Ram Ratna Wires Q2 FY27 Results: Consolidated Net Profit ₹35.16 Crore on Total Income of ₹1,856 Crore
Earnings
Winding wires and copper tubes
Blacklitt Research3 min read
Ram Ratna Wires (NSE: RAMRAT) reported consolidated total income of ₹1,855.62 crore and net profit of ₹35.16 crore for the quarter ended 30 Sep 2026, it said in a filing on 29 Oct 2026. Standalone total income was ₹1,934.47 crore and standalone net profit ₹28.88 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹1,855.62 crore, up 58.9% YoY and down 5.8% QoQ
Net profit and EPS: ₹35.16 crore, up 61.2% YoY; basic EPS ₹3.75
Finance costs: ₹31.65 crore, up 67.1% YoY and 6.0% QoQ
Standalone
The company on its own, without its subsidiaries
Total income: ₹1,934.47 crore, up 68.9% YoY and down 0.4% QoQ
Net profit and EPS: ₹28.88 crore, up 33.5% YoY; basic EPS ₹3.09
Exceptional item: ₹7.12 crore impairment of investment in Epavo Electricals
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,855.62
1,167.49
+58.9%
1,969.45
-5.8%
Revenue from operations
1,853.28
1,163.39
+59.3%
1,961.95
-5.5%
Other income
2.34
4.10
-42.8%
7.49
-68.8%
35.16
21.81
+61.2%
35.70
-1.5%
Profit before tax
46.09
30.77
+49.8%
51.54
-10.6%
Finance costs
31.65
18.94
+67.1%
29.87
+6.0%
Depreciation
12.77
8.63
+47.9%
13.46
-5.1%
Tax expense
10.93
8.96
+22.0%
15.83
-31.0%
Net profit margin
1.89%
1.87%
+0.03 pp
1.81%
+0.08 pp
EPS, basic (₹)
3.75
2.28
+64.5%
3.77
-0.5%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income in the year-on-year comparison. Net profit rose 61.2% to ₹35.16 crore against ₹21.81 crore a year earlier, while total income rose 58.9%. Profit before tax rose 49.8%, and tax expense rose 22.0% to ₹10.93 crore, which is 23.7% of profit before tax of ₹46.09 crore.
Revenue from operations rose 59.3% to ₹1,853.28 crore and accounts for nearly all of total income. Other income fell 42.8% to ₹2.34 crore, which is 0.1% of total income. Finance costs of ₹31.65 crore are 1.7% of total income, up from ₹18.94 crore a year earlier.
Against the previous quarter, total income fell 5.8% and net profit fell 1.5%, so profit held up better than income. Basic EPS was ₹3.75 against ₹2.28 a year earlier and ₹3.77 in the previous quarter.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,934.47
1,145.58
+68.9%
1,941.90
-0.4%
Revenue from operations
1,834.27
1,141.29
+60.7%
1,931.99
-5.1%
Other income
7.43
2.28
+225.6%
4.29
+73.4%
28.88
21.64
+33.5%
36.72
-21.3%
Profit before tax
44.14
30.11
+46.6%
47.64
-7.3%
Finance costs
28.33
30.36
-6.7%
18.32
+54.6%
Depreciation
12.36
11.77
+5.0%
7.94
+55.7%
Tax expense
15.26
8.48
+80.1%
10.92
+39.7%
Net profit margin
1.49%
1.89%
-0.40 pp
1.89%
-0.40 pp
EPS, basic (₹)
3.09
2.32
+33.2%
3.93
-21.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone profit before tax of ₹44.14 crore is after a one-time exceptional item of ₹7.12 crore. The filing describes it as an impairment of the investment in Epavo Electricals Private Limited, a joint venture, recognised after an interim re-assessment based on an independent valuer's report.
Standalone net profit rose 33.5% to ₹28.88 crore, slower than profit before tax (up 46.6%) and slower than tax expense (up 80.1% to ₹15.26 crore). Tax expense is 34.6% of standalone profit before tax this quarter, against 28.2% a year earlier. Standalone net profit fell 21.3% against the previous quarter, more than total income did (down 0.4%).
Other income rose to ₹7.43 crore from ₹2.28 crore and is 16.8% of standalone profit before tax. Finance costs fell 6.7% YoY to ₹28.33 crore but rose 54.6% QoQ. For the company as a whole, the filing says the board approved an acquisition of the remaining 50% of Epavo Electricals, which will make it a wholly owned subsidiary, and an investment of up to ₹50 crore in land in Rajasthan for future expansion. The company says the Extended Producer Responsibility obligation for non-ferrous scrap, effective 1 Apr 2026, cannot yet be quantified because the CPCB portal and pricing framework are not operational.
Inference
The filing records a dividend paid of ₹23.34 crore in the six months ended 30 Sep 2026, against ₹11.66 crore a year earlier, and a 1:1 bonus issue of 4,66,74,536 equity shares with a record date of 26 Dec 2025. Paid-up equity share capital is ₹46.67 crore at ₹5 a share.
The filing does not state the reason for the Epavo acquisition, its price, or its closing date, nor how the Rajasthan land investment will be funded or the size of the land. It also does not state a dividend for the current quarter.
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