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23-Jan-2026

KEI Industries

Expect the revenue growth for FY26 full year to be 20% plus


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KEI Industries hosted a conference call on Jan 22, 2026. In the conference call the company was represented by Anil Gupta, CMD.

Key takeaways of the call

Order backlog/pending as end of Dec 2025 is Rs 3928 crore.  And of which EPC orders is Rs 361 crore, EHV Rs 717 crore, Exports Rs 424 crore and domestic institution cables is Rs 2426 crore.  

Expect the revenue growth for FY26 full year to be 20% plus with improvement in operating margin. With increase in copper price, the growth in Q4FY26 will be more than 25% plus.

Expect more than 20% of CAGR growth in next 4 years with commencement of commercial production at Sanand unit (fully commissioning of Sanand plant by end of FY27) as well as strong demand from domestic institutional cables segment.  Overall EBITDA margin for FY27 will be 11%.

Capex spend so far is Rs 928 crore in 9mFY26 including Rs 72...



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