KEI Industries

“So overall profit after tax, you can count that 3% to 4% will be higher than the top line growth.”

“Sir, INR100 crores to INR250 crores and another INR450 crores to INR500 crores will be for the new capex, the infill capex.”

“Because we need to continue growth and we need to continue capex also, sir, because we need to invest 2.5 year advance.”

“The planned commercial production of Phase 2 of extra high-voltage cable and HT cable in Sanand will commence by end of March '27.”

“Basically, the Sanand project is only the driving. By March 2027, our Phase 2 of EHV and HT cable will commence. So then almost all the CWIP will go towards capitalized.”

“At present, company is having total metal consuming capacity of approximately 1,83,000 metric ton per annum, including both copper and aluminum.”

“Capacity utilized during H1 '27 is approximately 77% in Cable division, 64% in House Wire division, 91% in Stainless Steel Wire division and 43% in the communication cable capacity.”

“Also, we have sufficient capacity to grow house wires production and sales for next 2 to 3 years.”

“So new capacity additional will be more than INR 1,500 crores to INR 1,700 crores in terms of value or maybe more depending on the metal valuation. But it will take some time to reach peak.”

“Sanand capacity addition is taking time to ramp up and in coming months, capacity utilization will increase month after month.”

“Total order book at the moment in Wire and Cable segment is INR 4,927 crores, EPC INR 258 crores.”

“And out of this order book, around INR 991 crores are export orders.”

“But the export order, which is INR 991 crores, it is from the Middle East, from Australia, from America. America order is almost 50% of the order book.”

“Yes. It will be sold within 3 to 4 months. Sir, whatever pending order book is almost 3 to 4 months, not more than that.”

“Domestic wire and cable sale is INR 3,184 crores with a growth of 46%.”

“Export sale in this quarter is INR 493 crores against INR 472 crores last year.”

“We have very good order book position from overseas market, particularly United States. We are quite hopeful that in coming quarters, exports will grow substantially.”

“Total EHV sale this quarter is INR 217 crores against INR 172 crores in the previous period last year.”

“But quarter after quarter from the September quarter of next year, the EHV sales will get increased because March, we will start the commercial production; 3 months' time, it will take to settle down and for the approval process.”

“There is a good demand and demand growth of our wires and cables in data center, power, T&D, renewable energy like solar and wind and also even the thermal power projects now coming up in a big way, electric vehicles infrastructure, railway electrification, metros, urban infrastructure as well.”

“Wire demand is strong in housing and commercial spaces.”

“As of now, the pending order position is very, very strong. Export order is also very, very strong.”

“At present, you see the energy sector is very, very strong, whether it's renewable, wind, solar, even the thermal, even the nuclear.”

“The government is investing INR11 lakh crores to INR12 lakh crores.”

“Once the Sanand is fixed and the capacity is ramping up and we are going to utilize to 60% to 70%, our EBITDA margin will definitely cross to 11%.”

“During Q2 FY '26-'27, operating margin is almost at par at 9.97% against 9.88% previous year same period.”

“Profit after tax/net sales margin is 6.95% versus 7.46% previous year same period.”

“During H1, operating margin has improved to 11.09% and EBITDA achieved is 11.73% against 11.46% in the same period previous year.”

“So if you combine for 2 quarters, it has averaged out. It always happens because of the current price fluctuation. So there is no decline.”

“External rating, long-term ratings from CARE India Ratings and ICRA is AA+ and that of short term is A1+.”

“Cash and bank balances on 30th September is INR 698 crores, which includes QIP balance of INR 169 crores.”

“Almost more than INR 600 crores, INR 700 crores inventory increase only in the Sanand, and balance because of the valuation from the existing factory, the copper price have -- because of that only.”

“So it is by the end of the year, it will get normalized to the earlier level. The holding level will remain same by the March '27.”

“Sir, inventory days from here it will go down.”

“So in next 1 or 2 quarters, the INR 5 crores to INR 7 crores loss will be there because we are almost closing down the EPC.”

“like in the first quarter also, there was a INR 5 crores loss, in second quarter, INR 8 crores.”

“Yes, please. Sir, INR 8 crores exchange gain.”

“No, Q1 was very less actually. Less than INR 1 crores.”

“So whatever we are guiding in terms of the growth or in terms of the margin, keeping in mind the new competition, keeping in mind the geopolitical situation, everything we keep in mind, that's why we give you the guidance.”

“So net sales in Q2 of FY27 is INR 3,776 crores. So we have achieved a growth by 38.52%.”

“EBITDA in this quarter is INR 401crores against INR311 crores last year, which margin EBITDA margin over net sales was 10.62% in this quarter.”

“Profit after tax this quarter is INR262.45 crores against INR203.51 crores in last year.”

“Sales through B2C sale against distribution network is 59% and contribution of export is 13%”

“For first half of 6 months in FY 27, net sales achieved is INR 6,961 crores. So the growth in H1 is almost 31%.”