Bhadora Industries FY26 PAT rises to ₹9.96 crore, eyes ₹225 crore revenue in FY27
Bhadora Industries Limited announced its financial results for FY26, achieving a revenue of INR124.93 crores and a PAT of INR9.96 crores. The H2 FY26 revenue stood at INR78.01 crores with a PAT of INR6.38 crores. The company revealed a robust order book exceeding INR100 crores, including its largest single order from a multinational client. A new manufacturing facility, 80% complete, is scheduled to start operations by October 2026, with a Phase 1 capex of INR75 crores. The expansion will triple capacity and add high-margin products like HT and instrumentation cables. For FY27, the company targets revenue of INR200 crores to INR225 crores, driven by the new facility and strong demand in the power and infrastructure sectors.

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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
| Parameter | Current Facility | New Facility (Phase 1) |
|---|---|---|
| Aluminium Consumption | 200 tons/month | 600 tons/month |
| Copper Consumption | 25 tons/month | 200 tons/month |
| Revenue Potential | - | INR350–400 crores |
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.
Historical Stock Returns for Bhadora Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.49% | +41.02% | +28.99% | +20.78% | -12.22% | -12.22% |
What are the specific funding strategies for the remaining gap between the enhanced Phase 1 capital expenditure and the sanctioned term loan?
How will the transition to copper-intensive production impact the company's working capital requirements given the significant increase in copper consumption?
What are the potential risks or delays associated with the back-ended revenue growth projection for FY27?
























