JD Cables Limited (BSE: 544524), a leading manufacturer of power cables, control cables, and aluminium conductors, has reported a robust financial performance for the first half of the fiscal year (H1). The company's strategic expansion and strong order book position it well for future growth.

Financial Highlights

For the half-year ended September 30, JD Cables demonstrated solid growth across key financial metrics:

The company's total income rose by 13% year-on-year to ₹121.44 crore, while EBITDA saw a significant increase of 25% to ₹19.24 crore. Net profit also grew by 15.67% to reach ₹11.92 crore, reflecting improved operational efficiency and market demand.

Strategic Expansion and Operational Highlights

JD Cables has made significant strides in expanding its manufacturing capabilities and market presence:

1. New Industrial Facility: The company acquired a new industrial facility at Dankuni, Hooghly, with 1.18 lakh sq ft of space. This facility with ready industrial sheds is expected to boost production capability and operational flexibility.

2. Capacity Enhancement: JD Cables has placed machinery orders for its Conductor Division, to be installed at the new unit. This investment aims to enhance efficiency and output.

3. Strong Order Book: The company maintains a robust order book of ₹286.21 crore, providing revenue visibility for the coming quarters.

4. Market Expansion: JD Cables has strengthened its presence across multiple states, with growing traction in various regions.

5. EPC Projects: The company is pursuing EPC projects to expand its business portfolio.

Future Outlook

JD Cables Limited has set targets for the future:

1. Order Book Target: The company aims to achieve an order book of Rs. 1,000 crore.

2. Revenue Projection: JD Cables expects revenue of Rs. 500-600 crores in the next financial year.

3. Capacity Utilization: With the new facility in Dankuni, the company is positioned to meet increasing market demand more efficiently.

As JD Cables continues to expand its presence and secure new projects, it aims to capitalize on the demand in India's power infrastructure sector. The company's focus on EPC projects and capacity expansion aligns with its growth strategy.

JD Cables Limited, a manufacturer of cables and conductors, has reported that there were no deviations or variations in the utilization of proceeds raised from its Initial Public Offering (IPO) for the half-year ended September 30, 2025. This announcement comes as part of the company's compliance with regulatory requirements and commitment to transparency.

Key Highlights

• The company's Audit Committee reviewed and provided favorable remarks on compliance with fund utilization requirements.
• The IPO funds were allocated across various purposes, including working capital, debt repayment, and general corporate purposes.

Fund Allocation Breakdown

Monitoring Agency Report

CRISIL Ratings Limited, appointed as the Monitoring Agency, has issued a report for the quarter ended September 30, 2025, stating that the funds are being utilized as per the objects stated in the offer document. The report indicates that:

1. There has been no deviation from the stated objectives of the IPO.
2. The unutilized amount of Rs. 7,854.00 lakhs has been temporarily invested in fixed deposits and maintained in bank accounts.
3. The company has not yet begun utilizing the funds for the stated purposes as of the report date.

Management Commentary

Piyush Garodia, Managing Director of JD Cables Limited, stated, "We are pleased to report that the utilization of our IPO proceeds is progressing as planned. Our focus remains on strengthening our working capital, reducing debt, and investing in the overall growth of the company. We are committed to using these funds judiciously to create long-term value for our shareholders."

Future Outlook

The company has not yet deployed the funds for their intended purposes. The management has reiterated its commitment to utilizing the IPO proceeds as outlined in the offer document.

The timely disclosure and adherence to the stated objectives demonstrate JD Cables' commitment to good corporate governance practices.