Quarterly Performance - Standalone Financial Results
Vindhya Telelinks Limited announced its financial results for the second quarter ended September 30, 2026. The company reported significant improvement in profitability despite revenue moderation.
Key Financial Metrics (₹ in lakhs):
| Metric | Q2 FY2026-27 | Q2 FY2025-26 | Change |
| Revenue From Operations | 83,756.80 | 94,910.35 | -11.7% |
| EBITDA | 12,173.93 | 8,212.49 | +48.2% |
| Finance Cost | 4,103.07 | 3,727.05 | +10.1% |
| Depreciation | 741.70 | 484.19 | +53.2% |
| PBT | 7,329.16 | 4,001.25 | +83.2% |
| PAT | 5,781.42 | 3,170.70 | +82.3% |
Business Segment Performance
Cable Business:
- Recorded EBITDA of ₹7,936.81 lakhs in Q2 FY2026-27 compared to ₹2,166.94 lakhs in Q2 FY2025-26, representing growth of over 250%
- Performance driven by higher business volumes and increased contribution from Optical Fibre Cable (OFC) business
- Sustained demand for connectivity infrastructure supporting growth
- Company expanding advanced manufacturing capabilities for high fibre-count optical fibre cables and specialized products
- Global expansion of AI, hyperscale data centers, and next-generation telecommunications networks creating significant opportunities
EPC Business:
- Reported revenue of ₹51,285.14 lakhs and EBITDA of ₹4,237.12 lakhs during Q2 FY2026-27
- Comparative figures for Q2 FY2025-26: Revenue ₹75,365.99 lakhs, EBITDA ₹6,045.55 lakhs
- Performance influenced by execution and funding-related constraints in government-funded projects, particularly Jal Jeevan Mission (JJM)
- Outstanding receivables under UP-JJM (Phase 3) reduced from ₹727.28 crore as of June 30, 2026 to ₹540.89 crore as of September 30, 2026
- Company engaged with relevant authorities for release of pending payments, expects further recovery in current quarter
- Division prioritizing accelerated execution, improved resource utilization, and cost discipline
- Maintaining selective approach to new growth opportunities with emphasis on risk-adjusted returns and funding visibility
Consolidated Financial Results
Quarterly Performance (₹ in lakhs):
| Metric | Q2 FY2026-27 | Q2 FY2025-26 |
| Revenue From Operation | 84,066.43 | 95,983.16 |
| PBT | 10,224.79 | 8,075.63 |
| PAT | 7,945.98 | 6,176.66 |
Strategic Initiatives
Birla Cable Limited Amalgamation:
- Proposed amalgamation of Birla Cable Limited with Vindhya Telelinks Limited progressing through regulatory process
- Received "No Objection" letter from National Stock Exchange of India Limited (NSE)
- Received "No Adverse Observations" from BSE Limited
- Filed First Motion application with jurisdictional National Company Law Tribunal (NCLT)
- Scheme subject to receipt of statutory and regulatory approvals, including sanction by NCLT
- Expected to facilitate consolidation of Group's Telecom cable operations and enable greater operational integration
Business Overview and Outlook
Vindhya Telelinks Limited specializes in manufacturing and sale of telecommunication cables, optical fibre cables, solar PV cables, railway cables, specialty cables, and provides EPC services across telecom, power, water, irrigation and solar infrastructure sectors.
Strategic Priorities:
1. Profitable growth in Cable business
2. Disciplined execution and cash flow improvement in EPC
3. Efficient capital allocation through strategic portfolio initiatives
Current Position:
- Order book of approximately ₹5000 crore as of September 30, 2026 (excluding O&M orders)
- Ongoing investments in advanced cable manufacturing capabilities
- Continued emphasis on project selectivity and working capital discipline
- Evaluating strategic initiatives to leverage IP-1 passive optical fibre network infrastructure
Management Commentary:
Shri Y.S. Lodha, Managing Director & Chief Executive Officer, stated the company is focused on improving earnings quality and generating sustainable cash flows through its three-priority strategy.
Operational Details
- Production facility located at Rewa, Madhya Pradesh
- EPC Division located at Noida, Uttar Pradesh
- Company part of MP Birla Group