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D P Wires Q2 FY27 results: net profit ₹4.50 crore vs ₹1.20 crore, revenue down 5.6%
D P Wires Limited reported standalone revenue of ₹122.71 crore and a net profit of ₹4.50 crore for Q2 FY27. Revenue fell 5.6% from Q2 FY26, while net profit rose 275.0% and EBITDA margin improved 1.2 percentage points to 1.2%.
Key points
- Revenue was ₹122.71 crore in Q2 FY27, down ₹7.23 crore or 5.6% from Q2 FY26 and ₹7.86 crore or 6.0% from Q1 FY27.
- EBITDA was ₹1.49 crore, up ₹1.47 crore from Q2 FY26, with the margin rising 1.2 percentage points to 1.2%.
- Net profit was ₹4.50 crore, up ₹3.30 crore or 275.0% from Q2 FY26, and basic EPS was ₹2.90 against ₹0.77.
- For H1 FY27, revenue was ₹253.28 crore, down 1.0%, while profit before tax rose 89.8% to ₹12.47 crore and net profit rose 92.9% to ₹9.24 crore.
- At 30 September 2026, total assets were ₹344.42 crore, total equity ₹275.28 crore, borrowings ₹38.34 crore and cash ₹18.62 crore.
How did D P Wires perform in Q2 FY27?
D P Wires reported standalone revenue of ₹122.71 crore for Q2 FY27, against ₹129.94 crore in Q2 FY26 and ₹130.57 crore in Q1 FY27. Revenue fell 5.6% year on year and 6.0% sequentially, while total income was ₹128.28 crore, down 3.3% and 4.1%, respectively.
EBITDA rose to ₹1.49 crore from ₹0.02 crore in Q2 FY26, while the margin increased 1.2 percentage points to 1.2%. It fell from ₹3.83 crore in Q1 FY27 and the margin declined 1.7 percentage points from 2.9%.
Profit before tax was ₹6.11 crore, up ₹4.42 crore from Q2 FY26 but down ₹0.25 crore from Q1 FY27. Net profit was ₹4.50 crore, up ₹3.30 crore or 275.0% year on year and down ₹0.24 crore or 5.1% sequentially; basic EPS was ₹2.90, against ₹0.77 and ₹3.06, respectively. Consolidated figures were not given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 122.71 | 130.57 | 129.94 | −5.6% | −6.0% |
| Other income | 5.57 | 3.19 | 2.76 | +101.8% | +74.6% |
| Total expenses | 122.17 | 127.40 | 131.01 | −6.7% | −4.1% |
| EBITDA | 1.49 | 3.83 | 0.02 | +7350.0% | −61.1% |
| EBITDA margin | 1.2% | 2.9% | 0.0% | +1.2 pp | −1.7 pp |
| Profit before tax | 6.11 | 6.36 | 1.69 | +261.5% | −3.9% |
| Tax | 1.61 | 1.62 | 0.50 | +222.0% | −0.6% |
| Net profit | 4.50 | 4.74 | 1.20 | +275.0% | −5.1% |
| EPS (₹) | 2.90 | 3.06 | 0.77 | +276.6% | −5.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in D P Wires' costs and profit?
Total expenses fell to ₹122.17 crore in Q2 FY27 from ₹131.01 crore in Q2 FY26, a decline of ₹8.84 crore or 6.7%. Cost of materials declined ₹19.06 crore to ₹50.89 crore and employee cost declined ₹0.46 crore to ₹1.30 crore, while depreciation fell ₹0.31 crore to ₹0.52 crore.
Other expenses increased ₹0.62 crore to ₹11.05 crore and finance costs increased ₹0.17 crore to ₹0.43 crore. Other income rose ₹2.81 crore to ₹5.57 crore, while there was no exceptional item. Tax expense rose ₹1.11 crore to ₹1.61 crore. The filing did not state reasons for the changes in these items.
The filing reports cost of materials consumed, purchase of stock-in-trade and changes in inventories as separate lines, while the provided quarter comparison groups them under cost of materials. The stated cost-of-materials difference is therefore the reported aggregate used for the comparison.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 50.89 | 69.95 | −19.06 | −27.2% |
| Employee cost | 1.30 | 1.76 | −0.46 | −26.1% |
| Finance costs | 0.43 | 0.26 | +0.17 | +65.4% |
| Depreciation | 0.52 | 0.83 | −0.31 | −37.3% |
| Other expenses | 11.05 | 10.43 | +0.62 | +5.9% |
| Total expenses | 122.17 | 131.01 | −8.84 | −6.7% |
| Other income | 5.57 | 2.76 | +2.81 | +101.8% |
| Tax | 1.61 | 0.50 | +1.11 | +222.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, revenue was ₹253.28 crore, down ₹2.59 crore or 1.0% from ₹255.87 crore in H1 FY26. Total income was ₹262.04 crore, up ₹0.99 crore or 0.4%, while profit before tax rose ₹5.90 crore or 89.8% to ₹12.47 crore.
