SYNOPSIS: Prime Cable Industries secured an order from a reputed EPC firm for designing, testing, and supplying 2.5 lakh meters of 1.1 kV LT Aerial Bunched Cable to Karnataka utilities, to be executed in two months.
During Thursday’s trading session, shares of one of the leading manufacturers of low-voltage cables and wires surged nearly 10 percent on the NSE, after the company announced securing an order for the supply of 2.5 lakh meters of cables to Karnataka Distribution utilities.
At 01:25 p.m., shares of Prime Cable Industries Limited were trading in green at Rs. 115.1 on BSE, up by around 5 percent, compared to its previous closing price of Rs. 109.9, with a market cap of Rs. 211 crores.
What’s the News
Prime Cable Industries Limited has received an order confirmation worth nearly Rs. 9.14 crores from an undisclosed reputed EPC company. The order includes the design, manufacturing, type testing, inspection, and supply of 250,000 meters of 1.1KV Class LT Aerial Bunched Cable to Karnataka Distribution Utilities. Execution of the order is expected to be completed within two months.
Also read: Smallcap stock in focus after receiving ₹107 Cr order for Adani Enterprises infra projects
Financials & More
Prime Cable reported a significant growth in revenue from operations, experiencing a year-on-year increase of more than 62 percent, from Rs. 56 crores in H1 FY25 to Rs. 91 crores in H1 FY26.
Likewise, the company’s net profit increased during the same period from Rs. 2 crores to Rs. 5 crores, representing an impressive rise of nearly 150 percent YoY. In H1 FY26, the company reported total revenue from operations of Rs. 91 crore, in which, Control Cables segment contributed the largest share at Rs. 43 crore, accounting for 47.3 percent of revenue.
Power Cables segment generated Rs. 24.45 crore or 27 percent, while Aerial Bunch Cables contributed Rs. 14.6 crore, representing 16 percent. Instrumentation Cables vertical added Rs. 1.09 crore (1.2 percent), and Housing/Building Wires & Conductors accounted for Rs. 3.12 crore (3.5 percent). The remaining product category, classified as Others, contributed Rs. 4.55 crore, making up 5 percent of the revenue mix.
Prime Cable Industries Limited is an indigenous manufacturer of high-quality low-voltage cables and wires, with a comprehensive portfolio including control cables, power cables, aerial bunch cables, instrumentation cables, house/building wires, and conductors.
It supplies mission-critical products to State Electricity Boards, Public Sector Undertakings (PSUs), EPC contractors, and industries like oil & gas, mining, steel, real estate, and electric panel manufacturing.
Prime Cable operates through two advanced ISO and BIS-certified manufacturing facilities. Unit I in Narela, Delhi, specialises in wires and cables with an annual installed capacity of 11,000 km of cables and 5,000 km of wires. Unit II in Ghiloth, Rajasthan, is a high-capacity plant producing 16,000 km of cables and 5,000 km of wires annually.
Written by Shivani Singh
The post Cable stock jumps 10% after securing order for supply of cables to Karnataka Distribution utilities appeared first on Trade Brains.