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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
188 announcements match the current filters (relevance ≥ 5).
BEL Reports 16% Revenue Growth in FY26; Order Book Reaches INR 73,882 Crores
Bharat Electronics Limited (BEL) delivered a strong performance for FY26, with revenue growing 16% to INR 27,480 crores and PAT increasing 14% to INR 6,048 crores. The company maintained a healthy EBITDA margin of 30%, up from 29% in the previous year, driven by higher value addition in new technologies. The order book remains robust at INR 73,882 crores, supported by INR 30,045 crores in new orders acquired during the fiscal year. Management highlighted significant upcoming opportunities in the P-75I submarine program and the QRSAM contract expected by mid-2026.
Key Highlights
Revenue from operations grew 16% YoY to INR 27,480 crores in FY26.
Order book stands at a strong INR 73,882 crores as of April 1, 2026.
EBITDA margin improved to 30% compared to 29% in the previous fiscal year.
Management expects to sign the QRSAM contract by June/July 2026 with an 18-month delivery timeline for the first model.
Investing INR 100-200 crores in high-performance computing infrastructure for AI and quantum technologies.
👀 What to Watch
Investors should maintain a positive outlook given the strong order book and margin expansion. Key triggers to watch include the formal signing of the QRSAM contract and progress on the P-75I submarine electronics package.
Belrise Industries to Host Q4 & FY26 Earnings Call on May 25, 2026
Belrise Industries Limited (formerly Badve Engineering Limited) has scheduled its earnings conference call for Monday, May 25, 2026, at 11:00 AM IST. This follows the Board of Directors meeting on May 24, 2026, where the standalone and consolidated financial results for the quarter and year ended March 31, 2026, will be considered. The call will feature top management, including the Managing Director, CFO, and President of Strategy, to discuss the company's performance and future outlook.
Key Highlights
Earnings conference call scheduled for May 25, 2026, at 11:00 AM IST following the board meeting on May 24.
Management participants include MD Shrikant Badve, CFO Rahul Ganu, and President (Strategy) Sumedh Badve.
The call will cover financial results for the quarter and full year ended March 31, 2026 (Q4 & FY26).
Universal dial-in numbers for India are +91 22 6280 1309 and +91 22 7115 8210.
International access numbers provided for the US, UK, Singapore, and Hong Kong to facilitate global investor participation.
👀 What to Watch
Investors should review the financial results to be released on May 24 and participate in the May 25 call to gain insights into the company's strategic direction and margin performance.
BEL Recommends Final Dividend of ₹0.55 per Share for FY 2025-26
Bharat Electronics Limited (BEL) has recommended a final dividend of ₹0.55 per equity share for the financial year 2025-26, subject to shareholder approval. The board approved the audited standalone and consolidated financial results for the year ended March 31, 2026, during its meeting on May 19, 2026. While the dividend provides a direct return to shareholders, the auditor's report highlighted a governance concern regarding the vacancy of six independent director positions. The company's branch operations contributed significantly, with six audited branches reporting a total profit before tax of ₹2,99,972 Lakhs.
Key Highlights
Recommended a final dividend of ₹0.55 per equity share of ₹1 face value for FY 2025-26.
Audited financial results for the full year and quarter ended March 31, 2026, were approved.
Six audited branches reported total assets of ₹9,34,003 Lakhs and revenue of ₹9,56,207 Lakhs.
Auditor flagged non-compliance with SEBI Regulation 17(1) due to six vacant Independent Director seats.
👀 What to Watch
Investors should maintain their positions to benefit from the dividend payout while monitoring the Ministry of Defence's upcoming appointments to the board to resolve the regulatory non-compliance.
Orient Bell Reports Strong FY26 Results with 337% PAT Growth and Margin Expansion
Orient Bell Limited delivered a robust performance in FY26, with annual revenue growing 3.1% to ₹687 crore and PAT surging by 337% to ₹12.4 crore. The company achieved significant margin expansion, with Q4 EBITDA margins rising by 270 basis points to 7.7% due to disciplined cost control and operating leverage. Operational efficiency improved as the cost of production fell by 3.2% YoY on a like-for-like basis. Furthermore, the company maintains a strong balance sheet with a negative net debt of ₹29.7 crore.
Key Highlights
Annual PAT witnessed a massive jump of 337% YoY to reach ₹12.4 crore in FY26.
