Q2 2025 KEI Industries Ltd Earnings Call Transcript
Key Points
- KEI Industries Ltd (BOM:517569) reported a 17.21% increase in net sales for Q2 FY25, reaching INR2,279.64 crores compared to INR1,945 crores in the previous year.
- The company achieved a 10.42% growth in profit after tax (PAT) for the quarter, amounting to INR154.87 crores.
- Domestic institutional cable sales grew by 20% to INR615 crores, indicating strong demand in the domestic market.
- Sales through the dealer network increased by 36% in Q2, contributing 55% to total sales, up from 47% in the previous year.
- The company plans significant capital expenditure, with INR900 crores to INR1,000 crores allocated for greenfield expansion at Sanand, which is expected to support future growth.
- EBITDA margin decreased slightly to 10.42% from 10.88% in the same period last year, indicating pressure on profitability.
- Export sales declined to INR241 crores from INR249 crores in the previous year, reflecting challenges in international markets.
- The contribution of total institutional cable sales decreased to 39% from 44% in the previous year, suggesting a shift in sales mix.
- EPC sales, excluding cables, dropped to INR80 crores from INR113 crores last year, highlighting volatility in this segment.
- The company's finance cost increased significantly to INR27.49 crores from INR16.47 crores in the previous year, impacting net profitability.
Ladies and gentlemen, good day, and welcome to the Q2 FY25 earnings conference call of KEI Industries hosted by Monarch Networth Capital. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Rahul Dani from Monarch Networth Capital. Thank you, and over to you, sir.
Yes. Thank you, Joshua. Good afternoon, everyone. On behalf of Monarch Networth Capital, we like to host the senior management of KEI Industries. We have with us Mr.
Anil Gupta, Chairman and Managing Director of the company; Mr. Rajeev Gupta, CFO of the company. We will start the call with opening remarks from the management and then move to Q&A. Thank you and over to you, sir.
Yes. So good afternoon, everyone. Thank you very much. I'm Anil Gupta, Chairman and Managing Director, KEI Industries Limited. I welcome all of
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