US Secretary of State Marco Rubio is set to visit India from May 23 to May 26, as announced by the US State Department. The visit is expected to cover a range of bilateral priorities, with discussions centred on energy stability, commerce, and defence ties between the two nations.

Key Areas of Discussion

According to the US State Department, the talks during Rubio's visit will span three principal areas of bilateral engagement. The following table outlines the focus areas as stated in the announcement:

Diplomatic Significance

The scheduled visit by the US Secretary of State underscores the ongoing diplomatic dialogue between Washington and New Delhi. The agenda, as outlined by the US State Department, reflects a broad-based engagement covering economic, strategic, and energy-related dimensions of the bilateral relationship. No further details regarding specific meetings or outcomes have been provided in the announcement.

Marco Cables & Conductors Limited's Board of Directors convened on May 15, 2026, and approved the audited standalone financial results for the half year and financial year ended March 31, 2026. The meeting commenced at 05:45 P.M. IST and concluded at 06:15 P.M. IST. Statutory auditors M/s Jay Gupta & Associates, Chartered Accountants (FRN: 329001E), issued an audit report with an unmodified opinion on the standalone financial results, confirming compliance with applicable accounting standards and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's total income from operations for FY26 stood at ₹10,309.96 lakhs, compared to ₹11,166.77 lakhs in FY25. Revenue from operations for FY26 was ₹10,282.13 lakhs, against ₹11,140.65 lakhs in the prior year. For the second half of FY26 (six months ended March 31, 2026), total income from operations was ₹4,893.01 lakhs, compared to ₹6,277.64 lakhs in the corresponding period of FY25.

The following table presents the key financial results across reporting periods (Rs. In Lakhs):

Expense Breakdown

Total expenses for FY26 amounted to ₹9,719.63 lakhs, compared to ₹10,459.97 lakhs in FY25. The cost of material consumed was the largest expense component at ₹8,420.38 lakhs for FY26, against ₹9,264.21 lakhs in FY25. Finance costs for FY26 stood at ₹625.87 lakhs, compared to ₹632.65 lakhs in FY25, while depreciation and amortisation expense was ₹57.27 lakhs versus ₹51.46 lakhs in the prior year. Employee benefit expenses for FY26 were ₹218.37 lakhs, compared to ₹236.86 lakhs in FY25.

Tax and Earnings Per Share

The company's current tax for FY26 was ₹151.35 lakhs, compared to ₹178.05 lakhs in FY25. Earlier tax adjustments amounted to ₹18.97 lakhs in FY26 versus ₹9.35 lakhs in FY25, while deferred tax was ₹(0.13) lakhs in FY26 against ₹(0.15) lakhs in FY25. Basic and diluted earnings per equity share (of Rs. 10/- each, not annualised) for FY26 stood at ₹2.25, compared to ₹2.78 in FY25. Paid-up equity share capital remained unchanged at ₹1,869.90 lakhs.

Balance Sheet Highlights

The company's total assets as at March 31, 2026 stood at ₹10,767.11 lakhs, compared to ₹8,556.35 lakhs as at March 31, 2025. Total equity increased to ₹3,637.92 lakhs from ₹3,217.78 lakhs in the prior year, reflecting the addition to other equity. The following table summarises the key balance sheet figures (Rs. In Lakhs):

Cash Flow Summary

For the year ended March 31, 2026, the company reported net cash used in operating activities of ₹(1,646.53) lakhs, compared to net cash generated from operating activities of ₹1,185.46 lakhs in FY25. Net cash used in investing activities was ₹(21.69) lakhs in FY26, against ₹(137.91) lakhs in FY25. Net cash from financing activities was ₹1,674.44 lakhs in FY26, compared to ₹(1,055.52) lakhs in FY25. Cash and cash equivalents at the end of FY26 stood at ₹57.21 lakhs, compared to ₹50.99 lakhs at the beginning of the year.

Internal Auditor Appointment

The board also approved the appointment of M/s Kukreja & Associates, Chartered Accountants (FRN: 133492W), as Internal Auditor of the company for FY 2026-27, effective May 15, 2026. The key details of the appointment are as follows:

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on May 15, 2026. The company has noted that IND-AS compliance is not applicable as it is listed on the Emerge Platform of NSE, and segment reporting under Accounting Standard 17 is not applicable as the business falls within a single segment.