Rajratan Global Wire Limited reported a 17.5% year-on-year increase in consolidated net profit for the quarter ended September 30, 2026 (Q2FY27). The company logged a profit after tax of ₹24.14 crore, up from ₹20.55 crore in the corresponding period last year. However, the result missed analyst estimates of ₹25.4 crore.

Consolidated revenue from operations grew 26.1% YoY to ₹370.8 crore, reflecting strong demand in both domestic and international markets. Despite the top-line growth, EBITDA margins contracted to 12.35% from 13.6% in Q2FY26, with absolute EBITDA rising to ₹45.8 crore from ₹40.0 crore. The Board of Directors approved these unaudited standalone and consolidated financial results during a meeting held on October 21, 2026.

Financial performance highlights

The company’s operational momentum was evident across key metrics, though profitability ratios faced pressure. Standalone net profit rose to ₹16.76 crore from ₹12.48 crore a year earlier. The following table summarizes the consolidated financial performance:

Note: Figures converted from lakhs/millions to crore for readability.

Segment and geographic mix

Rajratan Global Wire operates primarily in the Tyre Bead Wire segment. The consolidated segment reporting reveals a significant contribution from exports, which accounted for nearly half of the total external turnover in Q2FY27.

• Domestic Revenue: ₹20.32 crore (Q2FY27) vs ₹17.20 crore (Q2FY26)
• Export Revenue: ₹16.76 crore (Q2FY27) vs ₹12.22 crore (Q2FY26)

The export segment showed robust growth of 37.2% YoY, outpacing the domestic growth rate of 18.1%. This shift highlights the company’s expanding footprint in global markets through its subsidiaries, including Rajratan Thai Wire Company Limited and Rajratan Wire USA Inc.

What the numbers show

A divergence between revenue growth and margin performance characterizes this quarter. While revenue expanded by 26.1%, EBITDA grew at a slower pace of 14.5%, leading to a contraction in operating margins by 125 basis points to 12.35%. This suggests that cost pressures or mix shifts may have impacted operational efficiency despite higher volumes.

On the balance sheet, capital work-in-progress (consolidated) increased to ₹11.54 crore as of September 30, 2026, from ₹8.81 crore at the end of FY26, indicating ongoing capital expenditure projects. Trade receivables grew to ₹28.21 crore from ₹25.54 crore in March 2026. While this aligns with revenue growth, the increase in current borrowings to ₹28.40 crore (from ₹19.46 crore) indicates the company is leveraging debt to fund working capital cycles and expansion activities. The cash flow statement shows a net cash generated from operating activities of ₹8.61 crore in H1FY27, a significant turnaround from the negative cash flow recorded in the previous year’s half-year period.

Auditor review

The financial results were reviewed by M/s Fadnis & Gupte LLP, Chartered Accountants, who issued an unmodified review report. The auditor noted that the interim financial results of subsidiaries were reviewed by their respective independent auditors or certified by management where applicable.

Rajratan Global Wire Limited will hold a virtual one-on-one meeting with institutional investors and analysts on August 21, 2026. The company disclosed the schedule in a filing with stock exchanges on August 19, 2026, confirming that the interaction will be conducted with Everflow Partners.

The management team will use the company's investor presentation for the first quarter of FY27 as the basis for discussions. Rajratan Global Wire stated that the presentation is already in the public domain and available on its website and those of the stock exchanges.

Meeting Details

The interaction is structured as a single session with specific constraints regarding information disclosure. Key parameters of the meeting are outlined below:

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rajratan Global Wire emphasized that no unpublished price-sensitive information will be shared during the session. The company noted that the meeting is subject to change in case of exigencies on the part of either the company or the investors.

Shubham Jain, Company Secretary and Compliance Officer, signed the intimation, requesting stock exchanges to take the information on record as compliance with applicable listing regulations.