KEI Industries517569Cables and wires
KEI Industries' chairman discussed Q2 results showing 29% profit growth but margin miss, and guided on volume, margin, export and capex outlook amid UltraTech's entry into the cable segment
By ScoutQuest · · 1 min read
- Profit growth
- 29 percent
- Q2 EBITDA margin
- 10.62 percent
- Full year margin guidance
- around 11 percent
- Prior margin guidance range
- 11 to 12 percent
- Sanand revenue target FY27
- 1500 crore rupees
Heard on business television between 09:32:11 - 09:35:11 IST.
- Anil Gupta, Chairman and MD of KEI Industries, said profit was up 29% with strong revenue growth but margins missed expectations.
- He guided full year volume growth above 10% and revenue CAGR above 25%, expecting to grow close to 30% in revenue this year.
- Q2 EBITDA margin stood at 10.62%; he said he expects to maintain around 11% for the full year, against an earlier guidance of 11-12%.
- Sanand facility revenue target narrowed to a little better than 1,500 crore rupees for FY27; EHV facility at Sanand to be commissioned by end of March 2027.
- Export order book is at an all-time high of around 1,000 crore rupees; export growth up 7% with Middle East demand intact despite logistics issues.
- On UltraTech's entry into cables with 1,800 crore rupees capex, Gupta said KEI's own capex in Chopanki (now called Thailand in transcript) is 2,000 crore rupees over two and a half years, and said the street is overestimating the competitive impact, expressing confidence in maintaining market share.
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Source: Live TV News Channel · 22 Oct 2026
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