Rajratan Global Wire reports record Q2 FY26 performance with increased revenue, profit

Rajratan Global Wire Limited announced a strong performance for Q2 FY26, with consolidated revenue growing 20% year-on-year to INR 29,417 lakhs. This was supported by a 15% year-on-year increase in total sales volume, reaching a record 32,887 MT, and bead wire sales of 29,003 MT across all plants. EBITDA increased 5.6% year-on-year to INR 4,002 lakhs, marking the first time in 13 quarters that EBITDA touched INR 40 crore. Profit after tax rose 8% year-on-year to INR 2,055 lakhs.

The improved performance was significantly boosted by the new Chennai plant, which became profitable within 12 months of commissioning and achieved 60% capacity utilization in H2 FY26. This allowed the Pithampur plant to explore alternative, more profitable markets. The Chennai plant contributed 33% of its revenues from exports. Thailand operations remained profitable, with a 5% year-on-year volume growth to 12,071 MT and achieving 91% capacity utilization, bolstered by increased premium bead wire sales and improved realisations.

Looking ahead to Q3 FY26, Rajratan expects higher sales volumes, increased capacity utilization at the Chennai plant, better amortisation of Chennai fixed costs, and relatively contained steel costs, anticipating sustained performance momentum.