JD Cables Limited delivered exceptional financial performance in Q3 FY26, with the micro-cap cable manufacturer's stock rising nearly 3% following the announcement of strong quarterly results. The company, which specialises in manufacturing cables and conductors for power transmission and distribution, reached an intraday high of ₹211.85 per share, up from the previous day's close of ₹205.80.

Outstanding Financial Performance

JD Cables reported remarkable revenue growth during the quarter, driven by robust order execution and improved operational efficiency. The company's financial metrics demonstrate strong momentum across key performance indicators.

*Calculated based on reported growth percentage

The exceptional 94% year-on-year revenue growth in Q3 FY26 reflects the company's successful execution of orders from State Electricity Boards and enhanced utilisation of manufacturing facilities. For the nine months ended FY26, revenue stood at ₹241.10 crores, marking a solid 42.44% increase compared to the same period last year.

Major Order Wins and Business Expansion

JD Cables achieved significant milestones during the quarter, securing substantial new contracts that strengthen its market position and diversify its service offerings.

The landmark EPC infrastructure order worth ₹243.99 crores represents a strategic expansion beyond traditional cable supply into EPC execution capabilities. This diversification positions the company to capture larger infrastructure projects and enhance revenue streams.

Operational Developments and Capacity Enhancement

To support future growth initiatives, JD Cables undertook several strategic operational improvements during the quarter. The company acquired land and building in Dankuni, West Bengal, for capacity expansion and development of new product lines. Additionally, JD Cables received an Electrical Contractor License valid for five years, enabling participation in government and private EPC electrical projects.

The company operates two manufacturing units with a combined installed capacity of 28,000 kilometres, serving customers across over 12 states. JD Cables maintains approved vendor status with multiple state electricity boards, providing a stable foundation for continued growth.

Business Segments and Market Position

JD Cables operates through two primary product segments, with cables and wires contributing 80.68% of total revenue while aluminium conductors account for 19.31%. The company serves power transmission and distribution networks across Assam, Odisha, Jharkhand, Bihar, Manipur, Tripura, Arunachal Pradesh, and Madhya Pradesh.

With a market capitalisation of ₹476 crores, JD Cables trades at a P/E ratio of 20.20, compared to the industry P/E of 19.60. The strong order book of ₹286 crores as of September 30, 2025, provides visibility for sustained revenue growth in upcoming quarters.

JD Cables has reported exceptional financial performance for Q3 FY26, with revenue from operations showing remarkable growth compared to the corresponding period in the previous fiscal year. The company's operational revenue demonstrated strong momentum during the quarter, reflecting positive business developments.

Financial Performance Highlights

The company's revenue from operations registered significant growth during Q3 FY26. The following table summarizes the key performance metric:

Operational Excellence

The substantial 94.01% year-on-year increase in revenue from operations indicates strong business execution and market demand for the company's cable products. This growth trajectory demonstrates JD Cables' ability to capitalize on market opportunities and enhance its operational capabilities.

The impressive revenue performance reflects the company's strategic focus on expanding its market presence and optimizing operational efficiency. The significant growth rate suggests successful implementation of business strategies and effective market positioning during the quarter.

Business Momentum

The robust financial results underscore JD Cables' strengthened market position in the cable manufacturing sector. The company's ability to achieve such substantial revenue growth demonstrates its operational resilience and market competitiveness.

This strong performance in Q3 FY26 highlights the company's commitment to delivering consistent operational excellence and maintaining growth momentum in its core business segments.