JD Cables Limited Reports 52% Revenue Growth in Q4 FY26, Expands EPC Infrastructure Focus
JD Cables Limited reported strong Q4 FY26 results with revenue from operations reaching ₹12,349.11 Cr, up 51.97% from ₹8,125.80 Cr in Q4 FY25. Full year FY26 revenue grew 45.53% to ₹36,459.15 Cr from ₹25,052.58 Cr in FY25. The company maintains an order book of approximately ₹515 Cr as of March 2026 and has improved capacity utilization across both manufacturing units. JD Cables has invested in facility expansion at Dankuni and is transitioning from a cable manufacturer to an integrated EPC-led infrastructure player.

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JD Cables Limited has delivered exceptional financial performance in Q4 FY26, demonstrating strong growth momentum driven by robust order book execution and increasing participation in EPC infrastructure projects. The company, which manufactures cables, wires, and aluminium conductors for power transmission and distribution, serves as an approved vendor for multiple State Electricity Boards with a strong presence across Northern, Eastern and Northeastern India.
Financial Performance Highlights
The company's financial results showcase remarkable growth across key metrics. In Q4 FY26, JD Cables achieved significant revenue expansion compared to the corresponding period in the previous year.
| Metric: | Q4 FY26 | Q4 FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹12,349.11 Cr | ₹8,125.80 Cr | 51.97% |
For the full financial year, the company maintained its strong performance trajectory with consistent growth momentum.
| Period: | FY26 | FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹36,459.15 Cr | ₹25,052.58 Cr | 45.53% |
Operational Metrics and Capacity Utilization
JD Cables has demonstrated improved operational efficiency across its manufacturing facilities. The company operates two primary production units with enhanced capacity utilization rates in FY26.
| Parameter: | Unit I | Unit II |
|---|---|---|
| Capacity Utilization FY26: | 82.43% | 84.56% |
| Capacity Utilization FY25: | ~79% | ~81% |
| Installed Capacity: | 6,000 Kms | 22,000 Kms |
The company maintains a healthy order book of approximately ₹515 Cr as of March 2026, providing strong revenue visibility for future periods.
Strategic Expansion and Infrastructure Development
JD Cables has undertaken significant capacity expansion initiatives to support its growth strategy. The company acquired a new facility at Dankuni spanning approximately 1.18 lakh sq. ft., with total investments of ₹10.45 Cr and ₹7.23 Cr in plant and machinery respectively.
This expansion serves multiple strategic purposes including capacity enhancement and diversification into new product lines:
- MVCC (Medium Voltage Control Cables)
- AL-59 conductors
- HTLS (High Temperature Low Sag) conductors
- HT (High Tension) cables
Growth Strategy and Market Positioning
The company is positioning itself for continued expansion through several key growth drivers. JD Cables expects sustained growth supported by execution of large EPC and cable supply orders, along with expansion in manufacturing capacity and product portfolio. The company is also focusing on increasing vendor approvals and expanding its geographic reach.
JD Cables is strategically evolving from a traditional cable manufacturer to an integrated EPC-led infrastructure player, which provides enhanced revenue visibility over the medium term. This transformation aligns with the growing infrastructure development requirements across India's power transmission and distribution sector.
How will JD Cables' transition to an EPC-led model impact its profit margins and competitive positioning against established infrastructure players?
What is the company's strategy for securing additional State Electricity Board approvals beyond its current Northern and Eastern India presence?
How might the recent capacity expansion and new product lines affect JD Cables' market share in the high-growth HTLS conductor and medium voltage cable segments?

































