The cables and wires maker reported a 42.5% year-on-year jump in net profit at ₹234.8 crore for Q3FY26, compared with ₹164.8 crore in the year-ago period. Revenue from operations rose 19.5% year-on-year to ₹2,954 crore, up from ₹2,472 crore, reflecting sustained momentum across key segments.
Operating performance also improved meaningfully, with EBITDA increasing 30.5% year-on-year to ₹320.4 crore from ₹245.5 crore. As a result, the EBITDA margin expanded to 10.8% during the quarter, compared with 9.9% in Q3FY25, indicating better cost efficiencies and operating leverage.
The robust earnings underline KEI Industries’ ability to capitalise on strong demand conditions while improving profitability amid a supportive operating environment.
Sectorally, performance was driven by strong momentum in the core cables and wires business, which reported revenue of ₹2,821 crore in Q3FY26, accounting for the bulk of the company’s topline, and profit before interest and tax of ₹337 crore.
The EPC segment posted revenue of ₹137 crore during the quarter, supported by ongoing execution of power and industrial projects, though profitability remained modest with a profit of ₹1.7 crore.
KEI has been strengthening its technology and product portfolio as well. The company operates under a technical collaboration agreement with BRUGG, enabling it to manufacture extra-high voltage (EHV) cables up to 400 kV, positioning KEI to tap large transmission and renewable energy projects.
Alongside the results, KEI’s board declared an interim dividend of ₹4.50 per share (225%) for FY26, with January 28 fixed as the record date. The board also approved the voluntary delisting of the company’s equity shares from the Calcutta Stock Exchange, while continuing to remain listed on the NSE and BSE, citing the absence of active trading on the regional exchange.
During the quarter, KEI also commenced the first phase of commercial production at its greenfield LT/HT cables facility in Sanand, Gujarat, a move expected to enhance capacity and improve supply-chain efficiencies going forward.
Q2 results
KEI Industries reported a 31.3% year-on-year increase in net profit at ₹204 crore for the September quarter, from ₹155 crore a year earlier, while revenue from operations rose 19.4% to ₹2,726 crore from ₹2,284 crore. EBITDA for the quarter grew 20% to ₹269.1 crore, up from ₹224.4 crore in the year-ago period, with EBITDA margin largely stable at 9.9%, compared with 9.8% last year.
Shares of the company closed 3,951 ahead of the Q3 results announcement on Wednesday. The stock has fallen 11.05% in the past one month.