Plaza Wires Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Plaza Wires Limited reported standalone audited results for FY2026. Revenue from operations grew to ₹3,180.58 lakh from ₹2,781.75 lakh in FY2025 — a ~14.3% increase. However, profit after tax (PAT) fell sharply to ₹18.02 lakh from ₹73.65 lakh in the prior year, a ~75.5% decline, indicating margin compression. EBITDA margin is thin at under 1% of revenue. The auditor issued an unmodified opinion (clean audit), but included an Emphasis of Matter on a pending GST/central excise demand of ₹11.51 crore (including ₹5.75 crore tax and ₹5.76 crore penalty) upheld by the Commissioner (Appeals), which the company plans to challenge further. No exceptional items were reported. The company also appointed new Internal Auditor (BARS & Co.) and Cost Auditor (Deepak Mittal & Co.) for FY2026-27.
Revenue grew but profitability collapsed significantly year-on-year, with PAT down ~75%. The contingent GST liability of ₹11.51 crore and thin margins are red flags for investors, though the clean audit opinion and ongoing legal challenge provide some comfort.