Cords Cable Industries reported a 41.23% year-on-year increase in net profit after tax (PAT) for the financial year ended March 31, 2026. The company delivered strong top-line growth alongside margin expansion, reflecting improved operational efficiency.

Financial Performance

Revenue from operations rose by 20.05% to reach ₹95,389.98 lakh in FY26, up from ₹79,456.29 lakh in the previous fiscal year. The bottom line expanded significantly, with PAT climbing to ₹2,053.40 lakh from ₹1,453.92 lakh. Earnings per share (EPS) increased to ₹15.88 from ₹11.25 in the prior year.

The company attributed the growth to optimal capacity utilization and an improved product mix. Management noted that operational efficiencies helped mitigate the impact of volatile global base metal prices on margins.

What the Numbers Show

Foreign exchange earnings surged to ₹10,836.01 lakh from ₹2,028.52 lakh in the previous year, indicating a substantial acceleration in export activity. This five-fold increase in forex inflows suggests that international markets are becoming a critical growth driver for the company, diversifying its revenue base beyond domestic operations.

Dividend and Corporate Actions

The Board of Directors recommended a final dividend of ₹1.20 per equity share, representing a 12% payout ratio. This is an increase from the ₹1.00 per share dividend declared for the previous financial year. If approved at the upcoming Annual General Meeting, the total dividend outflow will be approximately ₹155.13 lakh.

The company also announced the appointment of M/s GVKN & Associates as its new Statutory Auditors for a term of five years, succeeding M/s Alok Misra & Co., whose tenure concluded with this AGM.

Operational Outlook

Cords Cable continues to pursue business opportunities across power, renewable energy, solar, green hydrogen, and infrastructure sectors. The company remains focused on strengthening its presence in value-added industrial segments and broadening its customer base in both domestic and overseas markets, including the Middle East and Africa.

The Board of Directors of Cords Cable Industries approved the unaudited financial results for the first quarter ended June 30, 2026, reporting a net profit of ₹779.75 lakh, compared to ₹386.61 lakh in the corresponding period of FY25. This represents a year-on-year growth of approximately 102%. Revenue from operations stood at ₹24,719.89 lakh, up from ₹22,569.73 lakh in Q1FY25.

Financial Performance

The company’s profit before tax was ₹1,054.75 lakh, rising sharply from ₹525.33 lakh in the previous year’s quarter. Total income reached ₹25,129.01 lakh, aided by other income of ₹409.12 lakh, which was significantly higher than the ₹70.86 lakh recorded in Q1FY25. Earnings per share (basic and diluted) were ₹6.01, compared to ₹2.97 in Q1FY25.

*EBITDA calculated as Profit before tax + Depreciation & Amortisation + Finance Costs.

What the Numbers Show

A key driver behind the margin expansion was the change in inventories. The company recorded a credit of ₹4,418.40 lakh from changes in inventories of finished goods and work-in-progress, compared to ₹1,324.30 lakh in Q1FY25. This substantial inventory build-up effectively reduced the cost of materials consumed relative to revenue, contributing to the higher operating profits despite material costs rising to ₹25,198.55 lakh from ₹19,722.99 lakh year-on-year. Other expenses also declined to ₹1,345.31 lakh from ₹1,799.71 lakh in the prior year quarter, further supporting bottom-line growth.

Corporate Actions

The board also fixed the date for the 35th Annual General Meeting (AGM) on September 28, 2026, at ISKCON, Hare Krishna Hills, New Delhi. The record date for dividend entitlement is set for September 21, 2026. Shareholders on record as of this date will be eligible for the dividend, if approved at the AGM, payable by October 27, 2026. Remote e-voting will be available from September 25 to September 27, 2026.

Additionally, on the recommendation of the Audit Committee, the board proposed the appointment of M/s GVKN & Associates, Chartered Accountants, as statutory auditors for a term of five consecutive years, subject to shareholder approval at the AGM. The firm, formerly known as Vipin K Gupta & Co., has over 26 years of experience in statutory and internal audits.