Financial Performance Highlights (H1 FY27 vs H1 FY26)

Revenue from Operations: ₹202.06 crore (20,206.23 lakhs) vs ₹69.67 crore (6,967.49 lakhs) - 190.01% growth

Operating Profit: ₹23.78 crore (2,378.45 lakhs) vs ₹9.15 crore (914.64 lakhs) - 160.04% growth

Operating Margin: 11.77% vs 13.13% - decline of 136 basis points

Profit After Tax (PAT): ₹13.15 crore (1,315.34 lakhs) vs ₹4.53 crore (452.64 lakhs) - 190.59% growth

Product-wise Revenue Contribution (H1 FY27 vs H1 FY26)

Winding Wire: 29.10% vs 40.37% (-11.27 percentage points change)

LT Cables & Conductors: 47.83% vs 46.76% (+1.07 percentage points change)

HT Cables & MVCC: 19.36% vs 0.75% (+18.61 percentage points change)

Others: 3.71% vs 12.12% (-8.41 percentage points change)

Strategic and Operational Highlights

Order Visibility: Unexecuted order book of ₹147 crore as of September 30, 2026, with active order pipeline of ₹200 crore, taking total order visibility to ₹347 crore.

Product Shift: Significant increase in higher-margin products - HT Cables and MVCC sales increased to approximately ₹39 crore in H1 FY27 from ₹0.52 crore in H1 FY26. Winding Wires sales increased by 109% YoY.

CCV Line: Expected to become operational within the next 10 days. CCV technology is mandatory for most HT cable projects.

Capacity Expansion:

  • Cable manufacturing capacity expansion from 11,000 km p.a. to 16,000 km p.a.
  • Commercial production targeted from March 2027
  • Winding wire capacity increased from 3,307 to 4,200, with further expansion to 5,500 planned (66% overall increase)

Working Capital Management: Cash flow from operations turned positive despite aggressive business expansion, supported by stronger equity base and improved liquidity.

Land Acquisition: Company is in advanced stage of taking possession of newly acquired land to support future capacity expansion plans.

Management Commentary

Vishal Jain, Chairman & Managing Director, stated that H2 FY27 is expected to be significantly stronger with business momentum improving further in the second half of the financial year.

Conference Call Details

Scheduled for 05th November 2026 at 2:00pm IST. Meeting registration available through provided Zoom link.

Company Background

Susan Electricals India Limited is a manufacturer of wires, cables and power distribution products established in 2007. Serves government utilities, EPC companies, infrastructure players and private customers across India. Maintains three manufacturing facilities in Ghaziabad, Uttar Pradesh.