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KEI Industries Under Tax Scrutiny, Maintains Optimistic Outlook
7 May
Summary
- Income Tax Department initiated a search at KEI Industries' key locations.
- Company reported strong Q4 and FY26 financial results with growth.
- KEI Industries forecasts robust volume growth for FY27 and FY28.
On Thursday, May 7, KEI Industries confirmed that the Income Tax Department has commenced a search operation across its registered office, manufacturing plants, and associated facilities. The company has assured full cooperation and is providing all necessary information to the authorities during this ongoing process.
This development occurs as KEI Industries reported robust financial performance for the fourth quarter and the full fiscal year 2026. Q4 revenue saw a 19% year-on-year increase, reaching ₹3,480 crore, driven by an 18% rise in the cables and wires segment. For FY26, the company posted revenue of ₹11,750 crore, a 21% increase from the previous year.
Net profit for the quarter rose nearly 25% year-on-year to ₹280 crore, while for FY26, adjusted profit after tax grew by 33% to ₹930 crore. The company maintains a positive outlook, projecting volume growth of around 17-18% for FY27 and nearly 20% for FY28, supported by strong capex momentum and capacity expansions.
