Cable maker KEI Industries Ltd on Tuesday (July 22) beat expectations, reporting a 30.4% year-on-year (YoY) jump in net profit at ₹195.7 crore for the June quarter over ₹150 crore in Q1FY25.
The CNBC-TV18 poll had predicted a profit of ₹179 crore for the quarter under review.
The company’s revenue from operations surged 25.4% to ₹2,590 crore against ₹2,065 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹2,412 crore for the quarter under review.
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At the operating level, EBITDA rose 17.7% to ₹258 crore over ₹219 crore a year ago. The CNBC-TV18 poll had predicted an EBITDA of ₹247 crore.
The EBITDA margin contracted slightly to 10% in the reporting quarter compared to 10.4% YoY. The CNBC-TV18 poll had predicted a margin of 10.2% for the quarter under review.
KEI Industries’ board of directors reviewed the implementation progress of its upcoming cable manufacturing facility at Sanand, Ahmedabad, Gujarat. The company noted that the first phase of production for low-tension (LT) and high-tension (HT) cables is expected to commence by September 2025. Production of extra high-voltage (EHV) cables is scheduled to begin in the first quarter of FY 2026-27.
Also Read: KEI Industries eyes 17-18% revenue growth in FY26, aided by renewables and realty
The results came after the close of the market hours. Shares of KEI Industries Ltd ended at ₹3,975.10, up by ₹4.15 or 0.10%, on the BSE.
