JD Cables Limited, a prominent player in the cables and conductors manufacturing sector, has announced robust financial results for the half-year ended September 30, 2025, following its successful Initial Public Offering (IPO) and listing on the BSE SME platform.

Financial Highlights

The company reported a profit of Rs 1,192.60 lakh for the half-year period, showcasing its strong financial performance. JD Cables' revenue from operations stood at Rs 10,747.53 lakh, indicating substantial business activity and market demand for its products.

Successful IPO and Listing

JD Cables Limited recently completed its IPO, raising Rs 8,441.47 lakh through the issuance of 55,53,600 equity shares at Rs 152 per share. The company made its debut on the BSE SME platform on September 25, 2025, marking a significant milestone in its corporate journey.

Utilization of IPO Proceeds

According to the Monitoring Agency Report issued by CRISIL Ratings Limited, JD Cables has outlined the following objectives for the utilization of its IPO proceeds:

1. Funding working capital requirements: Rs 4,500 lakh
2. Repayment/prepayment of borrowings: Rs 2,600 lakh
3. General corporate purposes: Rs 754 lakh

As of September 30, 2025, the entire amount of Rs 7,854 lakh (net proceeds) remains unutilized, with the funds currently invested in fixed deposits and maintained in the company's public issue and monitoring accounts.

Management Commentary

Piyush Garodia, Managing Director of JD Cables Limited, stated, "We are pleased with our half-year performance, which reflects the strength of our business model and the growing demand for our products. The successful completion of our IPO has provided us with the necessary capital to fuel our growth plans and strengthen our market position."

Future Outlook

With a strong financial performance and newly acquired capital from the IPO, JD Cables Limited appears well-positioned to expand its operations and capitalize on opportunities in the cables and conductors market. The company's focus on enhancing working capital, reducing debt, and investing in general corporate purposes suggests a strategic approach to growth.

Investors and market observers will be keen to watch how JD Cables utilizes its IPO proceeds in the coming months to drive further growth and create value for its shareholders.

JD Cables Limited, a prominent player in the cable manufacturing sector, has announced significant expansion plans that include property acquisition and machinery upgrades. The company's strategic moves aim to bolster its production capabilities and market presence.

Property Acquisition

JD Cables has entered into an Agreement for Sale with Star Battery Limited to purchase a substantial industrial property. The details of the acquisition are as follows:

Machinery Investment

In addition to the property acquisition, JD Cables has made a significant investment in advanced machinery:

Strategic Implications

Piyush Garodia, Managing Director of JD Cables, highlighted the strategic importance of these investments:

• Expansion of Production: The new facility will provide ample space and infrastructure to increase production capacity.
• Meeting Demand: The company aims to efficiently address the growing market demand for its products.
• Operational Excellence: The investments are expected to enhance operational efficiency and product quality.
• Market Opportunities: JD Cables is positioning itself to strengthen its domestic footprint and explore export market opportunities.

Corporate Governance

In line with regulatory requirements, JD Cables has demonstrated its commitment to transparency and compliance. The company recently submitted a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the half-year ended September 30. This submission, handled by MUFG Intime India Private Limited, the company's Registrar and Transfer Agent, confirms the proper processing of securities for dematerialization and listing on relevant stock exchanges.

The strategic investments totaling ₹16.17 Crores in property and machinery, coupled with the company's adherence to regulatory standards, signal JD Cables' commitment to growth and corporate governance. These moves are likely to strengthen the company's position in the competitive cable manufacturing industry and potentially create value for its stakeholders.