Ram Ratna Wires revenue jumps 83% in Q4 as demand surges
The company reported a full-year profit of ₹109 crore, up 55%, as its copper tubes and pipes segment captured a larger share of the revenue mix.
What's new
- Q4 revenue climbed 83% to ₹1,753 crore, with net profit doubling to ₹39 crore.
- Full-year revenue rose 41% to ₹5,177 crore; net profit grew 55% to ₹109 crore.
- Copper tubes and pipes revenue share expanded from 14% to 22%.
Why this matters
The company is successfully diversifying its revenue base while maintaining strong return ratios. An ROCE of ~25% and ROE of ~21% suggest that the rapid top-line growth is translating into efficient capital usage.
What we're watching
- Whether the 22% revenue share for copper tubes continues to climb.
- Execution speed on the development of inner grooved tubes.
- Sustainability of the current demand in EV and power infrastructure.
The full read
Ram Ratna Wires ended FY26 with a strong finish, reporting a 83% surge in Q4 revenue to ₹1,753 crore. Operating EBITDA and net profit both more than doubled year-on-year, reaching ₹93 crore and ₹39 crore respectively. For the full year, the company grew revenue by 41% to ₹5,177 crore, while net profit rose 55% to ₹109 crore.
Diversification is working.
The copper tubes and pipes segment now accounts for 22% of total revenue, up from 14% a year ago. With an ROCE of ~25% and an ROE of ~21%, the company is generating returns that match its rapid expansion. The next test is whether the company can maintain this momentum while scaling its new inner grooved tubes product line, as the industry outlook remains favorable for power and EV infrastructure.
Questions answered
- What drove the company's performance in FY26?
- Growth was fueled by strong demand in power transmission, distribution, and EV infrastructure. The company also benefited from a shift in product mix toward higher-value copper tubes and pipes.
- How did the copper tubes segment perform relative to the total business?
- The segment's revenue share increased from 14% to 22% over the fiscal year. This shift is a key part of the company's strategic diversification.
- What are the company's current return ratios?
- Management reported an ROCE of approximately 25% and an ROE of approximately 21% for the fiscal year.
- What is the company's next development focus?
- The company is currently advancing the development of inner grooved tubes and expanding its manufacturing capacity.