KEI Industries Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
KEI Industries reported Q1 FY27 net sales of Rs 3,185 crores, up 23% year-on-year, with EBITDA growing 39.5% to Rs 415 crores and operating margin improving to 12.43%-13.04% range depending on the metric cited. Management attributed the margin improvement to product mix, a higher share of retail distribution sales at 59%, and operating leverage as fixed costs grew slower than sales. Export sales declined due to disruptions from the Iran conflict and US customs duty issues, while domestic wire and cable sales grew 29% and the Sanand facility continued its capacity ramp-up.
KEI Industries reported Q4 FY26 net sales of Rs 3,476 crore, up 19.27%, with EBITDA margin at 12.21% and PAT of Rs 284.31 crore, up 25.5%. For full year FY26, net sales rose 20.66% to Rs 11,746 crore with EBITDA up 30.56% to Rs 1,387 crore. Management discussed the Sanand plant ramp-up, export market dynamics including US and Middle East shipping disruptions, and volume growth expectations for FY27.