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Delton Cables Ltd (504240)

📊 BSE: 504240 🏢 Other Electrical Equipment 📢 Latest filing: 11 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Delton Cables' revenue was ₹286 Cr (+83.2% year on year, -10.6% on the previous quarter), and net profit ₹7.6 Cr (+146.5% year on year); the operating margin was 8.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹286	+83.2%	-10.6%
Operating profit	₹24.8	+86.5%	+72.7%
Net profit	₹7.6	+146.5%	+502.5%
EPS (₹)	8.79	+146.9%	+502.1%
Operating margin	8.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

83% Revenue Growth in Q1 FY27; Order Book Reaches ₹418.2 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 09:24 PM

Delton Cables reported its highest-ever first-quarter performance with revenue surging 83.2% YoY to ₹286.4 Cr. Profitability saw a sharp jump as PAT rose 146.2% to ₹7.6 Cr, supported by an 80% growth in the EPC segment. The company's order book stands at ₹418.2 Cr, representing approximately 42% of its TTM revenue, providing strong short-term visibility. Management is successfully executing a strategic shift toward high-margin private EPC players and an asset-light manufacturing model.

Revenue for Q1 FY27 grew 83.2% YoY to ₹286.4 Cr, driven by strong demand in EPC and Railways.
Order book as of June 30, 2026, stands at ₹418.2 Cr, with 88% concentrated in the EPC segment.
EBITDA margins improved to 8.88% in Q1 FY27, a significant jump from the 6.73% average in FY26.
Cash conversion cycle drastically improved to 51 days in FY26 from 214 days in FY22.
Manufacturing capacity utilization reached 81% in FY25, up from 44% in FY22, on a ₹1,500 Cr capacity base.

💡 Investors should monitor the sustainability of the 8.8%+ EBITDA margins and the execution timeline of the ₹418.2 Cr order book, which is heavily weighted toward the EPC sector.

83% YoY Revenue Growth in Q1 FY27; EBITDA Margins Recover to 8.88%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 09:23 PM

Delton Cables reported a strong start to FY27 with Q1 revenue reaching ₹286.36 Cr, an 83% increase YoY, despite a 10.6% sequential decline from Q4 FY26. Profitability showed a significant recovery as EBITDA margins expanded to 8.88%, a 408 bps improvement over the previous quarter. Net profit surged 146% YoY to ₹7.59 Cr, nearly five times the PAT of Q4 FY26. The growth was primarily driven by the Telecom/Others segment (up 207%) and the EPC segment (up 80%).

Q1 FY27 Revenue grew 83.18% YoY to ₹286.36 Cr compared to ₹156.33 Cr in Q1 FY26
EBITDA margins improved by 408 basis points sequentially to 8.88% from 4.80% in Q4 FY26
PAT for the quarter stood at ₹7.59 Cr, up 146.26% YoY from ₹3.08 Cr
Telecom and other segments reported the highest growth at 207% YoY
Total order book as of June 30, 2026, stands at ₹41.8 Cr, with 90% from the EPC segment

💡 Monitor the sustainability of the 8.88% EBITDA margin in upcoming quarters, as it is significantly higher than the FY26 average of 6.73%. Investors should also track the conversion of the ₹41.8 Cr order book and any new high-margin contract wins in the Telecom and EPC sectors.

Delton Cables Q1 PAT Jumps 146% to ₹7.59 Cr; Dividend Record Date Set for Sept 22

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 08:27 PM

Delton Cables reported a robust Q1 FY27 with revenue growing 83.2% YoY to ₹286.36 cr. Net profit surged 146.4% YoY to ₹7.59 cr, compared to ₹3.08 cr in the same quarter last year. The company's EPS for the single quarter reached ₹8.79, which is more than 50% of the total EPS achieved in the entire FY26 (₹17.04). Additionally, the board has fixed September 22, 2026, as the record date for the final dividend payment.

Revenue from operations increased 83.2% YoY to ₹286.36 cr in Q1 FY27 from ₹156.33 cr.
Net profit for the quarter rose 146.4% YoY to ₹7.59 cr from ₹3.08 cr.
Basic and Diluted EPS improved to ₹8.79 for the quarter compared to ₹3.57 in Q1 FY26.
Record date for final dividend entitlement is fixed as September 22, 2026.
Finance costs increased significantly to ₹12.94 cr in Q1 FY27 from ₹7.73 cr in Q1 FY26.

