DCG Cables & Wires reports FY26 profit, rectifies auditor report
DCG Cables & Wires reported a net profit of ₹865.51 lakh for FY26, with revenue rising to ₹16,309.72 lakh. The company rectified an inadvertent clerical error by submitting the correct Independent Auditor's Report for its consolidated financial results, confirming no changes to the previously disclosed financial figures.
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DCG Cables & Wires reported a net profit of ₹865.51 lakh for the financial year ended March 31, 2026, an increase from ₹810.40 lakh in the previous year. Revenue from operations for the year stood at ₹16,309.72 lakh, compared to ₹12,756.13 lakh in FY25. The company's board approved the standalone and consolidated audited financial results for the half year and financial year ended March 31, 2026, on May 30, 2026, following the recommendation of the Audit Committee.
M/s Patel & Panchal, Chartered Accountants, the statutory auditors of the company, issued an audit report with an unmodified opinion on the financial results. The independent auditor's report confirmed that the financial statements were presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report stated that the results give a true and fair view of the company's net profit and other financial information for the period.
Financial Performance
The company's total income for FY26 rose to ₹16,368.73 lakh from ₹12,867.73 lakh in the prior year. Total expenses increased to ₹15,142.24 lakh from ₹11,729.20 lakh in FY25. The profit before tax for the year was ₹1,226.49 lakh, compared to ₹1,138.53 lakh in the previous year. Earnings per equity share (basic) for the year ended March 31, 2026, was ₹4.77, up from ₹4.46 in the previous year.
| Metric (₹ in Lakhs) | FY26 | FY25 |
|---|---|---|
| Revenue From Operations | 16,309.72 | 12,756.13 |
| Total Income | 16,368.73 | 12,867.73 |
| Total Expenses | 15,142.24 | 11,729.20 |
| Profit Before Tax | 1,226.49 | 1,138.53 |
| Net Profit | 865.45 | 810.28 |
Rectification of Filing Error
DCG Cables & Wires submitted the correct Independent Auditor's Report on the Consolidated Financial Results to the National Stock Exchange of India on July 13, 2026. The company clarified that an incorrect version of the report, intended solely for internal reference, was inadvertently uploaded on May 30, 2026. The company emphasized that there is no change whatsoever in any of the financial results, figures, or disclosures originally submitted. The submission was confined solely to substituting the correct auditor's report.
The company stated that the error was purely clerical and inadvertent, arising from the handling of physical documents during scanning. It was detected upon receipt of the exchange's observation. Consequently, no prejudice or harm was caused to any shareholder or investor, as the financial information available in the public domain remained complete and accurate. The company has strengthened its internal document-verification process to prevent recurrence.
Historical Stock Returns for DCG Cables & Wires
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.37% | +3.37% | -1.56% | -8.12% | -26.42% | -37.13% |
What strategic initiatives will DCG Cables & Wires implement to sustain the revenue growth momentum observed in FY26?
How will the company manage the rising cost of total expenses to improve net profit margins in the upcoming fiscal year?
What specific capital allocation plans, such as dividends or expansion, does the board intend to pursue given the increased earnings per share?
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