KEI Industries Limited — Investor Meet, 19-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

KEI Industries reported robust Q2 FY'26 results: Net Sales at INR2,726 Cr (+19.38% YoY), EBITDA at INR311.63 Cr (+31.2% YoY), and PAT at INR203 Cr (+31.47% YoY). Export sales reached an all-time high of INR472 Cr (+96% YoY). Management affirmed FY'26 growth will exceed 20%, projecting a 20%+ CAGR for the next 3-5 years. Phase 1 of the Sanand plant is slated for commercial production by December, adding significant capacity. The current order book stands at INR3,824 Cr. Domestic demand remains strong, complemented by strategic expansion into new export geographies. Margins are expected to expand by 1-1.5% after Sanand's full operationalization in FY'28.