Kritika Wires Limited reported its audited financial results for the quarter and year ended 31st March, 2026, at a Board of Directors meeting held on 14th May, 2026. The company, engaged in manufacturing, exporting, and supplying industrial steel wires, galvanized wires, and aluminium wire, recorded a decline in both revenue and profitability on a full-year basis compared to the previous fiscal year. The statutory auditors, M/s. G. P. Agrawal & Co., Chartered Accountants, issued an unmodified opinion on the financial results.

Financial Performance: FY26 vs FY25

For the full year ended 31st March, 2026, Kritika Wires reported revenue from operations of ₹69,431.87 lakh, a decline from ₹74,498.36 lakh in FY25. Total income, including other income of ₹364.03 lakh, stood at ₹69,795.90 lakh against ₹76,035.50 lakh in the prior year. Net profit for FY26 came in at ₹619.42 lakh, compared to ₹1,013.48 lakh in FY25. Profit before tax for the year was ₹733.90 lakh after accounting for exceptional items of ₹187.55 lakh, versus ₹1,480.24 lakh in FY25 (no exceptional items). Total comprehensive income for FY26 stood at ₹641.88 lakh, against ₹1,006.71 lakh in the previous year.

The following table summarises the key financial metrics for the full year and the latest quarter:

Balance Sheet Highlights

As at 31st March, 2026, total assets stood at ₹17,666.14 lakh compared to ₹17,962.78 lakh as at 31st March, 2025. Total equity increased to ₹10,082.28 lakh from ₹9,440.40 lakh, supported by other equity of ₹4,756.68 lakh (up from ₹4,114.80 lakh). Paid-up equity share capital remained unchanged at ₹5,325.60 lakh (face value of Rs. 2/- each). Total liabilities declined to ₹7,583.86 lakh from ₹8,522.38 lakh, reflecting a reduction in current liabilities from ₹8,339.18 lakh to ₹7,486.75 lakh.

Cash Flow Summary

For the year ended 31st March, 2026, net cash generated from operating activities was ₹1,883.33 lakh, a significant improvement from ₹672.25 lakh in FY25, aided by a reduction in inventories contributing ₹2,017.62 lakh. Net cash used in investing activities was ₹2,110.64 lakh, while net cash used in financing activities was ₹47.15 lakh. Cash and cash equivalents at the end of the year stood at ₹58.60 lakh, down from ₹333.06 lakh at the beginning of the year.

Key Board Decisions

At the Board meeting held on 14th May, 2026, the following key decisions were taken:

• Director Re-appointments (subject to shareholder approval): Mr. Hanuman Prasad Agarwal (DIN: 00654218) as Managing Director for a further period of 3 years; Mr. Naresh Kumar Agarwal (DIN: 01020334) as Whole-time Director cum Chairman for a further period of 3 years; and Mr. Ankush Agarwal (DIN: 08071021) as Whole-time Director for a further period of 3 years.
• New Independent Director: Mr. Hunny Bhalotia (DIN: 11101662) appointed as Additional Non-Executive Independent Director for a term of 5 years, filling the casual vacancy caused by the resignation of Mr. Rajiv Adukia (DIN: 10371673), subject to shareholder approval.
• Cost Auditor Re-appointment: M/s. Sohan Lal Jalan & Associates, Cost Accountants (Firm Registration No. 000521), re-appointed as Cost Auditor for FY 2026-27.
• Forex Transactions: Approval granted for entering into forex exchange transactions/forward contracts with Axis Bank.

Notable Disclosures

The company disclosed that a provision for disputed entry tax liability has been made at 75% for the outstanding tax amount of Rs. 250.07 lakh for the years 2013-14 to 2017-18 under The West Bengal Sales Tax (Settlement of Dispute) (Amendment) Act, 2025. Additionally, the lease agreement for the factory premises at Bhubaneswar, Odisha, taken for business expansion purposes, expired on 31st January, 2026 and has not been renewed. The company operates within a single business segment — manufacturing, exporting, and supplying of industrial steel wires, galvanized wires, and aluminium wire — and accordingly, segment reporting under Ind AS 108 is not applicable.