Vidya Wires Ltd Announces FY26 Financial Results Vidya Wires Ltd has released its audited financial results for the fiscal year ending March 31, 2026. The company reported consolidated revenue of ₹18,396.39 million and consolidated profit after tax (PAT) of ₹576.55 million for the period. The results were verified by the auditors, M/s. O. P. Rathi & Co., who confirmed the accuracy of the financial statements. The company’s FY26 performance highlights significant growth, with revenue and profit both showing substantial increases compared to previous years. The results reflect the company’s ability to manage costs and capitalize on market opportunities. The audited financial statements provide a comprehensive overview of the company’s operational and financial health during the fiscal year. A key aspect of the results is the utilization of funds raised through the company’s Initial Public Offering (IPO) in August 2023. A portion of the IPO proceeds, specifically ₹939.60 million, was allocated to capital expenditures (Capex) to support infrastructure and expansion projects. Additionally, ₹1,000.00 million was set aside to repay outstanding debt, which has strengthened the company’s financial position and improved its liquidity. The company also announced changes in its senior management team. Alpesh Makwana, who served as the company secretary and compliance officer, has resigned and will step down from his role effective May 12, 2026. This change in leadership marks a shift in the company’s administrative structure and may influence its strategic direction moving forward. Vidya Wires operates in the Indian wire and cable industry, a sector dominated by companies such as Polycab India Ltd, KEI Industries Ltd, and RR Kabel.#initial_public_offering #vidya_wires_ltd #m_s_op_rathi_co #alpesh_makwana #polycab_india_ltd
