SYNOPSIS: The company reported strong Q3 FY26 growth, with revenue rising 37 percent YoY and profit doubling. The company declared an interim dividend and approved capacity expansion projects to strengthen future manufacturing capabilities.
During Monday’s trading session, shares of a company involved in the manufacturing of winding wires made of enamelled copper surged 17 percent to hit a new 52-week high at Rs. 306 on BSE, after reporting strong Q3 FY26 results with a net profit growth of 6 percent QoQ and 100 percent YoY, along with Board approval for capacity expansion.
With a market cap of Rs. 5,496 crores, shares of Precision Wires India Limited were trading in the green at Rs. 300.65 on BSE, up by around 15 percent, compared to its previous closing price of Rs. 261.55. The stock has delivered multibagger returns of around 119 percent in the last one year, and has gained over 33 percent in one month.
Financial Performance Q3 FY26
Precision Wires India Limited announced the financial results for the third quarter of FY26 on Saturday, as per the latest regulatory filings with the stock exchanges. For Q3 FY26, the company posted a total revenue from operations of Rs. 1,348 crores, reflecting a sequential growth of around 9 percent QoQ compared to Rs. 1,237 crores in Q2 FY26. Likewise, on a year-on-year basis, revenue increased by more than 37 percent from Rs. 982 crores recorded in Q3 FY25.
Meanwhile, the net profit stood at Rs. 38 crore, indicating an increase of about 6 percent QoQ from Rs. 36 crores in Q2 FY26, while on a year-on-year basis, the profit doubled and moved up by nearly 100 percent from Rs. 19 crores reported in Q3 FY25.
Further, Precision Wires declared a second Interim Dividend for FY26 at Rs. 0.35 per equity share of Rs. 1 each fully paid up. The record date is fixed on 19th February, 2026, and the dividend will be paid on or before Monday, 16th March 2026.
Board Approvals & More
The Board of Precision Wires approved the expansion and modernisation project of winding wires made of copper at Silvassa, a revision of estimated capacity from 4400 MTPA to 3950 MTPA, at a revised estimated total cost of Rs. 39.1 crores instead of Rs. 37 crores. The project is in progress and is expected to be completed by the end of Q1 FY28. Post completion, the installed capacity for the manufacturing of Copper Winding Wires will be ~65,500 MTPA.
Additionally, the Board also approved the new expansion and modernisation project of winding wires made of copper at Silvassa for an estimated capacity of 3920 MTPA at an estimated total cost of Rs. 38 crores, and is expected to be completed by the end of Q2 FY28. Post completion, the installed capacity for the manufacturing of copper winding wires will be nearly 68,500 MTPA.
Precision Wires India Limited is engaged in the business of manufacturing enamelled round and rectangular copper winding wires, continuously transposed conductors (CTC) and Paper/Mica/Nomex insulated copper conductors (PICC), which are used by the electrical/electronics industries.
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