Financial Highlights – H1 FY27

The company reported its highest-ever half-yearly performance across key metrics:

  • Total Revenues: INR 3,123 million in H1 FY27, representing a 22.1% increase from H1 FY26 (INR 2,558 million) and a 3.9% increase from H2 FY26 (INR 3,006 million). Full-year FY26 revenue was INR 5,563 million.
  • EBITDA: INR 224 million in H1 FY27, representing a 12.0% increase from H1 FY26 (INR 200 million) and a 9.8% increase from H2 FY26 (INR 204 million). Full-year FY26 EBITDA was INR 405 million.
  • Profit After Tax (PAT): INR 128 million in H1 FY27, representing a 37.6% increase from H1 FY26 (INR 93 million) and a 9.4% increase from H2 FY26 (INR 117 million). Full-year FY26 PAT was INR 210 million.
  • PAT Margin: 4.1% in H1 FY27, an improvement of 45 basis points from H1 FY26 (3.7%) and 18 basis points from H2 FY26 (3.9%). Full-year FY26 PAT margin was 3.8%.
  • EPS: INR 5.71 in H1 FY27, representing a 3.5% increase from H1 FY26 (INR 5.52) but a 4.83% decrease from H2 FY26 (INR 6.00). Full-year FY26 EPS was INR 10.74.

Business Updates – H1 FY27

Capacity Expansion and Geographic Diversification

The company advanced its pan-India expansion through two acquisitions:

  • Acquired a 48,000 MTPA GI wire facility at Siltara, Chhattisgarh, improving proximity to power transmission, distribution, and infrastructure customers.
  • Acquired Wire Brigade Industries' 24,000 MTPA facility at Howrah, West Bengal, establishing a manufacturing base in a key industrial market with room for future expansion.

These additions, effective from November 2026, will increase the company's total installed capacity from 100,000 MTPA to 172,000 MTPA across six manufacturing facilities, creating a pan-India network.

Major Order Win

Secured an INR 824 million order from POWERGRID during H1 FY27 for the supply and installation of Optical Ground Wire (OPGW), strengthening the company's position in higher-value power transmission and communications infrastructure.

Fundraising

Completed a capital raise during H1 FY27 to support disciplined capacity expansion, wider manufacturing footprint, and integration of newly acquired facilities.

Management Commentary

Mr. Siddharth Rajendra Agarwal, Chairman and Managing Director, commented on the strategic expansion into Chhattisgarh and West Bengal, creating a six-facility manufacturing platform. He highlighted India's significant investments in power transmission, railways, telecom, and infrastructure, and positioned the company to participate in this growth through new-age businesses like OPGW and OFC. The expansion focuses on building capabilities, strengthening geographical reach, and creating a platform for the next phase of growth.

Company Background

Systematic Industries Limited, founded in 2000, is a manufacturer of specialized steel wires, cables, and optical fiber solutions. Post-expansion, it will operate six manufacturing facilities with 172,000 MTPA capacity. It serves customers across approximately 25 states and 30 countries and is an approved vendor for RDSO and Power Grid Corporation of India Limited.