Pursuant to Regulation 30 & 33 of SEBI LODR Regulations 2015 please find attached the results for the quarter ended 30th June 2025.
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Wires & Fabriks reported its Q1 FY26 results with revenue from operations of Rs 2,794.78 lacs, up about 9.8% from Rs 2,544.47 lacs in the same quarter last year. However, profit before tax crashed to just Rs 3.33 lacs versus Rs 21.82 lacs a year ago, a fall of roughly 85%. Net profit came in at a marginal Rs 1.21 lacs (EPS Rs 0.04) compared with Rs 7.49 lacs (EPS Rs 0.25) in Q1 FY25. The sharp drop in profitability was driven by a near doubling of finance costs (Rs 266.82 lacs vs Rs 127.93 lacs) and a steep rise in depreciation (Rs 350.94 lacs vs Rs 235.76 lacs). The statutory auditor, Jain Shrimal & Co., issued an unqualified limited review report.
Despite top-line growth, the sharp jump in finance and depreciation costs has squeezed bottom-line earnings to near-negligible levels — a negative signal for shareholders as profitability has deteriorated meaningfully versus the year-ago quarter.