Vidya Wires Limited has submitted to the Exchange, the audited financial results for the period ended March 31, 2026.
VIDYAWIRES · price
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Vidya Wires Limited reported strong full-year FY26 results with standalone revenue of ₹18,297.09 million, up 23.7% from ₹14,791.19 million in FY25. Standalone PAT grew 46.4% to ₹600.96 million (FY25: ₹410.54 million). The company raised ₹2,740 million via IPO in December 2025 and used ₹1,000 million to fully repay select borrowings, reducing total borrowings from ₹1,456 million to ₹853 million. Capital work-in-progress surged to ₹723.39 million (vs ₹34.72 million) due to investment in a new subsidiary project. However, operating cash flow turned negative at ₹-92.90 million, driven by large increases in trade receivables (₹2,028 million vs ₹1,423 million) and inventories (₹1,298 million vs ₹906 million). The auditor issued an unmodified (clean) opinion. The Company Secretary also resigned on May 12, 2026.
Strong topline and bottom-line growth is positive, but the negative operating cash flow and rising working capital needs raise concerns about cash conversion quality. The high receivables balance warrants monitoring.