Board Meeting Details

The Board meeting was held on Wednesday, 28 October 2026, commencing at 04:30 pm (IST) and concluding at 06:38 pm (IST).

Financial Results Approval

The Board approved the unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30 September 2026. The financial results were reviewed by M/s. B S R & Co. LLP, Chartered Accountants, Statutory Auditors of the Company, who issued an unmodified review report.

Key Financial Figures (Standalone)

Quarter Ended 30 September 2026:

  • Revenue from operations: ₹32,840 million
  • Other income: ₹193 million
  • Total income: ₹33,033 million
  • Profit before tax: ₹2,396 million
  • Tax expense: ₹616 million
  • Profit for the period: ₹1,780 million
  • Basic EPS: ₹15.74
  • Diluted EPS: ₹15.74

Half Year Ended 30 September 2026:

  • Revenue from operations: ₹64,522 million
  • Other income: ₹522 million
  • Total income: ₹65,044 million
  • Profit before tax: ₹5,135 million
  • Tax expense: ₹1,324 million
  • Profit for the period: ₹3,811 million
  • Basic EPS: ₹33.69
  • Diluted EPS: ₹33.69

Key Financial Figures (Consolidated)

Quarter Ended 30 September 2026:

  • Revenue from operations: ₹32,840 million
  • Profit for the period: ₹1,806 million
  • Basic EPS: ₹15.97
  • Diluted EPS: ₹15.96

Half Year Ended 30 September 2026:

  • Revenue from operations: ₹64,522 million
  • Profit for the period: ₹3,858 million
  • Basic EPS: ₹34.11
  • Diluted EPS: ₹34.10

Dividend Declaration

The Board declared an Interim Dividend of ₹6.5 per share (130%) on equity shares of face value ₹5 each for financial year 2026-27. The dividend will be paid within 30 days from declaration, subject to deduction of tax at source. The record date for determining entitlement is Tuesday, 3 November 2026.

Corporate Actions

Manufacturing Unit Relocation:

  • Approved shifting of existing manufacturing unit from Plot No. 50, Khasra No.-35, Shiv Ganga Industrial Estate, Lakeshwari, Bhagwanpur, Roorkee, Uttarakhand to new location Khasra No. 253, Village Laksheri, Tehsil Bhagwanpur, Roorkee, Uttarakhand
  • Purpose: To enhance operational efficiency and increase production capacity
  • Operations will be gradually shifted to new location

Land Acquisition:

  • Approved investment of up to ₹200 Crores for acquisition of land in Rajasthan
  • Purpose: Future expansion and business requirements

Segment Performance (Standalone)

Wires & Cables Segment:

  • Q2 FY27 Revenue: ₹30,103 million
  • Q2 FY27 Profit before tax: ₹2,824 million
  • H1 FY27 Revenue: ₹58,903 million
  • H1 FY27 Profit before tax: ₹5,678 million

Fast-Moving Electrical Goods (FMEG) Segment:

  • Q2 FY27 Revenue: ₹2,737 million
  • Q2 FY27 Loss before tax: ₹(124) million
  • H1 FY27 Revenue: ₹5,619 million
  • H1 FY27 Loss before tax: ₹(124) million

Balance Sheet Position (Standalone as of 30 September 2026)

  • Total assets: ₹57,872 million
  • Property, plant and equipment: ₹11,027 million
  • Capital work-in-progress: ₹1,855 million
  • Inventories: ₹22,237 million
  • Trade receivables: ₹12,792 million
  • Cash and cash equivalents: ₹189 million
  • Total equity: ₹30,204 million
  • Borrowings (non-current): ₹2,431 million
  • Borrowings (current): ₹2,303 million
  • Trade payables: ₹18,110 million

Cash Flow (Standalone H1 FY27)

  • Net cash from operating activities: ₹1,214 million
  • Net cash used in investing activities: ₹(2,970) million
  • Net cash from financing activities: ₹1,090 million
  • Net decrease in cash: ₹(666) million

Significant Notes

Labour Code Impact:

  • Government notified four Labour Codes on 21 November 2025 consolidating 29 existing labour laws
  • Company has presented impact under "Exceptional items" due to materiality and regulatory-driven nature
  • Q1 FY26 impact: ₹(138) million
  • Full year FY26 impact: ₹190 million

Extended Producer Responsibility (EPR):

  • Hazardous and Other Wastes Amendment Rules, 2025 effective 1 April 2026 require EPR obligations for recycling non-ferrous metal scrap
  • Online registration portal not yet operational by CPCB
  • Operational guidelines and pricing framework not yet prescribed
  • Financial impact cannot be reasonably determined at this stage

Acquisition Activity:

  • Entered Business Transfer Agreement dated 25 September 2026 with U M Cables Limited and Usha Martin Limited
  • Acquisition of optical fibre and related cables business on going concern slump sale basis
  • Aggregate consideration: ₹770 million, subject to post-closing adjustments
  • Not recognized in financial results as conditions precedent not fulfilled as of 30 September 2026