixed trend in the engineering, procurement, and construction business. Nuvama Wealth Management said revenue from this business is expected to decline around 20% on year due to its working capital management strategy. Motilal Oswal Financial Services said revenue from this business is expected to rise around 40% on year, while Prabhudas Lilladher said it is expected to decline 43% on year.

Margins are seen improving on year due to a better product mix and operating leverage while remaining broadly stable sequentially amid commodity cost pressures, according to brokerages.

KEI Industries is scheduled to report its December quarter results Wednesday. The stock has risen by nearly 12% since its September quarter results were announced. Monday, shares of the company ended at INR 4,318.40 on the National Stock Exchange, down 1.2% from the previous close.

Of the four brokerage reports on the company available with Informist, all have a ‘buy' recommendation on the stock with an average target price of INR 4,851. This is over 12 % higher than the current market price.

The following are the December quarter earnings estimates for KEI Industries from six brokerages in descending order of the estimate of net profit in INR billion:
 

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Edited by Saji George Titus

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