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KEI INDUSTRIES LIMITED KEI Industries LimitedQ-2 FY 2027Earnings PresentationOctober 21, 2026
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Revenue growth of 38.52% YoY in Q2 FY27. Growth was driven by broad-based demand in Wires & Cables.EBITDA growth 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 Q-2 FY 27 Highlights 272731853777Q2 FY26 Q1 FY27 Q2 FY27Revenue ( in Crore ) 38.52%YoY 18.56%QoQ 312 415 401 Q2 FY26 Q1 FY27 Q2 FY27EBITDA ( in Crore)%%13.0413.0410.6210.62 3.46% QoQ28.69% YoY11.4311.43 204 274 262 Q2 FY26 Q1 FY27 Q2 FY27PAT ( 28.96%YoY 4.26%QoQ%%7.467.46 8.618.616.956.95
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Financial Performance H1 FY 27 Highlights 53176962H1 FY26 H1 FY27Revenue ( in Crore ) 30.94%YoY 609816H1 FY26 H1 FY27EBITDA 34.01% YoY11.46%11.46% 11.73%11.73% 399536H1 FY26 H1 FY27PAT 34.40% YoY7.71%7.71%7.51% 7.51% Revenue improved by 30.94% YoY in H1 FY 27.EBITDA margin 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 .
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Wires and Cables The domestic Wires & Cables segment posted a healthy 45.76% YoY growth in the quarter, led by sustained demandand operational improvements.Export Wires & Cables Sale increased by 7.27% YoY in Q2 FY 27, however, the Export business is expected to growsubstantially due to strong order book position and strengthening demand in key Overseas Markets.Out of total Wires & Cables sale, EHV cable sale increased to217 crore in Q2 FY27 from172 Crore in Q2 FY26,registering growth 26.20% YOY.Total Wires & Cables Sale including export is3639 Crore which contributed 96.35% in Q2 FY 27 as against95.68% 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. 218427843184Q2 FY26 Q1 FY27 Q2 FY27Domestic Wires & Cables ( in Crore ) 45.76%YoY 14.36%QoQ 425308455Q2 FY26 Q1 FY27 Q2 FY27Export Wires & Cables ( in Crore ) 7.27%YoY 47.54%QoQQ-2 FY 27Q-1 FY 27Q-2 FY 26Particulars363930922609Total Wires and Cables Sale including export
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Wires and Cables The domestic Wires & Cables segment posted a healthy 37.59% YoY growth in the H1 FY27, led by sustaineddemand and operational improvements.Export Wires & Cables Sale increased by 0.87% YoY in H1 FY 27, however, the Export business is expected to growsubstantially due to strong order book position and strengthening demand in key Overseas Markets.Out of total Wires & Cables sale, EHV cable sale increased to403 crore in H1 FY27 from298 Crore in H1 FY26,registering growth 35.34% YOY.Total Wires & Cables Sale including export is6731 Crore which contributed 96.69% in H1 FY 27 as against95.81% 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. 43375968H1 FY26 H1 FY27Domestic Wires & Cables ( in Crore ) 37.59%YoY 757763H1 FY26 H1 FY27Export Wires & Cables ( in Crore ) 0.87%YoYH1 FY 27H1 FY 26Particulars67315094Total Wires and Cables Sale including export
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H1 FY 27 (EPC*) H1 FY 27 (EPC*) 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%.• 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.H1 FY 27 (SS wire) H1 FY 27 (SS wire)Q-2 FY 27 (SS wire) Q-2 FY 27 (SS wire) EPC Projects and SS Wire 53 53 61 Q2 FY26 Q1 FY27 Q2 FY27 104 114 H1 FY26 H1 FY27 108 89 H1 FY26 H1 FY27 47 43 46 Q2 FY26 Q1 FY27 Q2 FY27 * EPC (Other than cable)
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Breakup of Revenue Q2 FY 27 H1 FY 27 * EPC (Other than cable) Wires and Cables-3639EPC-46SS Wires-61Other - 31Revenue (in Crore) Wires and Cables-6731EPC-89SS Wires-114Other - 28Revenue (in Crore) AmountParticulars3639Wires and Cables46EPC*61SS Wires31Others3777TotalAmountParticulars6731Wires and Cables89EPC*114SS Wires28Others6962Total
