Cords Cable Q1 FY27 Results: Net Profit More Than Doubles to Rs 7 Crore, Revenue at Rs 247 Crore
- August 14, 2026
- Posted by: Neeraj Pandey
- Category: Market
Cords Cable Q1 FY27: Revenue Rs 247 Cr (+9.53% YoY). PAT Rs 7 Cr (+101.69%). Gross profit Rs 12 Cr vs Rs 11 Cr. CMP Rs 225.80 on Aug 13, 2026.
Quick Answer
Cords Cable Industries delivered an impressive Q1 FY27, with standalone net profit more than doubling to Rs 7 crore from Rs 3 crore in Q1 FY26. Revenue grew a steady 9.53% to Rs 247 crore and gross profit improved 17% to Rs 12 crore. The combination of revenue growth and disproportionate PAT improvement points to effective cost management and improving operating leverage in the cable manufacturing business.
Cords Cable Q1 FY27 results were standout, with the cable manufacturer reporting standalone net profit more than doubling to Rs 7 crore from Rs 3 crore in Q1 FY26. Revenue grew a stable 9.53% to Rs 247 crore from Rs 225 crore, and gross profit improved to Rs 12 crore from Rs 11 crore, reflecting both volume growth and better margin management.
The Cords Cable Q1 FY27 results demonstrate strong operating leverage in cable manufacturing. While revenue grew at approximately 10%, PAT grew at over 100%, indicating that the company benefited from lower copper or aluminium input costs, improved product pricing, or a higher-margin specialty cable order mix.
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Cords Cable Q1 FY27 Financial Highlights
| Metric | Q1 FY27 (Rs Crore) | Q1 FY26 (Rs Crore) | YoY Change |
|---|---|---|---|
| Revenue | 247.00 | 225.00 | +9.53% |
| Gross Profit | 12.00 | 11.00 | +16.55% |
| Net Profit / PAT | 7.00 | 3.00 | +101.69% |
Cords Cable Q1 FY27 Performance Analysis
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The standout feature of Cords Cable Q1 FY27 results is the disconnect between modest revenue growth of 9.53% and a dramatic PAT growth of 101.69%. In cable manufacturing, this typically happens when raw material costs decrease relative to revenue, allowing gross margin improvement to flow disproportionately through to the bottom line.
Gross profit in Cords Cable Q1 FY27 results improved to Rs 12 crore from Rs 11 crore, a 17% increase. The fact that gross profit grew 17% on 10% revenue growth points to better per-unit economics, whether from lower copper wire input costs, improved product pricing, or higher-margin specialty cable order execution.
The PAT doubling in Cords Cable Q1 FY27 results also benefits from the inherent operating leverage in manufacturing. Fixed costs like depreciation, rent, and certain employee expenses remain constant, meaning incremental revenue at better gross margins directly multiplies PAT — a dynamic that is particularly visible in cable manufacturing during periods of input cost stabilisation.
Cords Cable Q1 FY27 results suggest the company is benefiting from government infrastructure investment, particularly in electrification, power transmission, and industrial construction. Cables are a core material for all these project categories, and order book visibility in the sector remains strong through FY27.
Key Business Factors in Q1 FY27
Infrastructure and Power Sector Demand
India’s power sector capacity expansion, grid modernisation, and industrial construction are driving sustained demand for cables and wires. Cords Cable Q1 FY27 results reflect the company capturing this demand with 10% revenue growth while maintaining strong pricing in specialty cable segments.
Input Cost Management
Cable manufacturing margins are sensitive to copper, aluminium, and PVC resin prices. The PAT doubling in Cords Cable Q1 FY27 results suggests that below-the-gross-profit-line costs were optimised or that the company benefited from efficient raw material procurement timing relative to selling prices.
Product Mix and Specialty Cable Contribution
Cords Cable manufactures a range of products from power cables to control and instrumentation cables. A shift toward higher-margin specialty cables in the order mix can disproportionately improve PAT even on modest revenue growth, a dynamic appearing to play out in Cords Cable Q1 FY27 results.
