Announcement under Regulation 30 (LODR) - Business Update for the Quarter & Nine Months Ended December 31, 2025 (Q3 & 9M FY26)
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CWD Ltd reported strong growth in Q3 FY26 with revenue from operations of approximately ₹41 crore, driven by higher execution in its Soundbox (fintech) and IoT solutions businesses. Cumulative revenue for 9M FY26 reached ~₹81 crore, already about 2.5x the entire FY25 revenue of ₹33 crore. The company commissioned a new integrated manufacturing facility from January 1, 2026, expanding manufacturing capacity by approximately 3.7x and enabling daily Soundbox production of up to 15,000 units. Order book stands strong at over ₹200 crore, giving 12–18 months of revenue visibility across Soundbox, CNIC (smart meter communication), WMS, and IoT verticals. Management expects Q4 FY26 revenue to be higher than Q3 and H2 FY26 to be materially stronger than H1 FY26, aided by full-capacity utilization, operating leverage, and reduced material costs from direct OEM sourcing.
Strong revenue ramp-up, large order book, and capacity expansion signal significant growth momentum for shareholders, likely to be viewed positively by the market. Forward guidance of Q4 being higher than Q3 and H2 stronger than H1 indicates improving earnings trajectory, though numbers remain subject to limited review by statutory auditors.