**Financial Highlights:** In H1 FY25, V-Marc India reported a revenue of ₹3,452 million, reflecting a 97.2% increase year-on-year.

EBITDA surged to ₹344 million, marking a 98.6% growth, and the EBITDA margin improved to 10%. Profit After Tax (PAT) stood at ₹114 million, a significant rise of 106.8%, with a PAT margin of 3.3%. **Strategic Initiatives and Growth Drivers:** The company has introduced innovative products, including Flexi Tough eB-HFFR wires and eB+ Power Cables, leveraging advanced E-beam technology.

V-Marc expects stronger demand in H2 FY25, aligned with seasonal construction trends.

A ₹50 crore capex underway will expand capacity to 2.12 lakh kilometres by September 2025. **Business Developments:** A preferential issue to raise ₹46.83 crore is in progress, set to be completed soon, enhancing financial stability for upcoming growth initiatives. **Market Position and Competitive Advantage:** V-Marc is well-positioned in the fast-growing wire and cable industry, benefitting from strong domestic demand and government-backed infrastructure projects while maintaining a focus on safety and product innovation. **Investor Implications:** With ambitious revenue targets of ₹750-800 crore for FY25 and a forecasted 40-50% growth for FY26, the outlook remains positive.

Investors should note the company’s strategic capacity expansions and innovative product development, which could drive significant value.