Ram Ratna Wires reported a 54.7% year-on-year increase in net profit to ₹108.6 crore for the financial year ended March 31, 2026, driven by a 40.8% rise in revenue from operations to ₹5,176.6 crore. The company's operating EBITDA surged 68.7% to ₹263.6 crore, with EBITDA margins expanding to 5.1% from 4.3% in the previous year. The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 26, 2026.

Quarterly Performance

For the quarter ended March 31, 2026, consolidated net profit stood at ₹39.2 crore compared to ₹18.7 crore in the same period last year, while revenue from operations grew 83.2% year-on-year to ₹1,752.9 crore. Q4 EBITDA came in at ₹93.2 crore versus ₹45.3 crore in the year-ago period, with the EBITDA margin expanding to 5.3% from 4.7% year-on-year. Sequentially, Q4 revenue increased 37.2% and PAT rose 24% over the preceding quarter. The company's basic earnings per share (EPS) for the year increased to ₹11.48 from ₹7.53 in the prior year.

The table below summarises key financial metrics across the quarter and full year:

Dividend and Shareholder Returns

The Board recommended a dividend of ₹2.50 per equity share, representing 50% of the face value of ₹5 each, for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the 34th Annual General Meeting scheduled for August 04, 2026. Return on capital employed (ROCE) improved to approximately 25%, while return on equity (ROE) reached around 21%.

Business Drivers and Strategic Highlights

Management attributed the strong performance to robust domestic demand in power and infrastructure sectors, along with strategic diversification. The contribution of Copper Tubes and Pipes to the product mix increased from 14% to 22%, reflecting the company's focus on expanding its higher-margin product portfolio. The company noted that full-range Level Wound Coil (LWC) production successfully commenced, while Inner Grooved Tubes (IGT) production is currently in progress.

Auditor's Report and Disclosures

The statutory auditors, Bhagwagar Dalal & Doshi, issued an unmodified opinion on the audited standalone and consolidated financial results for the year ended March 31, 2026. The auditor's report included an emphasis of matter regarding a tax demand of ₹6,790.77 lakh, excluding interest of ₹3,149.05 lakh, raised by the Income Tax Department for Assessment Years 2021-22 to 2024-25 following a search and seizure action. Appeals against these demands are pending before the Commissioner of Income Tax (Appeals), and the management has not made any adjustments in the financial statements, believing the position is legally sustainable. Additionally, the company recognised an exceptional liability of ₹3.33 crore towards an increase in gratuity liability due to the notification of new labour codes.

Ram Ratna Wires Limited has approved the re-appointment of Smt. Payal Agarwal as an Independent Director for a second term of five years, subject to the approval of shareholders at the ensuing Annual General Meeting. The Board of Directors also approved the re-appointment of statutory and internal auditors for the financial year 2026-27 during its meeting held on May 26, 2026.

Smt. Payal Agarwal, a qualified Chartered Accountant and Chartered Financial Analyst, has been re-appointed for a term commencing from June 30, 2026, to June 29, 2031. She holds a bachelor's degree in Commerce (Honours) from Calcutta University and possesses over 20 years of experience in financial, regulatory, and secretarial matters. The company confirmed she is not related to any promoters or directors.

The Board re-appointed M/s. Bhagwagar Dalal & Doshi, Chartered Accountants, as Tax Auditors for FY 2026-27. The firm, established in 2007 with a valid peer review certificate, will serve a one-year term starting April 01, 2026. M/s. Poddar & Co., Cost Accountants, were also re-appointed as Cost Auditors for the same financial year. The firm has been engaged in full-time Cost Audit practice since August 2012.

Additionally, M/s. DMKH & Co., Chartered Accountants, were re-appointed as Internal Auditors for FY 2026-27. The firm offers services including internal audit, statutory audit, taxation, and risk advisory across five states. The re-appointments were based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Key Appointments