CWD Limited reported a net profit of ₹12 crore for the financial year ended March 31, 2026, a 391% increase from ₹3 crore in the previous year. Revenue from operations surged to ₹151 crore in FY26, compared to ₹34 crore in FY25. The Board of Directors approved the audited standalone and consolidated financial results for the half-year and year ended March 31, 2026, during a meeting held on May 29, 2026. The company attributed the robust performance to rapid scale-up in soundbox deployments, increasing traction in smart infrastructure opportunities, and expanding execution across IoT-led business segments.

Financial Performance

The standalone financial results highlight a robust turnaround in profitability. Key metrics for the year ended March 31, 2026, include:

On a consolidated basis, the company reported a net profit of ₹111.17 crore for FY26, up from ₹25.08 crore in the previous year. Consolidated revenue from operations stood at ₹1,418.38 crore. The statutory auditor, D G M S & Co., issued an unmodified opinion on the financial results.

H2 Performance Highlights

CWD Limited's second-half performance reflects strong revenue momentum on a year-on-year basis. Revenue for H2FY26 stood at ₹110 crore, a 308% increase from ₹27 crore in H2FY25. Sequentially, revenue grew 167% over H1FY26. Net profit for H2FY26 was ₹8 crore, an 84% YoY growth, while EBITDA stood at ₹20 crore, up 158% YoY.

Capacity Expansion and Operational Highlights

CWD Limited has significantly expanded its manufacturing footprint from 15,000 sq. ft. to 55,000 sq. ft., resulting in a ~3.7x increase in installed production capacity. The integrated facility incorporates high-speed SMT lines, in-house plastic moulding, and end-to-end assembly capabilities. The expanded infrastructure is expected to enhance production throughput from FY27 onwards, with utilized capacity for soundbox manufacturing projected to increase from approximately 1.5 lakh units per month to nearly 2.5 lakh units per month.

The company has secured an order for approximately 1 million CNIC communication units (~₹45 crore). Additionally, CWD Limited received an order for 40,000 Weather Monitoring Systems (WMS) from Jio, highlighting its growing expertise in IoT-enabled climate intelligence and precision agriculture solutions. The company is also expanding into the walkie-talkie segment through a partnership with a leading global player.

FY27 Outlook

Taking into consideration the ongoing capacity expansion and ramp-up in manufacturing, CWD Limited could potentially achieve a quarterly revenue run-rate of approximately ₹95-100 crore during FY27 as the expanded manufacturing infrastructure reaches higher utilization levels.

CWD Limited has completed its regulatory filing requirements for the quarter ended March 31, 2026, by submitting the mandatory certificate under SEBI Regulation 74(5) to BSE Limited. The submission demonstrates the company's adherence to regulatory compliance requirements for securities depositories.

Regulatory Filing Details

The certificate was formally submitted to BSE Limited on April 09, 2026, bearing scrip code 543378. Joint Managing Director & CFO Tejas Kothari signed the submission letter, confirming receipt of the required certificate from KFin Technologies Limited, the company's appointed Registrar and Share Transfer Agent.

Depository Compliance Certification

KFin Technologies Limited issued certificates to both major depositories on April 01, 2026. Assistant Vice President Sharmila Hemant Amin signed the certificates addressed to Central Depository Services (India) Limited and National Securities Depository Limited, confirming regulatory compliance.

The certificates verify that all details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been properly furnished to stock exchanges where CWD Limited shares are listed, as mandated under SEBI (Depositories and Participants) Regulations 2018.

Company Information

CWD Limited operates from multiple locations across India. The company maintains its registered office in Mumbai at Hasham Premji CHS, Kalbadevi Road, Marine Lines. Its development centre is located at Rupa Solitaire Building in Navi Mumbai's Millennium Business Park, while manufacturing operations are conducted from Mysuru District, Karnataka.

The regulatory filing represents standard quarterly compliance procedures required for all listed companies in India, ensuring transparency in securities transactions and maintaining investor confidence through proper regulatory oversight.