Precision Wire India

Precision Wires India reported standalone revenue from operations of ₹1,770 crore and net profit of ₹46.5 crore for the quarter ended June 2026, compared with ₹1,104 crore and ₹27.1 crore a year earlier. The board increased the approved capacity of its Silvassa expansion and modernisation project to 4,620 MT a year from 3,920 MT, at a stated project cost of ₹38 crore; net effective installed capacity was set to reach 69,200 MT by the end of FY28. Mohandas Pai retired as chief financial officer and key managerial personnel after 29 years with the company, and deputy CFO Krina Parekh succeeded him from the close of the annual meeting. The company approved a preferential issue of 37.5 lakh 12% compulsorily convertible debentures at ₹400 each, aggregating ₹150 crore, subject to shareholder and regulatory approvals. The debentures were proposed for Anchorage Capital Scheme III and AADI Financial Advisors LLP, both identified as non-promoter investors, and would convert one-for-one into equity shares within 18 months of allotment. The issue followed a ₹62.7 crore preferential raise completed in July 2025, while ₹44.25 crore of those earlier proceeds remained unused at March 2026. Precision Wires also approved an unsecured working-capital facility of ₹200 crore from IDFC First Bank.

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Precision Wires India reported June-quarter revenue from operations of ₹1,770.5 crore and net profit of ₹46.5 crore, up from ₹1,103.8 crore and ₹27.1 crore respectively a year earlier. The board raised the planned capacity of its Silvassa expansion and modernisation project to 4,620 MT a year from 3,920 MT, at a stated project cost of ₹38 crore. Mohandas Pai retired as chief financial officer after 29 years, and Krina Parekh, the company’s deputy CFO, took over; Asha Morley was added to the audit committee. The company also approved a ₹150 crore preferential issue of 12% compulsory convertible debentures to Anchorage Capital Scheme III and AADI Financial Advisors LLP, alongside a ₹200 crore unsecured working-capital facility from IDFC First Bank. FY26 revenue was ₹5,410 crore and net profit was ₹155 crore, after EBITDA margin recovered to about 5.8% from 4.1% a year earlier. The company had raised ₹62.7 crore through a preferential issue in 2025, with ₹44.25 crore of proceeds unused at March 31, 2026.

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Precision Wires India approved a ₹150 crore preferential issue of 37.5 lakh 12% compulsorily convertible debentures to Anchorage Capital Scheme III and AADI Financial Advisors LLP, subject to shareholder and regulatory approvals. The unsecured, unrated CCDs would convert into one equity share each between 12 and 18 months after allotment, and the proceeds were earmarked for expansion, modernisation, capital expenditure, long-term investments and working capital. The board raised the approved capacity of its Silvassa expansion and modernisation project to 4,620 tonnes a year from 3,920 tonnes, at a project cost of ₹38 crore, taking net effective installed capacity to 69,200 tonnes a year by FY28. Mohandas Pai retired as chief financial officer and key managerial personnel after 29 years, while deputy CFO Krina Parekh was appointed to succeed him from the close of the annual general meeting. Precision Wires also approved a ₹200 crore unsecured working-capital facility from IDFC First Bank. For the quarter ended June 30, revenue from operations was ₹1,770.5 crore and profit was ₹46.5 crore, compared with ₹1,103.8 crore and ₹27.1 crore respectively a year earlier. FY26 revenue was ₹5,410 crore and net profit was ₹155 crore, with an EBITDA margin of about 5.8%.

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July 10 (Reuters) - Precision Wires India Ltd PRWR.NS:

• RECEIVED FACTORY LICENSE FOR VALSAD UNIT

Source text: ID:nBSE38KM2L

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March 26 (Reuters) - Precision Wires India Ltd PRWR.NS:

• PRECISION WIRES INDIA LTD - STARTS COMMERCIAL COPPER ROD PRODUCTION AT VALVADA PLANT

Source text: ID:nNSE7tH1X3

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March 18 (Reuters) - Precision Wires India Ltd PRWR.NS:

• RECEIPT OF BIS CERTIFICATION FOR MANUFACTURE OF COPPER WIRE RODS

Source text: ID:nBSE30rlLg

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March 12 (Reuters) - Precision Wires India Ltd PRWR.NS:

• SUPPLY CHAIN IMPACTED BY MIDDLE EAST CONFLICT

• EXPORTS TO MIDDLE EAST AFFECTED

• EXPECTS ADDITIONAL SHIPPING COSTS AND EXTENDED LEAD TIMES

• WARNS OF SHORT-TERM FLUCTUATIONS IN COST AND INPUT AVAILABILITY

Source text: ID:nBSE71277M

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Nov 12 (Reuters) - Precision Wires India Ltd PRWR.NS:

• PRECISION WIRES INDIA SEPT-QUARTER PROFIT 356.1 MILLION RUPEES

• PRECISION WIRES INDIA SEPT-QUARTER REVENUE FROM OPERATIONS 12.26 BILLION RUPEES

Source text: ID:nBSEnnZm6

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May 12 (Reuters) - Precision Wires India Ltd PRWR.NS:

• TO CONSIDER FUND RAISING

• TO CONSIDER FUND RAISING VIA QIP

Source text: ID:nBSE76bw3b

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April 28 (Reuters) - GeeCee Ventures Ltd GECE.NS:

• GEECEE VENTURES LTD - CO INVESTS 3.8 MILLION RUPEES IN PRECISION WIRES

Source text: ID:nBSE6KKgcl

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April 16 (Reuters) - GeeCee Ventures Ltd GECE.NS:

• GEECEE VENTURES LTD - GEEC VENTURES INVESTS 6.7 MILLION RUPEES IN PRECISION WIRES INDIA

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Nov 11 (Reuters) - Precision Wires India Ltd PRWR.NS:

• SEPT-QUARTER PROFIT 192.7 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 10.38 BILLION RUPEES

• APPROVED REVISED EXPANSION PROJECT; EST. CAPACITY OF 6100 MT/PER ANNUM

• REVISED EXPANSION PROJECT AT COST OF 640 MLN RUPEES

• OVERALL CAPACITY AT SILVASSA TO TOUCH 60000 MT/P.A. BY END Q1 FY2026-27

Source text: ID:nNSE1jV6PD

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Jan 8 (Reuters) - Precision Wires India Ltd PRWR.NS:

• CO HAS TAKEN NEW PREMISES ON LEASE IN STATE OF VAPI, GUJARAT FOR BUSINESS PURPOSE

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Nov 8 (Reuters) - Precision Wires India Ltd PRWR.NS:

• PRECISION WIRES INDIA LTD SEPT-QUARTER PROFIT 163.5 MILLION RUPEES VERSUS PROFIT 146.6 MILLION RUPEES

• PRECISION WIRES INDIA LTD SEPT-QUARTER REVENUE FROM OPERATIONS 8.25 BILLION RUPEES VERSUS 7.21 BILLION RUPEES

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Aug 10 (Reuters) - Precision Wires India Ltd PRWR.NS:

• JUNE-QUARTER PROFIT 165.5 MILLION RUPEES VERSUS 168.3 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 7.99 BILLION RUPEES VERSUS 8.21 BILLION RUPEES

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