Investor Presentation

KEI INDUSTRIES LIMITED KEI Industries Limited Q-2 FY 2027 Earnings Presentation October 21, 2026 Financial Performance Q-2 FY 27 Highlights %% %% Revenue ( in Crore ) PAT ( EBITDA ( in Crore) 88..6611 1133..0044 66..9955 1100..6622 3777 415 262 401 77..4466 3185 1111..4433 2727 204 28.69% 3.46% 38.52% 18.56% 28.96% 4.26% YoY QoQ YoY QoQ YoY QoQ Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27  Revenue growth of 38.52% YoY in Q2 FY27. Growth was driven by broad-based demand in Wires & Cables.  EBITDAgrowth of 28.69% YOY in Q2 FY27 due to better operating efficiency and better product mix.  PAT growth of 28.96% YoY in Q2 FY27. Financial Performance H1 FY 27 Highlights Revenue ( in Crore ) EBITDA PAT 1111..7733%% 77..7711%% 6962 1111..4466%% 816 77..5511%% 536 5317 609 30.94% 34.01% 34.40% YoY YoY YoY H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27  Revenue improved by 30.94% YoY in H1 FY 27.  EBITDAmargin in H1 FY 27 has improved to 11.73% as against 11.46% YoY.  PAT margin in H1 FY 27 has improved to 7.71% as against 7.51% YoY. Wires and Cables Domestic Wires & Cables ( in Crore ) Export Wires & Cables ( in Crore ) 3184 455 2784 2184 308 45.76% 14.36% 7.27% 47.54% QoQ YoY QoQ Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Particulars Q-2 FY 26 Q-1 FY 27 Q-2FY 27 Total Wires and Cables Sale including export 2609 3092 3639  The domestic Wires & Cables segment posted a healthy 45.76% YoY growth in the quarter, led by sustained demand and operational improvements.  Export Wires & Cables Sale increased by 7.27% YoY in Q2 FY 27, however, the Export business is expected to grow substantially due to strong order book position and strengthening demand in key Overseas Markets.  Out of total Wires & Cables sale, EHV cable sale increased to 217 crore in Q2 FY27 from 172 Crore in Q2 FY26, registering growth 26.20% YOY.  Total Wires & Cables Sale including export is 3639 Crore which contributed 96.35% in Q2 FY 27 as against 95.68% in Q2 FY 26.  Wires & Cables sale through dealer & distributors grown by 50.46% and contributed 58.79% of overall sale in Q2 FY 27 as against 54.12% in Q2 FY 26. The total active working dealer of the company as on 30.09.2026 was 2146 Nos. Wires and Cables Domestic Wires & Cables ( in Crore ) Export Wires & Cables ( in Crore ) 5968 757 763 4337 0.87% 37.59% H1 FY26 H1 FY27 H1 FY26 H1 FY27 Particulars H1 FY 26 H1 FY 27 Total Wires and Cables Sale including export 5094 6731  The domestic Wires & Cables segment posted a healthy 37.59% YoY growth in the H1 FY27, led by sustained demand and operational improvements.  Export Wires & Cables Sale increased by 0.87% YoY in H1 FY 27, however, the Export business is expected to grow substantially due to strong order book position and strengthening demand in key Overseas Markets.  Out of total Wires & Cables sale, EHV cable sale increased to 403 crore in H1 FY27 from 298 Crore in H1 FY26, registering growth 35.34% YOY.  Total Wires & Cables Sale including export is 6731 Crore which contributed 96.69% in H1 FY 27 as against 95.81% in H1 FY 26.  Wires & Cables sale through dealer & distributors grown by 46.44% and contributed 58.93% of overall sale in H1 FY 27 as against 52.69% in H1 FY 26. EPC Projects and SS Wire Q-2 FY 27 (EPC*) • EPC Sale (apart from Cable) decreased by 3.78% YoY in Q-2 FY 27. • During the H1 FY27 EPC contribution is 1.27%. 47 46 • Export Sale of EPC is 8 Crore in Q-2 FY 27 and 12 crore in H1 FY27. • SS Wire sale increased by 15.96% YoY in Q-2 FY 27 and also increased by 10.01% in H1 FY27 . • Export Sale of SS Wire is 30 Crore in Q-2 FY 27 and 58 crore in H1 FY27. Q2 FY26 Q1 FY27 Q2 FY27 QQ--22 FFYY 2277 ((SSSS wwiirree)) HH11 FFYY 2277 ((SSSS wwiirree)) HH11 FFYY 2277 ((EEPPCC**)) 61 104 53 53 89 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Q2 FY26 Q1 FY27 Q2 FY27 * EPC (Other than cable) Breakup of Revenue Q2 FY 27 H1 FY 27 Revenue ( in Crore) Revenue ( in Crore) SS Wires- SS Wires- 61 Other -31 114 Other -28 EPC-46 EPC-89 Wires and Wires and Cables- Particulars Amount Cables- Particulars Amount 6731 Wires and Cables 3639 3639 Wires and Cables 6731 EPC* 46 EPC* 89 SS Wires 61 SS Wires 114 Others 31 Others 28 Total 3777 Total 6962 * EPC (Other than cable) Other Information PENDING ORDERS Pending order is approx. 