- Rising input and commodity costs are being reported in India.
- Rising commodity prices aided revenue growth for companies, and UltraTech successfully entered the Wires and Cables market.
KEI Industries reports strong Q2 FY27 results driven by Wires and Cables demand
What happened
KEI Industries reported consolidated profit after tax of Rs 262 crore in Q2 FY27, an increase from Rs 203 crore in the prior year quarter. Revenue from operations rose to Rs 3,776 crore, supported by broad-based demand in the wires and cables business. Export sales of wires and cables grew 7.27% year-on-year during the quarter, and the company expects substantial expansion in its export business due to a strong order book.
From indiatimes.com
Why it matters
The company's growth is occurring amid rising input and commodity costs reported in India, and while rising commodity prices have aided revenue growth for companies, UltraTech has successfully entered the Wires and Cables market. KEI Industries saw its domestic wires and cables segment sales increase by 45.76% year-on-year in Q2 FY27.
Rising commodity prices have aided revenue growth for companies, and UltraTech successfully entered the Wires and Cables market.
From indiatimes.com
How it developed
Newest first. Tap a step to see who reported it.- Motilal Oswal analysts reviewed KEI Industries' Q2FY27 performance.Sub-event
Strong order book drives export expansion for KEI Industries in the Wires and Cables sector.1 source