The Board of Directors at their meeting held today i.e. on 29th May, 2026 have approved the audited standalone financial results for the quarter and year ended 31st March, 2026.
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Shalimar Wires Industries Ltd reported strong profit growth for FY2026 with net profit before tax of Rs. 581.98 lakhs, up 148.5% from Rs. 234.12 lakhs in the previous year. Operating cash flow decreased to Rs. 2,907.96 lakhs from Rs. 4,674.00 lakhs in FY2025. The company recorded exceptional items of Rs. 187.61 lakhs (expense) compared to Rs. 35.87 lakhs (income) previously. Cash and cash equivalents improved to Rs. 952.99 lakhs from Rs. 667.04 lakhs. Statutory auditors Khandelwal Ray & Co. issued an unmodified (clean) opinion on the financial results. Contingent liabilities stand at approximately Rs. 1,412.75 lakhs including income tax and government duty claims under appeal.
The company delivered robust profit growth which is positive for shareholders, though the decline in operating cash flow and substantial contingent liabilities warrant monitoring. The clean audit opinion provides assurance on financial reporting quality.