{"id":173269,"date":"2026-01-22T03:06:10","date_gmt":"2026-01-22T08:06:10","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=173269"},"modified":"2026-01-22T03:11:54","modified_gmt":"2026-01-22T08:11:54","slug":"kei-industries-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/kei-industries-q3-fy26-earnings-results\/","title":{"rendered":"KEI Industries Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Incorporated in 1968, KEI Industries Ltd manufactures wires and cables (W&amp;C) like EHV cables, HT cables, LT cables, and sells them in India and overseas.<\/p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b92,954.7 crore, up 19.5% YoY from \u20b92,472.3 crore; broadly in line with estimates.<\/li>\n\n\n\n<li>EBITDA: \u20b9353.9 crore, up 39.1% YoY from \u20b9254.5 crore; EBITDA margin 11.98% vs 10.29% in Q3 FY25 (\u2248170 bps expansion).<\/li>\n\n\n\n<li>Profit Before Tax (PBT): \u20b9314.7 crore, up ~42% YoY from \u20b9221.2 crore.<\/li>\n\n\n\n<li>Profit After Tax (PAT): \u20b9234.9 crore, up 43% YoY from \u20b9164.8 crore; PAT margin ~8.0%.<\/li>\n\n\n\n<li>Segment \u2013 Cables &amp; Wires: Revenue \u20b92,821 crore in Q3 FY26, contributing the bulk of topline and driving overall performance.\u200b<\/li>\n\n\n\n<li>Distribution\/Dealer Channel: Sales through dealer\/distribution market \u20b91,612 crore, up 29.2% YoY from \u20b91,247 crore, reflecting strong retail traction.\u200b<\/li>\n\n\n\n<li>9M FY26 performance:\n<ul class=\"wp-block-list\">\n<li>Net Sales: \u20b98,271.4 crore, up 21.3% YoY from \u20b96,821.1 crore.\u200b<\/li>\n\n\n\n<li>EBITDA: \u20b9963.2 crore, up 33.0% YoY from \u20b9724.6 crore.\u200b<\/li>\n\n\n\n<li>PAT: \u20b9634.1 crore, up 35.0% YoY from \u20b9469.7 crore.\u200b<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Decisions \u2013 Q3 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management underlined that Q3 FY26 <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/9f45cd02-2294-4edb-a32d-2729526647ec.pdf\" target=\"_blank\" rel=\"noopener\">delivered robust double\u2011digit growth<\/a> in revenue and strong margin expansion on the back of healthy demand in the core cables &amp; wires business and strong dealer\/distribution momentum.<\/li>\n\n\n\n<li>The company reiterated its medium\u2011term growth aspiration of ~20% annual revenue growth, stating that new entrants are not expected to materially derail its trajectory given brand strength, execution capabilities, and channel depth.<\/li>\n\n\n\n<li>Strategic actions and focus:\n<ul class=\"wp-block-list\">\n<li>Continued push on retail\/dealer channel to drive higher\u2011margin business, evidenced by 29% YoY growth in distributor sales to \u20b91,612 crore.<\/li>\n\n\n\n<li>Ongoing capacity expansion and capex to support growth in power cables, house wires, and institutional projects, while maintaining a lean balance sheet.<\/li>\n\n\n\n<li>Capital allocation: Interim dividend of \u20b94.50 per share (225% of face value) declared for FY26; Board also approved voluntary delisting from the Calcutta Stock Exchange (CSE).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/KEI-Industries-Q3-FY26-Earnings-Results-839x1024.png\" alt=\"\" class=\"wp-image-173270\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/KEI-Industries-Q3-FY26-Earnings-Results-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/KEI-Industries-Q3-FY26-Earnings-Results-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/KEI-Industries-Q3-FY26-Earnings-Results-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/KEI-Industries-Q3-FY26-Earnings-Results-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/KEI-Industries-Q3-FY26-Earnings-Results.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q2 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b92,726 crore, up 19.4% YoY from \u20b92,284 crore; modestly below street estimates.\u200b<\/li>\n\n\n\n<li>EBITDA: \u20b9269.1 crore, up 20% YoY from \u20b9224.4 crore; EBITDA margin 9.9%, flat YoY and slightly below expected 10.2%.\u200b<\/li>\n\n\n\n<li>Profit After Tax (PAT): \u20b9204 crore, up 31.3% YoY from \u20b9155 crore.\u200b<\/li>\n\n\n\n<li>H1 FY26: EBITDA margin 9.9% vs 10.2% in H1 FY25, indicating mild operating\u2011efficiency pressure despite strong topline growth.\u200b<\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Directions \u2013 Q2 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management pointed out that Q2 FY26 saw strong double\u2011digit revenue and profit growth, driven by healthy demand in the cables &amp; wires segment, though revenue and EBITDA were slightly below analyst expectations.\u200b<\/li>\n\n\n\n<li>Margins were impacted by operating\u2011efficiency headwinds and cost pressures, but remained stable YoY, with the company expecting improvement as operating leverage and mix benefits play out.\u200b<\/li>\n\n\n\n<li>The company reaffirmed its growth focus on the retail\/dealer segment, capacity expansion and disciplined execution, setting the base for stronger margins and growth in H2 FY26 (which materialised in Q3 with ~12% EBITDA margin).<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Incorporated in 1968, KEI Industries Ltd manufactures wires and cables (W&amp;C) like EHV cables, HT cables, LT cables, and sells them in India and overseas. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions \u2013 Q3 FY26 Q2 FY26 Earnings Results Management Commentary &amp; Strategic Directions \u2013 Q2 FY26 To view the company\u2019s previous earnings [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":173270,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[2132],"class_list":["post-173269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-industrials","tag-manufacturing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/KEI-Industries-Q3-FY26-Earnings-Results.