Ram Ratna Wires Q4 FY26: Sales up 83%, PAT ₹39cr

What the March 2026 quarter update shows

Ram Ratna Wires reported strong growth in its March 2026 quarter (Q4 FY26), with a sharp year-on-year (YoY) rise in revenue and profit. The company’s consolidated revenue from operations for the quarter came in at about ₹1,752.9 crore, up 83.2% from about ₹956.7 crore in the year-ago period. Profit after tax (PAT) for the quarter was reported at around ₹39 crore, with multiple disclosures placing the number in a narrow band around ₹39.0-₹39.2 crore.

The update also includes full-year FY26 performance, where revenue and net profit rose strongly versus FY25. In addition, the company highlighted improvement in operating profitability in the March quarter, with EBITDA and margins expanding compared to last year.

Consolidated Q4 FY26: Revenue jumps to ₹1,752.9 crore

For Q4 FY26 on a consolidated basis, revenue from operations was reported at ₹1,752.85 crore (also shown as ₹1,752.9 crore in rounded disclosures). The comparable revenue in Q4 FY25 was ₹956.75 crore (also shown as ₹956.7 crore in rounded form). That translates to an 83.2% YoY rise.

On the profit line, consolidated quarterly net profit was stated as ₹39.01 crore for March 2026 versus ₹15.83 crore for March 2025 in one data set. Another disclosure cited Q4 FY26 consolidated net profit at ₹39.2 crore compared with ₹18.7 crore in the year-ago quarter. A separate summary also referenced ₹39.0 crore versus ₹15.8 crore. Across these, the key message remains consistent: Q4 profit rose sharply on a much higher revenue base.

Standalone Q4 FY26: Revenue at ₹1,724.8 crore, PAT at ₹40.01 crore

The company also reported standalone numbers for the March 2026 quarter. Standalone revenue for Q4 FY26 was ₹1,724.80 crore, compared with ₹790.53 crore in Q4 FY25, implying 118.18% YoY growth. Standalone PAT for Q4 FY26 was reported at ₹40.01 crore.

The difference between standalone and consolidated figures for the quarter was limited on revenue, with consolidated revenue at ₹1,752.85 crore versus standalone revenue at ₹1,724.80 crore. On profit, the standalone PAT of ₹40.01 crore was slightly higher than the consolidated PAT disclosed around ₹39.23 crore.

FY26 performance: Revenue above ₹5,176 crore and profit above ₹107 crore

For the full year ended March 31, 2026 (FY26), the company reported strong growth in revenue and earnings.

One set of full-year figures states:

• FY26 sales (revenue) rose 40.79% to ₹5,176.65 crore versus ₹3,676.75 crore in FY25.
• FY26 net profit rose 52.60% to ₹107.05 crore versus ₹70.15 crore in FY25.

Another disclosure, described as audited FY26 consolidated financial results, reported:

• Revenue from operations at ₹5,176.6 crore (YoY up 40.8% from ₹3,676.7 crore)
• Net profit at ₹108.6 crore (YoY up 54.7% from ₹70.2 crore)

The company also disclosed a separate presentation of audited FY26 consolidated figures showing revenue of ₹5,195.1 crore and net profit of ₹108.6 crore. These multiple disclosures indicate broadly similar full-year performance, with slight differences in reported revenue in different presentations.

Operating performance: EBITDA more than doubles in Q4

Operating profitability also improved in the March 2026 quarter. The company reported Q4 EBITDA of ₹93.2 crore versus ₹45.3 crore in the year-ago period. EBITDA margin expanded to 5.3% from 4.7% YoY.

Another operational metric set in the summary data showed operating profit margin (OPM) at 5.24% for the March 2026 quarter versus 4.68% in March 2025. On a full-year basis, OPM was shown at 5.02% for FY26 versus 4.22% for FY25.

Sequential trend: Q4 improved over the preceding quarter

Beyond the YoY jump, the company highlighted sequential improvement. For Q4 FY26, revenue increased 37.2% over the preceding quarter, while PAT rose 24% quarter-on-quarter.

The consolidated quarterly table in the data also shows revenue moving up from ₹1,277.94 crore in Dec 2025 to ₹1,752.85 crore in Mar 2026. This supports the company’s statement of strong quarter-on-quarter momentum in the March quarter.

Stock performance: Price levels and recent returns

On the market side, the stock’s reported closing price on the NSE was ₹470.60 on May 25, 2026. The same data set states the stock delivered 53.55% returns over the last six months and 41.10% over the last 12 months.

A separate snapshot in the provided material mentions a share price of ₹464.85, indicating that the quoted price varied across timestamps in the source excerpts.

Key financial snapshot (as reported)

Consolidated quarterly revenue trend in FY26

Why the update matters for investors

The March-quarter numbers show that Ram Ratna Wires delivered a sharp step-up in scale, with revenue rising much faster than the prior-year quarter. The rise in EBITDA and the improvement in margin indicate that profitability improved alongside growth, rather than being driven only by volumes.

Investors typically track whether such growth is sustained across multiple quarters, especially after a strong sequential jump like the one reported in Q4. The FY26 full-year outcome also suggests the company closed the year with a meaningful improvement versus FY25 on both revenue and net profit.

Conclusion

Ram Ratna Wires ended FY26 with revenue reported at around ₹5,176.6 crore and net profit reported above ₹107 crore, alongside a strong Q4 where consolidated revenue rose 83% YoY to about ₹1,753 crore and PAT was about ₹39 crore. The company also reported higher Q4 EBITDA and a firmer margin. Market participants will watch subsequent quarterly updates to see how the reported sequential momentum and operating margin trend evolve.