Precision Wires India Ltd

Precision Wires India announced that the 37th Annual General Meeting(AGM) of the company will be held on 10 August 2026.

Precision Wires India has received affirmation in credit rating for bank facilities at CARE A+; Stable / CARE A1.

Profit before tax (PBT) climbed 38.31% YoY to Rs 72.24 crore in Q4 FY26. Total expenses jumped 30.51% to Rs 1,690.60 crore in Q4 FY26, compared with Rs 1,295.36 crore in Q4 FY25. Cost of material consumed stood at Rs 1571.65 crore (up 21.44% YoY), employee benefit expenses was at Rs 15.57 crore (up 8.73% YoY), power & fuel expenses (up 5.2% YoY) during the period under review. Meanwhile, the company's board declared a final dividend of Rs 0.55 per equity share of face value Re 1 each for FY26. The board also approved the re-appointment of Krina Parekh as chief financial officer (CFO), effective from the company's forthcoming 37th annual general meeting (AGM). Additionally, the board sanctioned an unsecured working capital facility of up to Rs 190 crore from RBL Bank and approved the induction of Axis Bank as the company's fourth secured lender for a secured working capital facility of Rs 350 crore. Precision Wires India is engaged in the manufacturing of enamelled round and rectangular copper winding wires, continuously transposed conductors (CTC) and paper/mica/nomex insulated copper conductors (PICC). These products are primarily used in the electrical and electronics industries.Powered by Capital Market - Live

Precision Wires India announced that the Board of Directors of the Company at its meeting held on 23 May 2026, inter alia, have recommended the final dividend of Rs 0.55 per equity Share (i.e. 55%) , subject to the approval of the shareholders.

Net profit of Precision Wires India rose 85.50% to Rs 54.87 crore in the quarter ended March 2026 as against Rs 29.58 crore during the previous quarter ended March 2025. Sales rose 66.71% to Rs 1743.46 crore in the quarter ended March 2026 as against Rs 1045.83 crore during the previous quarter ended March 2025. For the full year,net profit rose 72.45% to Rs 155.27 crore in the year ended March 2026 as against Rs 90.04 crore during the previous year ended March 2025. Sales rose 34.75% to Rs 5410.18 crore in the year ended March 2026 as against Rs 4014.83 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1743.461045.83 67 5410.184014.83 35 OPM %5.995.65 -5.714.65 - PBDT79.6345.68 74 236.47140.00 69 PBT72.2539.57 83 209.10120.37 74 NP54.8729.58 85 155.2790.04 72 Powered by Capital Market - Live

Precision Wires India will hold a meeting of the Board of Directors of the Company on 23 May 2026.

Precision Wires India  has received the BIS certification for manufacturing of copper wire rods in accordance with IS 12444 for its plant located in Valvada, Valsad, Gujarat. Commercial production/ dispatch of the above product is expected to start very soon before the end of this financial year. The above copper wire rods will be used for captive consumption.Powered by Capital Market - Live

The certification has been granted in accordance with IS 12444 standards, enabling the company to expand its manufacturing capabilities in copper wire rods. The company added that it is awaiting the formal certificate copy from the Bureau of Indian Standards. Precision Wires said commercial production and dispatch of the product are expected to commence before the end of the current financial year. The copper wire rods will be primarily used for captive consumption. Precision Wires India is engaged in the manufacturing of enamelled round and rectangular copper winding wires, continuously transposed conductors (CTC) and paper/mica/nomex insulated copper conductors (PICC). These products are primarily used in the electrical and electronics industries. The company's standalone net profit jumped 98.89% to Rs 37.69 crore on 36.55% increase in revenue from operations to Rs 1336.93 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

The company said the escalating tensions have begun to impact some of its domestic and overseas suppliers, leading to rising inflationary pressures across its supply chain. The company said that its export consignments to the Middle East have also been affected. To mitigate the impact, it is re-routing shipments and establishing alternative logistics channels, which may result in higher shipping costs and longer lead times. While company is diligently taking steps to monitor and mitigate these challenges, unforeseen risks and unavoidable circumstances may cause short-term fluctuations in the cost and availability of certain inputs. Precision Wires India is engaged in the manufacturing of enamelled round and rectangular copper winding wires, continuously transposed conductors (CTC) and paper/mica/nomex insulated copper conductors (PICC). These products are primarily used in the electrical and electronics industries. The company's standalone net profit jumped 98.89% to Rs 37.69 crore on 36.55% increase in revenue from operations to Rs 1336.93 crore in Q3 FY26 over Q3 FY25.Powered by Capital Market - Live

Profit before tax (PBT) surged 108.25% YoY to Rs 52.23 crore during the quarter. Total expenses rose 35.33% YoY to Rs 1,295.36 crore in Q3 FY26. Cost of material consumed stood at Rs 1,294.23 crore (up 41.3% YoY), employee benefit expenses was at Rs 14.32 crore (up 12.93% YoY) while finance cost was at Rs 16.06 crore (up 56.07% YoY) during the period under review. Meanwhile, the company's board approved availing of a new unsecured working capital facility from a CSB Bank for an aggregate amount of Rs 100 crore. Precision Wires India is engaged in the manufacturing of enamelled round and rectangular copper winding wires, continuously transposed conductors (CTC) and paper/mica/nomex insulated copper conductors (PICC). These products are primarily used in the electrical and electronics industries. The counter hit an all-time high at Rs 306 in intraday today.Powered by Capital Market - Live