KEI INDUSTRIES Results Analysis-Q1FY27
$KEI Financial performance and key Operating Metrics (Consolidated) : Operating Revenue for Q1FY27 is Rs. 3,185 Crs., 22.97% growth YoY, Total Income is Rs. 3,205 Crs., 21.86% growth YoY, Gross Profit is Rs. 803 Crs., 30.03% growth YoY, EBITDA is Rs. 396 Crs., 53.42% growth YoY, EBITDA Margin is 12.43% improved by 247 basis points YoY, PBT Rs. 369 Crs., 40.24% growth YoY, PAT Rs. 274 Crs. 40.05% growth YoY. On QoQ basis Operating Revenue is down by 8.37%, Total Income is also down by 8.93%, Gross Profit is down by 8.45%, But EBITDA is up by 3.73%, However PBT is down by 2.12% and PAT is also down by 3.58%. Wire & cable sales: +24.4% YoY (core growth driver), Domestic wire & cable: INR 2,784 cr, +29% YoY Exports: INR 341 cr vs INR 375 cr (down YoY) due to execution/dispatch disruptions; management insists FY exports will still “grow substantially” and align with guidance. Capex spent to date: INR 1,722 cr; ~INR 300 cr more in FY27 (total project cost cited: INR 2,000 cr). FY27 capex paid in Q1: INR 191 cr, including INR 180 cr for Sanand. Annual capex run-rate: INR 600–700 cr per year for next 3–4 years, explicitly tied to maintaining 20%+ CAGR and long greenfield lead times. Order book: INR 4,292 cr : EPC: INR 271 cr., EHV: INR 793 cr., Domestic cable: INR 2,400 cr., Export: INR 822 cr.

















