Precision Wires Q2 Net Profit Up 22% YoY

Date: 6th November, 2026

Board Meeting Outcomes

The Board of Directors meeting was held on 6th November 2026 in Mumbai, commencing at 11:45 AM and concluding at 12:45 PM. The Board unanimously considered and approved the following items:

1. Un-audited Financial Results of the Company along with Report of Statutory Auditor thereon for the quarter and half year ended on 30th September 2026, duly reviewed by the Audit Committee and Declaration Pursuant to Regulation 33(3)d of the Listing Regulations

2. Declaration of Interim Dividend @ 35% i.e. ₹0.35 per fully paid Equity Share of ₹1 each

3. An additional secured working capital facility of ₹135.00 Crores from HDFC Bank Limited

4. An additional secured working capital facility of ₹75.00 Crores from Kotak Mahindra Bank Limited

5. Power Purchase Agreement for procurement of Renewable Energy under the Group Captive Consumption Model with an Aggregate Investment of up to ₹5 Crores

All the secured lenders shall rank pari passu with each other in respect of their security interests.

Dividend Declaration

Type: Interim Dividend
Financial Year: 2026-27
Amount: 35% i.e. ₹0.35 per equity share of ₹1 each
Record Date: Friday, 13th November 2026
Payment Date: On or before 6th December 2026 (within 30 days)
The dividend will be paid to equity shareholders whose names appear on the Register of Members or in depository records as beneficial owners as of the record date

Financial Results (Standalone)

Quarter Ended 30th September 2026 (Unaudited) vs Comparative Periods:

Total Revenue: ₹1,97,201.88 lakhs (Q2 FY2026: ₹1,77,924.42 lakhs; Q2 FY2025: ₹1,23,740.50 lakhs)
Revenue from Operations: ₹1,95,001.47 lakhs
Other Operating Income: ₹2,200.41 lakhs
Profit before Tax: ₹5,956.47 lakhs (Q2 FY2026: ₹6,188.83 lakhs; Q2 FY2025: ₹4,842.90 lakhs)
Current Tax: ₹1,285.09 lakhs
Deferred Tax: ₹332.84 lakhs
Profit for the Period: ₹4,338.54 lakhs (Q2 FY2026: ₹4,645.34 lakhs; Q2 FY2025: ₹3,561.19 lakhs)
Earnings Per Share (before extraordinary items): ₹2.37 (Q2 FY2026: ₹2.54; Q2 FY2025: ₹1.98)
Earnings Per Share (after extraordinary items): ₹2.37 (Q2 FY2026: ₹2.54; Q2 FY2025: ₹1.98)
Paid-up equity share capital: ₹1,828.16 lakhs (1,800.41 lakhs in Q2 FY2025)

Half Year Ended 30th September 2026 (Unaudited) vs Comparative Period:

Total Revenue: ₹3,75,126.30 lakhs (H1 FY2026: ₹2,35,297.86 lakhs)
Profit before Tax: ₹12,145.30 lakhs (H1 FY2026: ₹8,460.56 lakhs)
Profit for the Period: ₹8,983.88 lakhs (H1 FY2026: ₹6,269.82 lakhs)
Earnings Per Share: ₹4.91 (H1 FY2026: ₹3.48)
Total Comprehensive Income: ₹8,983.88 lakhs (H1 FY2026: ₹6,269.82 lakhs)

Balance Sheet Highlights as at 30th September 2026 (Unaudited) vs 31st March 2026 (Audited):

Total Assets: ₹2,78,542.11 lakhs (₹2,24,921.30 lakhs)
Non-current Assets: ₹59,169.67 lakhs (₹50,656.37 lakhs)
Property, Plant and Equipment: ₹52,553.54 lakhs (₹31,583.80 lakhs)
Capital-work-in-progress: ₹5,837.77 lakhs (₹18,297.96 lakhs)
Current Assets: ₹2,19,372.44 lakhs (₹1,74,264.93 lakhs)
Inventories: ₹73,541.80 lakhs (₹44,598.68 lakhs)
Trade Receivables: ₹93,640.16 lakhs (₹92,540.50 lakhs)
Cash and Cash Equivalents: ₹42,384.84 lakhs (₹11,431.59 lakhs)
Equity: ₹97,713.49 lakhs (₹77,234.20 lakhs)
Equity Share Capital: ₹1,828.16 lakhs (₹1,828.16 lakhs)
Other Equity: ₹95,885.33 lakhs (₹75,406.04 lakhs)
Non-current Liabilities: ₹25,925.22 lakhs (₹18,291.83 lakhs)
Borrowings (Non-current): ₹19,110.79 lakhs (₹16,232.74 lakhs)
Current Liabilities: ₹1,54,903.40 lakhs (₹1,29,395.27 lakhs)
Borrowings (Current): ₹17,669.11 lakhs (₹13,112.27 lakhs)
Trade Payables: ₹1,28,381.82 lakhs (₹1,08,113.22 lakhs)

Cash Flow Statement for Half Year Ended 30th September 2026:

Net cash from operating activities: ₹6,425.45 lakhs
Net cash from investing activities: ₹7,833.94 lakhs
Net cash from financing activities: ₹16,693.86 lakhs
Net increase in cash equivalents: ₹30,953.25 lakhs
Cash and cash equivalents as at 1st April 2026: ₹11,431.59 lakhs
Cash and cash equivalents as at 30th September 2026: ₹42,384.84 lakhs

Fundraising

Additional secured working capital facility of ₹135.00 Crores from HDFC Bank Limited
Additional secured working capital facility of ₹75.00 Crores from Kotak Mahindra Bank Limited
Previously allotted 37,50,000 12% Compulsorily Convertible Debentures (CCDs) of face value ₹400 each, aggregating ₹150 Crores on 25th September 2026
CCDs are convertible into equity shares in ratio of 1:1 at option of Investor after 12 months but before 18 months from allotment date, or compulsorily converted upon completion of 18 months

Strategic Actions

Power Purchase Agreement for procurement of Renewable Energy under Group Captive Consumption Model
Aggregate Investment: Up to ₹5 Crores

Related Party Transactions

Total value of transactions with related parties during the period 1st April 2026 to 30th September 2026: ₹1,035.72 lakhs

Key transactions include:

Shri. Milan M. Mehta (Chairman, Managing Director and Promoter): ₹442.88 lakhs
Shri Deepak M. Mehta (Vice Chairman, Whole Time Director and Promoter): ₹364.52 lakhs
Shri. Nirbhay Mehta (President and Promoter): ₹39.80 lakhs
Shri Arjun Mehta (Senior President and Promoter): ₹30.78 lakhs
Shri Sanjay Singhavi (Executive Director): ₹85.30 lakhs
All transactions had opening and closing balances of ₹0.00
Audit Committee approvals were obtained for applicable transactions

Additional Information

The company has only one reportable primary business segment: Manufacturing of Winding Wires
Previous year's/period's figures have been regrouped/reworked wherever necessary for comparability
The results will be available on the company website www.precisionwires.in and published in newspapers