Precision Wires Q3FY26: ₹100 Cr Line, ₹0.35 Dividend

What the board cleared on 14 February 2026

Precision Wires India Limited (PWIL) said its Board of Directors approved an unsecured working capital facility of ₹100 crore from CSB Bank Limited at a meeting held on February 14, 2026. The company disclosed that the facility will be availed on mutually agreed terms and conditions between PWIL and the bank. The update was made under SEBI Regulation 30, which companies use to report material events to exchanges. The working capital line adds to a wider set of banking arrangements the company has announced across quarters. For investors, the disclosure matters because it signals how PWIL is lining up liquidity alongside expansion and higher operating scale.

Q3FY26 performance: revenue and profit snapshot

In the same set of announcements dated February 14, 2026, PWIL reported strong Q3FY26 results. Revenue from operations was reported at ₹1,33,693.52 lakh, which is ₹1,336.94 crore in normalized terms. Net profit for the quarter was ₹3,769.57 lakh, or ₹37.70 crore. The company said these figures showed significant growth compared with the previous year, though it did not provide the base period numbers in the supplied disclosure text. The Q3 update added another data point to a sequence of recent quarterly results referenced in market coverage. The combination of higher reported revenue and positive profitability helped frame the board’s parallel decisions on dividends, capex, and funding.

Dividend declared: ₹0.35 per share and record date

PWIL’s board declared a second interim dividend of ₹0.35 per equity share. The record date for this dividend was set as February 19, 2026. Separately, the company has also been reported to have declared a 35% dividend of ₹0.35 per equity share of face value ₹1, with a record date of November 18, 2025. Another disclosure referenced a “final dividend” of 35% for FY 2025-26, payable by December 11, 2025, again tied to the November 18, 2025 record date. Across these disclosures, the per-share dividend amount referenced is ₹0.35, and the key point for shareholders is that eligibility depends on being on the register as of the specified record date.

Expansion plans and capacity additions highlighted with Q3

Alongside the Q3FY26 results, PWIL stated that it approved major capacity expansion projects totaling 7,870 MT per annum. The company did not provide project-wise locations or timelines in the February 14, 2026 extract provided, but the capacity figure indicates a meaningful increase relative to typical incremental debottlenecking projects. In earlier disclosures, PWIL also referenced other expansion and modernization initiatives, including a Silvassa project planned for implementation during 2026 at an estimated cost of ₹37 crore. That Silvassa project was described as adding approximately 4,400 MT per annum by Q4 2026-27, with the overall installed capacity then expected to be about 65,400 MT per year. Taken together, the announcements show a pattern of capacity-driven planning supported by higher working capital and banking limits.

Borrowing limits raised to fund growth initiatives

PWIL said its borrowing limit was increased from ₹2,500 crore to ₹4,000 crore to support growth initiatives. The disclosure frames the borrowing limit change as part of a broader funding plan, which also includes incremental working capital lines from banks. In earlier coverage dated May 17, 2025, PWIL had reported increasing its borrowing limit from ₹1,500 crore to ₹2,500 crore. These step-ups in limits provide context for the company’s funding runway as it scales operations and executes approved expansions.

Banking lines beyond CSB: ₹360 crore working capital and ₹457.20 crore fresh facilities

In the Q3FY26 update, PWIL also reported securing additional working capital facilities worth ₹360 crore from multiple banks. The disclosure did not list bank-wise splits for the ₹360 crore figure in the supplied text.

Separately, another company update described fresh banking facilities totaling ₹457.20 crore from ICICI Bank, Kotak Mahindra Bank, and DBS Bank India. The same disclosure provided the following breakdown:

The disclosure also noted that DBS Bank India’s fresh unsecured facilities increased DBS’s total unsecured facilities to ₹175 crore, and that Kotak’s sanction made it the company’s third secured lender with total secured facilities at ₹282 crore. These additions sit alongside the newly approved ₹100 crore unsecured working capital facility from CSB Bank.

Earlier quarter context: Q2 and Q4 results referenced in coverage

For Q2 performance, a separate report said PWIL’s net profit rose 84% to ₹35.60 crore and revenue grew 15.4% to ₹1,200 crore. It also cited EBITDA of ₹58.90 crore and an EBITDA margin of 4.8% for the quarter. For Q4, another report cited revenue of ₹1,046 crore, EBITDA of ₹50.60 crore, and net profit of ₹29.60 crore year-on-year, alongside an EBITDA margin improvement to 4.8%. The same Q4 report noted the stock moved up 10.11% to ₹182.60 following the results, and later traded 6.15% higher at ₹176.03 as of 10:01 a.m.

Market impact: what changes for investors to track

The immediate market relevance of the February 14 disclosures is two-fold: liquidity and shareholder payouts. The ₹100 crore CSB working capital facility and the separate mention of ₹360 crore additional working capital facilities show a focus on funding operating needs as volumes scale. The borrowing limit increase to ₹4,000 crore provides further headroom, though it does not automatically imply full utilisation. On the shareholder side, the ₹0.35 interim dividend with a February 19, 2026 record date is a near-term corporate action with clear eligibility criteria.

Why the event matters: tying funding, capex, and scale

PWIL’s announcements link three operational levers commonly watched in manufacturing businesses: capacity, working capital, and banking lines. Capacity additions typically require both capex and higher ongoing working capital to support inventory and receivables as throughput grows. The company’s repeated disclosures on incremental facilities and limit enhancements provide an observable funding trail alongside expansion approvals. The SEBI Regulation 30 disclosure framing also signals that the company considers these credit lines and board decisions material for public investors.

Key facts at a glance

Conclusion

Precision Wires India’s February 14, 2026 board disclosures combined Q3FY26 financial performance, a ₹0.35 per share second interim dividend, and a new ₹100 crore unsecured working capital facility from CSB Bank. The company also highlighted capacity expansion approvals and a higher borrowing limit to ₹4,000 crore, alongside other recently announced banking lines. The next immediate watchpoint for shareholders is the February 19, 2026 record date for the interim dividend, while investors will also track how the expanded facilities are utilised against the company’s stated growth and capacity plans.