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PENDING ORDERSPending order is approx. 5,185 Crore. FINANCIAL CHARGESOn standalone basis, financial charges of the company in Q2 FY27 wasCrore as compared to last yearsame period of14.16 Crore (Financial charges in terms of percentage is reduced to 0.46% from 0.52% of Netsales).In the H1 FY 27, it was34.92 Crore as compared to last year same period of28.66 Crore. (Financial chargesin 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 : Other Information in Crore30.09.2631.03.2631.03.25Particulars852251Debt (TL+WC)200164127Channel Finance285186178Gross Debt698*15131915Cash & Bank Balances(413)(1327)(1737)Net Debt727735246Acceptances314(592)(1491)Total Debt / (Cash)*Including unutilized QIP Proceeds Rs 168.91 Crore (including Interest Income Rs 91.18 Crore (net of TDS) earned on maturity of FDR)
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Profit & Loss Statement (Standalone)in CroreYear to date Quarter Particulars%H1FY26 %H1FY27 %Q2FY26 %Q1FY27 %Q2FY27 100.00%5,317100.00%6,962100.00%2,727100.00%3,185100.00%3,777Revenue from Operations76.75%4,08176.85%5,35076.67%2,09175.23%2,39778.19%2,953COGS*23.25%1,23623.15%1,61223.33%63624.77%78821.81%824Contribution(A)3.22%1712.98%2083.16%863.27%1042.76%104Employee cost10.11%5389.07%63210.28%2809.07%2899.08%343Other operating Exp13.33%70912.05%84013.44%36612.34%39311.84%447Total Operating Exp (B)1.54%820.63%441.54%420.61%200.65%24Other Income (C)11.46%60911.73%81611.43%31213.04%41510.62%401EBITDA (A-B+C)0.75%400.85%590.74%200.90%280.81%31Depreciation0.54%290.50%350.52%140.55%180.46%17Finance Cost10.17%54010.38%72210.17%27811.59%3699.35%353PBT 2.66%1412.67%1862.71%742.98%952.40%91Income tax7.51%3997.71%5367.46%2048.61%2746.95%262PAT
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in CroreFY 26H1 FY 27*EQUITY AND LIABILITIESFY 26H1 FY 27*ASSETSEquityNon-Current Assets19.1219.12Equity Share Capital2,688.713,043.74Fixed Assets6,645.837,184.24Other Equity110.44121.15Other Non Current Assets6,664.957,203.36Total Equity2,799.153,164.89Total Non Current AssetsNon-Current Liabilities--Borrowings213.33254.53Other Non Current Liabilities213.33254.53Total Non Current LiabilitiesCurrent AssetsCurrent Liabilities2,400.793,604.48Inventories186.20285.07Short Term Borrowings1,841.661,676.82Trade Receivables 1,334.581,333.04Trade Payables1,512.65698.47Cash and Bank Balances556.92543.29Others - Current Liabilities401.73474.63Other Current Assets2,077.702,161.40Total Current Liabilities6,156.836,454.40Total Current Assets8,955.989,619.29Total Equity and Liabilities8,955.989,619.29Total Assets Balance Sheet (Standalone) *H1 FY 27 - UNAUDITED
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• During the Q2 FY 27 Net Sales was3,776.42 Crore as against same quarter in previousyear of2,726.35 Crore.• During the Q2 FY 27 EBIDTA was401.05 Crore as against same quarter in the previousyear of311.63 Crore.• Further, PAT during the Q2 FY 27 was262.45 Crore as against same quarter in theprevious year of203.51 Crore. PAT/Net Sale was 6.95% during the quarter as against7.46% during last year same period.• During H1 FY 27, Net Sales was6,961.76 Crore as against same period in previous yearof5,316.67 Crore.• During H1 FY 27 EBIDTA was816.46 Crore as against same period in the previous yearof609.26 Crore.• Further, PAT during the H1 FY 27 was536.59 Crore as against same period in theprevious year of399.26 Crore. PAT/Net Sale was 7.71% as against 7.51% during lastyear same period. Consolidated Financial Highlights
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Cautionary Statement:The statement in this earning presentation, except historical figures, describing the Company’sprojections, estimates, expectations are forward–looking statements within the meaning of applicable securities laws andregulations. Actual results could differ materially from those expressed or implied. Important factors that could make adifference to the Company’s operations include economic conditions affecting demand/supply and price conditions in thedomestic and overseas markets in which the Company operates; changes in the Government regulations, tax, corporate andother laws and other related factors. Shareholding Related Information Promoters- 35.00% DII- 26.26% FII- 26.14% Public & other-12.60%Shareholding Pattern as on 30.09.2026