Bhadora Industries Limited reported a 226% year-on-year surge in net sales value to ₹45.32 crore for the quarter ended June 30, 2026, driven by an improved product mix and higher realizations. This performance marks a substantial increase from the ₹13.92 crore recorded in the corresponding quarter of the previous financial year. The company attributes this growth to strategic enhancements in its product offerings and operational efficiencies.

The financial data for the first quarter highlights the company's ability to scale its revenue base effectively. The following table details the segment-wise value analysis for the reported period.

Management Commentary

Mr. Shashank Bhadora, Managing Director, Bhadora Industries Limited, stated that the strong start to FY27 reflects the strength of the business model and operational excellence. He highlighted that the company is expanding its product portfolio across LT, MV, HT, Instrumentation & Control cables, increasing copper cable manufacturing capacity, and exploring new export opportunities.

Strategic Outlook

Looking ahead, Bhadora Industries maintains a positive long-term outlook for the cable industry. This optimism is supported by increasing investments in power infrastructure, renewable energy, urbanization, industrial manufacturing, railways, data centres, and electric mobility. The company is committed to expanding its manufacturing capabilities and strengthening its presence in institutional and export markets.

Bhadora Industries continues to focus on operational excellence, capacity utilization, product innovation, and quality leadership. These efforts are part of its disciplined financial management and strategic expansion plans, which include the development of an upcoming integrated cable manufacturing facility.

Bhadora Industries Limited reported a profit after tax (PAT) of INR9.96 crores for the financial year FY26, with revenue from operations reaching INR124.93 crores. The company also announced a significant expansion plan and a major order win, positioning itself for substantial growth in the coming year. The management provided these updates during its earnings conference call for H2 FY26 and the full year FY26 held on June 06, 2026.

For the second half of FY26, the company reported revenue of INR78.01 crores and a PAT of INR6.38 crores. The results were driven by strong execution, healthy customer demand, and operational efficiency. The company’s current manufacturing facility is fully booked through October 2026, with an order book exceeding INR100 crores. This includes the largest single order in the company’s history, valued at over INR100 crores, from a reputed multinational customer.

Expansion and Capacity

The development of a new manufacturing facility is approximately 80% complete, with commercial production expected to commence by October 2026. The planned capital expenditure for Phase 1 has been enhanced to exceed INR75 crores, supported by a sanctioned term loan of approximately INR40 crores. The new facility will significantly expand the product portfolio to include MVCC cables, HT cables up to 33kV, instrumentation cables, and control cables.

Financial Outlook

The company has projected a revenue target of INR200 crores to INR225 crores for FY27. This growth is expected to be back-ended, with the new facility contributing significantly in the second half of the year. Management anticipates utilizing 15% to 20% of the new facility's capacity in FY27, generating an incremental revenue of approximately INR80 crores.

Operational Metrics

Strategic Initiatives

Bhadora Industries is diversifying its product mix, moving beyond traditional aluminium cables to include copper power cables. The company holds over 40 approvals, providing a competitive edge. Management expects EBITDA margins to remain in the range of 14% to 14.5% in FY27, supported by a price variation mechanism in 98% of its orders that mitigates raw material volatility.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript and audio link of the investor call have been disclosed on the company's website.