Precision Wires revenue rises 59% and profit gains 22%

Precision Wires India Limited reported standalone total revenue of Rs 1,972.01 crore for the quarter ended 30 September 2026, up 59% year on year, while profit for the period increased 22% to Rs 43.38 crore. Raw-material consumption rose 70% to Rs 1,887.81 crore and finance cost increased to Rs 33.18 crore.

How did Precision Wires perform in the September 2026 quarter?

Precision Wires recorded total revenue of Rs 1,972.01 crore in the quarter ended 30 September 2026, compared with Rs 1,237.40 crore in the quarter ended 30 September 2025. Revenue from operations was Rs 1,950.01 crore, while other operating income was Rs 22 crore. The reported total revenue increase was about 59% from the corresponding quarter.

Profit before tax increased to Rs 59.56 crore from Rs 48.42 crore a year earlier, while profit for the period rose to Rs 43.38 crore from Rs 35.61 crore. Earnings per share, or EPS, increased to Rs 2.37 from Rs 1.98. The company stated that quarterly EPS was not annualised.

Why did Precision Wires profit grow slower than revenue?

Precision Wires' raw-material consumption increased to Rs 1,887.81 crore in the September 2026 quarter from Rs 1,109.97 crore a year earlier, an increase of about 70%. This was the largest expense line in both periods and rose faster than the company's approximately 59% increase in total revenue.

Finance cost rose to Rs 33.18 crore from Rs 15.11 crore, while depreciation and amortisation expense increased to Rs 9.37 crore from Rs 6.79 crore. Other expenses rose to Rs 41.96 crore from Rs 28.66 crore, and employee-benefit expense increased to Rs 15.70 crore from Rs 14.40 crore. These reported cost movements coincided with profit growth trailing sales growth.

Changes in inventories of finished goods, work in progress and stock in trade produced a credit of Rs 91.58 crore in the September 2026 quarter, compared with an expense of Rs 3.43 crore in the September 2025 quarter. Power and fuel expense rose to Rs 12.72 crore from Rs 10.59 crore, while the total of reported expenses was Rs 1,912.45 crore, compared with Rs 1,188.97 crore a year earlier.

How did Precision Wires compare with the preceding quarter?

Precision Wires' total revenue increased from Rs 1,779.24 crore in the quarter ended 30 June 2026 to Rs 1,972.01 crore in the September 2026 quarter. Revenue from operations rose from Rs 1,770.48 crore to Rs 1,950.01 crore, and other operating income increased from Rs 8.75 crore to Rs 22 crore.

Profit for the period declined from Rs 46.45 crore in the June 2026 quarter to Rs 43.38 crore in the September quarter, despite the increase in revenue. Profit before tax fell from Rs 61.88 crore to Rs 59.56 crore, while finance cost rose from Rs 14.48 crore to Rs 33.18 crore. Raw-material consumption increased from Rs 1,770.37 crore to Rs 1,887.81 crore over the same comparison.

For the half year ended 30 September 2026, total revenue was Rs 3,751.26 crore, compared with Rs 2,352.97 crore in the half year ended 30 September 2025. Profit for the period increased to Rs 89.83 crore from Rs 62.69 crore, and half-year EPS rose to Rs 4.91 from Rs 3.48.

What do Precision Wires cash flow and balance sheet show?

Precision Wires reported net cash from operating activities of Rs 64.25 crore for the half year ended 30 September 2026. Cash generated from operations was Rs 88.25 crore before direct taxes paid of Rs 24 crore. Net cash generated in investing activities was Rs 78.33 crore, while financing activities generated Rs 166.93 crore.

Cash and cash equivalents stood at Rs 423.84 crore on 30 September 2026, compared with Rs 114.31 crore on 1 April 2026. Financing cash flow included Rs 150 crore in proceeds from 12% compulsorily convertible debentures, or CCDs, and Rs 74.34 crore in net proceeds from term borrowings. Financial charges paid during the half year were Rs 47.35 crore.

Total assets rose to Rs 2,785.42 crore on 30 September 2026 from Rs 2,249.21 crore on 31 March 2026. Inventories increased to Rs 735.41 crore from Rs 445.98 crore, while trade receivables rose to Rs 936.40 crore from Rs 925.40 crore. Current borrowings were Rs 176.69 crore and non-current borrowings were Rs 191.10 crore at 30 September 2026.

What capital and shareholder actions did Precision Wires approve?

Precision Wires declared an interim dividend of Rs 0.35 per fully paid equity share of face value Rs 1 on 6 November 2026. The record date is 13 November 2026, and the company said the dividend would be paid on or before 6 December 2026. The board approved the unaudited quarterly and half-year results at its meeting on 6 November 2026.

The board also approved additional secured working-capital facilities of Rs 135 crore from HDFC Bank Limited and Rs 75 crore from Kotak Mahindra Bank Limited. The filing says secured lenders will rank pari passu, meaning they will rank equally in respect of security interests. Precision Wires also approved a renewable-energy power purchase agreement under a group captive consumption model, with aggregate investment of up to Rs 5 crore.

On 25 September 2026, Precision Wires allotted 37.50 lakh 12% CCDs with face value of Rs 400 each, aggregating to Rs 150 crore. The filing says the CCDs are compulsorily convertible into equity shares in a 1:1 ratio at the investor's option after 12 months but before 18 months from allotment. Shareholders approved the issue on 5 September 2026, followed by in-principle stock-exchange approval.

Conclusion

Precision Wires' September-quarter results show that revenue growth of about 59% translated into a 22% increase in profit for the period. The difference reflected the reported increase in raw-material consumption to Rs 1,887.81 crore and the rise in finance cost to Rs 33.18 crore, while sequential profit declined from the June 2026 quarter despite higher revenue.

The next disclosed dates are the 13 November 2026 dividend record date and payment of the Rs 0.35 interim dividend on or before 6 December 2026. Other matters to watch are the use of Rs 210 crore in newly approved working-capital facilities, the renewable-energy agreement with investment of up to Rs 5 crore, and the CCD conversion window beginning 12 months after the 25 September 2026 allotment.