Board approves September-quarter and half-year results; unmodified auditor review, income-tax search note
Board met on 21 October 2026 and approved the Standalone and Consolidated Un-Audited Financial Results for the quarter and half year ended 30 September 2026, along with the Statutory Auditors' Limited Review Report.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 37,764.18 | 27,263.49 | +38.5% | 31,853.42 | +18.6% |
| Total income | 38,009.34 | 27,686.37 | +37.3% | 32,049.15 | +18.6% |
| Profit before tax | 3,532.30 | 2,772.78 | +27.4% | 3,691.64 | −4.3% |
| Profit after tax | 2,624.50 | 2,035.13 | +29% | 2,741.40 | −4.3% |
| Total comprehensive income | 2,623.74 | 2,034.68 | +29% | 2,746.99 | −4.5% |
| Basic EPS | 27.45 | 21.30 | +28.9% | 28.68 | −4.3% |
- Total income YoY change
- +37.3%
- Period
- Quarter ended 30-09-2026
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: Note 4 - Income Tax search operations at certain Company premises in May 2026; pending completion of proceedings, impact on results is currently not ascertainable.
- Associate's unaudited financial results (net profit/(loss) of Rs. Nil) furnished by Management; not material. Conclusion not modified.
Notes to the results
- Income-Tax search in May 2026 at some premises; no written communication received, impact not ascertainable; management sees no material adverse impact.
- QIP of ₹ 20,000 Million raised on November 28, 2024; net proceeds ₹ 19,656.33 Million; unutilised ₹ 1,629.00 Million in bank deposits and ₹ 60.12 Million in QIP Monitoring Account.
- Current Tax includes earlier years taxes of ₹ 58.81 Million; Deferred Tax is net of earlier years' Deferred Tax Asset of ₹ 56.12 Million.
What the board approved
- The Board of Directors met on 21 October 2026 and approved the Standalone and Consolidated Un-Audited Financial Results for the quarter and half year ended 30 September 2026.
- It also approved the Limited Review Report of the Statutory Auditors, Pawan Shubham & Co., Chartered Accountants, on those results.
- The consolidated results include one associate, KEI Cables SA Pty Limited, South Africa; in the management's opinion the finances of the associate are not material to the group.
What the auditor said
The auditors expressed an unmodified opinion, which means nothing in their review came to their attention that suggested the statement misses a required disclosure or contains a material misstatement. This is a review, not a full audit, so it gives moderate assurance. They also drew attention to Note 4, which describes an Income-Tax search in May 2026 at some premises, plants and residences of a few employees. Pending completion of the search proceedings and the final assessment, the impact is stated to be currently not ascertainable. Management, after considering available records, is of the view that there is no material adverse impact on the financial position and no material adjustments are required. The auditors' conclusion is not modified in respect of this matter.
The numbers, standalone
All figures below are ₹ in Million, as printed.
- Revenue from operations for the quarter ended 30 September 2026: 37,764.18, against 27,263.49 in the quarter ended 30 September 2025.
- Profit before tax for the quarter: 3,532.30.
- Net Profit for the period, quarter: 2,624.50, against 2,035.13 a year earlier.
- Revenue from operations for the half year ended 30 September 2026: 69,617.60.
The consolidated statement carries the same figures as the standalone statement.
QIP money and what is still unutilised
- Funds raised through a QIP in November 2024 aggregating to ₹ 20,000 Million.
- As at 30 September 2026, the unutilised amount of ₹ 1,629.00 Million has been invested/maintained in the form of bank deposits with scheduled banks.
- The update states the proceeds will be utilised as per the objects of the issue.
What a retail investor may want to track
- The Income-Tax search matter: the impact is described as not ascertainable until the search proceedings and final assessment are complete.
- How the remaining QIP money is deployed, since it was raised for stated objects.
- The quarterly trend in Revenue from operations and Net Profit for the period, since one quarter is a snapshot rather than a trend.
Also from KEI Industries
Caller Veena holding KEI Industries at average 4840 asked whether to hold or average up amid stock pressure from Ultratech's entry into cable business
23 Oct 2026
KEI Industries stock fell 18% this week after missing Q2 FY27 margin estimates and cutting its FY27 margin guidance
23 Oct 2026
KEI Industries to hold virtual group analyst/investor meeting with Goldman Sachs on 28.10.2026
23 Oct 2026
More numbers
- Revenue from operations, standalone, quarter ended 30-09-202637,764.18 (₹ in Million)
- Revenue from operations, standalone, quarter ended 30-09-202527,263.49 (₹ in Million)
- Profit before tax, standalone, quarter ended 30-09-20263,532.30 (₹ in Million)
- Net Profit for the period, standalone, quarter ended 30-09-20262,624.50 (₹ in Million)
- Net Profit for the period, standalone, quarter ended 30-09-20252,035.13 (₹ in Million)
- Revenue from operations, standalone, half year ended 30-09-202669,617.60 (₹ in Million)
- QIP funds raised in November 2024₹ 20,000 Million
- Unutilised QIP amount as at 30-09-2026₹ 1,629.00 Million
- Total income, latest quarter38,009.34 (₹ in Million)
- Total income, year-ago quarter27,686.37 (₹ in Million)
- Total income, previous quarter32,049.15 (₹ in Million)
- Total comprehensive income, latest quarter2,623.74 (₹ in Million)
- Total comprehensive income, year-ago quarter2,034.68 (₹ in Million)
- Total comprehensive income, previous quarter2,746.99 (₹ in Million)
- Profit after tax, latest quarter2,624.50 (₹ in Million)
- Profit after tax, year-ago quarter2,035.13 (₹ in Million)
- Profit after tax, previous quarter2,741.40 (₹ in Million)
- Revenue from operations, latest quarter37,764.18 (₹ in Million)
- Revenue from operations, year-ago quarter27,263.49 (₹ in Million)
- Revenue from operations, previous quarter31,853.42 (₹ in Million)
- Profit before tax, latest quarter3,532.30 (₹ in Million)
- Profit before tax, year-ago quarter2,772.78 (₹ in Million)
- Profit before tax, previous quarter3,691.64 (₹ in Million)
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