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":169755,"url":"https:\/\/alphastreet.com\/india\/kei-industries-ltd-q1-fy26-earnings-results-31-rise-in-profits\/","url_meta":{"origin":173269,"position":0},"title":"KEI Industries Ltd Q1 FY26 Earnings Results &#8211; 31% rise in Profits","author":"Chirag Gupta","date":"August 5, 2025","format":false,"excerpt":"Incorporated in 1968, KEI Industries Ltd manufactures wires and cables (W&C) like EHV cables, HT cables, LT cables, and sells them in India and overseas. Presenting below are its Q1 FY26 earnings. \u00a0 Q1 FY26 Earnings Summary Net Sales: \u20b92,590 crore, up 25.42% year-over-year (YoY) from \u20b92,065 crore in Q1\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"KEI Industries Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171532,"url":"https:\/\/alphastreet.com\/india\/kei-industries-q2-fy26-earnings-results\/","url_meta":{"origin":173269,"position":1},"title":"KEI Industries Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 15, 2025","format":false,"excerpt":"Incorporated in 1968, KEI Industries Ltd manufactures wires and cables (W&C) like EHV cables, HT cables, LT cables, and sells them in India and overseas. Presenting below are its Q2 FY26 earnings results. \u00a0 Q2 FY26 Earnings Results Revenue from operations: \u20b92,726 crore, up 19% YoY from \u20b92,284 crore. Net\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"KEI Industries Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/KEI-Industries-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/KEI-Industries-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/KEI-Industries-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/KEI-Industries-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/KEI-Industries-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/KEI-Industries-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169659,"url":"https:\/\/alphastreet.com\/india\/r-r-kabel-ltd-q1-fy26-earnings-results-41-rise-in-profits\/","url_meta":{"origin":173269,"position":2},"title":"R R Kabel Ltd Q1 FY26 Earnings Results &#8211; 41% rise in Profits","author":"Chirag Gupta","date":"August 1, 2025","format":false,"excerpt":"Incorporated in 1995, RR Kabel provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes in two major segments, namely wires and cables including house wires, industrial wires, power cables, and special cables; and FMEG including fans, lighting, switches, and appliances. Presenting below are its Q1 FY26 earnings.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"RR Kabel Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172098,"url":"https:\/\/alphastreet.com\/india\/r-r-kabel-q2-fy26-earnings-results\/","url_meta":{"origin":173269,"position":3},"title":"R R Kabel Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 4, 2025","format":false,"excerpt":"Incorporated in 1995, RR Kabel provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes in two major segments, namely wires and cables including house wires, industrial wires, power cables, and special cables; and FMEG including fans, lighting, switches, and appliances. \u00a0 Q2 FY26 Earnings Results: Revenue from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"RR Kabel Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/RR-Kabel-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/RR-Kabel-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/RR-Kabel-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/RR-Kabel-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/RR-Kabel-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/RR-Kabel-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178480,"url":"https:\/\/alphastreet.com\/india\/apar-industries-q3-fy26-earnings-results\/","url_meta":{"origin":173269,"position":4},"title":"Apar Industries Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"January 30, 2026","format":false,"excerpt":"Executive Summary Apar Industries Ltd reported Q3FY26 revenues of \u20b95,480 crore, up 16.2% YoY, with consolidated net profit rising 19.43% to \u20b9209 crore. Total expenses increased 14.87% YoY to \u20b95,182 crore, reflecting strong growth across conductors, cables, and specialty oils segments. Revenue & Growth Revenues grew to \u20b95,480.00 crore in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/AP.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/AP.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/AP.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/AP.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/AP.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/AP.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170666,"url":"https:\/\/alphastreet.com\/india\/kec-international-q1-fy26-earnings-results\/","url_meta":{"origin":173269,"position":5},"title":"KEC International Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 27, 2025","format":false,"excerpt":"KEC International is a global infrastructure EPC major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. It is the flagship Company of the RPG Group. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"KEC International Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-19.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-19.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-19.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-19.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-19.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-19.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=173269"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173269\/revisions"}],"predecessor-version":[{"id":173271,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173269\/revisions\/173271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/173270"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=173269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=173269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=173269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}