Q4 FY26 EBITDA margins expanded significantly to 7.7% from 5.0% in the previous year.
Achieved negative net debt of ₹29.7 crore with a healthy cash conversion cycle of 20 days.
Premiumization strategy is working with GVT sales reaching 42% and Vitrified tiles at 60% of total sales.
Consolidated revenue for Q4 FY26 grew 7.7% YoY to ₹213.4 crore, showing accelerating momentum.
👀 What to Watch
Investors should note the sharp recovery in profitability and margin expansion as a sign of successful operational turnaround. The company's debt-free status and focus on high-margin GVT products make it a strong candidate for long-term monitoring in the building materials sector.
Orient Bell Recommends Re. 1 Dividend and Approves Key Leadership Re-appointments
Orient Bell Limited has recommended a dividend of Re. 1 per equity share (10% of face value) for the financial year ended March 31, 2026. The board approved audited financial results for FY26 with an unmodified audit opinion from statutory auditors. Key leadership decisions include the re-appointment of Chairman Mahendra K. Daga for three years and the addition of Sreeji Kamala Gopinathan as an Independent Director. These moves signal stability and a strategic focus on digital transformation given the new director's extensive IT background.
Key Highlights
Recommended a dividend of Re. 1 per equity share of face value Rs. 10 for FY26.
Re-appointed Mr. Mahendra K. Daga as Chairman & Whole Time Director for a 3-year term (2027-2030).
Appointed Mr. Sreeji Kamala Gopinathan, former Global CIO at Lupin, as an Additional Independent Director.
Re-appointed Mr. K.M. Pai as Independent Director for a final 5-year term starting April 2027.
👀 What to Watch
Investors should view the dividend and leadership continuity as signs of corporate stability. The addition of a digital-focused director is a positive indicator for future operational efficiency and modernization.
Orient Bell Recommends Re. 1 Dividend and Announces Key Board Re-appointments
Orient Bell Limited's board has recommended a final dividend of Re. 1 per equity share for FY26, representing a 10% payout on the face value of Rs. 10. The company also approved its audited financial results for the year ended March 31, 2026, with an unmodified audit opinion from statutory auditors. Significant leadership continuity was ensured through the re-appointment of Chairman Mahendra K. Daga for a three-year term. Furthermore, the board was strengthened by the appointment of Mr. Sreeji Kamala Gopinathan, a digital transformation expert with over 30 years of experience, as an Independent Director.
Key Highlights
Recommended a final dividend of Re. 1 per equity share for the financial year ended March 31, 2026.
Re-appointed Chairman Mahendra K. Daga for a further three-year term from April 2027 to March 2030.
Appointed Mr. Sreeji Kamala Gopinathan, former Global CIO at Lupin, as an Independent Director for 3 years.
Statutory auditors issued an unmodified opinion on the audited standalone and consolidated financial results for FY26.
Re-appointed Mr. K.M. Pai as Independent Director for a second and final five-year term starting April 2027.
👀 What to Watch
Investors should maintain their positions to benefit from the recommended dividend and monitor how the new board expertise in digital transformation impacts operational efficiency. The unmodified audit report and leadership continuity are positive indicators of corporate governance.
BEL Approves FY26 Results, Recommends ₹0.55 Final Dividend
Bharat Electronics Limited (BEL) has approved its audited financial results for the fiscal year ended March 31, 2026, and recommended a final dividend of ₹0.55 per share. The company's six major audited branches alone contributed a substantial revenue of ₹9,56,207 Lakhs and a profit before tax of ₹2,99,972 Lakhs. However, the audit report flagged a regulatory non-compliance issue regarding the board's composition, noting six vacancies for independent directors. Despite this governance gap, the operational performance and dividend recommendation signal a stable financial position.
Key Highlights
Recommended a final dividend of ₹0.55 per equity share (55% of face value) for FY 2025-26.
Six major audited branches reported a combined revenue from operations of ₹9,56,207 Lakhs.
Total profit before tax for the reported branches stood at ₹2,99,972 Lakhs for the year.
Total assets for the six audited branches were valued at ₹9,34,003 Lakhs as of March 31, 2026.
Identified six vacancies for Independent Directors, including one woman director, leading to SEBI non-compliance.
