Plaza Wires Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Awaiting price reaction for this filing.
Plaza Wires Limited reported unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs. 53.72 crore, down from Rs. 65.36 crore in the same quarter last year, a decline of about 18%. Despite the revenue drop, profit after tax rose sharply to Rs. 1.61 crore from Rs. 0.69 crore in Q1 FY25, with basic EPS improving to Rs. 0.65 from Rs. 0.25. The company has received a GST demand order of Rs. 11.51 crore (including Rs. 5.76 crore penalty) from Central GST authorities, against which it has filed an appeal. The Board also appointed M/s Deepak Mittal & Co. as Cost Auditor for FY26 and M/s Sarika Jain & Associates as Secretarial Auditor for five years from FY26 to FY30. Statutory auditor issued an unmodified limited review report, though drew attention to the GST matter as an emphasis of matter.
Mixed signals for shareholders: lower top-line is a concern, but improved margins and PAT growth show better cost management. The Rs. 11.51 crore GST demand is a key overhang, and its outcome could materially impact future earnings. Stock may react to the PAT beat but remain cautious on the pending litigation.