KEI Industries Q1 Results – Strong Growth, Margins Stable Despite Expansion Push

KEI Industries reported a solid Q1 performance with net profit rising to ₹1.96B vs ₹1.5B YoY – a 30% jump. Revenue grew impressively to ₹25.9B from ₹20.6B, reflecting strong demand in cables, infrastructure, and industrial segments. EBITDA also rose to ₹2.58B from ₹2.1B, but EBITDA margin slightly dipped to 9.96% vs 10.41% YoY. This minor margin compression likely reflects higher raw material or project execution costs, possibly linked to government/institutional orders, which are typically lower margin but high volume. Still, the business growth is healthy, and margin pressure seems manageable. The company continues to benefit from power sector capex, infra push, and export demand. Technically, the stock is trading strong with RSI near 65, indicating healthy momentum but not yet overheated. A breakout above recent highs with volume can signal a further uptrend. Overall, a positive outlook with slight margin caution, but backed by strong execution and sector tailwinds.