Outcome of the Board Meeting
VIDYAWIRES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 2.0 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Vidya Wires Ltd reported strong FY2026 results with consolidated revenue from operations of Rs 18,396.39 million, up 24.2% from Rs 14,807.72 million in FY2025. Net profit grew 42.2% to Rs 576.55 million from Rs 405.58 million. EBITDA margin expanded slightly from 4.6% to 5.1%. The company listed on BSE and NSE in December 2025 via an IPO raising Rs 3,000.05 million. IPO proceeds are being used for capex in subsidiary (Rs 939.60 million of Rs 1,400 million allocated), debt repayment (fully used Rs 1,000 million), and general corporate purposes (Rs 331 million of Rs 340 million). The Board accepted resignation of Mr. Alpesh Makwana as Company Secretary and Compliance Officer effective May 12, 2026. Capital work in progress increased significantly from Rs 34.72 million to Rs 723.39 million indicating expansion activity.
Positive earnings growth with 42% PAT increase is encouraging, but negative operating cash flow of Rs 92.90 million despite strong profits warrants attention. High working capital usage (trade receivables up Rs 604.6 million) and inventory buildup are concerns. The resignation of the Company Secretary may create short-term compliance gaps.