👀 What to Watch
Investors should view the dividend and branch-level profitability as positive indicators of financial health. While the regulatory non-compliance regarding board composition is a concern, it is a common issue in PSUs and should be monitored for resolution by the Ministry of Defence.
Orient Bell Board Approves FY26 Audited Financial Results; Auditors Issue Unmodified Opinion
Orient Bell Limited has approved its audited standalone and consolidated financial results for the quarter and full year ending March 31, 2026. The statutory auditors, M/s. S.R. Dinodia & Co. LLP, have issued an unmodified opinion, confirming that the financial statements provide a true and fair view of the company's performance. The consolidated results incorporate the performance of one wholly-owned subsidiary, Cestrum Enterprises, and two associate companies, Corial Ceramic and Proton Granito. While the specific financial figures were not detailed in the cover letter, the audit confirms full compliance with Indian Accounting Standards (Ind AS).
Key Highlights
Board approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026.
Statutory auditors issued an unmodified opinion, indicating no material discrepancies in financial reporting.
Consolidated results include one subsidiary (Cestrum Enterprises) and two associates (Corial Ceramic and Proton Granito).
The board meeting was conducted on May 19, 2026, commencing at 12:52 p.m. and concluding at 03:10 p.m.
👀 What to Watch
Investors should access the full financial tables on the company website to evaluate specific revenue and profit growth trends. The unmodified audit report provides a high level of assurance regarding the accuracy of the disclosed financial data.
MBEL FY26 Revenue Up 27% to ₹1,260 Cr; Order Book Grows 35% to ₹1,083 Cr
M & B Engineering Limited (MBEL) reported a strong FY26 with revenue growing 27% to INR 1,259.7 crores and PAT increasing 20% to INR 92.6 crores. The company's order book stands at a robust INR 1,083 crores, providing strong execution visibility, while export revenue surged 156% driven by North American demand. Despite top-line growth, EBITDA margins faced pressure from a 20% spike in steel prices and forex losses, leading to a slight dip in margins to 12.5%. Management has guided for a 25% revenue growth in FY27, backed by a planned INR 100 crore capex for capacity expansion.
Key Highlights
FY26 Revenue grew 27% YoY to INR 1,259.7 crores; Q4 revenue rose 16% to INR 363.7 crores.
Order book reached INR 1,083 crores (up 35% YoY) with record annual inflows of INR 1,539 crores.
Export revenue witnessed a massive 156% YoY growth to INR 165.6 crores, primarily from the US market.
Planned FY27 Capex of INR 100 crores for Sanand and Cheyyar plant expansions to meet rising demand.
EBITDA margins adjusted for forex losses stood at 13%, impacted by a 20% rise in domestic steel prices.
👀 What to Watch
Investors should monitor the company's ability to pass on rising steel costs and the execution of the Sanand plant expansion in Q2 FY27. The 25% reduction in US import tariffs provides a significant tailwind for the high-margin export segment.
Belrise Industries Reports Nil Deviation in Utilization of ₹21,500 Million IPO Proceeds
Belrise Industries Limited has submitted its statement of fund utilization for the quarter ended March 31, 2026, reporting zero deviations from the objects stated in its IPO prospectus. The company raised ₹21,500 million in gross proceeds, of which ₹15,960.21 million was successfully used for debt repayment. A minor reallocation occurred where ₹221.06 million was shifted to General Corporate Purposes due to lower-than-estimated actual debt levels. As of the quarter end, the company has utilized almost the entire net proceeds, with only ₹4.27 million remaining unspent.
Key Highlights
Total gross proceeds of ₹21,500 million raised through IPO in May 2025.
₹15,960.21 million fully utilized for repayment/prepayment of company borrowings.
General Corporate Purpose (GCP) allocation revised to ₹4,325.91 million, with ₹4,321.64 million already spent.
Minimal unutilized net proceeds of ₹4.27 million remaining as of March 31, 2026.
Monitoring agency Crisil Ratings Limited confirmed no deviations in the use of funds.
👀 What to Watch
Investors should take confidence in the company's disciplined utilization of IPO funds for significant debt reduction. The transparent reporting and lack of deviations indicate strong corporate governance and adherence to stated financial objectives.
