Event Type: Earnings Conference Call for Q2 FY27 and H1 FY27 results.
Date and Time: The call was held on Wednesday, November 4, 2026. The specific time was not mentioned in the transcript.
Purpose: The call was held to discuss the company's unaudited financial results for the quarter and half year ended September 30, 2026 (Q2 FY2027).
Management Participants: The following management representatives participated:
- Mr. Umesh Chhaya – Whole-Time Director
- Mr. Amit Bhatnagar – Head Corporate Strategy
- Mr. Kundip Thakker – Chief Financial Officer
- Mr. Ashwani Saraf – Chief Operating Officer
- Members of the senior management team
The call was moderated by Mr. Aalok Shah from Monarch Networth Capital.
Availability of Materials: The transcript of the earnings call is available on the company's website at https://dicabs.com/investor/quarterly-results/.
UPSI Statement: The company did not include any specific language in this filing indicating that no Unpublished Price Sensitive Information (UPSI) would be shared.
Financial Period Discussed: The call focused on the unaudited financial results for Q2 FY27 (quarter ended September 30, 2026) and H1 FY27 (half year ended September 30, 2026).
Financial Highlights Disclosed in the Call:
- Q2 FY27 Performance: Revenue from operations was INR 1,032 crores, up 135% YoY and 50% sequentially. EBITDA including other income was INR 133 crores (margin of 12.9%), up 189% YoY. Profit After Tax (PAT) was INR 108 crores, a 3.9x increase from INR 28 crores a year ago. Earnings per share (EPS) was INR 1.87.
- H1 FY27 Performance: Revenue was INR 1,722 crores. EBITDA was INR 218 crores. PAT was INR 166 crores.
- The H1 FY27 revenue represents 90% of the full-year FY26 revenue. The H1 FY27 PAT of INR 166 crores is already higher than the full-year FY26 PAT of INR 158 crores.
- Balance Sheet Transformation: Net worth improved from negative INR 604 crores (Mar 31, 2026) to positive INR 764 crores (Sep 30, 2026). Net debt of INR 527 crores became a net cash position of INR 572 crores. This was driven by a QIP raising INR 1,614 crores, full repayment of promoter loans, and strong profit generation.
- Order Book: The firm order book as of September 30, 2026, stands at INR 3,735 crores at quoted value (approx. INR 4,300 crores with price variation clauses). The composition is 46% conductors, 36% medium voltage cables, and the balance in LT and data centre cables. Order inflow in H1 was INR 2,217 crores (book-to-bill ratio of 1.29x).
- Key Growth Drivers: Growth was attributed to a favorable product mix (MV/EHV cables, AL59 conductors), the new data centre cable product line (contributing INR 242 crores in Q2), and operating leverage (employee & other expenses fell to 5.7% of revenue from 8.2% a year ago).
- Guidance: Management reiterated FY27 revenue guidance of INR 4,300-4,500 crores.
- Forward-Looking Statements: Management discussed a significant INR 170 crore backward integration project for polymer compounding, expected to be commissioned between June 2027 and early 2028. They also highlighted a strong focus on expanding into exports (Middle East, Europe, US) and the EHV cable segment. The company expects to start paying taxes from Q1 FY29 as carry-forward losses (INR 1,432 cr as of Mar 31, 2026) are utilized.
Additional Notes Section
Attachments: The regulatory filing intimates that the transcript of the earnings call is enclosed.
Financial Data: This regulatory filing itself (the cover letter) did not disclose financial figures. However, it intimates the availability of a transcript which contains extensive financial data and commentary from the earnings call, as summarized above.
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