Orient Cables profit rises 180% as quarterly revenue doubles

Orient Cables (India) Limited reported standalone profit after tax of Rs 40.05 crore for the quarter ended September 30, 2026, up 179.66% from Rs 14.32 crore a year earlier, while revenue from operations rose 103.78% to Rs 520.75 crore. The result covers the quarter before Orient Cables listed its shares on October 5, 2026.

How much did Orient Cables’ September-quarter profit increase?

Orient Cables’ standalone profit after tax increased by Rs 25.73 crore year on year to Rs 40.05 crore in the three months ended September 30, 2026. The September-quarter profit was 2.8 times the Rs 14.32 crore recorded in the corresponding quarter ended September 30, 2025, which supports the description of near-tripling earnings.

Profit before tax rose to Rs 52.19 crore from Rs 19.15 crore over the same quarters, an increase of 172.59%. Current tax was Rs 11.85 crore in the September 2026 quarter, against Rs 4.77 crore a year earlier, while deferred tax was Rs 0.29 crore compared with Rs 0.05 crore.

Basic and diluted earnings per share were each Rs 3.92 for the September 2026 quarter, compared with Rs 1.40 in the corresponding 2025 quarter. The company stated that earnings per share for the quarterly and half-year periods are not annualised.

What drove Orient Cables’ September-quarter revenue growth?

Orient Cables’ standalone revenue from operations rose by Rs 265.20 crore to Rs 520.75 crore in the September 2026 quarter, from Rs 255.55 crore a year earlier. Total income reached Rs 530.68 crore, including Rs 1.73 crore of other income, compared with total income of Rs 257.17 crore and other income of Rs 1.62 crore in the prior-year quarter.

The comparison indicates that the increase in operating revenue, rather than other income, accounted for most of the increase in total income. Orient Cables manufactures networking cables, power cables, optical fibre cables, wire and cable harness assemblies, electric-vehicle charging guns and cable assemblies, and other allied products, reporting these activities as one operating segment under Indian Accounting Standard 108.

Total standalone expenses were Rs 478.29 crore in the September 2026 quarter, compared with Rs 238.03 crore in the corresponding quarter of 2025. Despite higher expenses, profit before tax increased by Rs 33.04 crore because total income rose by Rs 273.51 crore over the same comparison.

How did Orient Cables perform in the first half?

Orient Cables reported standalone profit after tax of Rs 73.72 crore for the half year ended September 30, 2026, compared with Rs 25.06 crore for the half year ended September 30, 2025. Revenue from operations increased to Rs 1,017.99 crore from Rs 501.79 crore, an increase of Rs 516.19 crore across the six-month periods.

Profit before tax for the first half increased to Rs 97.62 crore from Rs 33.53 crore a year earlier. Finance costs rose to Rs 15.87 crore from Rs 8.79 crore, while depreciation and amortisation increased to Rs 8.93 crore from Rs 6.96 crore during the same period.

The September quarter was also ahead of the immediately preceding June 2026 quarter. Revenue from operations rose from Rs 409.23 crore in the June quarter to Rs 520.75 crore in the September quarter, while profit after tax increased from Rs 33.67 crore to Rs 40.05 crore and profit before tax rose from Rs 45.43 crore to Rs 52.19 crore.

The company said the September 2026 results were its first standalone and consolidated results prepared for disclosure under Regulation 33 of the Securities and Exchange Board of India listing regulations. The September 2025 quarterly and half-year figures were compiled by management and had not been subjected to audit or limited review, because the reporting requirement applied after the October 2026 listing.

What do Orient Cables’ cash flow and balance sheet show?

Orient Cables generated standalone net cash from operating activities of Rs 9.34 crore in the half year ended September 30, 2026, compared with Rs 14.41 crore in the corresponding 2025 period. Operating cash flow before working-capital changes increased to Rs 122.58 crore from Rs 40.81 crore, but trade and other receivables absorbed Rs 84.51 crore and inventories absorbed Rs 117.26 crore.

Standalone inventory stood at Rs 229.45 crore on September 30, 2026, compared with Rs 112.18 crore on March 31, 2026. Trade receivables increased to Rs 255.20 crore from Rs 218.18 crore over those dates, while cash and cash equivalents rose to Rs 182.32 crore from Rs 12.89 crore.

Total standalone assets were Rs 1,112.70 crore on September 30, 2026, compared with Rs 579.70 crore at March 31, 2026. Total equity increased to Rs 605.37 crore from Rs 236.33 crore, while non-current borrowings rose to Rs 65.59 crore from Rs 35.73 crore and current borrowings increased to Rs 211.75 crore from Rs 197.45 crore.

Cash from financing activities was Rs 193.39 crore in the first half, including Rs 165.60 crore of proceeds from the public issue or escrow account. Orient Cables completed a pre-initial public offering placement of 16,54,407 equity shares at Rs 272 each for Rs 45 crore, and its total offer comprised a Rs 320 crore fresh issue and a Rs 232 crore offer for sale.

Conclusion

Orient Cables’ first reported post-listing quarterly disclosure showed standalone revenue rising above Rs 500 crore and profit after tax reaching Rs 40.05 crore in the quarter ended September 30, 2026. The half-year comparison also showed higher sales and earnings, although operating cash generation of Rs 9.34 crore was below the prior-year half-year figure as receivables and inventory increased.

The next disclosures will provide additional listed-market reporting history after the company’s October 5, 2026 listing on NSE and BSE. A key comparability point is that the September 2025 quarterly and half-year figures used for year-on-year comparisons were management-compiled and were not audited or subject to limited review, while the June 2026 figures were extracted from audited special-purpose interim financial statements.