Dividend Details
Cords Cable Industries has not announced any dividend for Q1 FY27. The strong PAT performance in Q1 FY27 results may, however, improve the possibility of a dividend announcement at the annual board meeting if the full-year performance sustains this trajectory.
FY27 Outlook
The FY27 outlook for Cords Cable is constructive, underpinned by India’s power sector capex cycle, renewable energy project execution, and the government’s electrification push. The cable sector is one of the direct beneficiaries of the Rs 11.1 lakh crore infrastructure budget for FY27.
Risks include volatility in copper and aluminium prices, which are key raw materials for Cords Cable, and potential pressure on realisations if new cable capacity intensifies competition. Monitoring Q2 FY27 results will help confirm whether the PAT doubling in Q1 FY27 results represents a sustainable earnings shift.
Cords Cable Stock Performance
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Cords Cable shares traded at Rs 225.80 on August 13, 2026, down 3.06% on the day, which may reflect some profit-taking after the strong Q1 FY27 results. The stock’s earnings momentum looks healthy based on Q1 data, and the broader electrical cable sector has been a strong performer in the infrastructure bull market.
Key Risks
Copper and Raw Material Price Volatility
Copper accounts for a large part of cable manufacturing costs. Any spike in London Metal Exchange copper prices, particularly if the rupee weakens simultaneously, can rapidly compress Cords Cable’s gross margins from the levels seen in Q1 FY27 results.
Working Capital Intensity
Cable manufacturing for large infrastructure projects involves long payment cycles from government and PSU clients. Receivables management is critical, and any deterioration in debtor days could increase financing costs and pressure PAT despite the revenue growth.
Competition from Organised Players
The cable sector includes large players like Polycab, KEI Industries, and RR Kabel. Competitive pricing pressure from better-capitalised industry leaders could limit Cords Cable’s ability to sustain the margin improvement evident in Q1 FY27 results.
Conclusion
Cords Cable Q1 FY27 results were strong, with PAT more than doubling to Rs 7 crore on revenue growth of 10% to Rs 247 crore. The disproportionate profit improvement relative to revenue growth reflects effective cost management and improving operating leverage in cable manufacturing.
The results position Cords Cable well within the infrastructure cable theme for FY27. Investors should monitor input cost trends and Q2 FY27 results to confirm the earnings improvement is structural rather than cyclical, before building a long-term view on the stock.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Cords Cable Q1 FY27 Results
When were Cords Cable Q1 FY27 results announced?
Ans. Cords Cable Q1 FY27 results were announced on August 13, 2026, covering the April to June 2026 quarter on a standalone basis.
What was Cords Cable’s revenue in Q1 FY27?
Ans. Cords Cable reported standalone revenue of Rs 247 crore in Q1 FY27, up 9.53% from Rs 225 crore in Q1 FY26.
What was Cords Cable’s PAT in Q1 FY27?
Ans. Cords Cable’s net profit (PAT) was Rs 7 crore in Q1 FY27, a growth of 101.69% from Rs 3 crore in Q1 FY26.
Why did Cords Cable’s PAT double despite only 10% revenue growth in Q1 FY27?
Ans. The PAT doubling in Cords Cable Q1 FY27 results reflects improved operating leverage, likely driven by stable or declining input costs relative to revenue, better product mix toward higher-margin cables, and disciplined below-the-line cost management.
Did Cords Cable declare a dividend after Q1 FY27 results?
Ans. Cords Cable has not declared a dividend for Q1 FY27. A strong full-year performance could improve the prospects of a dividend announcement at the next annual board meeting.
What is the outlook for Cords Cable after Q1 FY27 results?
Ans. The outlook is positive, supported by India’s infrastructure and power sector capex cycle. Raw material cost management and product mix evolution toward specialty cables will be key for sustaining the strong PAT performance visible in Q1 FY27 results.
Is Cords Cable a good investment based on Q1 FY27 results?
Ans. Cords Cable Q1 FY27 results show strong earnings improvement. Investors should evaluate the company’s order book, competitive positioning, and raw material hedging strategy before investing. Consult a SEBI-registered advisor for personalised guidance.