BEL to Host Q4 and FY26 Earnings Conference Call on May 20, 2026
Bharat Electronics Limited (BEL) has scheduled a conference call for May 20, 2026, at 4:00 PM IST to discuss its financial results for the quarter and full year ended March 31, 2026. The call will be hosted by ICICI Securities and will feature top management, including the Chairman and Managing Director, Manoj Jain, and CFO, Damodar Bhattad S. This interaction is a key event for shareholders to understand the company's fiscal performance and future growth outlook. Investors will look for updates on the order book and execution timelines during this session.
Key Highlights
Conference call scheduled for May 20, 2026, at 16:00 hrs India Time.
Discussion will focus on financial results for the quarter and year ended March 31, 2026.
Top management including CMD Manoj Jain and CFO Damodar Bhattad S will be present.
The session is hosted by ICICI Securities with universal access via +91 22 6280 1144.
International toll-free numbers provided for Singapore, Hong Kong, UK, and USA.
👀 What to Watch
Investors should attend or review the transcript of this call to gain insights into the company's order inflow guidance and margin outlook for FY27. Pay close attention to management commentary regarding the pace of indigenization in the defense sector.
MBEL Reports Zero Deviation in Utilization of Rs 275 Crore IPO Proceeds for Q4 FY26
M & B Engineering Limited (MBEL) has confirmed that there were no deviations or variations in the utilization of its Rs 275 crore IPO proceeds for the quarter ended March 31, 2026. The company has successfully utilized the entire allocated amount of Rs 58.75 crore for debt repayment and nearly all of the Rs 64.79 crore earmarked for general corporate purposes. However, the capital expenditure for manufacturing facilities is in its early stages, with only Rs 14.87 crore spent out of the allocated Rs 130.58 crore. The statement has been reviewed by the monitoring agency, Crisil Ratings Limited, ensuring compliance with the original IPO objectives.
Key Highlights
Total fresh issue proceeds of Rs 275 crore raised via IPO on August 4, 2025.
Zero deviation reported in fund utilization as per the objects mentioned in the offer letter.
Rs 58.75 crore fully utilized for the repayment or pre-payment of term loans.
Only Rs 14.87 crore utilized out of Rs 130.58 crore allocated for capital expenditure on machinery and buildings.
Rs 64.18 crore utilized for general corporate purposes against an allocation of Rs 64.79 crore.
👀 What to Watch
Investors should track the execution of the remaining capital expenditure (approx. Rs 115.71 crore), as the timely deployment of these funds into manufacturing facilities will be key for future growth. The completion of debt repayment is a positive step for reducing interest costs.
MBEL Reports Record FY26 Revenue of ₹1,260 Cr; Order Book Surges 35% to ₹1,083 Cr
M & B Engineering Limited (MBEL) achieved its highest-ever annual revenue of ₹1,260 crore in FY26, marking a 27.4% YoY growth. While full-year PAT grew 20.2% to ₹93 crore, Q4FY26 PAT saw a slight decline of 5.3% YoY to ₹27 crore despite a 16% revenue increase. The company's order book remains robust at ₹1,083 crore, supported by a record order inflow of ₹1,539 crore during the year. Notably, export revenue surged by over 150% to ₹165.62 crore, driven by strong traction in the North American market.
Key Highlights
Annual Revenue from Operations grew 27.4% YoY to ₹1,260 crore in FY26.
Unexecuted Order Book stands at ₹1,083 crore as of March 31, 2026, representing 35% YoY growth.
Export revenue witnessed a massive jump to ₹165.62 crore in FY26 from ₹64.60 crore in FY25.
Net Debt to Equity ratio significantly improved to 0.12x from 0.61x in the previous year following IPO proceeds utilization.
EBITDA for FY26 increased by 16.7% to ₹157 crore, with a healthy ROCE of 23.1%.
👀 What to Watch
Investors should monitor the company's ability to maintain margins amidst Q4 compression while capitalizing on the strong ₹1,083 crore order book. The successful expansion into the US and Canadian markets provides a significant long-term growth lever.
MBEL Recommends ₹1 Dividend; FY26 Revenue Surges 27% to ₹1,259.7 Crore
M & B Engineering Limited (MBEL) delivered a strong performance for the financial year ended March 31, 2026, with annual revenue from operations growing 27.4% to ₹1,259.72 crore. The Board has recommended a final dividend of ₹1 per equity share (10% of face value), reflecting management's confidence in the company's cash flows. Quarterly revenue for Q4 FY26 also showed robust growth, reaching ₹363.71 crore compared to ₹313.64 crore in the previous year's corresponding quarter. The company's US-based subsidiary contributed significantly to the consolidated performance with a revenue of ₹153.40 crore.