Net profit for H1 FY27 was ₹9.24 crore, up ₹4.45 crore or 92.9% from ₹4.79 crore, and basic EPS was ₹5.96 against ₹3.09. The board approved the standalone unaudited results for the quarter and half year ended 30 September 2026 on 5 November 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 253.28 | 255.87 | −1.0% |
| Profit before tax | 12.47 | 6.57 | +89.8% |
| Net profit | 9.24 | 4.79 | +92.9% |
| EPS (₹) | 5.96 | 3.09 | +92.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹344.42 crore, compared with ₹288.56 crore at 31 March 2026, while total equity was ₹275.28 crore against ₹266.02 crore. Borrowings were ₹38.34 crore compared with ₹2.17 crore, and cash was ₹18.62 crore against ₹29.48 crore.
Inventories increased to ₹30.54 crore from ₹10.70 crore and trade receivables to ₹71.24 crore from ₹51.92 crore at the previous balance-sheet date. Trade payables were ₹2.37 crore compared with ₹1.88 crore. The filing states that previous-period figures were regrouped or reclassified where necessary.
For H1 FY27, operating cash flow was negative ₹18.70 crore, against ₹17.89 crore in H1 FY26. Investing cash flow was negative ₹27.65 crore, compared with ₹7.94 crore, while financing cash flow was ₹35.49 crore against negative ₹26.36 crore. Capital expenditure was ₹2.43 crore, compared with ₹0.86 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 344.42 | 288.56 |
| Total equity | 275.28 | 266.02 |
| Borrowings | 38.34 | 2.17 |
| Cash and equivalents | 18.62 | 29.48 |
| Inventories | 30.54 | 10.70 |
| Trade receivables | 71.24 | 51.92 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −18.70 | 17.89 |
| Cash from investing | −27.65 | 7.94 |
| Cash from financing | 35.49 | −26.36 |
| Capital expenditure | 2.43 | 0.86 |
Source: Company's results filing (XBRL).
How has D P Wires done over the last 8 quarters?
Revenue reached its highest quarterly level at ₹154.45 crore in Q3 FY25 and its lowest at ₹95.22 crore in Q3 FY26. It was ₹122.71 crore in Q2 FY27, below ₹130.57 crore in Q1 FY27 and ₹129.94 crore in Q2 FY26.
Net profit bottomed at ₹1.20 crore in Q2 FY26 and peaked at ₹9.39 crore in Q4 FY26. It was ₹4.50 crore in Q2 FY27, below ₹4.74 crore in Q1 FY27, while profit rose year on year in each of the last three quarters.
The EBITDA margin peaked at 7.4% in Q4 FY26 and was at its lowest in Q2 FY26 at 0.0%. It fell to 1.2% in Q2 FY27 from 2.9% in Q1 FY27. The latest quarter therefore showed lower revenue, profit and margin than the preceding quarter, alongside year-on-year profit growth.
Which businesses drove the quarter?
The Wire Division reported revenue of ₹64.00 crore in Q2 FY27, down 21.9% from ₹81.98 crore in Q2 FY26. EBIT was ₹12.83 crore against ₹10.83 crore, and the segment’s reported EBIT margin was 20.0%.
The Plastic Division reported revenue of ₹0.04 crore, up 139.4% from ₹0.02 crore, and EBIT of ₹0.06 crore against ₹0.03 crore. Its reported EBIT margin was 129.3%. Electric Energy through the wind mill division reported revenue of ₹0.33 crore, up 208.7% from ₹0.11 crore, and EBIT of ₹0.31 crore against ₹0.09 crore, with a reported EBIT margin of 93.6%.
Others (Trading) reported revenue of ₹58.66 crore and EBIT of ₹2.72 crore in Q2 FY27, with a reported EBIT margin of 4.6%. Comparable year-ago revenue and EBIT were not given for this segment. The filing states that wires, plastic products and electric energy through the wind mill constitute the company’s reportable segments.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Wire Division | 64 | −21.9% | 12.83 | 20.0% |
| Plastic Division | 0.04 | +139.4% | 0.06 | 129.3% |
| Electric Energy through wind mill division | 0.33 | +208.7% | 0.31 | 93.6% |
| Others(Trading) | 58.66 | 2.72 | 4.6% |
Source: Company's results filing (XBRL segment data).
How did other Iron & Steel Products companies do?
Among 39 other Iron & Steel Products companies that filed for the quarter, the median revenue growth was 13.7%. Seven peers grew slower than D P Wires, while 32 grew faster than the company; D P Wires’ own Q2 FY27 revenue growth was negative 5.6%.
Profit was higher at 25 of 42 peers whose profit was compared. The peer figures are as of 5 November 2026 and cover companies that filed for this quarter.
| D P Wires revenue growth (YoY) | −5.6% |
|---|---|
| Median of 39 other Iron & Steel Products companies | +13.7% |
| Companies with slower revenue growth than D P Wires | 7 of 39 |
| Companies with faster revenue growth than D P Wires | 32 of 39 |
| Companies whose net profit rose | 25 of 42 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was D P Wires' revenue in Q2 FY27?
Revenue from operations was ₹122.71 crore, down 5.6% from ₹129.94 crore in Q2 FY26 (standalone).
Did D P Wires make a profit in Q2 FY27?
Yes. Net profit was ₹4.50 crore, against a net profit of ₹1.20 crore in Q2 FY26.
What was D P Wires' EPS in Q2 FY27?
Basic earnings per share were ₹2.90, against ₹0.77 in Q2 FY26.
When did D P Wires announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Unaudited Quarterly And Half Year Results (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Unaudited Results 30.09.2026 (BSE, 5 November 2026) · PDF
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