Systematic Industries Registers Strong Revenue Growth of 23.9% YoY in FY26

Systematic Industries Limited (SIL), a leading manufacturer of specialised steel wires, cables and optical fibre solutions, is pleased to announce its impressive financial performance for the fourth quarter and financial year ended March 31, 2026.

Financial Results - FY26

- Total Revenues: FY26 Total Revenues stood at INR 5,563 Mn, grew by 23.9% YoY
- EBITDA: EBITDA for FY26 stood at INR 405 Mn, up by 7.1% YoY
- PAT: PAT during FY26 grew by 16.4% YoY to INR 210 Mn; PAT margin stood at 3.8%

Commenting on the development, Chairman and Managing Director of Systematic Industries, Mr. Siddharth Rajendra Agarwal said: "We are pleased to report a strong performance for FY26, with total revenues growing by 23.9% YoY to INR 5,563 Mn, driven by sustained demand across our core segments. Our PAT grew by 16.4% YoY to INR 210 Mn, reflecting our continued focus on disciplined execution and profitability.

The company achieved a key milestone by securing its first EPC contract from Power Grid Corporation of India Limited (PGCIL). This contract involves end-to-end execution including the supply and installation of Optical Ground Wire (OPGW) cable for the 400KV Agra-Kumher portion of (Sikar-Agra up to the LILO point at Kumher). This accomplishment has positioned the company to qualify for participation in upcoming OPGW tenders estimated at around INR 10,000 Mn in FY27. Additionally, the company marked another success by exporting OPGW cables at the beginning of FY27.

During the year, we further strengthened our position as a fully integrated player across steel wires, Optical Ground Wire (OPGW), and Optical Fibre Cables (OFC). Our strategic expansion into margin-accretive segments such as OFC and OPGW, along with our entry into EPC opportunities, is enabling us to capture emerging opportunities across India's evolving power transmission and digital infrastructure landscape.

We are particularly encouraged by the strong order momentum witnessed during the year. We secured a first landmark order from Indian Railway worth over INR 100 Mn for the supply of 24/48-fibre armoured optical fibre cables, reinforcing our leadership in railway communication infrastructure. In addition, we received multiple OPGW orders from leading EPC and utility players for power transmission projects in India and international markets. These wins underscore our strong technical capabilities, RDSO approvals, and growing presence in high-value infrastructure projects.

We remain confident of improving profitability driven by a richer product mix, operating leverage, and scaleup of our new-age businesses. Strong structural tailwinds in infrastructure spending, power transmission expansion, and rapid digitalisation continues to support our long-term growth outlook.

Importantly, we have strengthened our balance sheet by achieving net-debt free status as on 31st March 2026 through repayment of the borrowings, reflecting our focus on financial discipline and prudent capital allocation. This provides us with greater flexibility to fund future growth initiatives while maintaining a strong financial position.

Looking ahead, with a robust order pipeline of INR 250 Mn, for new product segments expanding global footprint, and continued investments in capabilities and higher capacity utilisation, we are well positioned to capitalise on long-term growth opportunities and deliver sustainable value to all stakeholders."

Source : Equity Bulls

Keywords

SystematicIndustries Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate