Ram Ratna Wires Q4 Profit Surges 55% as Revenue Hits Rs 5,177 Crore on Copper and EV Expansion

The Quick Take

• Ram Ratna Wires reported a 55% PAT jump for Q4 FY26 with revenue rising 41% to Rs 5,177 crore, driven by copper tubes, record Q4 earnings, and EV/wind business expansion
• The copper products maker is transitioning from a commodity wire business to higher-margin copper tubes and EV/wind-linked specialty products
• FY26 full-year results showed record performance with expansion into two strategically significant growth sectors: electric vehicles and wind energy

Ram Ratna Wires Limited, a leading copper products manufacturer, delivered Q4 FY26 PAT growth of 55% alongside a 41% revenue increase to Rs 5,177 crore for the full year. The company has been executing a strategic transition from commodity copper winding wires to higher-margin copper tubes (used in HVAC, refrigeration, and EV thermal management) and specialty products for wind turbine and electric vehicle applications. The strong FY26 results validate that the transition is delivering incremental margin improvement.

Ram Ratna's move into EV and wind-linked copper products positions it within two of India's highest-growth industrial sectors. Copper demand from EVs (wiring harnesses, motors, and thermal management) and wind turbines (generator windings) is structurally growing as India targets 500 GW renewable energy and an increasing EV fleet. Peers including Sterlite Technologies and Hindalco face the same structural copper demand tailwind, while Ram Ratna's mid-cap positioning gives it room to grow before rounding error for large-cap fund benchmarks.

Watch for Ram Ratna FY27 guidance on the copper tubes and EV/wind segment revenue mix, as well as any new customer announcements from India's EV OEMs or wind turbine manufacturers. The macro variable: London Metal Exchange (LME) copper prices — as a copper processor, Ram Ratna's margins depend on the spread between copper input costs and finished product prices.

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