💡 Investors should monitor the sustainability of this high revenue growth and whether the company can maintain its improved margins as it shifts toward high-margin EPC and Telecom segments.

Delton Cables Q1 PAT jumps 146% YoY to ₹7.59 Cr; Dividend record date set for Sept 22

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:45 PM

Delton Cables reported a strong start to FY27 with Q1 revenue growing 83% YoY to ₹286.36 Cr. Net profit surged 146% YoY to ₹7.59 Cr, driven by significant top-line growth despite higher finance costs of ₹12.94 Cr. The company has fixed September 22, 2026, as the record date for its final dividend. This performance represents a substantial improvement over the previous year's first quarter, with EPS rising from ₹3.57 to ₹8.79.

Revenue from operations increased 83% YoY to ₹286.36 Cr in Q1 FY27
Net profit for the quarter rose 146% to ₹7.59 Cr compared to ₹3.08 Cr in Q1 FY26
Earnings Per Share (EPS) improved significantly to ₹8.79 from ₹3.57 YoY
Finance costs increased to ₹12.94 Cr from ₹7.73 Cr in the same quarter last year
Record date for final dividend fixed as September 22, 2026

💡 Monitor if the company can maintain this high revenue run rate in subsequent quarters and observe the impact of rising finance costs on net margins.

Delton Cables Q1 PAT Jumps 146% to ₹7.59 Cr; Revenue Grows 83% YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:36 PM

Delton Cables reported a robust performance for Q1 FY27, with revenue from operations surging 83.2% YoY to ₹286.36 Cr. Net profit followed suit, growing 146.4% YoY to ₹7.59 Cr, compared to ₹3.08 Cr in the year-ago period. The company also fixed September 22, 2026, as the record date for its final dividend. While growth is strong, finance costs have increased significantly to ₹12.94 Cr, up from ₹7.73 Cr YoY, which warrants monitoring.

Revenue from operations increased 83.2% YoY to ₹286.36 Cr from ₹156.33 Cr.
Net profit surged 146.4% YoY to ₹7.59 Cr, significantly higher than the ₹3.08 Cr reported in Q1 FY26.
Basic EPS for the quarter improved to ₹8.79 from ₹3.57 YoY.
Finance costs rose 67.4% YoY to ₹12.94 Cr, reflecting increased borrowing or working capital intensity.
Record date for final dividend fixed as September 22, 2026, with the AGM scheduled for September 29, 2026.

💡 Investors should monitor the sustainability of this high revenue growth in upcoming quarters and track if the company can optimize finance costs, which currently consume a large portion of operating profits.

Delton Cables Q1 Net Profit Jumps 146% to ₹7.59 Cr; Dividend Record Date Fixed for Sept 22

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:33 PM

Delton Cables reported a robust Q1 FY27 with revenue from operations growing 83.2% YoY to ₹286.36 Cr. Net profit surged 146.4% YoY to ₹7.59 Cr, resulting in a significant EPS increase to ₹8.79 from ₹3.57 in the previous year's quarter. The company also finalized September 22, 2026, as the record date for its final dividend, with the AGM scheduled for September 29, 2026. While growth is strong, finance costs rose to ₹12.94 Cr, up from ₹7.73 Cr YoY, indicating higher capital intensity.

Revenue from operations grew 83.2% YoY to ₹286.36 Cr in Q1 FY27.
Net profit increased by 146.4% YoY to ₹7.59 Cr from ₹3.08 Cr.
Basic and Diluted EPS rose to ₹8.79 for the quarter compared to ₹3.57 in Q1 FY26.
Finance costs increased by 67.4% YoY to ₹12.94 Cr.
Record date for final dividend set for September 22, 2026, with AGM on September 29, 2026.

💡 Investors should monitor if the company can maintain these elevated revenue levels and margins in subsequent quarters. The rising finance costs relative to operating profit (₹12.94 Cr finance cost vs ₹7.59 Cr PAT) should be tracked to ensure debt servicing remains comfortable.

