KEI Industries Q2 Results: Net profit rises 31% YoY; revenue, EBITDA miss forecast

Cable and wire maker KEI Industries Ltd on Wednesday reported a 31.3% year-on-year rise in net profit for the September quarter, driven by strong revenue growth and stable operating margins, although the company missed street estimates on EBITDA performance.

Net profit rose to ₹204 crore for the quarter ended September 30, up from ₹155 crore a year earlier, and slightly above the ₹201 crore estimate in a CNBC-TV18 analysts’ poll.

Revenue from operations climbed 19.4% year-on-year to ₹2,726 crore, compared with ₹2,284 crore in the same period last year, but came in below the ₹2,772 crore analyst estimate.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 20% to ₹269.1 crore, versus ₹224.4 crore a year ago. However, it was below the ₹283 crore forecast in the CNBC-TV18 poll.

The company’s EBITDA margin came in at 9.9%, nearly flat compared to 9.8% in the year-ago period, but slightly lower than the estimated 10.2%, reflecting some pressure on operating efficiency.

Founded in 1968, KEI Industries is a leading Indian manufacturer of cables and wires, with operations spanning power cables, house wires, stainless steel wires, and engineering, procurement and construction (EPC) services. The company serves industrial, retail, and institutional clients both in India and overseas.

Headquartered in New Delhi, KEI has been expanding its footprint in international markets and premium domestic segments. It continues to benefit from strong infrastructure and real estate demand, especially in the power and housing sectors.

Shares of KEI Industries were up 1.4% ahead of the earnings release. The stock has gained more than 62% in the last six months.Read about our editorial guidelines and ethics policy