KEI Industries slips after Q1 PAT slides 14% QoQ to Rs 196 crore

KEI Industries declined 2% to Rs 3,909.25 after the company?s consolidated net profit dropped 13.6% to Rs 195.75 crore on an 11.13% decline in revenue to Rs 2,590.32 crore in Q1 FY26 over Q4 FY25.

On a year-on-year (YoY) basis, the company's net profit rose 30.28% to Rs 195.75 crore on a 25.44% increase in revenue to Rs 2,590.32 crore in Q1 FY26 over Q1 FY25.

Profit before tax jumped 29.83% year on year to Rs 263.23 crore in Q1 FY26.

EBITDA stood at Rs 298 crore in Q1 FY26, registering a growth of 28.45%, compared with Rs 232 crore recorded in the corresponding quarter last year. The EBITDA margin in this quarter has increased to 11.49% as against the 11.25% posted in Q1 FY25.

The company's revenue from Cables & Wires was at Rs 2,477.12 crore (up 31.77% YoY), and revenue from Stainless Steel Wire stood at Rs 52.13 crore (down 3.57% YoY) during the quarter.

However, the company's revenue from EPC projects fell 56.03% to Rs 99.41 crore in Q1 FY26.

KEI Industries manufactures wires and cables (W&C) like EHV cables, HT cables, and LT cables and sells them in India and overseas.

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