JD Cables Reports Strong H1 FY26 Performance, Expands Manufacturing Capacity
JD Cables Limited reported robust financial results for H1 FY26, with total income rising 13% to ₹12,143.88 lakhs. EBITDA increased to ₹1,924.39 lakhs. The company secured new vendor approvals in Himachal Pradesh and Punjab, acquired a new industrial facility in Dankuni, and maintains a strong order book of ₹286.21 crores. High capacity utilization rates of 79.17% and 81.18% were observed in their two production units. The Indian wires and cables market is projected to grow at a 9.14% CAGR from 2025-2030, positioning JD Cables for future growth.
*this image is generated using AI for illustrative purposes only.
JD Cables Limited (BSE: JDCABLES) has reported robust financial results for the first half of fiscal year 2026, demonstrating significant growth and strategic expansion initiatives. The company, a leading manufacturer of cables and conductors, has shown impressive performance across key financial metrics.
Financial Highlights
JD Cables achieved a total income of ₹12,143.88 lakhs in H1 FY26, marking a 13% increase from ₹10,751.20 lakhs in H1 FY25. The company's EBITDA also saw a substantial rise, reaching ₹1,924.39 lakhs compared to ₹1,534.11 lakhs in the previous year, indicating improved operational efficiency.
Expansion and Strategic Developments
The company has made significant strides in expanding its market presence and manufacturing capabilities:
New Vendor Approvals: JD Cables secured new vendor approvals from Himachal Pradesh and Punjab, potentially opening up new market opportunities.
Manufacturing Capacity Expansion: The company acquired a new industrial facility at Dankuni, spanning 1,18,288 sq.ft. This acquisition is expected to significantly scale up JD Cables' manufacturing capacity.
Strong Order Book: As of September 2025, JD Cables maintains a robust order book valued at ₹286.21 crores, indicating healthy demand for its products.
Operational Performance
JD Cables has demonstrated strong operational efficiency:
| Facility | Product | Installed Capacity (Kms) | Production (Kms) | Capacity Utilization (%) |
|---|---|---|---|---|
| Unit I | Cables and Conductors | 6,000 | 4,750 | 79.17 |
| Unit II | Cables and Conductors | 22,000 | 17,860 | 81.18 |
The high capacity utilization rates suggest efficient operations and strong market demand for the company's products.
Industry Outlook
The Indian wires and cables market is projected to grow at a CAGR of 9.14% during 2025-2030, driven by increasing investments in smart grid projects and power transmission and distribution systems. This favorable industry outlook positions JD Cables well for future growth.
Management Commentary
Piyush Garodia, Managing Director of JD Cables Limited, stated in the company's investor presentation, "We are focusing on improving manufacturing efficiency through process optimization and customized systems. Our continuous policy reviews help identify and resolve bottlenecks, ensuring better productivity and effective use of resources."
The company's strategic initiatives, including diversifying its supplier base, adopting eco-friendly practices, and investing in R&D for next-generation cables, demonstrate its commitment to sustainable growth and innovation in the dynamic wires and cables industry.
As JD Cables continues to expand its manufacturing capabilities and secure new vendor approvals, it appears well-positioned to capitalize on the growing demand in the Indian wires and cables market. Investors and industry observers will be watching closely to see how these strategic moves translate into long-term value creation for the company.
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