Birla Cable Reports ₹37.8 Crore Q2 Net Profit as Revenue Doubles Year-on-Year

Key numbers

P/E TTM	21.42Sector 58.87
1-Year Return	107.3%Outperforming
Promoter Holding	66.35%No change
RSI	49.02Neutral Zone

Key highlights

• Revenue from operations grew 101.7% year-on-year to ₹355 crore from ₹176 crore in Q2-26
• Net profit soared to ₹37.8 crore, compared to just ₹0.7 crore in the same period last year
• Operating margins expanded to 14.2% in Q2-27, a significant increase from 0.6% in Q2-26
• The company received 'No Objection' letters from NSE and BSE on August 14, 2026, for its amalgamation scheme
• A First Motion application has been filed with the NCLT to seek directions for shareholder and creditor meetings

Operational Scale-Up Drives Profit Expansion

Birla Cable demonstrated significant operational scaling in the second quarter of FY27, with revenue from operations reaching ₹355 crore. This represents a 101.7% increase over the ₹176 crore reported in the corresponding quarter of the previous year. The bottom-line performance saw an even more dramatic shift, as net profit climbed to ₹37.8 crore from ₹0.7 crore year-on-year.

While operating margins moderated slightly on a sequential basis from 15.4% in Q1-27 to 14.2% in Q2-27, the current performance remains substantially higher than the 0.6% margin recorded in Q2-26, reflecting improved capacity utilization and cost efficiencies in the telecom cables segment.

Strategic Consolidation with Vindhya Telelinks

• The Board approved a Scheme of Amalgamation with Vindhya Telelinks Limited on March 21, 2026
• The swap ratio is fixed at 10 equity shares of Vindhya Telelinks for every 115 shares of Birla Cable
• Observation Letters with 'No Objection' were received from NSE and BSE during the September quarter
• A First Motion application has been filed with the jurisdictional National Company Law Tribunal (NCLT)
• The merger remains subject to final NCLT sanction and the requisite approvals from shareholders and creditors
• Vindhya Telelinks previously disclosed a robust order book of ₹5,812 crore as of December 31, 2025

Market Valuation and Industry Standing

Despite a monthly price decline of 13.8%, Birla Cable has delivered a strong 107.3% return over the past year, significantly outpacing many peers in the telecommunications equipment sector. The stock is currently trading at a trailing twelve-month P/E ratio of 21.42, which sits well below the sector average of 58.87. Financial health indicators remain stable with a Piotroski Score of 7, indicating strong fundamental momentum.

The company continues to operate as a single-segment entity focused on cables, positioning itself to benefit from the ongoing network infrastructure expansion across India's telecom landscape.

Scheme of Amalgamation Status

The First Motion application has been filed with the jurisdictional National Company Law Tribunal (NCLT) seeking directions for convening or dispensing with meetings of shareholders and creditors. The Scheme is subject to receipt of the requisite statutory and regulatory approvals, including sanction by the NCLT.

What to watch next

• NCLT hearing dates and directions for shareholder and creditor meetings
• Final regulatory approval and effective date for the merger with Vindhya Telelinks
• Q3 FY27 financial results announcement expected in February 2027

Birla Cable · financial snapshot

Share price	₹330.1
Market capitalisation	₹990.30 Cr
Revenue (annual)	₹771.11 Cr
Net profit (annual)	₹16.90 Cr
Revenue (latest quarter)	₹266.64 Cr+24.54% vs previous quarter
Net profit (latest quarter)	₹30.70 Cr+184.12% vs previous quarter
P/E (TTM)	21.42×Sector 58.87×
Promoter holding	66.35%0.00% QoQ
FII holding	0.87%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.