Plaza Wires September revenue rises 58% to Rs 117.03 crore

Plaza Wires Limited reported revenue from operations of Rs 117.03 crore for the quarter ended September 30, 2026, up 57.9% from Rs 74.11 crore a year earlier, while profit after tax increased to Rs 4.74 crore from Rs 1.52 crore. The board approved the unaudited results on November 13, 2026.

What did Plaza Wires report for the September 2026 quarter?

Plaza Wires reported higher revenue, pre-tax profit and net profit in the September 2026 quarter. Revenue from operations rose to Rs 117.03 crore from Rs 74.11 crore in the quarter ended September 30, 2025, while total income, including other income, increased to Rs 117.07 crore from Rs 74.16 crore.

Profit before tax rose to Rs 6.44 crore from Rs 0.78 crore in the year-earlier quarter, and profit after tax rose to Rs 4.74 crore from Rs 1.52 crore. Basic earnings per share increased to Rs 1.08 from Rs 0.11. The company reported no exceptional items in either quarter.

Plaza Wires also increased sequentially from the June 2026 quarter, when revenue from operations was Rs 90.24 crore and profit after tax was Rs 4.50 crore. September-quarter total income was Rs 26.72 crore higher than in June, while profit before tax increased by Rs 0.41 crore.

The September results were reviewed by the audit committee and approved by the board on November 13, 2026. The statutory auditor issued a limited-review conclusion under Indian Accounting Standard 34, Interim Financial Reporting, stating that nothing had come to its attention indicating a material misstatement in the interim financial results.

How did Plaza Wires' costs and profitability change?

Plaza Wires' total expenses rose more slowly than revenue in the September 2026 quarter. Total expenses increased to Rs 110.63 crore from Rs 71.94 crore a year earlier, a rise of Rs 38.69 crore, compared with a Rs 42.92 crore increase in revenue from operations over the same period.

Cost of materials consumed, the largest disclosed cost line, rose to Rs 94.18 crore from Rs 62.20 crore. Employee benefit expense increased to Rs 3.89 crore from Rs 3.62 crore, while depreciation and amortisation increased to Rs 0.95 crore from Rs 0.74 crore in the September 2025 quarter.

Other expenses declined to Rs 8.14 crore from Rs 8.86 crore year on year, and finance costs fell to Rs 0.71 crore from Rs 0.73 crore. However, finance costs were below the Rs 1.07 crore recorded in the June 2026 quarter, when Plaza Wires reported Rs 90.24 crore of revenue from operations.

Changes in inventories of finished goods, work in progress and stock in trade were an expense of Rs 2.17 crore in the September 2026 quarter. In the September 2025 quarter, the same line was a negative Rs 2.17 crore, showing that the inventory movement differed materially even as materials consumption increased by Rs 31.98 crore.

What do Plaza Wires' half-year results and cash flows show?

Plaza Wires reported revenue from operations of Rs 207.26 crore for the half year ended September 30, 2026, compared with Rs 140.07 crore in the corresponding 2025 half year. Half-year profit before tax rose to Rs 12.46 crore from Rs 2.24 crore, while profit after tax increased to Rs 9.24 crore from Rs 1.60 crore.

The six-month result included materials consumed of Rs 173.64 crore, other expenses of Rs 18.08 crore and finance costs of Rs 1.77 crore. In the corresponding half year, materials consumed were Rs 115.91 crore, other expenses were Rs 15.34 crore and finance costs were Rs 1.39 crore.

Plaza Wires generated net cash inflow from operating activities of Rs 13.44 crore in the six months ended September 30, 2026, compared with a net outflow of Rs 3.37 crore in the corresponding prior-year period. Cash generated from operations was Rs 15.36 crore, from which income taxes paid were Rs 2.93 crore.

The operating cash movement included a Rs 25.69 crore decrease in trade receivables, offset partly by a Rs 18.45 crore increase in inventories and a Rs 7.00 crore increase in other current assets. Investing activities used Rs 3.41 crore, including Rs 2.81 crore spent on property, plant and equipment and Rs 0.90 crore added to capital work in progress.

What balance-sheet changes and GST matter did Plaza Wires disclose?

Plaza Wires reported total assets of Rs 184.60 crore as of September 30, 2026, compared with Rs 182.72 crore as of March 31, 2025, as labelled in the filing. Inventories increased to Rs 60.86 crore from Rs 42.41 crore, while trade receivables declined to Rs 49.91 crore from Rs 75.93 crore.

Total equity was Rs 138.81 crore at September 30, 2026, compared with Rs 129.57 crore at the earlier reported date. Non-current borrowings rose to Rs 5.67 crore from Rs 0.76 crore, while current borrowings declined to Rs 18.27 crore from Rs 31.32 crore.

Plaza Wires disclosed an appeal before the Goods and Services Tax Appellate Tribunal, Chandigarh, filed on June 23, 2026. The appeal concerns an aggregate Rs 11.51 crore matter, including a Rs 5.75 crore tax demand and a Rs 5.76 crore penalty, following an Order-in-Appeal dated February 20, 2026.

Management said it reasonably expects a favourable outcome based on its reassessment and external expert advice. The auditor drew attention to the goods and services tax credit matter, stating that the ultimate outcome will be known on disposal of the case, while leaving its limited-review conclusion unmodified.

Conclusion

Plaza Wires' September-quarter results show revenue rising to Rs 117.03 crore and profit after tax reaching Rs 4.74 crore, compared with Rs 74.11 crore and Rs 1.52 crore respectively a year earlier. The first-half figures also showed Rs 13.44 crore of operating cash inflow after a Rs 3.37 crore outflow in the corresponding prior-year period.

The disclosed event to watch is disposal of the Rs 11.51 crore appeal at the Goods and Services Tax Appellate Tribunal, Chandigarh, which Plaza Wires filed on June 23, 2026. Future results will also show whether the September-quarter pattern of revenue rising faster than total expenses continues alongside the Rs 18.45 crore first-half inventory increase.