Key Quantitative Figures

Standalone Financial Results (Quarter Ended September 30, 2026):

  • Revenue from operations: ₹62,822.01 lakhs (₹628.22 crore)
  • Other income: ₹549.26 lakhs
  • Total income: ₹63,171.27 lakhs
  • Total expenses: ₹59,275.89 lakhs
  • Profit before tax: ₹4,095.38 lakhs (₹40.95 crore)
  • Tax expense: ₹1,034.91 lakhs
  • Profit for the period: ₹3,060.47 lakhs (₹30.60 crore)
  • Other comprehensive income: ₹10.25 lakhs
  • Total comprehensive income: ₹3,070.73 lakhs
  • Paid-up equity share capital: ₹7,018.42 lakhs (face value ₹5 per share)
  • Basic EPS: ₹2.28
  • Diluted EPS: ₹2.28

Half-Year Standalone Results (April-September 2026):

  • Revenue from operations: ₹1,14,976.73 lakhs
  • Profit for the period: ₹5,173.94 lakhs
  • Total comprehensive income: ₹5,184.91 lakhs

Segment-wise Revenue (Q2 FY27):

  • Manufacturing: ₹52,398.36 lakhs
  • EPC: ₹15,342.40 lakhs
  • Inter-segment elimination: (₹4,918.75) lakhs

Consolidated Financial Results (Quarter Ended September 30, 2026):

  • Revenue from operations: ₹62,822.01 lakhs
  • Profit before tax: ₹4,056.89 lakhs
  • Profit for the period: ₹3,021.98 lakhs
  • Total comprehensive income: ₹3,032.24 lakhs
  • Basic EPS: ₹2.25
  • Diluted EPS: ₹2.25

Dates of Action

  • Board meeting date: 12th November, 2026 (6:45 PM to 7:30 PM)
  • Re-appointment effective date: 1st January, 2027 (subject to shareholder approval)
  • Financial results period: Quarter ended 30th September, 2026
  • IPO listing date: 16th July, 2026

Parties Involved

  • Subsidiary: Akshat Builders Private Limited
  • Statutory Auditors: M/s. V. Singhi & Associates, Chartered Accountants
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
  • Regulatory References: SEBI Listing Regulations 30 and 33

Corporate Actions Approved

1. Re-appointment of Mr. Deepak Goel as Chairman & Managing Director for a further period of 5 years with effect from 1st January, 2027, subject to approval of shareholders through postal ballot. Mr. Goel (DIN: 00673430) has over 37 years of experience in the cable and power industry.

2. Adoption of Policy for determination of materiality of events or information as required under SEBI Listing Regulations.

IPO Utilization Details

The company completed its Initial Public Offer of 3,46,72,895 equity shares of face value ₹5 each at an issue price of ₹214 per share, comprising:

  • Fresh issue: 2,53,27,102 equity shares (₹54,200 lakhs)
  • Offer for sale: 93,45,793 equity shares (₹20,000 lakhs)

Utilization of net IPO proceeds (₹54,200 lakhs) as of September 30, 2026:

  • Repayment of loan: ₹49,000.00 lakhs (fully utilized as per prospectus)
  • General corporate purpose: ₹2,115.00 lakhs (fully utilized)
  • Issue expenses: ₹2,674.00 lakhs (of ₹3,085.00 lakhs allocated)
  • Unutilized amount: ₹411.00 lakhs held in monitoring account

Environmental Regulation Note

The Ministry of Environment, Forest and Climate Change has notified Hazardous and Other Wastes (Management and Transboundary Movement) Amendment Rules, 2025, effective from April 1, 2026, imposing Extended Producer Responsibility (EPR) obligations on cable manufacturers. However, the implementation framework is still under development by CPCB, and the company cannot reliably estimate potential impact at this time.

Capital Structure Impact

The IPO resulted in increase in paid-up equity share capital from ₹5,752.06 lakhs (as of March 31, 2026) to ₹7,018.42 lakhs (as of September 30, 2026).

Cash Flow Impact

Standalone cash flow for half-year ended September 30, 2026 shows net decrease in cash and cash equivalents of ₹2,589.73 lakhs, with cash and cash equivalents at year-end of ₹88.84 lakhs.