Ram Ratna Wires Reports Record Q3FY26 Results with 75.6% YoY Profit Growth
Ram Ratna Wires reported exceptional Q3FY26 results with standalone net profit surging 75.6% YoY to ₹3,213.72 lakhs and revenue growing 42.1% to ₹1,24,961.76 lakhs. Consolidated performance was equally strong with revenue reaching ₹1,277.9 crores (+43.8% YoY) and operating EBITDA jumping 84.9% to ₹72.0 crores, driven by robust demand in copper tubes and winding wires segments.
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Ram Ratna Wires Limited delivered exceptional financial performance in Q3FY26, reporting a significant 75.6% year-on-year increase in net profit to ₹3,213.72 lakhs compared to ₹1,830.18 lakhs in Q3FY24. The company announced its results through a press release dated February 6, 2026, highlighting record quarterly performance with all-time high revenue, EBITDA and PAT.
Standalone Financial Performance
The company's quarterly performance showed substantial improvement across key metrics. Revenue from operations grew strongly by 42.1% to ₹1,24,961.76 lakhs from ₹87,937.10 lakhs in Q3FY24. Total revenue for Q3FY26 reached ₹1,25,452.67 lakhs, marking a 41.9% increase from ₹88,385.73 lakhs in the corresponding quarter.
| Financial Metric | Q3FY26 | Q3FY24 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹1,24,961.76 lakhs | ₹87,937.10 lakhs | +42.1% |
| Total Revenue | ₹1,25,452.67 lakhs | ₹88,385.73 lakhs | +41.9% |
| Net Profit | ₹3,213.72 lakhs | ₹1,830.18 lakhs | +75.6% |
| Profit Before Tax | ₹4,258.89 lakhs | ₹2,307.89 lakhs | +84.5% |
| Basic EPS | ₹3.45 | ₹1.96 | +76.0% |
Consolidated Performance Highlights
On a consolidated basis, the company reported even stronger performance with revenue from operations reaching ₹1,277.9 crores in Q3FY26, representing a 43.8% year-on-year growth from ₹888.7 crores. Operating EBITDA surged 84.9% to ₹72.0 crores, while profit after tax increased 72.5% to ₹31.6 crores.
| Consolidated Metrics | Q3FY26 | Q3FY25 | Y-o-Y Growth | Q2FY26 | Q-o-Q Growth |
|---|---|---|---|---|---|
| Revenue from Operations | ₹1,277.9 Cr | ₹888.7 Cr | +43.8% | ₹1,163.4 Cr | +9.8% |
| Operating EBITDA | ₹72.0 Cr | ₹39.0 Cr | +84.9% | ₹55.5 Cr | +29.7% |
| EBITDA Margins | 5.6% | 4.4% | - | 4.8% | - |
| Profit After Tax | ₹31.6 Cr | ₹18.3 Cr | +72.5% | ₹21.8 Cr | +45.0% |
| PAT Margins | 2.5% | 2.1% | - | 1.9% | - |
Nine-Month Performance and Segment Growth
For the nine months ended December 31, 2025, Ram Ratna Wires maintained strong momentum with net profit increasing 26.1% to ₹6,831.13 lakhs from ₹5,416.57 lakhs. On consolidated basis, nine-month revenue grew 25.9% to ₹3,423.8 crores with profit after tax rising 34.6% to ₹69.4 crores. The company operates through two main segments - Enamelled Wires and Strips, and Copper Tubes and Pipes, with the latter segment's contribution increasing from 17% to 27% of revenues.
Management Commentary and Strategic Developments
MD Shri Mahendrakumar Kabra attributed the strong performance to rising demand for copper tubes driven by HVAC industry growth and continued benefits from India's electrification push. The company is progressing with Inner Grooved Tube manufacturing and expanding domestic capacity. The Board approved significant management changes effective April 1, 2026, with Shri Iqbal Singh Saggu appointed as new CFO and Senior Vice President (Finance).
Corporate Actions and Governance
The company issued 4,66,74,536 bonus equity shares in a 1:1 ratio with record date December 26, 2025, increasing paid-up equity share capital to ₹4,667.45 lakhs. Additionally, 48,000 equity shares were allotted under the Employee Stock Option Plan 2023. The results were reviewed by the Audit Committee and approved by the Board on February 6, 2026, with statutory auditors issuing an unmodified opinion.
Historical Stock Returns for Ram Ratna Wires
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.03% | +2.70% | -3.12% | -15.62% | +2.12% | +402.20% |
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