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.

Cords Cable Industries Limited has announced a dividend of ₹1.20 per share for the financial year ended March 31, 2026, pending shareholder approval. The company has established a deadline of August 31, 2026, for shareholders to submit necessary tax declarations to ensure the correct Tax Deducted at Source (TDS) rate is applied to the payout. The Board of Directors recommended this dividend at its meeting held on May 28, 2026.

TDS Guidelines for Resident Shareholders

The applicable TDS rate depends on the shareholder's category and the total dividend amount. For resident individuals, no tax will be deducted if the dividend does not exceed ₹10,000. If the dividend exceeds this threshold and the shareholder holds a valid PAN, the TDS rate is 10%. Individuals without a valid PAN or with an inoperative PAN will face a 20% deduction. Other non-individual residents are subject to a 10% TDS, while Mutual Funds and Insurance Companies are exempt.

Provisions for Non-Resident Shareholders

Non-resident shareholders are subject to a TDS rate of 20%, plus applicable surcharge and cess. To claim benefits under the Double Tax Avoidance Agreement (DTAA), shareholders must submit specific documents to the Registrar and Transfer Agent, MUFG Intime India Private Limited, by August 31, 2026. Required documents include a self-attested copy of PAN, a Tax Residency Certificate for FY 2026–27, Form 41 for FY 2026-27, and a self-declaration in the prescribed format.

Submission Requirements

Shareholders eligible for exemption must submit Form No. 121 by August 31, 2026. The company warns that failure to submit complete or correct documentation may result in a higher TDS deduction. Additionally, shareholders whose dividend income is assessable in another person's hands must submit a declaration by the same deadline. The company also requested that members update their bank account details and email IDs with the depository or RTA to ensure timely credit of dividends and receipt of communications.