KEI Industries reports strong H1 FY26 financials, advances project implementation

KEI Industries Limited reported a strong financial performance for the quarter and half-year ended September 30, 2025. Standalone net profit for the period reached ₹2,035.13 Million for the quarter and ₹3,992.60 Million for the half-year. Consolidated net sales for Q2 FY226 increased to ₹2726.35 Crore from ₹2283.82 Crore in the previous year, while H1 FY26 net sales rose to ₹5316.67 Crore from ₹4348.84 Crore, marking a 22.25% year-over-year growth. EBITDA margins also improved, with Q2 FY26 at 11.43% and H1 FY26 at 11.46%.

The company is making significant strides in project implementation. The board noted that the first phase of production for LT/HT Cables at the Sanand, Ahmedabad facility is expected to commission by November 2025, with EHV Cable production commencing by Q4 FY2026-27. Total pending orders are approximately ₹3,824 Crore. The company's debt (including CF and acceptance) as of September 30, 2025, stands at ₹(732) Crore.

Sales through the dealer/distribution market increased by 17.31% year-over-year in Q2 FY26, contributing 54.12% to the overall Q2 sales. Total active working dealers of the company numbered 2,343 as of September 30, 2025. Export institutional cable and wire sales increased by 116.19% year-over-year in Q2 FY26.