| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 1.8K | 37.2% | 83.2% |
| Total Income | 1.8K | 37.1% | 82.6% |
| Expenditure | 1.7K | 37.6% | 82.2% |
| PBT | 58.76 | 33.9% | 94.5% |
| Net Profit | 39.23 | 24.0% | 110.2% |
| OPM | 5.32% | 0.04pp | 0.58pp |
| NPM | 2.23% | 0.24pp | 0.29pp |
| EPS | 4.18 | 24.8% | 16.1% |
Ram Ratna Wires FY26: Revenue Up 40.8%, PAT Up 54.7% YoY
26 May 2026 · 26 May, 6:32 pm
Summary
Ram Ratna Wires Ltd. announced a strong financial performance for Q4 and the full year ended March 31, 2026. The company reported an impressive 83.2% year-on-year increase in Q4 FY26 revenue from operations to ₹1,752.9 crore, with Profit After Tax more than doubling to ₹39.2 crore. For the full financial year, revenue grew by 40.8% to ₹5,176.6 crore, and PAT increased by 54.7% to ₹108.6 crore, driven by strong execution and operational progress. Management highlighted improved return ratios, with ROCE at approximately 25% and ROE at approximately 21%, alongside successful diversification efforts as the contribution of Copper Tubes and Pipes rose significantly. The company expressed optimism about sustained growth, supported by a favorable industry outlook, diversification strategy, ongoing capacity expansion, and active progression on Inner Grooved Tubes (IGT) development.
Key Highlights
- 1
Ram Ratna Wires Ltd. reported an exceptional 83.2% year-on-year growth in Q4 FY26 revenue from operations, reaching ₹1,752.9 crore.
- 2
Profit After Tax for Q4 FY26 more than doubled, increasing by 110.2% year-on-year to ₹39.2 crore.
- 3
For the full financial year FY26, revenue from operations grew by 40.8% to ₹5,176.6 crore, while Profit After Tax rose by 54.7% to ₹108.6 crore.
- 4
Operating EBITDA for FY26 increased by 68.7% to ₹263.6 crore, with the EBITDA margin improving to 5.1% compared to 4.3% in FY25.
- 5
The company strengthened its return ratios, with ROCE improving to approximately 25% and ROE reaching approximately 21% in FY26.
- 6
The contribution of Copper Tubes and Pipes to the product mix significantly increased from 14% to 22%, reflecting strategic diversification initiatives.
- 7
The company is actively progressing on the development of Inner Grooved Tubes (IGT) as part of its focus on expanding value-added offerings.
Management Comments
Shri Mahendrakumar Kabra
FY26 has been a pivotal year for Ram Ratna, marked by strong execution, disciplined growth, and meaningful operational progress. We delivered healthy growth in both revenue and profitability, with Q4 showcasing exceptional momentum as EBITDA and PAT more than doubled year-on-year. At the same time, we further strengthened our return ratios, with ROCE improving to ~ 25% and ROE reaching ~21%. A key highlight of the year was the continued improvement in our product mix, with the contribution of Copper Tubes and Pipes increasing from 14% to 22%, reflecting the progress of our strategic diversification initiatives and positioning the portfolio for sustainable long-term growth and profitability. As part of our focus on expanding value-added offerings, we are actively progressing on the development of Inner Grooved Tubes (IGT), which will further strengthen our presence in the segment. Domestic demand momentum remained robust, supported by sustained investments across India’s power, transmission, distribution, and infrastructure sectors. We are also witnessing encouraging traction in high-growth segments such as EV infrastructure and renewable energy grid connectivity. Looking ahead, the favourable industry outlook, supported by our diversification strategy, ongoing capacity expansion, and continued capital investments, positions us well for sustained growth. Additionally, our strategic initiatives through the joint venture and subsidiary businesses are steadily gaining momentum and are expected to contribute meaningfully to the Company’s future growth journey. We remain committed to creating sustainable value for all our stakeholders.
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