JD Cables Ltd FY26 Results

JD Cables Ltd reported annual revenues of ₹365.19 crore and a profit after tax (PAT) of ₹31.72 crore for the fiscal year 2026. In the second half of FY26 (H2 FY26), the company posted revenues of ₹243.34 crore and a PAT of ₹19.80 crore, a significant increase from ₹143.05 crore and ₹11.71 crore respectively in H2 FY25.

Reader Takeaway: Strong H2 performance and expansion plans are positive, but raw material costs are a risk.

What just happened

JD Cables Ltd announced its financial results for the full fiscal year 2026 and the second half of FY26. The company achieved revenues of ₹365.19 crore and a PAT of ₹31.72 crore for the full year. For H2 FY26, revenues grew to ₹243.34 crore from ₹143.05 crore in H2 FY25, with PAT rising to ₹19.80 crore from ₹11.71 crore in the prior year period.

Why this matters

The strong year-on-year growth in revenue and profit for H2 FY26 indicates improving operational efficiency and market demand. The company's substantial order book of ₹515 crore provides revenue visibility for upcoming periods. Strategic initiatives like capacity expansion and diversification into infrastructure projects signal future growth potential.

The backstory

JD Cables has a history of cable manufacturing. The current results reflect a period of significant expansion and strategic diversification beyond its core business. The company has been investing in increasing its production capacity and entering new market segments.

What changes now

The company is actively expanding its manufacturing capacity with a new facility in Dankuni and plans for a Unit III expansion. Entry into infrastructure development, particularly National Highway projects, marks a significant diversification. The addition of new cable types like MVCC, AL-59, HTLS, and HT cables aims to broaden its product offering.

Risks to watch

Investors should monitor the volatility of raw material prices, particularly copper and aluminium, which can impact profit margins. Additionally, the company noted that orders from utilities can be subject to external factors, potentially leading to lumpy financial performance quarter-to-quarter.

Peer comparison

(No specific peer comparison data provided in the filing.)

Context metrics (time-bound)

As of March 2026, JD Cables maintained an order book of ₹515 crore. For FY26, capacity utilization stood at 82.43% for Unit I and 84.56% for Unit II. The company reported EBITDA of ₹28.87 crore in H2 FY26 compared to ₹18.95 crore in H2 FY25.

What to track next

Investors will be keen to see the utilization of the newly acquired and planned expanded capacities. The company's ability to successfully integrate its infrastructure projects and manage raw material price fluctuations will be crucial for future performance.