Delton Cables Profit Jumps 98.4% YoY to ₹12.5 Crore in Q2 FY27 as Revenue Surges

Key numbers

P/E Ratio	31.6Sector: 42.1
Market Cap	₹607.6 CrConsumer Durables
RSI	46.6Neutral Zone
Promoter Holding	73.0%Quarter End

Key highlights

• Net profit for Q2 FY27 surged 98.4% YoY to ₹12.5 crore, up from ₹6.3 crore in the same period last year
• Revenue from operations expanded to ₹358 crore in Q2-27, representing a 48.5% increase over Q2-26 levels
• Operating margins improved to 4.2% from 3.3% YoY, reflecting better product mix and cost efficiencies
• On a sequential basis, net profit grew by 64.5% from the ₹7.6 crore reported in Q1 FY27
• The company's basic and diluted Earnings Per Share (EPS) for the quarter stood at ₹14.46

Strong Top-Line Growth Drives Profitability

Delton Cables delivered a significant improvement in financial performance during the second quarter of FY27, with revenue from operations reaching ₹358 crore compared to ₹241 crore in the corresponding quarter of the previous year. This 48.5% revenue growth cascaded down to the bottom line, resulting in a net profit of ₹12.5 crore. The company benefited from higher scale and improved operational efficiency, as evidenced by the profit before tax (PBT) which stood at ₹15.2 crore, nearly double the ₹7.9 crore reported in Q2-26.

Sequential performance was equally strong, with total income rising from ₹287 crore in Q1-27 to ₹358 crore in the current quarter.

Operating Margins and Cost Management

• Operating margins expanded to 4.2% in Q2-27, up from 3.3% in the year-ago period
• Cost of materials consumed for the quarter stood at ₹252.49 crore on a standalone basis
• Employee benefit expenses were maintained at ₹14.68 crore, showing stability relative to revenue growth
• Finance costs increased to ₹13.14 crore during the quarter compared to ₹9.07 crore in Q2-26
• The company reported other income of ₹0.6 crore, largely consistent with previous quarters

Strategic Milestones and Credit Upgrades

The quarterly performance follows a series of positive operational developments for Delton Cables. On October 27, 2026, Acuité upgraded the company's credit rating for ₹334.57 crore bank facilities to ACUITE BBB+/Stable, citing improved business risk profiles. Furthermore, as of June 30, 2026, the company maintained an order book of ₹418.20 crore, with 88% of orders originating from the high-margin EPC segment.

Management had previously guided toward achieving double-digit EBITDA margins, supported by shifts in product mix toward telecom cables and EPC projects. The stock currently trades at a P/E of 31.6, which remains below the industry average of 35.48.

Summary of Unaudited Financial Results

The Board of Directors of the Company, at its meeting held today... has inter-alia approved the un-audited financial results for the quarter and half-year ended on September 30, 2026 along with Limited Review Report thereon.

What to watch next

• Execution of the ₹418.20 crore order book as of the end of the first half
• Potential further margin expansion towards management's double-digit EBITDA goal
• Impact of raw material price volatility on H2 FY27 margins

Delton Cables · financial snapshot

Share price	₹703.25
Market capitalisation	₹607.61 Cr
Revenue (annual)	₹986.38 Cr
Net profit (annual)	₹14.72 Cr
Revenue (latest quarter)	₹286.36 Cr-10.60% vs previous quarter
Net profit (latest quarter)	₹7.59 Cr+501.20% vs previous quarter
P/E (TTM)	31.6×Sector 42.06×
Promoter holding	73.04%0.00% QoQ
FII holding	0.13%Current quarter

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