1. Opening Hook
When KEI’s CMD Anil Gupta said they were “building a 550-foot tower,” analysts probably thought it was a new headquarters. Nope — it’s just the vertical tower for the new Sanand EHV cable plant, because gravity apparently wasn’t challenging enough. 😏
Despite monsoon delays, the cables king continues to crank serious voltage—revenues up, exports doubled, and Sanand gearing to light up Gujarat by December. But behind the buzz, a small rain cloud lingers: will KEI’s 20% growth guidance survive construction delays and copper price gymnastics? Stick around — the numbers are wired for drama.
2. At a Glance
- Revenue ₹2,726 crore – Up 19%, wires & cables still doing the heavy lifting.
- EBITDA ₹312 crore (↑31%) – Margins now 11.4%; efficiency meets conductivity.
- PAT ₹203 crore (↑31%) – Net profit glowing brighter than a live wire.
- Exports ₹472 crore (↑96%) – Global wires going viral.
- Domestic Institutional Sales ₹581 crore (↓6%) – Local utilities took a chai break.
- EHV Cable Sales ₹128 crore (↑76%) – High voltage, higher margin.
- B2C Network Sales ₹1,475 crore (↑17%) – Dealers clearly selling more dreams.
- Order Book ₹3,824 crore – Enough to keep factories humming till FY27.
3. Management’s Key Commentary
“We achieved all-time high exports of ₹472 crore this quarter.”
(Translation: Finally, someone abroad noticed our cables too! 🌍)
“EBITDA margins at 11.4% versus 10.4% last year.”
(Because even copper can’t melt a disciplined CFO.)
“Phase 1 of Sanand delayed by 4 months due to rains and labor shortage.”
(Translation: Gujarat weather said, ‘Not today,
