Key Financial Figures - Q1 FY27 (Quarter Ended June 30, 2026)

Income Statement (INR Million):

  • Revenue from Operations: INR 11,642 (Up 108.4% YoY from INR 5,587 in Q1 FY26; Up 14.3% QoQ from INR 10,183 in Q4 FY26)
  • Gross Profit: INR 1,163 (Up 78.9% YoY from INR 650)
  • Gross Profit Margin: 9.99% (vs. 11.63% in Q1 FY26 and 9.52% in Q4 FY26)
  • EBITDA: INR 744 (Up 85.1% YoY from INR 402)
  • EBITDA Margin: 6.39% (vs. 7.20% in Q1 FY26 and 5.53% in Q4 FY26)
  • Profit Before Tax (PBT): INR 569 (Up 69.9% YoY from INR 335)
  • PBT Margin: 4.89% (vs. 6.00% in Q1 FY26 and 4.39% in Q4 FY26)
  • Profit After Tax (PAT): INR 422 (Up 85.9% YoY from INR 227)
  • PAT Margin: 3.63% (vs. 4.06% in Q1 FY26 and 3.39% in Q4 FY26)
  • Diluted EPS: INR 6.22 (vs. INR 3.99 in Q1 FY26 and INR 5.09 in Q4 FY26)

Operational Metrics:

  • Sales Volume: 93,325 MT in Q1 FY27 (Up 30% YoY from 65,885 MT in Q1 FY26)
  • EBITDA per Ton: INR 93,325 (vs. INR 65,885 in Q1 FY26)
  • Specialized Wire Revenue Mix: 75% of total revenue (vs. 72% in Q1 FY26)
  • Export Revenue Growth: 83% Year-on-Year
  • Capacity Utilization: 73%

Balance Sheet & Other Metrics (as of Q1 FY27):

  • Total Debt: INR 4,810 Million (vs. INR 3,794 Million in Q1 FY26)
  • Debt/Equity Ratio: 0.57 (vs. 1.18 in Q1 FY26)
  • Net Average Working Capital Days: 60 days (vs. 71 days in Q1 FY26)

Strategic and Operational Highlights

Business Overview & Market Position:

  • Described as India's leading supplier and largest exporter of specialized magnet winding wires.
  • Serves 120+ OEM customers including Hitachi Energy, CG Power, BHEL, GE Vernova, Siemens Energy, Bharat Bijlee, Nidec, and Suzlon.
  • Only Indian supplier approved for HVDC transformers; recently received first awards for specialized wires for HVDC transformers.
  • Exports to 24 countries; ~30% of revenue comes from exports.

Capacity Expansion:

  • Expanding total capacity from 29,045 MT in FY25 to 59,045 MT by March 2027.
  • As of June 30, 2026, the annualized available capacity was 43,445 MT.
  • Phase-I of the fourth unit in Supa, Maharashtra, is completed, focusing on expansion.
  • An upcast backward integration facility was commissioned recently.

New Contract:

  • Signed a global long-term framework agreement with a leading multinational transformer OEM to supply their global production facilities over the next five years.

Management Commentary:

  • Managing Director Rajesh K. Hegde cited growth in higher value-addition Specialized Wires, specifically CTC (Continuously Transposed Conductors), as a key driver for volumes, exports, and profitability.
  • He stated that Q1 was a quarter of strong execution to capitalize on the strong demand environment.

Historical Financial Performance (Full Year)

| Particulars (INR Mn) | FY24 | FY25 | FY26 |

| Revenue from Operations | 13,828 | 19,283 | 31,070 |

| PAT | 374 | 680 | 1,101 |

| Diluted EPS (INR) | 6.57 | 11.97 | 18.37 |

Capital Market Information (As on June 30, 2026)

  • Face Value per Share: INR 5.0
  • Current Market Price (CMP): INR 863.7
  • 52-Week High/Low: INR 908.00 / INR 330.15
  • Market Capitalization: INR 58,520.60 Million
  • Shares Outstanding: 67.76 Million
  • Average Volume: 517.06 ('000)

Top Shareholders (as on June 30, 2026):

  • Kotak Mahindra Mutual Fund: 3.73%
  • MALABAR Fund/Investment: 2.45%
  • LIC Mutual Fund: 1.48%
  • HSBC Mutual Fund: 1.22%
  • HDFC Mutual Fund: 1.18%