Precision Wires Q1 profit jumps 71%, board okays Rs 150 cr CCD issue
PRECWIRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 5.2 pts less than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Precision Wires India Q1 FY27 revenue Rs 1,777 crore, up 60% YoY. PAT jumped 71% to Rs 46.5 crore vs Rs 27.1 crore; EPS Rs 2.54. Board approved 37.5 lakh 12% CCDs at Rs 400 each to raise Rs 150 crore for expansion and working capital. Silvassa capacity raised to 4,620 MT/PA at Rs 38 crore. CFO Mohandas Pai retired; Krina Parekh replaced him. Rs 200 crore unsecured line from IDFC First Bank.
Strong Q1 with 60% revenue and 71% PAT growth. CCD issue may dilute equity within 18 months. CFO transition and capex are positives.