KEI Industries Limited — Q1FY27 earnings call summary

Filed 10 August 2026 · Official transcript

Management emphasizes disciplined capital allocation, cautious growth guidance despite strong demand
FY27 capex guidance INR600-700 Cr annually for 3-4 years; targeting 20%+ growth over next 2-3 years
Sanand plant capex at INR1,722 Cr with INR300 Cr more planned this year; capacity utilization at 72% cables, ramp-up ongoing
Q1 FY27 net sales grew 23% to INR3,185 Cr; EBITDA rose 39.5% to INR415 Cr; PAT up 40% to INR274 Cr
Multiple analyst queries on margin expansion, Sanand ramp-up, export outlook; management confident on sustaining 11-12% operating margin
Domestic wire and cable sales grew 29%, exports declined due to Middle East conflict and US customs issues but expected to rebound
Export target 17-18% of sales for FY27; growth expected post Q1 disruptions
Operating margin improved to 12.43%, EBITDA margin at 13.04% vs 11.49% YoY, driven by product mix and efficiencies