Key Financial Figures (Consolidated)

Profit & Loss Statement (₹ million):

  • Q2 FY27 Revenue from Operations: ₹98,989.01 (Q2 FY26: ₹64,772.11) - 53% increase YoY
  • Q2 FY27 Total Income: ₹99,872.68 (Q2 FY26: ₹65,226.44)
  • Q2 FY27 Profit Before Tax: ₹13,062.20 (Q2 FY26: ₹9,210.01)
  • Q2 FY27 Profit After Tax: ₹9,899.97 (Q2 FY26: ₹6,929.59) - 38% increase YoY
  • H1 FY27 Revenue from Operations: ₹181,086.33 (H1 FY26: ₹123,831.87)
  • H1 FY27 Profit After Tax: ₹17,866.51 (H1 FY26: ₹12,926.55)

Earnings Per Share (Consolidated):

  • Q2 FY27 Basic EPS: ₹64.87 (Q2 FY26: ₹45.54)
  • Q2 FY27 Diluted EPS: ₹64.78 (Q2 FY26: ₹45.46)
  • H1 FY27 Basic EPS: ₹116.97 (H1 FY26: ₹84.90)
  • H1 FY27 Diluted EPS: ₹116.67 (H1 FY26: ₹84.61)

Balance Sheet (Consolidated) as of September 30, 2026 (₹ million):

  • Total Assets: ₹237,951.04 (March 31, 2026: ₹204,761.90)
  • Inventories: ₹69,633.96 (March 31, 2026: ₹55,595.98)
  • Trade Receivables: ₹34,592.70 (March 31, 2026: ₹37,585.04)
  • Cash & Cash Equivalents: ₹2,112.39 (March 31, 2026: ₹3,903.43)
  • Total Equity: ₹132,372.39 (March 31, 2026: ₹121,267.69)
  • Acceptances (short-term borrowings): ₹65,560.49 (March 31, 2026: ₹42,656.19)

Segment Reporting (Consolidated)

Q2 FY27 Revenue Breakdown:

  • Wires & Cables: ₹83,004.69 million
  • FMEG: ₹9,931.13 million
  • EPC: ₹6,170.81 million
  • Total: ₹99,106.63 million

Geographic Revenue:

  • India: ₹94,175.92 million (95%)
  • Outside India: ₹4,930.71 million (5%)

Significant Events and Disclosures

1. NCLT Matter: The Hon'ble NCLT Ahmedabad admitted a petition under Section 9 of IBC 2016 regarding an alleged operational debt of ₹27.9 million. The company filed an appeal with NCLAT, which stayed the NCLT order on October 9, 2026. The company believes it has strong grounds for appeal.

2. Tax Matters:

  • Income tax demands of ₹525.63 million plus interest for AY 2014-15 to 2023-24 were reduced to nil by CIT(A), upheld by ITAT.
  • The company has appealed against an income tax demand of ₹107.78 million plus interest for AY 2024-25.

3. Extended Producer Responsibility (EPR): The Ministry of Environment notified new rules effective April 1, 2026, imposing EPR obligations on cable manufacturers. Implementation details are pending, and the company cannot yet estimate the financial impact.

4. Dividend: The company paid a final dividend of ₹47 per equity share totaling ₹7,079.85 million on June 30, 2026, as approved by shareholders.

5. Subsidiaries and Joint Ventures: The consolidated financial statements include 8 subsidiaries and 1 joint venture (Techno Electromech Private Limited).

Capital Structure

  • Equity Share Capital: ₹1,506.92 million as of September 30, 2026 (₹1,505.51 million as of March 31, 2026)
  • Increase due to ESOP exercises: ₹1.41 million during H1 FY27

Auditor's Review

B S R & Co. LLP conducted a limited review and concluded that the financial statements are prepared in accordance with Ind AS 34. The review did not cover 8 subsidiaries whose financial statements were reviewed by other auditors.

Contingent Liabilities (Consolidated)

  • Disputed tax liabilities: ₹52.56 million
  • Customs duty on capital goods under EPCG scheme: ₹637.22 million
  • Customs duty on raw materials under advance license: ₹285.99 million

Related Party Transactions

Significant transactions with subsidiaries and joint ventures, including sales/purchases of goods, sub-contracting expenses, and loans. Remuneration to KMP includes short-term benefits and share-based payments.

Hedge Accounting

The company uses derivative instruments for hedging foreign exchange and commodity price risks. Fair value hedges are used for copper and aluminum inventory price risk, and cash flow hedges for highly probable forecasted purchases.