Prime Cable FY26 PAT rises 66% to INR 12.24 crore
Prime Cable Industries Limited reported a 66% YoY rise in PAT to INR 12.24 crore for FY26, with revenue increasing 67% to INR 234.88 crore. The Board approved the audited financial results on May 21, 2026.

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Prime Cable Industries Limited announced its audited financial results for the financial year ended March 31, 2026, following a Board meeting on May 21, 2026. The company reported strong growth in profitability and operational metrics, supported by robust order execution and capacity expansion.
Financial Performance
For the full year FY26, Prime Cable Industries recorded a revenue from operations of INR 234.88 crore, a 67% increase compared to INR 141.0 crore in the previous year. Profit after tax (PAT) for the year stood at INR 12.24 crore, rising 66% from INR 7.35 crore in FY25. The company’s EBITDA for the year grew by 61% to INR 23.49 crore, with an EBITDA margin of 10.0%.
In the second half of FY26 (H2 FY26), revenue reached INR 144.17 crore, a 70% year-over-year increase, while PAT increased by 38% to INR 6.76 crore. The unexecuted order book as of May 15, 2026, was INR 191.0 crore, scheduled for execution over the next 4-6 months.
| Metric | FY25 | FY26 | YoY Change |
|---|---|---|---|
| Revenue from operations (INR Cr) | 141.0 | 234.9 | 67% |
| PAT (INR Cr) | 7.35 | 12.24 | 66% |
| EBITDA (INR Cr) | 14.6 | 23.5 | 61% |
| EBITDA Margin | 10.4% | 10.0% | -38bps |
Operational Highlights
The company achieved an annualized capacity utilization of 55% in FY26, with facilities in Narela (Unit 1) and Ghiloth (Unit 2) nearing peak utilization by March 2026. Prime Cable secured BIS certifications for MV power cables, ACSR connectors, and solar cables, marking its entry into the renewable segment. The order book remains robust, supported by incremental state approvals in five states during the fiscal year.
Strategic Expansion
Prime Cable is expanding its manufacturing footprint with a new facility in Ghiloth (Unit 3), scheduled for commissioning by the end of H1 FY27. The project, with a total cost of INR 39.9 crore, will focus on medium voltage cables up to 33 kV. The company targets an installed capacity of 5,000 kms per annum by the end of H1 FY27 and 8,000+ kms by Q1 FY28. Management expects revenue to grow at a 45% CAGR over the next two years, driven by strong demand tailwinds and capacity ramp-up.
How will Prime Cable Industries fund the remaining capital expenditure for Unit 3 and the planned 8,000+ km capacity expansion, and what impact will this have on its debt-to-equity ratio?
Given the EBITDA margin compression of 38bps in FY26 despite strong revenue growth, what risks could further erode margins as the company scales toward its 45% CAGR revenue target?
With Unit 3 focusing on medium voltage cables up to 33 kV and new BIS certifications for solar cables, how much of Prime Cable's future order book does management expect to derive from the renewable energy sector?



























