Auto Parts & Equipment company Rajratan Global Wire announced Q2FY26 results Revenue: Rs 29,417 lakh compared to Rs 24,533 lakh during Q2FY25, change 20%. EBITDA: Rs 4,002 lakh compared to Rs 3,789 lakh during Q2FY25, change 6%. EBITDA Margin: 13.60% for Q2FY26. PBT: Rs 2,683 lakh compared to Rs 2,464 lakh during Q2FY25, change 9%. PAT: Rs 2,055 lakh compared to Rs 1,905 lakh during Q2FY25, change 8%. Sunil Chordia Chairman and Managing Director, said: "Rajratan reported a creditable performance break-out during the quarter under review. On a consolidated basis, revenue grew by 20% YoY led by 15% and 21% volume growth in our consolidated and standalone businesses respectively. This led to EBITDA growth of 5.6% YoY and 29.3% QoQ, and Net Profit growth of 7.9% YoY and 52% QoQ. This is a significant improvement over Q1FY26. To put things in perspective, this was the highest quarter in the company's existence where consolidated volumes for a quarter crossed 32,000 MT while bead wire volumes recorded their highest sales ever at 29,003 MT across all our plants. EBITDA touched Rs 40 cr forthe first time in 13 quarters. The game-changer in the company’s performance was the decisive turnaround in its new Chennai plant. This plant turned profitable within 12 months of being commissioned - achieving 60% capacity utilisation in the latter half of Q2FY26. The profitable performance of this plant validated the rationale behind its commissioning: the company serviced marquee proximate customers; the geographic re-allocation moderated unproductive dispatches from both our India units, empowering each unit to seek different markets in return for superior return on investment. The network effect of these two locations – a distinctive Rajratan uniqueness among Indian bead wire companies – generated logistical savings. Besides, an attractive output share was exported from Chennai, broad-basing revenues by geography and moderating an excessive revenue dependence on India. The result was an improvement in earnings by quantity and quality. During the second quarter of FY26, general market demand for bead wire increased around 5%. Due to softer raw material prices, average realisations and margins in the India business were softer. However higher volumes and profitability in our Chennai plant helped outperform expectations. The Thailand subsidiary’s operations remained growing and profitable, Chinese competition notwithstanding. Exports and a higher share of sales to quality customers helped deliver a better-than-expected performance. We expect the same to sustain within a 10% variation for the latter half of FY26. Looking ahead, GST rationalisation on tyres and automobiles could catalyse tyre (and hence bead wire) offtake. As the Chennai plant increases capacity utilisation, the growth impact on the company’s financials could become more evident and sustainable. In view of this, the company expects to sustain its performance momentum, strengthening outcomes." Result PDF