• The document is a regulatory filing containing the transcript of an earnings conference call held on Tuesday, 04th August 2026 to discuss the company's Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026 (Q1 FY27).
  • The call was hosted by Nuvama Institutional Equities, with Mr. Achal Lohade as the moderator.
  • Management participants included Mr. Anil Gupta (Chairman cum Managing Director) and Mr. Rajeev Gupta (Executive Director, Finance and Chief Financial Officer).
  • The transcript of the audio call recording was made available on the company's website at https://www.kei-ind.com/wp-content/uploads/2026/08/Transcript.pdf.
  • The filing is a compliance submission pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial & Operational Highlights from the Call

Q1 FY27 Financial Performance (YoY):

  • Net Sales: INR 3,185 crores (vs. INR 2,590 crores), growth of 23%.
  • Total Wire and Cable Sales: Growth of 24.4%.
  • Operating Margin: Improved to 12.43%.
  • EBITDA: INR 415 crores (vs. INR 297 crores), growth of 39.5%.
  • EBITDA Margin: 13.04% (vs. 11.49%).
  • Profit After Tax (PAT): INR 274 crores (vs. INR 195 crores), growth of 40%.
  • PAT Margin: 8.61% (vs. 7.56%).

Segment-wise Performance:

  • Domestic Wire and Cable Sales: INR 2,784 crores, growth of 29%.
  • Export Sales: INR 341 crores (vs. INR 375 crores), impacted by Middle East geopolitical issues and US custom duty challenges.
  • Extra High-Voltage (EHV) Cable Sales: INR 186 crores (vs. INR 126 crores), growth of 47%.
  • EPC Sales: INR 43 crores (vs. INR 61 crores).
  • Stainless-steel Wire Sales: INR 53 crores (vs. INR 51 crores).
  • Direct-to-Consumer (D2C / Retail) Contribution: 59% of sales (up from 51%).
  • Active Dealers: 2,128 as of June 30, 2026.

Balance Sheet & Other Metrics:

  • Pending Order Book: INR 4,292 crores (EPC: INR 271 cr, EHV Cable: INR 793 cr, Domestic Cable: INR 2,400 cr, Export Orders: INR 822 cr).
  • Cash and Bank Balances: INR 1,054 crores (includes unutilized QIP funds of INR 303 cr).
  • Book Value per share: INR 725.94 (vs. INR 697 on Mar 31, 2026).
  • Interest Income: INR 14.59 crores (included in Other Income).
  • Credit Ratings: CARE and ICRA long-term rating of AA+; short-term rating of A1+.

Capital Expenditure (Capex):

  • Q1 FY27 Capex incurred: INR 191 crores (INR 180 cr for Sanand plant).
  • Total Capex in Sanand till June 30, 2026: INR 1,722 crores.
  • Additional INR 300 crores to be spent in FY27 to complete the Sanand project.
  • Annual Capex guidance: INR 600-700 crores for the next 3-4 years.
  • A new capex of INR 700 crores announced for a facility in Salarpur (Bhiwadi).

Capacity Utilization (Q1 FY27):

  • Cable Division: 72%
  • House Wire Division: 61%
  • Stainless Steel Wire: 91%
  • Communication Cable: 45%

Management Commentary & Outlook:

  • The company is bullish on market demand from data centers, power T&D, renewable energy, EVs, infrastructure, railway electrification, and housing.
  • Growth guidance of more than 20% for the next 2-3 years.
  • Export growth is expected to pick up significantly for the full year despite a weak Q1.
  • Operating EBITDA margin is expected to be sustained in the 11%-12% range.
  • The Sanand plant is expected to contribute INR 1,500-2,000 crores in revenue in FY27 and reach 70-75% utilization by FY28.
  • The full revenue potential of the Sanand facility is estimated at INR 6,000-7,000 crores.

Additional Notes Section

  • The document is a formal submission of the earnings call transcript to the stock exchanges (BSE and NSE).
  • The transcript itself contains the full Q&A session with analysts, covering details on margins, growth constraints, working capital, inventory, and geographic market strategies.
  • The filing includes a digital signature from Mr. Kishore Kunal, Sr. VP (Corporate Finance) & Company Secretary, confirming its authenticity.