Outcome of Board Meeting dated 23.05.2026 - Audited Results for the Quarter and Year ended 31.03.2026
PRECWIRE · price
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Precision Wires India Ltd reported strong full-year results for FY26. Total revenue grew 35% to Rs. 5,46,343 Lakhs from Rs. 4,03,562 Lakhs in FY25. Profit after tax surged 72% to Rs. 15,527 Lakhs, while EPS improved from Rs. 5.04 to Rs. 8.58. The Board declared a final dividend of Rs. 0.55 per share (55%), adding to two interim dividends of Rs. 0.35 each already paid, totaling 125% dividend for the year. The company expanded working capital facilities by adding Axis Bank as a fourth secured lender (Rs. 350 Cr) and securing an unsecured facility of Rs. 190 Cr from RBL Limited. Capital work-in-progress increased significantly to Rs. 18,298 Lakhs from Rs. 3,004 Lakhs, indicating major expansion. Trade receivables grew 66% to Rs. 92,541 Lakhs. The statutory auditor issued an unmodified opinion with no qualifications.
The company delivered robust double-digit growth in both revenue and profitability, which is positive for shareholders. However, the significant increase in finance costs (up 56%) and trade receivables (up 66%) warrants monitoring. The heavy capex investment signals expansion but may pressure near-term cash flows.