Shares of KEI Industries rallied 6.77% to Rs 5,363.20 during Tuesday’s trading session after the company reported a robust performance for the first quarter of FY27, driven by strong demand in its wires and cables business, improved operating efficiency, and margin expansion.
The company posted a 40% year-on-year (YoY) growth in consolidated net profit, which increased to Rs 274 crore in Q1 FY27 from Rs 196 crore in the same quarter last year. The profit growth was supported by an improvement in profitability, with the profit after tax (PAT) margin expanding to 8.61% in Q1 FY27 from 7.56% in Q1 FY26.
KEI Industries reported a 23% YoY rise in revenue from operations, reaching Rs 3,185 crore in Q1 FY27 compared with Rs 2,590 crore in Q1 FY26. The company attributed the growth to broad-based demand across its wires and cables portfolio and balanced performance across business segments.
The company’s EBITDA increased 39.57% YoY during the quarter, supported by better operational efficiency and an improved product mix. As a result, the EBITDA margin expanded by around 155 basis points to 13.04% in Q1 FY27, compared with 11.49% in Q1 FY26.
The core Wires & Cables business continued to be the key growth engine, recording strong performance during the quarter.
Domestic Wires & Cables sales grew 29.31% YoY, supported by sustained demand and operational improvements.
Total Wires & Cables sales, including exports, stood at Rs 3,092 crore, contributing 97.08% of total revenue in Q1 FY27 compared with 95.96% in Q1 FY26.
Dealer and distributor-led sales increased 41.98% YoY, contributing 59.09% of overall sales compared with 51.18% in the year-ago quarter.
The company’s active dealer network stood at 2,128 dealers as of June 30, 2026.
The Extra High Voltage (EHV) cable segment witnessed strong momentum, with sales rising to Rs 186 crore in Q1 FY27 from Rs 126 crore in Q1 FY26, marking a 47.74% YoY growth.
While export wires and cables sales declined 7.29% YoY during the quarter, the company expects overseas business to witness significant growth ahead, supported by a strong order book and improving demand in key international markets.
KEI Industries’ Q1 FY27 revenue performance was largely driven by its core Wires & Cables segment, which contributed Rs 3,092 crore to the company’s total revenue during the quarter. The Engineering, Procurement & Construction (EPC) business contributed Rs 43 crore, while the Stainless Steel (SS) Wires segment recorded revenue of Rs 53 crore.
Strong Order Book Provides Growth Visibility
The company’s pending order book stood at approximately Rs 4,292 crore, providing strong revenue visibility for upcoming quarters.
Technical Outlook: Stock Trades Above Key Moving Averages
From a technical perspective, KEI Industries shares are showing a mixed but stable setup. The 14-day Relative Strength Index (RSI) stood at 49.1, indicating the stock is neither in the overbought nor oversold zone. An RSI below 30 generally indicates oversold conditions, while a reading above 70 suggests overbought territory.
The stock is currently trading above all eight key Simple Moving Averages (SMAs), reflecting a bullish trend from a moving-average perspective.
Recent shareholding trends indicate continued institutional confidence in KEI Industries. Foreign Institutional Investors (FIIs) increased their stake slightly to 27.32% in the June 2026 quarter from 27.27% previously, while Mutual Fund holdings rose to 22.52% from 22.43% during the same period.
With strong quarterly earnings, healthy demand in the wires and cables segment, expanding margins, and a sizeable order pipeline, KEI Industries continues to attract investor attention following its strong Q1 FY27 performance.