₹7.59 Cr PAT: Delton Cables Q1 Profit Jumps 146% YoY as Revenue Surges 83%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 11 Aug 2026, 07:25 PM

Delton Cables reported a robust start to FY27 with Q1 revenue growing 83.2% YoY to ₹286.36 cr. Net profit surged 146.4% YoY to ₹7.59 cr, already representing over 50% of the total PAT achieved in the entire previous fiscal year (FY26). However, finance costs rose sharply by 67% YoY to ₹12.94 cr, indicating higher borrowing or working capital needs. The company also confirmed September 22, 2026, as the record date for its final dividend.

Revenue from operations increased 83.2% YoY to ₹286.36 cr from ₹156.33 cr.
Net profit after tax grew 146.4% YoY to ₹7.59 cr compared to ₹3.08 cr in Q1 FY26.
Earnings Per Share (EPS) for the quarter rose to ₹8.79 from ₹3.57 YoY.
Finance costs increased significantly to ₹12.94 cr from ₹7.73 cr in the year-ago period.
Total comprehensive income for the quarter stood at ₹7.59 cr vs ₹3.06 cr YoY.

💡 Investors should monitor if the company can sustain this high revenue run-rate, as Q1 revenue alone is ~29% of the total TTM revenue. Watch for management commentary on the sharp rise in finance costs and whether it relates to the 'Strategic Transformation' into high-margin EPC and Telecom segments.

₹286 Cr Revenue: Delton Cables Q1 PAT jumps 146% YoY; Dividend Record Date Fixed

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:18 PM

Delton Cables reported a strong start to FY27 with revenue from operations growing 83.2% YoY to ₹286.36 cr. Net profit surged 146.4% to ₹7.59 cr, driven by higher volumes despite a significant 67% increase in finance costs which rose to ₹12.94 cr. The quarterly revenue represents approximately 29% of the total TTM revenue, indicating a strong growth trajectory. The board has also fixed September 22, 2026, as the record date for the final dividend payment.

Revenue from operations increased by 83.2% YoY to ₹286.36 cr from ₹156.33 cr
Net profit for the quarter grew by 146.4% YoY to ₹7.59 cr compared to ₹3.08 cr
Finance costs surged to ₹12.94 cr from ₹7.73 cr in the previous year's quarter
Earnings Per Share (EPS) improved to ₹8.79 from ₹3.57 YoY
Record date for final dividend entitlement fixed as September 22, 2026

💡 Monitor the company's ability to sustain high revenue growth while managing the rising interest burden, as finance costs now exceed the quarterly net profit.

Delton Cables Board Meeting on August 11, 2026, to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 04 Aug 2026, 06:14 PM

Delton Cables has scheduled a board meeting for August 11, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where the company achieved a record revenue of ₹986 Cr but saw a decline in net profit to ₹15 Cr from ₹21 Cr in FY25. Investors will be monitoring the results for signs of margin recovery, as the operating profit margin stood at 6.5% TTM. The board will also finalize the notice and report for the 61st Annual General Meeting.

Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results.
Results cover the three-month period ending June 30, 2026.
Board to approve the Notice and Directors’ Report for the 61st Annual General Meeting.
Trading window remains closed until 48 hours after the results are declared.
Company reported a TTM revenue of ₹986 Cr against a market cap of ₹379 Cr.

💡 Monitor the August 11 results to assess if the company can reverse the margin compression seen in Q4 FY26, where net profit was only ₹1.26 Cr on ₹320.31 Cr revenue.

View All 504240 Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In H1 FY26, the EPC segment grew by 51% YoY, contributing 49% of total revenue. The Telecom and other segments grew by 86%, contributing 18%. The Railways segment de-grew by 11%, contributing 33%, due to a strategic shift toward higher-margin business. Total Operating Income (TOI) for FY25 reached INR 709.26 Cr, a 76.9% increase from INR 400.86 Cr in FY24.

Geographic Revenue Split

The company is focused on a PAN India presence and expanding into untapped domestic areas. Specific regional percentage splits are not disclosed in available documents.

