Cords Cable Industries Limited posted robust FY26 results with a 40.71% surge in PAT to Rs 20.64 crore. The company has recommended a final dividend of Rs 1.20 per share ahead of its 35th AGM scheduled for September 28, 2026. Shareholders will also vote on auditor appointments and management remuneration revisions.
Cords Cable FY26 Profit Climbs 40% to Rs 20.64 Crore
Revenue reached Rs 953.90 crore, up 20% from Rs 794.56 crore last year.
Reader Takeaway: Strong operational efficiency boosted bottom-line performance, though management remuneration hikes remain subject to shareholder approval.
What just happened
Cords Cable Industries has released its annual results for FY 2025-26, showing significant growth. The company reported a Profit After Tax of Rs 20.64 crore, a 40.71% increase from the previous year. Revenue from operations also saw a healthy rise of 20.05%, reaching Rs 953.90 crore.
Why this matters
Investors are reacting to the double-digit growth in both revenue and profit, driven by better capacity utilization and a shift toward high-margin instrumentation cables. The board has proposed a final dividend of Rs 1.20 per share (12%), marking an improvement over last year's payout of Rs 1.00 per share.
Governance and AGM Updates
The upcoming 35th Annual General Meeting on September 28, 2026, will address three key items:
- Appointment of M/s GVKN & Associates as statutory auditors for a five-year term.
- Re-appointment of Mr. Pawan Kumar Maheswari as Whole-Time Director.
- Approval of revised remuneration packages for the Managing Director and specific Vice Presidents.
Risks to watch
While the company maintains a stable CARE BBB rating, operational margins remain sensitive to the volatility of base metal prices, which are core inputs for cable manufacturing.
What to track next
The focus will shift to the AGM outcomes, specifically regarding the approval of management pay increases and the seamless transition to the new statutory auditors.