JD Cables targets 50-60% revenue growth in FY27
JD Cables Limited reported a 44% increase in FY26 net profit to ₹3172.46 lakh, with revenue rising 45.5% to ₹36459.15 lakh. The company targets 50-60% revenue growth in FY27, supported by a ₹515 Crore order book and expansion into EPC projects. A new facility in Jamshedpur is set to commence operations soon to support capacity expansion.

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JD Cables Limited has reported a 44% rise in net profit to ₹3172.46 lakh for the financial year ended March 31, 2026, driven by robust demand and improved operational scale. The company recorded a 45.5% increase in revenue from operations to ₹36459.15 lakh, up from ₹25052.58 lakh in the previous year. Following the announcement, the transcript of the earnings conference call held on June 04, 2026, was submitted to the exchange pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.
Total income for FY26 stood at ₹36519.36 lakh, while total expenses rose to ₹32272.63 lakh. Profit before tax increased to ₹4246.72 lakh from ₹2949.90 lakh in FY25. The earnings per share (EPS) improved to ₹14.07 from ₹13.31 in the prior year. The company utilized its entire net issue proceeds of ₹7854.00 lakh during H2 FY26 for funding working capital, repayment of borrowings, and general corporate purposes.
Operational Highlights
For the half year ended March 31, 2026 (H2 FY26), the company reported a 70.24% surge in total income to ₹24375.47 lakh and a 69.04% rise in profit after tax (PAT) to ₹1979.86 lakh. The order book stood at ₹515 Crore as on March 31, 2026, providing healthy revenue visibility. Net Worth increased to ₹146.2 Crore, and the debt-to-equity ratio improved significantly to 0.39x from 1.53x in FY25. The current ratio improved to 2.25x from 1.25x, reflecting a stronger liquidity profile.
Financial Position
The statement of assets and liabilities as of March 31, 2026, showed shareholders' funds at ₹14617.05 lakh, comprising share capital of ₹2255.11 lakh and reserves of ₹12361.94 lakh. Current assets were reported at ₹20368.16 lakh, while current liabilities stood at ₹9061.48 lakh. The company's Return on Equity (ROE) for FY26 was 21.70%, and Return on Capital Employed (ROCE) was 23.11%.
Capacity Utilization
The company reported high capacity utilization across its manufacturing units. Unit I achieved 82.43% capacity utilization with production of 4,946 Kms against an installed capacity of 6,000 Kms. Unit II achieved 84.56% utilization with production of 18,603 Kms against an installed capacity of 22,000 Kms. A third unit with an installed capacity of 28,000 Kms is upcoming.
Future Outlook
Management stated that the company is targeting 50% to 60% revenue growth in FY27. This growth is expected to be driven by a robust order book of approximately ₹515 Crore and the expansion of the EPC segment, where revenue is projected to rise to ₹200 Crore from ₹30 Crore in FY26. The company has participated in tenders worth over ₹1,000 Crore. A new industrial facility at Jamshedpur, spanning 1.18 lakh square feet, is expected to commence operations shortly, with electricity connection anticipated soon. The facility will manufacture new product lines including MVCC, AL-59 conductors, HTLS conductors, and HE cables, which are expected to yield better margins than existing products.
| Financial Metrics (₹ in Lakhs) | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Revenue from Operations | 36459.15 | 25052.58 |
| Total Income | 36519.36 | 25069.51 |
| Total Expenses | 32272.63 | 22106.10 |
| Profit Before Tax | 4246.72 | 2949.90 |
| Net Profit | 3172.46 | 2202.50 |
| Earnings Per Share (Basic) | 14.07 | 13.31 |
Historical Stock Returns for JD Cables
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.87% | +22.71% | +13.04% | +39.95% | +48.20% | +48.20% |
What is the expected timeline for the Jamshedpur facility to reach full capacity and contribute to the projected revenue growth?
How will the significant expansion of the EPC segment impact the company's overall profit margins and working capital requirements?
Given the high capacity utilization in existing units, what are the capital expenditure plans to further expand production beyond the upcoming third unit?

































