Financial Performance - Standalone Q2 FY27
- Revenue: ₹528.8 crore, growth of 107% year-on-year
- EBITDA: ₹63.6 crore, growth of 158% year-on-year
- EBITDA Margins: 12.0%, expansion of 230 basis points
- Profit After Tax: ₹40.1 crore, growth of 180% year-on-year
Financial Performance - Standalone H1 FY27
- Revenue: ₹1,018.0 crore, growth of 103% year-on-year
- EBITDA: ₹119.2 crore, growth of 155% year-on-year
- EBITDA Margins: 11.7%, expansion of 240 basis points
- Profit After Tax: ₹73.7 crore, growth of 194% year-on-year
Financial Performance - Consolidated Q2 FY27
- Revenue: ₹529.3 crore, growth of 8% quarter-on-quarter
- EBITDA: ₹63.3 crore, growth of 15% quarter-on-quarter
- EBITDA Margins: 12.0%
- PAT: ₹39.5 crore, growth of 21% quarter-on-quarter
Financial Performance - Consolidated H1 FY27
- Revenue: ₹1,018.5 crore
- EBITDA: ₹118.2 crore
- EBITDA Margins: 11.6%
- PAT: ₹72.3 crore
Operational Highlights
- Exports grew approximately 32% quarter-on-quarter and 82% year-on-year in Q2 FY27
- Exports grew 57% in H1 FY27 compared to H1 FY26
- Volume growth for H1 FY27 stood ~60% year-on-year
- Robust performance driven by diversified product portfolio, higher contribution from Renewable Energy segment (E-Beam), strong export performance, and improved capacity utilisation at Bengaluru facility
- Margin improvement supported by favourable product mix, operating leverage and improved operational efficiencies
Capacity Expansion
- Company setting up 11-acre manufacturing facility at Bhiwadi, Rajasthan
- Civil construction progressing well with completion expected by H1 FY28
New Business Segments Development
EV Charging Guns and Cables
- Secured orders from leading automotive OEMs
- Capacity utilisation being ramped up during Q3 FY27
- Full capacity utilisation expected from Q4 FY27
E-Beam Cables (Renewables and Railways)
- Expanding customer base in E-Beam cable segment
- Scaling up manufacturing capacity to cater to growing demand
Strategic Partnership
- 50:50 joint venture CoreLink Cable Technology Private Limited established with Aditya Infotech (CP PLUS)
- JV to manufacture LAN cables, CCTV and coaxial cables, terminated cable assemblies, connectors and other allied products
- Installation and commissioning of machinery underway
- Commercial production expected to commence from Q4 FY27
Management Commentary
Mr. Vipul Nagpal, Chairman & Managing Director, stated that the company reported highest-ever quarterly and half yearly performance. The company holds approximately 22.9% market share and Top 4 industry ranking in networking cables.
Outlook and Guidance
- Q3 typically a seasonally softer quarter
- Expect momentum to improve in Q4 in line with historical trends
- Expect absolute performance in H2 FY27 to be broadly in line with H1 FY27
- Growth expected to be supported by healthy organic business momentum, better capacity utilisation at Bengaluru facility, and increasing contributions from emerging Power and Renewables segments (E-Beam)
- Expect profitability to improve year-on-year driven by favourable product mix, operating leverage and continued focus on operational efficiencies
Key Priorities
- Ramping up new manufacturing facility at Bhiwadi, Rajasthan
- Expanding presence in emerging product segments (EV charging guns and cables)
- Leveraging joint venture with Aditya Infotech
- Pursuing growth opportunities in export markets
Subsidiary Information
- OCL Greentech Private Limited was incorporated in May 2025 with no contribution in Q2 & H1 FY26
Company Background
- Manufacturer of cables and interconnection solutions with nearly two decades of experience
- Caters to telecommunications, broadband, data centres, renewable energy, EV charging, smart buildings, security and industrial applications
- Four business segments: Networking Cables and Solutions, Specialty Power and Optical Fibre Cables, Wire and Cable Harness Assemblies, Other Allied Products
- Three manufacturing facilities across Bhiwadi, Rajasthan and Bengaluru
- 50+ high-speed extrusion lines and advanced testing infrastructure
- 91% revenue from domestic markets, 9% from exports
- Presence across 15 countries