Precision Wires India Limited has informed the Exchange regarding Board meeting held on August 09, 2025.
PRECWIRE · price
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Awaiting price reaction for this filing.
Precision Wires India reported Q1 FY26 revenue from operations of ₹1,103.5 crore, up about 16% from ₹952.1 crore in Q1 FY25, with profit after tax rising roughly 22% to ₹27.1 crore versus ₹22.2 crore last year. EPS stood at ₹1.52 compared to ₹1.24 in the year-ago quarter, and operating profit before tax margin expanded on the back of higher revenue and better absorption of fixed costs. The board approved an additional ₹33 crore project cost for copper rod capacity expansion at Zaroli (₹28 crore) and Valvada (₹5 crore), and cleared a new ₹37 crore expansion and modernization project at Silvassa to be implemented in 2026. The Silvassa project will add about 4,400 metric tonnes per annum of capacity by Q4 FY27, lifting total installed capacity to roughly 65,400 MT per year. The statutory auditor S. R. Divatia & Co. issued an unqualified limited review report with no qualifications.
Strong double-digit revenue and profit growth along with EBITDA margin expansion indicate healthy operating momentum and could be viewed positively by the market. The combined ~₹70 crore capex plan signals management confidence in demand, but near-term free cash flows and return ratios may come under some pressure as the projects ramp up.