Financial Performance Summary (YoY Comparison)

Revenue Growth:

  • Q1 FY27 Revenue: ₹349.1 Crores
  • YoY Growth: +33% (from ₹262.0 Crores in Q1 FY26)

Profitability Metrics:

  • Operating Profit: ₹38.0 Crores, +41% YoY (from ₹26.9 Crores)
  • Operating Margin: 10.9% (vs 10.3% in Q1 FY26)
  • Profit Before Tax (PBT): ₹33.5 Crores, +37% YoY (from ₹24.4 Crores)
  • Profit After Tax (PAT): ₹25.0 Crores, +37% YoY (from ₹18.2 Crores)
  • PAT Margin: 7.1%
  • EPS: ₹5.2 (vs ₹3.8 in Q1 FY26)

Cost Structure:

  • Finance Cost: ₹2.9 Crores (vs ₹2.7 Crores in Q1 FY26)
  • Depreciation: ₹2.9 Crores
  • Income Tax: ₹8.5 Crores

Operational Highlights

Growth Drivers:

  • Key growth avenues were renewable energy sector, private utilities, and international demand
  • Strong export growth contributing 13% of Total Revenue from Operations
  • Breakthrough entry into the US market achieved during the quarter

Order Book & Receivables:

  • Order book stands at approximately ₹811 Crores as of June 30, 2026
  • Receivable days (calculated on trailing six-month gross sales): ~69 days in Q1 FY27

Borrowing Status and Debt Position (₹ in Crores)

| Particulars | 30th June 2026 | 31st Mar 2026 | 30th June 2025 |

| Term Loans from Banks/FIs | 2.5 | 2.6 | 2.8 |

| Other Loans | 4.3 | 2.2 | 2.5 |

| Working Capital Loans | 64.4 | 35.6 | 53.9 |

| Total On-balance sheet Debt | 71.2 | 40.4 | 59.2 |

| LC Creditors (Off-balance sheet) | 64.6 | 76.6 | 90.3 |

| Total Borrowing | 135.8 | 117.0 | 149.6 |

| Cash & equivalents | 47.0 | 58.8 | 80.0 |

| Net Debt | 88.8 | 58.2 | 69.6 |

Management Commentary

Mr. Ashish Mangal, Managing Director, commented:

  • Company delivered its highest-ever first quarter revenue
  • Performance reflects robust execution, improving product mix, and sustained demand across government and private sector projects
  • US market entry marks significant step in strengthening international presence
  • Ongoing capacity expansion plan remains on track
  • Healthy order pipeline and continued infrastructure investments support confidence in sustaining long-term growth trajectory

Business Philosophy

  • Financial discipline continues to be core business philosophy to manage growth in volatile times

Company Background

  • Manufacturer of power infrastructure cables including LV, HV, MV, Power control & instrumentation cables, and signaling cables
  • Supplies to Government Discoms, Private Distribution companies, Private EPC contractors, industrial and Export clients
  • 4 manufacturing plants located at Jaipur and Reengus
  • Corporate office in Jaipur and 5 regional sales offices across India