KEI Industries Limited – Q2 & H1 FY27 Financial Results Disclosure

Approved Items

The Board approved the following items at its meeting:

1. Standalone and Consolidated Un-Audited Financial Results for the quarter and half year ended September 30, 2026.

2. Limited Review Report of the Statutory Auditors on the aforesaid Standalone and Consolidated Un-Audited Financial Results.

Key Financial Figures (Standalone)

(All figures in ₹ Million)

Profit & Loss Statement:

| Particulars | Quarter ended 30-09-2026 | Quarter ended 30-09-2025 | % Change YoY | Half year ended 30-09-2026 | Half year ended 30-09-2025 | % Change YoY |

| Revenue from Operations | 37,764.18 | 27,263.49 | +38.5% | 69,617.60 | 53,166.65 | +30.9% |

| Other Income | 245.16 | 422.88 | -42.0% | 440.89 | 818.99 | -46.2% |

| Total Income | 38,009.34 | 27,686.37 | +37.3% | 70,058.49 | 53,985.64 | +29.8% |

| Total Expenses | 34,477.04 | 24,913.59 | +38.4% | 62,834.55 | 48,580.58 | +29.3% |

| Profit Before Tax (PBT) | 3,532.30 | 2,772.78 | +27.4% | 7,223.94 | 5,405.06 | +33.7% |

| Total Tax Expense | 907.80 | 737.65 | +23.1% | 1,858.04 | 1,412.46 | +31.5% |

| Net Profit | 2,624.50 | 2,035.13 | +29.0% | 5,365.90 | 3,992.60 | +34.4% |

| Basic EPS (₹) (not annualized) | 27.45 | 21.30 | +28.9% | 56.13 | 41.78 | +34.3% |

Segment-Wise Revenue (Standalone):

  • Cables & Wires: ₹36,685.22 million (Q2 FY27); ₹67,569.16 million (H1 FY27)
  • Stainless Steel Wire: ₹627.00 million (Q2 FY27); ₹1,162.66 million (H1 FY27)
  • EPC Projects: ₹1,035.63 million (Q2 FY27); ₹2,343.59 million (H1 FY27)

Balance Sheet Highlights (Standalone) as of September 30, 2026:

  • Total Assets: ₹96,192.88 million (vs. ₹89,559.78 million on Mar 31, 2026)
  • Inventories: ₹36,044.80 million (significant increase from ₹24,007.87 million)
  • Trade Receivables: ₹16,768.14 million
  • Cash & Cash Equivalents: ₹6,950.13 million (decrease from ₹14,440.39 million)
  • Total Equity: ₹72,033.64 million
  • Total Borrowings (Current): ₹2,850.69 million

Cash Flow (Standalone, H1 FY27):

  • Net Cash Used in Operating Activities: (₹4,889.67) million, primarily due to an increase in inventories (₹12,036.94 million) and other financial assets.
  • Net Cash Used in Investing Activities: (₹3,244.76) million, mainly for purchase of Property, Plant and Equipment & Capital Work-in-Progress (₹4,155.61 million).
  • Net Cash from Financing Activities: ₹644.60 million, from working capital loans.

Consolidated Results

The consolidated results are materially the same as the standalone results. The consolidation includes the financials of associate KEI Cables SA Pty Limited, South Africa. The management certifies that the associate's financials are not material to the group, and its share of profit/(loss) for the period is Nil.

Auditor's Review

The statutory auditors, Pawan Shubham & Co., have issued an unmodified limited review report on both the standalone and consolidated results. They drew attention to:

  • Note 4: Regarding the Income Tax search conducted in May 2026. Pending the final assessment, the consequent impact on the financial results is not ascertainable.

Notes to Accounts

1. Income Tax Search: Income-Tax authorities conducted a search in May 2026 at some company premises, plants, and employee residences. The company has cooperated fully. As of the results date, no written communication on the outcome has been received. Management believes there is no material adverse impact requiring adjustments to these results.

2. QIP Proceeds: Funds raised via QIP in November 2024 (₹20,000 million; net proceeds ₹19,656.33 million) are being utilized as per the issue objects. As of September 30, 2026, an unutilized amount of ₹1,629.00 million is invested in bank deposits, and ₹60.12 million is in the QIP Monitoring Account.

3. Tax Details: Current Tax for H1 FY27 includes ₹58.81 million for earlier years. Deferred Tax for H1 FY27 is net of Deferred Tax Asset of ₹56.12 million for earlier years.

4. The financial results are prepared in accordance with Ind AS.

Capital Structure

  • Paid-up Equity Share Capital: ₹191.20 million (Face Value ₹2 each)
  • No change in share capital during the period.

Availability

The results are available on the company's website (www.kei-ind.com) and the stock exchanges (BSE: www.bseindia.com, NSE: www.nseindia.com).