JD Cables Limited has announced a major contract win, securing a ₹163 crore Engineering, Procurement and Construction (EPC) contract from Kaushal Engineering Limited. This significant order represents a substantial boost to the company's business portfolio and demonstrates strong market demand for its services.

Contract Details and Portfolio Impact

The latest contract award has elevated JD Cables' total contract portfolio to ₹407 crores, showcasing the company's growing presence in the EPC segment. The project specifications and timeline details are outlined below:

Project Timeline and Execution

The EPC contract is set for completion within a 9-month timeframe, indicating a well-defined project schedule. This timeline suggests efficient project planning and execution capabilities, which are crucial factors in the competitive EPC market.

Business Implications

This contract win represents a significant milestone for JD Cables Limited, particularly given the substantial value addition to their overall contract portfolio. The ₹163 crore contract from Kaushal Engineering Limited demonstrates the company's ability to secure large-scale projects and maintain strong client relationships in the cables and EPC sector.

The achievement of a ₹407 crore total contract portfolio indicates robust business momentum and positions the company favorably for sustained growth in the infrastructure and cables market segment.

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.