Key Highlights
Recommended a final dividend of ₹1 per equity share (10% on face value of ₹10) for FY 2025-26.
Annual Consolidated Revenue from operations increased by 27.4% YoY to ₹1,25,972.19 lakhs.
Total Income for FY26 reached ₹1,27,538.81 lakhs, up from ₹99,688.91 lakhs in FY25.
Q4 FY26 revenue grew to ₹36,370.67 lakhs, a 16% increase over Q4 FY25.
US subsidiary Phenix Construction Technologies INC reported total revenues of ₹15,340.12 lakhs and a net profit of ₹192.73 lakhs.
👀 What to Watch
Investors should take note of the significant top-line growth and the company's ability to scale its international operations. The dividend declaration provides a yield for long-term holders, though investors should review the full investor presentation to assess if profit margins are expanding in line with revenue.
RR Kabel Reports Strong FY26 Results: Revenue Up 27.6% to ₹9,722 Cr, PAT Jumps 58%
R R Kabel delivered its highest-ever quarterly and annual revenue in FY26, with annual revenue reaching ₹9,722.4 crores, a 27.6% YoY growth. The company's profitability saw a significant boost, with FY26 PAT rising 58% to ₹492.2 crores and EBITDA margins improving by 130 basis points. The Board approved a final dividend of ₹5.50 per share, bringing the total FY26 dividend to ₹9.50. While the Wires & Cables segment remains the primary driver, the FMEG segment is on track to achieve breakeven in FY27.
Key Highlights
FY26 Revenue grew 27.6% YoY to ₹9,722.4 crores, with Q4 revenue up 33.7% to ₹2,964.1 crores
Annual PAT surged 58% to ₹492.2 crores, while Q4 PAT increased 30.1% to ₹168 crores
Wires & Cables segment revenue grew 31% for the full year, contributing 90% of total revenue
Company announced a total dividend of ₹9.50 per share for FY26
A ₹1,200 crore capex program is underway for FY26-FY28 to expand capacity and improve efficiency
👀 What to Watch
Investors should view the strong volume growth and margin expansion as a sign of efficient execution; monitor the FMEG segment's progress toward breakeven in FY27 as a key catalyst for further valuation rerating.
Websol Energy Reports Record FY26 PAT of ₹303 Cr; Plans TOPCon Upgrade and Pledge Release
Websol Energy delivered its best-ever financial performance in FY26, with revenue growing 82% to ₹1,049 crores and PAT surging 96% to ₹303 crores. The company successfully doubled its cell capacity to 1.2 GW and turned net cash surplus, leading to a recommended dividend of ₹0.25 per share. Management is now focusing on upgrading existing lines to TOPCon technology by February 2027 and is in advanced talks to release pledged promoter shares by repaying a ₹92 crore IREDA loan. The order book remains strong at ₹1,161 crores, providing high revenue visibility for the upcoming quarters.
Key Highlights
FY26 Revenue grew 82% YoY to ₹1,049 crores, while PAT rose 96% to ₹303 crores with a 28.6% margin.
EBITDA margins stood at 41% for the full year, with return ratios ROCE and ROE reaching 66% and 67% respectively.
Cell capacity doubled to 1.2 GW in FY26, with a further upgrade to 1.35 GW TOPCon technology planned by Feb 2027 costing ₹250-270 crores.
Company turned net cash surplus and is currently repaying a ₹92 crore loan to release over 80% of pledged promoter shares.
Confirmed order book stands at ₹1,161 crores as of Q4FY26, with a healthy book-to-bill ratio of 1.02x.
👀 What to Watch
Investors should view the record profitability and the imminent release of pledged promoter shares as significant positive catalysts for the stock. Monitor the timely execution of the TOPCon technology upgrade and the progress of the planned 4 GW integrated facility for long-term value creation.
BEL Bags Rs. 1,251 Crore Order for Ground Based Mobile ELINT Systems from Indian Army
Bharat Electronics Limited (BEL) has secured a significant contract valued at Rs. 1,251 crore (excluding taxes) from the Ministry of Defence. The order involves the supply of Ground Based Mobile ELINT Systems (GBMES) to the Indian Army, which are designed to detect, classify, and locate radar and communication signals. This state-of-the-art system is totally indigenous, having been developed by DLRL Hyderabad and manufactured by BEL. This contract further strengthens BEL's robust order book and highlights its critical role in India's defense indigenization efforts.
