KEI profit rises 28.96% in second quarter as margin narrows
Key Facts
KEI Industries' consolidated net profit rose to 2,624.5 million Indian rupees in the second quarter of fiscal 2026–2027, ended September 2026, from 2,035.13 million rupees a year earlier, according to S&P Capital IQ data published on MarketScreener. Profit after tax grew 28.96% year on year, according to the company's official results presentation released in October 2026. Consolidated net sales for the period reached 3,776.42 crore rupees, with quarterly revenue rising 38.52% from the corresponding quarter of the previous fiscal year. Revenue expanded faster than profit as profit after tax accounted for a smaller share of net sales. The consolidated profit-after-tax margin was 6.95% in the reported quarter, according to the company's presentation. The margin stood at 7.46% in the second quarter of fiscal 2025–2026, leaving the latest results with higher profit in absolute terms and lower profitability relative to sales.
The company attributed revenue growth to "broad-based demand for wires and cables", describing a business that, including exports, accounted for 96.35% of sales in the quarter ended September 2026. The domestic market led sales expansion in this business, with domestic wire and cable sales rising 45.76% year on year, according to the official presentation. In overseas markets, wire and cable exports increased 7.27% over the same period from the corresponding quarter a year earlier. Domestic sales thus grew faster than exports, with both parts of the business reported by the company continuing to expand. By sales channel, wire and cable sales through dealers and distributors rose 50.46% year on year in the second quarter of fiscal 2026–2027. Growth in this channel outpaced both domestic sales and exports within the wire and cable business, which accounts for the vast majority of the company's sales.
On a consolidated operating basis, earnings before interest, taxes, depreciation and amortisation reached 401.05 crore rupees in the second quarter of fiscal 2026–2027, according to the official results presentation. These earnings rose 28.69% year on year from the corresponding period, a pace close to profit-after-tax growth and slower than quarterly revenue expansion. Outside wire and cable sales, sales from engineering, procurement and construction projects, excluding cables, fell 3.78% from the same quarter a year earlier. Growth in the wire and cable business thus coincided with a contraction in project sales excluding that product, rather than gains across all activities cited in the results. Against the backdrop of the quarterly performance, the company recorded revenue growth of 30.94% year on year in the first half of fiscal 2026–2027, putting second-quarter revenue growth above the rate for the first half as a whole.
The company's outstanding order book stood at about 5,185 crore rupees, according to the October 2026 results presentation, alongside sales recorded during the reported period. The company scheduled an earnings call with investors for 22 October 2026, according to its official call notice. The discussion covers results for the second quarter and first half of fiscal 2026–2027, both included in the company's presentation. The notice set the call's start time at 12 noon India time that day. Nuvama Wealth Management is organising the call, which follows the announcement of financial performance for the period ended September 2026.