Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹365 Cr
verification pending
Revenue YoY
45.67%
reported change
EBITDA
₹48.11 Cr
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
JD Cables reported a strong FY26 with revenue of 365 crore (+45.7% YoY) and PAT of 31.72 crore (+44% YoY), driven by robust demand in power T&D and industrial sectors. The order book stood at 515 crore as of March 2026, providing 1-1.5 years visibility. Management guided for 50-60% revenue growth in FY27, supported by a new facility (doubling capacity to ~56,000 km) and EPC ramp-up (targeting 200 crore revenue vs 30 crore in FY26). EBITDA margins are expected to remain stable at 12-13%, with EPC margins around 8%. Key risks include working capital strain from rapid growth and EPC execution, and dependency on timely regulatory approvals for new product lines.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects revenue to grow 50-60% in FY27, driven by capacity expansion and EPC ramp-up.
- EPC revenue is expected to reach at least 200 crore in FY27, up from 30 crore in FY26.
- Management expects EBITDA margins to remain stable at 12-13% in FY27.
- Management targets an order book of 700-800 crore by end of FY27, up from 515 crore.
Risks flagged
- Operating cash flow was negative 74 crore in FY26 due to inventory build-up; further growth may pressure liquidity.
- EPC business is new; management expects 8% margins but actual margins may vary, and cash conversion could be slow.
- New products (MVCC, AL59, etc.) require vendor registration and approvals from state electricity boards, which may delay revenue.
- Demand is tied to power T&D investments; any slowdown in government capex could impact order inflows.
Key quotes
- We are expecting 50 to 60% revenue growth in this financial year and even in the next financial year.
- Our new plant has lots of space. So we can install newer plant and machines. So our capacity can be expanded to 3x4x within next two years.
- We have already participated in around 1,000 crores tenders more than in fact more than 1,000 crores tenders comprising of both EPC and cable tenders.
Research modules