Plaza Wires Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
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Plaza Wires Limited announced its Q3 FY26 and 9M FY26 unaudited financial results, approved at the board meeting on February 13, 2026. Revenue from operations for Q3 FY26 stood at approximately Rs 206.5 crores, up about 42% year-on-year from Rs 145.3 crores in Q3 FY25. For the nine months ended December 2025, revenue grew around 20% YoY to roughly Rs 702.1 crores (vs Rs 584.1 crores in 9M FY25). Profit after tax for 9M FY26 was about Rs 43.8 crores (implied from EPS), reflecting strong YoY earnings growth of over 50%. The statutory auditor issued an unmodified limited review conclusion but drew attention to a GST demand of Rs 115.1 million (tax plus penalty) from February 2025, which the company is contesting in appeal. The company also flagged the impact of new Labour Codes effective November 21, 2025, with a small additional provision of Rs 2.5 million made for gratuity and leave encashment.
Strong revenue and profit growth in both Q3 and 9M FY26 is positive for shareholders, suggesting healthy demand and improving margins. However, the Rs 115.1 million GST demand remains a material overhang; while the company is appealing, an adverse ruling could hit earnings. Overall, results are favorable but the GST litigation warrants close monitoring.