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  1. KEI Industries shares drop 9% as Q2 earnings fail to impress investors; all details here

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KEI Industries shares drop 9% as Q2 earnings fail to impress investors; all details here

Ahana Chatterjee - image.jpg

3 min read | Updated on October 16, 2025, 11:39 IST

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SUMMARY

On a consolidated basis, the company’s net sales for H1 FY26 came in at ₹5,316.67 crore as against ₹4,348.84 crore YoY

Stock list

KEI Industries’ shares are trading 14% below their 52-week high of ₹4,725, reached on October 15, 2024. | Image: Shutterstock

KEI Industries’ shares are trading 14% below their 52-week high of ₹4,725, reached on October 15, 2024. | Image: Shutterstock

KEI Industries shares tumble nearly 9% to an intraday low of ₹4,031.9 apiece on Thursday, October 16, as its September quarter earnings fail to impress the Street.
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The company’s consolidated net profit for the quarter ended September 30, 2025, (Q2 FY26) grew 31.2% to ₹204 crore as compared to ₹155 crore in the same quarter of the previous fiscal year.

Its revenue from operations also increased 22% year-on-year (YoY) to ₹2,726 crore as against ₹2,239 crore in the year-ago period.

On the operational front, KEI Industries' earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 50.4% to ₹269 crore from ₹179 crore in Q2 FY25.

Its operating profit margin, or EBITDA margin, expanded to 9.8% in Q2 FY26 in contrast to 7.9% in Q2 FY25.

On a consolidated basis, the company’s net sales for H1 FY26 came in at ₹5,316.67 crore as against ₹4,348.84 crore YoY. During H1 FY 26, EBIDTA was ₹609.26 crore against the same period in the previous year of ₹469.94 crore.

In Q2 FY26, KEI Industries’ domestic institutional cable and wire sale was at ₹581 crore as against ₹615 crore YoY. The company’s total institutional cable and wire sales, including exports, contributed 41.55% in Q2 FY26 compared to 38.71% in Q2 FY25.

Revenue growth in the quarter was driven by the core Cables & Wires segment, supported by strong domestic demand amid rising copper prices. Cables revenue surged 23% year-on-year, while SS wires declined 10% over the same period.

By the end of the quarter, KEI’s order book stood at ₹3,824 crore.

Founded in 1968, KEI Industries Limited specialises in manufacturing and marketing a broad portfolio of electrical wires and cables, including house wires, power cables (EHV, MV, LV), solar cables, and stainless steel wires.

Share price

Following the earnings, shares of KEI Industries slipped in trade on Thursday. At 11:30 AM, the stock was trading at ₹4,191.10 apiece on NSE, declining 5.19%.

KEI Industries’ shares are trading 14% below their 52-week high of ₹4,725, reached on October 15, 2024.

The stock has lost 2% in the last five trading sessions, while it has zoomed over 52% in a six-month period. From the beginning of the year, it has dropped more than 6%.

The company’s market capitalisation stands at ₹40,021.25 crore.

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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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