Jainik Power Cables Limited reported a 51.7% rise in net profit to ₹1,401.75 lakh for the financial year ended March 31, 2026, compared to ₹923.61 lakh in the previous year. Revenue from operations increased 11.9% to ₹39,348.39 lakh from ₹35,168.95 lakh in FY25. The company, which is primarily engaged in the production of aluminum and other metals wire, rods, and ingots, attributed the growth to higher operational scale following its recent listing.

The Board of Directors approved the audited financial results for the half year and financial year ended March 31, 2026, at a meeting held on May 30, 2026. Kapish Jain & Associates, the statutory auditors, issued an audit report with an unmodified opinion on the financial results. The auditor confirmed that the results give a true and fair view of the company's financial performance in conformity with the applicable accounting standards.

For the half year ended March 31, 2026, the company posted a net profit of ₹784.80 lakh on revenue from operations of ₹20,890.65 lakh. Total income for the half year stood at ₹21,017.25 lakh. The company noted that these half-year figures are balancing figures derived from the audited full-year results and the previously published unaudited results for the half year ended September 30, 2025.

Financial Performance

The company's earnings per share (EPS) for the full year improved to ₹10.49 from ₹9.99 in the previous year. Total expenses for FY26 rose to ₹37,615.62 lakh from ₹34,000.71 lakh in the prior year, primarily due to higher material costs and increased operational activity. Finance costs decreased to ₹119.48 lakh from ₹142.71 lakh in the previous year.

IPO Proceeds Utilization

Jainik Power Cables issued 46,63,200 equity shares with a face value of ₹10 each at a premium of ₹110 per share via an initial public offer (IPO). The company listed on the Emerge Platform of NSE Limited on June 17, 2025. The total IPO proceeds of ₹5,129.52 lakh were fully utilized as per the object clause of the prospectus dated June 3, 2025.

Balance Sheet and Cash Flows

The company's equity and liabilities increased to ₹11,625.52 lakh as of March 31, 2026, from ₹7,118.58 lakh in the previous year. Share capital rose to ₹1,434.77 lakh following the IPO, while reserves and surplus surged to ₹7,071.73 lakh. Total assets stood at ₹11,625.52 lakh, with current assets comprising ₹9,774.94 lakh.

Cash flow from financing activities was positive at ₹3,178.96 lakh, driven by proceeds from the issuance of equity shares. However, cash used in investing activities was ₹807.45 lakh, mainly due to capital expenditure. Net cash generated from operating activities was negative at ₹2,328.76 lakh, largely due to taxes paid and changes in working capital.