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Informist, Monday, May 4, 2026

 

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--KEI Ind Jan-Mar net profit INR 2.84 bln 
--Analysts saw KEI Ind Jan-Mar net profit at INR 2.45 bln 
--KEI Ind Jan-Mar revenue INR 34.76 bln 
--Analysts saw KEI Ind Jan-Mar revenue at INR 34.25 bln 
--KEI Ind Jan-Mar net profit INR 2.84 bln vs INR 2.27 bln year ago 
--KEI Ind Jan-Mar revenue INR 34.76 bln vs INR 29.15 bln year ago 
--KEI Ind FY26 net profit INR 9.18 bln vs INR 6.96 bln year ago 
--KEI Ind FY26 revenue INR 117.48 bln vs INR 97.36 bln year ago 
--KEI Ind Jan-Mar EBITDA INR 4.24 bln vs INR 3.38 bln year ago 
--KEI Ind Jan-Mar EBITDA margin 12.21% vs 11.61% year ago 

 

By Eshitva Prakash

 

MUMBAI – KEI Industries Ltd.'s net profit and revenue for the March quarter surpassed Street's projections. This marked the slowest bottom line growth for the company in 2025-26 (Apr-Mar), while its top line rose at a nearly similar pace as the previous few quarters. A decent traction in the company's wires and cables segment supported revenue growth, but high costs of materials consumed limited its profitability.

 

The engineering, procurement, and construction company's net profit rose 25.5% on year to INR 2.84 billion for the quarter, comfortably beating analysts' consensus estimate of INR 2.45 billion. Its revenue for the reporting period rose 19.3% to INR 34.76 billion, slightly higher than the Street estimate and largely unchanged from the previous two quarters.  

 

A majority of the company's top line growth came from traction in its biggest segment--wires and cables. The company earned INR 32.97 billion from this segment, up 18% from the year-ago quarter. Engineering, procurement, and construction projects contributed INR 2.23 billion to its top line, similar to the year-ago quarter, and the balance amount came from its stainless steel wire segment. 

 

The company incurred total expenses of INR 31.42 billion, up 18.7% on year, mainly led by a 24.3% on-year increase in cost of materials consumed to INR 27.31 billion. Cost of materials consumed rose 19.6% sequentially, registering the sharpest sequential rise in the metric in 16 quarters. Costs classified under 'other expenses' rose 14.9% on year to INR 3.25 billion.

 

The company's earnings before interest, tax, depreciation, and amortisation, or EBITDA, was INR 4.24 billion, up over 25% from INR 3.38 billion a year ago. The company's EBITDA margin improved to 12.21% in the March quarter from 11.61% year ago. The company had a cash balance of INR 5.92 billion as of Mar. 31, much lower than INR 14.91 billion held a year ago. 

 

Currently, the pending orders with the company are worth around INR 35.85 billion, according to an investor presentation. The share of institutional cable and wire sales, including exports, in total sales declined in the March quarter. The segment accounted for 40.37% of the company's revenue, lower than 45.57% in the year-ago quarter. Domestic institutional cable and wire sales rose almost 6% to INR 8.04 billion and extra high voltage sales rose more than 21% to INR 1.88 billion in Jan-Mar.

 

For FY26, the company reported a net profit of INR 9.18 billion, up almost 32% on year. Its revenue rose more than 21% to INR 117.48 billion. This financial performance is largely in line with the estimates from Prabhudas Lilladher Pvt. Ltd., which had pegged the company's revenue for the full year at INR 117.88 billion and net profit at INR 8.90 billion. 

 

On Monday, shares of the company ended over 4% higher at INR 5,058.30 on the National Stock Exchange. The company reported its March quarter earnings after market hours.  End

 

Edited by Tanima Banerjee

 

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