Delton Cables Reports Strong FY26 Growth with Revenue Up 39%

Delton Cables' revenue reached ₹986.38 crore in FY26, a significant 39% increase from the previous year. The company reported Q4 FY26 revenue of ₹320.31 crore. EBITDA grew by 37% to ₹66.38 crore, and adjusted profit after tax (PAT) stood at ₹14.54 crore. The Board has recommended a final dividend of ₹2.00 per equity share.

Key Financial Highlights

Delton Cables announced its full-year results ending March 31, 2026. Total income from operations rose to ₹988.80 crore, up 39% from ₹710.90 crore in FY25. EBITDA saw a 37% jump to ₹66.40 crore from ₹48.40 crore in the prior year, and adjusted PAT grew 21% to ₹14.50 crore from ₹12.00 crore.

Strategic Growth Drivers

The substantial revenue growth reflects strong market demand for Delton Cables' products. The significant EBITDA increase suggests improvements in operational efficiency or pricing power. A key development is the company's strategic shift toward the Engineering, Procurement, and Construction (EPC) segment. EPC orders contributed 52% of revenue in FY26, showing an impressive 87% growth. This pivot contrasts with a conscious reduction in exposure to the lower-margin Railways segment, which saw its revenue contribution fall by 21% to 28% of total revenue in FY26.

Balance Sheet Strength and Shareholder Returns

A significant revaluation of land assets to ₹240.13 crore has substantially improved the company's balance sheet, raising the book value per share to ₹397. This enhanced financial footing provides a stronger base for future growth and potential expansion. The recommended dividend of ₹2.00 per equity share signals management's confidence in the company's financial health and commitment to shareholder returns.

Operational Challenges and Outlook

Management highlighted margin pressure in FY26, with EBITDA margins at 6.73%. This was attributed to volatile input costs and supply chain disruptions. Investors will need to monitor how effectively the company navigates these challenges in the coming quarters.

The company's order book stood at ₹513 crore as of March 31, 2026, with a strong 90% comprised of EPC orders, indicating continued focus and momentum in this higher-margin segment.

Investor Focus Areas

Investors should track Delton Cables' execution of its substantial EPC order book. Key areas to watch include management's strategies for mitigating input cost volatility and supply chain issues that impact margins, as well as future revenue growth trends across its different business segments.