Kritika Wires Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Kritika Wires Limited reported audited financial results for FY2026 with revenue from operations of Rs. 69,431.87 lakh. The company saw a significant decline in profitability with Profit Before Tax dropping to Rs. 733.90 lakh from Rs. 1,480.24 lakh in FY2025 (a 50% decline). Profit after tax fell to Rs. 619.42 lakh compared to Rs. 1,013.48 lakh in the previous year. Revenue also declined from Rs. 76,035.50 lakh total income in FY25 to Rs. 69,795.90 lakh in FY26. The company reported negative operating cash flow for the year after adjusting for working capital changes, with cash and cash equivalents declining to Rs. 58.60 lakh from Rs. 333.06 lakh. The Board approved re-appointment of key management personnel including the Managing Director and Whole-time Directors, appointed a new Independent Director, and approved forex transactions with Axis Bank. Auditors issued an unmodified opinion on the financial results.
The 50% decline in profitability and revenue contraction are significant concerns for investors. The sharp drop in cash reserves despite positive operating cashflow suggests potential working capital or financing pressures. The appointment of a new Chartered Accountant as Independent Director and renewal of management appointments indicate continuity but the financial underperformance requires monitoring.