Investor Presentation for the quarter ended December 31, 2025

Delton Cables reported Q3 FY26 revenue of ₹2,684 million, up 42% year-on-year, with 9M FY26 revenue at ₹6,661 million (up 31%). EBITDA jumped 57.5% YoY in Q3 to ₹186 million, with margins improving 66 basis points to 6.9%; for 9M FY26, EBITDA grew 58.6% to ₹510 million. Adjusted profit after tax for 9M FY26 nearly doubled, rising 97% to ₹131 million. The company is deliberately reducing its lower-margin Railway exposure and ramping up the higher-margin EPC segment, which now makes up 93% of its ₹6,940 million order book, over 60% higher than the end of Q2. Working capital efficiency has improved sharply, with cash conversion cycle cutting from 214 days in FY22 to 87 days in FY25, and capacity utilisation rising from 44% to 81% over the same period. Management is pursuing an asset-light growth model, targeting a phased capacity expansion from ₹400 crore toward ₹2,500 crore by 2030.