5,185 Crore. FINANCIAL CHARGES On standalone basis, financial charges of the company in Q2 FY27 was Crore as compared to last year same period of 14.16 Crore (Financial charges in terms of percentage is reduced to 0.46% from 0.52% of Net sales). In the H1 FY 27, it was 34.92 Crore as compared to last year same period of 28.66 Crore. (Financial charges in terms of percentage has decreased to 0.50% from 0.54% of Net sales). DEBT : Debt ( including CF and acceptance) as on 30.09.2026 : in Crore Particulars 31.03.25 31.03.26 30.09.26 Debt (TL+WC) 51 22 85 Channel Finance 127 164 200 Gross Debt 178 186 285 Cash & Bank Balances 1915 1513 698* Net Debt (1737) (1327) (413) Acceptances 246 735 727 Total Debt / (Cash) (1491) (592) 314 *Including unutilized QIP Proceeds Rs 168.91 Crore (including Interest Income Rs 91.18 Crore (net of TDS) earned on maturity of FDR) Profit & Loss Statement (Standalone) in Crore Quarter Year to date Particulars Q2FY27 % Q1FY27 % Q2FY26 % H1FY27 % H1FY26 % Revenue from Operations 3,777 100.00% 3,185 100.00% 2,727 100.00% 6,962 100.00% 5,317 100.00% COGS* 2,953 78.19% 2,397 75.23% 2,091 76.67% 5,350 76.85% 4,081 76.75% Contribution(A) 824 21.81% 788 24.77% 636 23.33% 1,612 23.15% 1,236 23.25% Employee cost 104 2.76% 104 3.27% 86 3.16% 208 2.98% 171 3.22% Other operating Exp 343 9.08% 289 9.07% 280 10.28% 632 9.07% 538 10.11% Total Operating Exp (B) 447 11.84% 393 12.34% 366 13.44% 840 12.05% 709 13.33% Other Income (C) 24 0.65% 20 0.61% 42 1.54% 44 0.63% 82 1.54% EBITDA (A-B+C) 401 10.62% 415 13.04% 312 11.43% 816 11.73% 609 11.46% Depreciation 31 0.81% 28 0.90% 20 0.74% 59 0.85% 40 0.75% Finance Cost 17 0.46% 18 0.55% 14 0.52% 35 0.50% 29 0.54% PBT 353 9.35% 369 11.59% 278 10.17% 722 10.38% 540 10.17% Income tax 91 2.40% 95 2.98% 74 2.71% 186 2.67% 141 2.66% PAT 262 6.95% 274 8.61% 204 7.46% 536 7.71% 399 7.51% Balance Sheet (Standalone) in Crore ASSETS H1 FY 27* FY 26 EQUITY AND LIABILITIES H1 FY 27* FY 26 Non-Current Assets Equity Fixed Assets 3,043.74 2,688.71 Equity Share Capital 19.12 19.12 Other Non Current Assets 121.15 110.44 Other Equity 7,184.24 6,645.83 Total Non Current Assets 3,164.89 2,799.15 Total Equity 7,203.36 6,664.95 Non-Current Liabilities Borrowings - - Other Non Current Liabilities 254.53 213.33 Current Assets Total Non Current Liabilities 254.53 213.33 Inventories 3,604.48 2,400.79 Current Liabilities Trade Receivables 1,676.82 1,841.66 Short Term Borrowings 285.07 186.20 Cash and Bank Balances 698.47 1,512.65 Trade Payables 1,333.04 1,334.58 Other Current Assets 474.63 401.73 Others -Current Liabilities 543.29 556.92 Total Current Assets 6,454.40 6,156.83 Total Current Liabilities 2,161.40 2,077.70 Total Assets 9,619.29 8,955.98 Total Equity and Liabilities 9,619.29 8,955.98 *H1 FY 27 - UNAUDITED Consolidated Financial Highlights • During the Q2 FY 27 Net Sales was 3,776.42 Crore as against same quarter in previous year of 2,726.35 Crore. • During the Q2 FY 27 EBIDTA was 401.05 Crore as against same quarter in the previous year of 311.63 Crore. • Further, PAT during the Q2 FY 27 was 262.45 Crore as against same quarter in the previous year of 203.51 Crore. PAT/Net Sale was 6.95% during the quarter as against 7.46% during last year same period. • During H1 FY 27, Net Sales was 6,961.76 Crore as against same period in previous year of 5,316.67 Crore. • During H1 FY 27 EBIDTA was 816.46 Crore as against same period in the previous year of 609.26 Crore. • Further, PAT during the H1 FY 27 was 536.59 Crore as against same period in the previous year of 399.26 Crore. PAT/Net Sale was 7.71% as against 7.51% during last year same period. Shareholding Related Information Shareholding Pattern as on [Showing first 8,000 characters — download PDF for full document]