DP Wires Q2 profit reaches Rs 4.50 crore as costs fall

DP Wires Limited reported profit after tax of Rs 4.50 crore for the quarter ended September 30, 2026, versus Rs 1.20 crore a year earlier, as total expenses fell to Rs 122.17 crore from Rs 131.01 crore. First-half profit after tax rose to Rs 9.04 crore from Rs 4.79 crore.

What did DP Wires report for the September 2026 quarter?

DP Wires reported Rs 4.50 crore of profit after tax for the quarter ended September 30, 2026, compared with Rs 1.20 crore for the quarter ended September 30, 2025. Profit before tax was Rs 6.11 crore, up from Rs 1.69 crore, while total tax expense increased to Rs 1.61 crore from Rs 0.50 crore.

The September-quarter profit was below the Rs 4.74 crore reported for the quarter ended June 30, 2026. Profit before tax also declined from Rs 6.36 crore in the June quarter to Rs 6.11 crore in the September quarter, while basic earnings per share were Rs 2.90, compared with Rs 3.08 in the preceding quarter and Rs 0.77 a year earlier.

DP Wires’ half-year profit after tax was Rs 9.04 crore for the period ended September 30, 2026, against Rs 4.79 crore in the corresponding 2025 period. Half-year profit before tax rose to Rs 12.47 crore from Rs 6.57 crore, and total comprehensive income increased to Rs 9.28 crore from Rs 4.81 crore.

How did DP Wires’ income and costs change?

DP Wires’ revenue from operations declined to Rs 122.71 crore in the September 2026 quarter from Rs 129.94 crore a year earlier and Rs 130.59 crore in the June 2026 quarter. Total income, including other income and wind-energy revenue, was Rs 128.28 crore, down from Rs 132.71 crore in the year-earlier quarter.

DP Wires recorded total expenses of Rs 122.17 crore, Rs 8.84 crore below the Rs 131.01 crore reported a year earlier. This reduction was greater than the Rs 4.43 crore year-on-year decline in total income, resulting in profit before tax of Rs 6.11 crore compared with Rs 1.69 crore in the September 2025 quarter.

Material-consumption cost fell to Rs 50.89 crore from Rs 69.95 crore, while manufacturing and operating costs declined to Rs 5.31 crore from Rs 6.89 crore. Purchases of stock-in-trade moved the other way, increasing to Rs 62.58 crore from Rs 47.86 crore; finance costs were Rs 0.43 crore, against Rs 0.26 crore a year earlier.

For the half year ended September 30, 2026, revenue from operations was Rs 253.28 crore, compared with Rs 255.81 crore in the corresponding period of 2025. Total income increased to Rs 262.04 crore from Rs 261.05 crore, while total expenses decreased to Rs 249.57 crore from Rs 254.47 crore.

Which DP Wires segments contributed to the quarter?

DP Wires’ Wire Division remained its largest disclosed operating segment, reporting revenue of Rs 64.00 crore for the September 2026 quarter. Trading, presented as Others in the segment statement, reported Rs 58.67 crore, while Electric Energy through Wind Mill Division generated Rs 0.33 crore and the Plastics Division generated Rs 0.05 crore.

Wire Division revenue declined from Rs 81.91 crore in the September 2025 quarter and Rs 87.00 crore in the June 2026 quarter. In contrast, trading revenue increased from Rs 47.69 crore a year earlier and Rs 32.77 crore in the preceding quarter, changing the reported mix of segment sales.

The Wire Division’s segment result was Rs 12.83 crore, compared with Rs 10.83 crore in the year-earlier quarter. Trading reported a segment result of Rs 2.72 crore against Rs 0.32 crore, while the wind-energy business reported Rs 0.31 crore against Rs 0.09 crore.

The combined segment result was Rs 15.91 crore in the September 2026 quarter, compared with Rs 11.28 crore a year earlier. After finance cost of Rs 0.43 crore and other unallocable expenditure, net of unallocable income, of Rs 9.37 crore, DP Wires reported profit before tax of Rs 6.11 crore.

What changed in DP Wires’ balance sheet?

DP Wires reported total assets of Rs 344.42 crore as of September 30, 2026, compared with Rs 288.56 crore at March 31, 2026. Total equity rose to Rs 275.28 crore from Rs 266.02 crore, while total current assets increased to Rs 182.67 crore from Rs 147.46 crore.

Loans classified as non-current financial assets stood at Rs 129.72 crore at September 30, 2026, compared with Rs 109.90 crore at March 31, 2026. Trade receivables rose to Rs 71.24 crore from Rs 61.92 crore, while cash and cash equivalents fell to Rs 18.62 crore from Rs 29.48 crore.

Current borrowings were Rs 36.65 crore at September 30, 2026, compared with Rs 1.95 crore at the March 2026 year-end. Total current liabilities were Rs 67.05 crore, up from Rs 21.92 crore, while non-current liabilities were Rs 2.09 crore compared with Rs 0.62 crore.

The reported balance-sheet expansion included investment property of Rs 13.99 crore, unchanged from March 31, 2026, and property, plant and equipment of Rs 9.12 crore, up from Rs 7.63 crore. Other current assets decreased to Rs 47.33 crore from Rs 53.49 crore over the same six-month period.

What do DP Wires’ first-half cash flows show?

DP Wires used Rs 18.70 crore in operating activities during the half year ended September 30, 2026, compared with cash generated from operations of Rs 28.09 crore for the year ended March 31, 2026. The half-year operating cash outflow followed an Rs 22.45 crore adverse movement in working capital after operating profit before working-capital changes of Rs 7.11 crore.

Trade receivables absorbed Rs 19.83 crore of cash and other current assets absorbed Rs 19.33 crore during the half year. Trade payables provided Rs 6.15 crore and short-term provisions provided Rs 10.42 crore, but these inflows did not offset the reported working-capital movements and direct taxes paid of Rs 3.36 crore.

Investing activities used Rs 27.65 crore during the half year, including Rs 19.81 crore of movement in investments and Rs 2.43 crore spent on property, plant and equipment. Financing activities generated Rs 35.49 crore, and the cash-flow statement records Rs 34.70 crore from short-term borrowings.

Cash and cash equivalents consequently decreased by Rs 10.86 crore during the half year, from Rs 29.48 crore at the beginning of the year to Rs 18.62 crore at September 30, 2026. DP Wires prepared the cash-flow statement using the indirect method under Indian Accounting Standard 7, which covers statements of cash flows.

Conclusion

DP Wires’ September-quarter results show that profit rose year on year despite lower revenue because the decline in expenses exceeded the reduction in total income. The Wire Division remained the largest disclosed segment at Rs 64.00 crore of revenue, while trading revenue increased to Rs 58.67 crore and first-half profit after tax reached Rs 9.04 crore.

The filing does not disclose an earnings target, financial guidance, expansion plan or scheduled operating event. The next financial results will indicate whether Wire Division revenue recovers from Rs 64.00 crore and whether the September 2026 increase in current borrowings to Rs 36.65 crore, alongside operating cash use of Rs 18.70 crore, persists.