KEI Industries shares rise 8% on Q1 earnings, revenue growth guidance

Shares of KEI Industries zoomed over 8% in the late morning deals today after the wiremaker upgraded its revenue growth guidance. The management said it expects FY27 revenue growth at 25% plus against the earlier 20% plus. In Q1, consolidated net profit rose 40% to Rs 274 crore from Rs 196 crore in the corresponding period of the last year. Profit after tax margin rose to 8.61% in Q1 FY27 from 7.56% in the year-ago period.

Revenue from operations rose 23% year-on-year to Rs 3,185 crore in Q1 from Rs 2,590 crore in Q1 FY26, led by broad-based demand across the wires and cables segment and balanced business performance.

KEI Industries said EBITDA margin improved to 12% in Q1 from 10% in the corresponding period last year. EBITDA margin expanded by around 155 basis points.

The management expects EBITDA margin to be around 11-12% in FY27.

The wires and cables player said Data centres can also boost energy demand. Data centre business will boost demand for wires, cables.

KEI Industries shares zoomed over 8% to Rs 5415.95 today against the previous close of Rs 5010. Market cap of the firm rose to Rs 51,601 crore.