Market Performance
KEI Industries, a leading Indian manufacturer of cables and wires, witnessed a mixed reaction in the stock market despite posting strong quarterly results. The company’s shares opened at ₹4,448.60 on the BSE, hitting an intraday low of ₹4,033.65 before stabilizing around ₹4,200. The market response highlighted investor caution, even in the face of solid earnings growth.
Main News: Q2 2025 Earnings Highlights
The company reported a 31.3% year-on-year rise in net profit, reaching ₹204 crore for the quarter ending September 30, 2025. This growth comes on the back of a 19.4% increase in revenue, which climbed to ₹2,726 crore from ₹2,284 crore in the same period last year.
Key financials at a glance:
- Net Profit: ₹204 crore (up from ₹155 crore YoY)
- Revenue from Operations: ₹2,726 crore (up from ₹2,284 crore YoY)
- EBITDA: ₹269.1 crore (20% increase from ₹224.4 crore YoY)
- EBITDA Margin: 9.9% (stable vs. 9.8% YoY)
Despite the solid numbers, the stock faced pressure due to market volatility and profit-booking sentiment.
Company Overview
KEI Industries specializes in power cables, house wires, stainless steel wires, and EPC services. Its operations cater to domestic and international clients across industrial, retail, and institutional sectors. Exports have been a significant driver, with overseas sales showing robust growth in recent quarters.
Operational Updates
The company has postponed the commissioning of its new plant by three months, now expected to be fully operational by March 2026. Similarly, Phase 1 rollout has shifted to November 2025, instead of the originally planned September schedule. Despite these delays, KEI continues to target 20% revenue growth in the Cables & Wires segment for FY26.
Stock Movement and Market Sentiment
KEI Industries shares faced an early session sell-off, dropping over 4%, before stabilizing near ₹4,200. Key support and resistance levels:
- Support: Around ₹3,950
- Immediate Hurdle: ₹4,400
Volume-driven volatility marked the session, reflecting investor caution amid strong quarterly numbers.
Summary
KEI Industries delivered a strong operational and financial performance in Q2 2025, with net profit rising 31% and revenue crossing ₹2,700 crore. While market response was muted, the results demonstrate the company’s resilience in the cables and wires sector. Operational adjustments and export growth remain key factors shaping the company’s trajectory in the upcoming quarters.
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