Profitability Margins

FY25 PAT margin was 2.89%, a decrease of 75 bps from 3.63% in FY24, primarily due to higher finance costs and depreciation from capacity expansion. However, H1 FY26 showed a recovery with an EBITDA margin of 8.15%, up 176 bps YoY.

EBITDA Margin

EBITDA margin for FY25 was 6.43%, down 56 bps from 6.99% in FY24 due to copper price volatility. Q1 FY26 margins improved to 8.74% and H1 FY26 reached 8.15% (INR 32.43 Cr) as the company shifted toward higher-margin EPC projects.

Capital Expenditure

The company commissioned its third plant in FY25. While specific future INR Cr figures are not detailed, the company utilizes an asset-light model for capacity addition and recently increased debt to fund expansion, with total debt rising to INR 172.26 Cr in FY25.

Credit Rating & Borrowing

Re-affirmed ratings of IVR BBB/Stable for Long-term and IVR A3+ for Short-term bank facilities. The company has a total rated facility of INR 269.30 Cr. Interest coverage ratio (ISCR) improved to 1.82x in FY25 from 1.64x in FY24.

⚙️ Operational Drivers

Raw Materials

Copper is the primary raw material, alongside PVC and other plastics for cable insulation. Copper price volatility is a major driver, causing a 56 bps margin compression in FY25 when costs could not be immediately passed to customers.

Capacity Expansion

Current manufacturing capacity is valued at INR 1,500 Cr across various segments. Capacity utilization significantly improved to 81% in FY25 from 44% in FY22.

Raw Material Costs

Raw material price volatility, particularly in copper, directly impacts the EBITDA margin (6.43% in FY25). Procurement costs rose in FY25, and the company faces limited bargaining power with large clients to pass on these costs instantly.

Manufacturing Efficiency

Revenue per unit of capacity has increased, with revenue growing 4.4x from FY22 to FY25 (INR 709 Cr) while improving utilization to 81%.

📈 Strategic Growth

Expected Growth Rate

12-14%

Growth Strategy

The company is executing a 'Strategic Transformation' by shifting from low-margin Railway cables to high-margin EPC and Telecom segments (which grew 51% and 86% respectively in H1 FY26). It utilizes an asset-light model for capacity expansion, focuses on private sector Capex, and targets new sectors like Nuclear, Defense, and Smart Metering.

Products & Services

Power cables, instrumentation cables, control cables, telecommunication cables (PIJF), railway signaling cables, quad cables, structured cabling solutions, and smart meters.

Brand Portfolio

Delton

New Products/Services

Expansion into Smart Metering solutions and Structured Cabling for high-growth sectors. Entering niche segments like Nuclear and Defense to diversify the portfolio.

Market Expansion

Focusing on PAN India presence and expanding into untapped domestic areas, leveraging India's infrastructure push and 5G rollout.

🌍 External Factors

Industry Trends

The Indian wire and cable market is growing at 12-14% CAGR, driven by the expansion of power transmission, railway modernization, and 5G rollouts. The industry is shifting toward high-quality, specialized cables for smart cities and renewable energy.

Competitive Landscape

Intense competition from large integrated players (e.g., Polycab, Havells) and unorganized local manufacturers, which pressures margins.

Competitive Moat

75-year brand legacy and 50 years as a public company provide a trust-based moat. Extensive 'approval-based' certifications with major PSUs and global corporations act as a significant entry barrier for competitors.

Macro Economic Sensitivity

Highly sensitive to GDP growth and government infrastructure allocations (17% increase in FY26 budget). Industrial demand is bolstered by private sector Capex and urban development.

Consumer Behavior

Shift toward 'Demand-Pull' rather than 'Product-Push,' with customers seeking customized, high-performance cabling solutions for specific infrastructure projects.

Geopolitical Risks

Trade disruptions in West Asia and global economic slowdowns are cited as threats to export performance and supply chain stability.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to evolving regulatory frameworks, government policies on capital expenditure, and power sector reforms. Compliance with SEBI (LODR) for corporate governance is mandatory.

⚠️ Risk Analysis

Key Uncertainties

Volatility in raw material prices (copper) and intense industry competition are the primary risks, potentially impacting the current 8.15% EBITDA margin. Global economic fluctuations and West Asian trade disruptions pose supply chain risks.