Birla Cable September profit rises to Rs 37.82 crore year on year

Birla Cable Limited reported standalone net profit of Rs 37.82 crore for the quarter ended 30 September 2026, compared with Rs 0.69 crore a year earlier. Revenue from operations rose to Rs 354.81 crore from Rs 176.07 crore, while profit before tax increased to Rs 50.45 crore from Rs 1.02 crore.

How did Birla Cable perform in the September 2026 quarter?

Birla Cable’s standalone profit and revenue were higher both year on year and sequentially in the quarter ended 30 September 2026. Net profit rose to Rs 37.82 crore from Rs 0.69 crore in the quarter ended 30 September 2025 and Rs 30.69 crore in the quarter ended 30 June 2026. Basic and diluted earnings per share were Rs 12.61, against Rs 0.23 a year earlier and Rs 10.23 in the preceding quarter.

Revenue from operations increased by Rs 178.74 crore year on year and by Rs 88.17 crore sequentially to Rs 354.81 crore. Total income was Rs 356.08 crore, compared with Rs 176.49 crore in the year-earlier quarter and Rs 267.42 crore in the June 2026 quarter. Profit before tax rose to Rs 50.45 crore from Rs 41.08 crore sequentially.

For the half year ended 30 September 2026, Birla Cable reported revenue from operations of Rs 621.45 crore, up from Rs 352.50 crore in the corresponding 2025 half year. Half-year profit before tax was Rs 91.53 crore against Rs 2.86 crore, while net profit was Rs 68.50 crore against Rs 2.04 crore. The board approved the unaudited standalone results on 5 November 2026 after review by the audit committee.

What changed in Birla Cable’s costs and profit before tax?

Birla Cable’s total income increased more than total expenses in the September quarter, resulting in higher profit before tax. Total income rose by Rs 179.59 crore year on year to Rs 356.08 crore, while total expenses increased by Rs 130.16 crore to Rs 305.64 crore. This left profit before tax of Rs 50.45 crore, compared with Rs 1.02 crore a year earlier.

Raw-material consumption was Rs 283.76 crore, compared with Rs 140.63 crore in the September 2025 quarter. Employee-benefit expense increased to Rs 9.63 crore from Rs 9.22 crore, other expenses rose to Rs 19.35 crore from Rs 15.70 crore, and finance costs were Rs 2.09 crore compared with Rs 2.01 crore. Depreciation and amortisation declined to Rs 3.43 crore from Rs 4.02 crore.

Inventory changes also differed between the periods. The change in inventories of finished goods, work in progress and stock-in-trade was a negative Rs 12.63 crore in the September 2026 quarter, compared with a Rs 3.56 crore expense in the prior-year quarter. Other income increased to Rs 1.27 crore from Rs 0.43 crore, while current tax expense rose to Rs 12.71 crore from Rs 0.34 crore.

What changed in Birla Cable’s balance sheet by September 2026?

Birla Cable’s total assets rose to Rs 635.34 crore at 30 September 2026 from Rs 465.41 crore at 31 March 2026. Current assets increased to Rs 415.03 crore from Rs 301.13 crore, led by trade receivables of Rs 284.36 crore, compared with Rs 202.97 crore at the financial year-end. Inventories increased to Rs 104.40 crore from Rs 78.97 crore.

The increase in assets also included investments of Rs 114.97 crore at 30 September 2026, compared with Rs 52.59 crore six months earlier. Property, plant and equipment declined to Rs 103.35 crore from Rs 109.89 crore. Cash and cash equivalents were Rs 5.07 crore, up from Rs 0.32 crore, while other current assets increased to Rs 11.49 crore from Rs 7.16 crore.

Total equity was Rs 399.94 crore at 30 September 2026, compared with Rs 281.87 crore at 31 March 2026. Equity share capital remained Rs 30 crore, while other equity rose to Rs 369.94 crore from Rs 251.87 crore. Current borrowings declined to Rs 73.76 crore from Rs 96.48 crore, and non-current borrowings fell to Rs 31.39 crore from Rs 34.84 crore.

Trade payables to creditors other than micro and small enterprises increased to Rs 83.85 crore from Rs 21.52 crore. Dues to micro and small enterprises rose to Rs 10.34 crore from Rs 9.20 crore, taking total current liabilities to Rs 184.41 crore from Rs 137.58 crore. Deferred-tax liabilities increased to Rs 18.40 crore from Rs 9.92 crore.

How did working capital affect Birla Cable’s half-year cash flow?

Birla Cable generated net cash flow from operating activities of Rs 33.67 crore in the half year ended 30 September 2026, compared with an outflow of Rs 5.24 crore in the corresponding 2025 half year. Operating profit before working-capital changes rose to Rs 99.32 crore from Rs 13.60 crore, and cash generated from operations was Rs 54.56 crore after working-capital movements.

An increase in trade receivables used Rs 78.96 crore of cash, while an inventory increase used Rs 25.43 crore and loans and advances used Rs 7.32 crore. These movements were partly offset by a Rs 66.96 crore increase in trade payables, provisions and other liabilities. Direct taxes paid were Rs 20.89 crore, compared with Rs 0.21 crore in the prior-year half.

Investing activities generated Rs 4.85 crore in the 2026 half year, compared with Rs 11.19 crore a year earlier. The period included Rs 3.47 crore of proceeds from sale of property, plant and equipment, Rs 0.85 crore of interest received and Rs 0.35 crore of dividend received. Financing activities used Rs 33.77 crore, including Rs 15.62 crore of long-term borrowing repayments and Rs 10.90 crore of net short-term borrowing repayments.

What is the status of Birla Cable’s proposed amalgamation?

Birla Cable has proposed to amalgamate into Vindhya Telelinks Limited with an appointed date of 1 April 2026, subject to statutory, regulatory and tribunal approvals. Under the scheme approved by Birla Cable’s board on 21 March 2026, Vindhya Telelinks would issue 10 fully paid equity shares of face value Rs 10 each for every 115 fully paid Birla Cable equity shares of face value Rs 10 each held by eligible shareholders.

Birla Cable received an observation letter with no objection from the National Stock Exchange of India and a letter with no adverse observations from BSE during the quarter ended 30 September 2026. The company has filed a first-motion application with the jurisdictional National Company Law Tribunal, or NCLT, seeking directions for convening or dispensing with meetings of shareholders and creditors.

The scheme has not become effective because it remains subject to required approvals, including NCLT sanction. Birla Cable stated that it will stand dissolved when the scheme becomes effective, while cross-held shares between Birla Cable and Vindhya Telelinks will be cancelled and extinguished. The company reported cables as its only reportable primary business segment under Indian Accounting Standard 108.

Conclusion

Birla Cable’s September-quarter earnings increase reflected revenue of Rs 354.81 crore and profit before tax of Rs 50.45 crore, compared with Rs 176.07 crore of revenue and Rs 1.02 crore of profit before tax a year earlier. The half-year cash-flow statement also shows that Rs 78.96 crore of receivable growth and Rs 25.43 crore of inventory growth absorbed cash, partly offset by higher payables.

The next disclosed matter to watch is the proposed amalgamation into Vindhya Telelinks, for which the appointed date is 1 April 2026. Birla Cable has received the exchange observation letters and filed its first-motion NCLT application, but the scheme still requires statutory and regulatory approvals, including NCLT sanction.