Press-Release for the quarter and half-year ended September 30, 2025
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Delton Cables reported strong Q2 FY26 results with revenue of ₹241.3 crore, up 38% year-on-year. EBITDA grew nearly 80% YoY to ₹18.7 crore, with margins improving by 179 basis points to 7.76%. Profit before tax (before exceptional items) surged 157% YoY to ₹7.9 crore. For H1 FY26, revenue rose 24.9% to ₹397.7 crore and EBITDA grew 59.3% to ₹32.4 crore, with EBITDA margin at 8.15%. PAT for Q2 declined ~26% YoY to ₹6.3 crore and H1 PAT fell ~19% YoY to ₹9.4 crore, mainly because the prior year base included a one-time exceptional income of ₹10 crore. Order book stands at ₹425 crore, with 91% from higher-margin EPC and telecom segments. Railway segment revenue de-grew 11% by management choice to reduce low-margin exposure, while EPC grew 51% and telecom grew 86%.
Strong top-line and EBITDA growth, expanding margins, and a healthy order book skewed toward profitable segments are positive signals for future earnings. However, the headline PAT decline is purely a base-effect issue from last year's exceptional income and should not worry investors. Management's stated target of double-digit EBITDA margin appears increasingly achievable.