Key Highlights
Contract value of Rs. 1,251 crore excluding taxes for the supply of GBMES.
The system is an indigenous development by DLRL Hyderabad and manufactured by BEL.
GBMES is capable of detecting, classifying, and locating all types of radars and communication signals.
The order enhances the Indian Army's situational awareness and Air Defence capabilities.
👀 What to Watch
Investors should view this as a positive development that provides strong revenue visibility for BEL. The company remains a top pick in the defense sector due to its consistent ability to secure high-value indigenous contracts.
MBEL Bags Domestic Order Worth INR 71.95 Crores for Pre-Engineered Buildings
M & B Engineering Limited (MBEL) has secured a significant domestic contract valued at INR 71.95 Crores plus GST for the design, manufacturing, and supply of Pre-Engineered Buildings (PEB) and Structural Steel. The contract includes an erection order component of INR 14.32 Crores to be executed by its wholly-owned subsidiary, Phenix Building Solutions Private Limited. The project is scheduled for completion within a 7.5-month timeframe, providing strong revenue visibility for the upcoming quarters. This win reinforces the company's competitive position in the domestic structural steel market.
Key Highlights
Total order value of INR 71.95 Crores plus GST from a domestic entity.
Includes a specific erection order of INR 14.32 Crores for subsidiary Phenix Building Solutions.
Execution timeline is set for a rapid 7.5 months.
Scope covers end-to-end design, engineering, manufacturing, and supply of PEB/Structural Steel.
👀 What to Watch
Investors should view this as a positive development that strengthens the order book and provides immediate revenue visibility. Monitor the company's quarterly results to ensure the 7.5-month execution timeline is maintained without cost overruns.
RR Kabel Sets June 16 as Record Date for ₹5.50 Final Dividend
R R Kabel Limited has officially fixed Tuesday, June 16, 2026, as the record date for its final dividend for the financial year 2025-26. The company has proposed a dividend of ₹5.50 per equity share, which translates to 110% of the face value. This payout is subject to the approval of shareholders at the upcoming general meeting. Investors must hold the shares in their demat accounts by the record date to be eligible for the payment.
Key Highlights
Final dividend of ₹5.50 per equity share announced for FY 2025-26
Dividend payout represents 110% of the face value of the shares
Record date for determining eligibility fixed as June 16, 2026
Payment is subject to mandatory shareholder approval
👀 What to Watch
Investors seeking to receive the dividend should ensure they purchase or hold the stock before the ex-dividend date. Long-term investors should view this as a positive sign of the company's cash flow and commitment to shareholder returns.
RRKABEL FY26 Revenue Crosses $1 Billion; Annual PAT Surges 58% to ₹492 Crore
R R Kabel Limited reported a landmark FY26 with annual revenue reaching ₹9,722.4 crore, a 27.6% YoY growth, crossing the $1 billion milestone. The company's profitability saw significant expansion, with annual PAT growing 58% to ₹492.2 crore and EBITDA margins improving by 171 basis points to 8.1%. Growth was primarily driven by the Wires & Cables segment, which saw a 31% revenue increase and improved margins of 8.9%. Additionally, the company improved its operational efficiency, reducing its net working capital cycle to 49 days from 56 days in the previous year.
Key Highlights
Annual revenue reached ₹9,722.4 crore (+27.6% YoY), surpassing the $1 billion milestone.
Full-year PAT increased by 58% YoY to ₹492.2 crore, with Q4 PAT up 30.1% to ₹168 crore.
EBITDA margins expanded to 8.1% in FY26 from 6.4% in FY25, driven by Wires & Cables segment efficiencies.
Wires & Cables segment revenue grew 31% YoY to ₹8,763.7 crore with a segment profit margin of 8.9%.
Net working capital days improved significantly to 49 days as of March 2026 compared to 56 days in March 2025.
👀 What to Watch
Investors should take note of the strong margin expansion and the company's ability to scale its core Wires & Cables business both domestically and in exports. Continued monitoring of the FMEG segment's path to profitability is recommended as it currently remains loss-making despite narrowing losses.
