Parmeshwar Metal posted a net profit of ₹324.9 crore for FY26, marking a 196% increase from the previous year’s ₹109.8 crore. Revenue from operations climbed 43% to ₹19,729.4 crore, reflecting robust volume growth in copper wire and rod manufacturing.

The company’s operating performance improved significantly alongside top-line expansion. Profit before tax reached ₹434.3 crore, up from ₹149.2 crore in FY25. This surge was supported by higher operational efficiency and favorable market conditions in the base metals sector.

Financial Highlights

What the Numbers Show

Revenue growth outpaced the rise in total expenses, which increased by 41% to ₹19,327.1 crore. Cost of materials consumed rose 42% to ₹19,175.5 crore, aligning with revenue trends. However, other income contributed ₹32.3 crore, including ₹59.0 crore from state government subsidies under the Industries Department incentive scheme. This non-operational support bolstered the bottom line despite rising input costs.

Dividend and Corporate Actions

The Board of Directors recommended a final dividend of ₹1.25 per equity share, representing a 12.5% payout on the face value of ₹10. The total dividend outflow is estimated at ₹19.1 crore, subject to shareholder approval at the upcoming Annual General Meeting.

The company also incorporated Parmeshwar Copperx Private Limited as a subsidiary in August 2026 to expand its manufacturing capabilities. The AGM is scheduled for September 19, 2026, where shareholders will vote on the dividend, re-appointment of directors, and ratification of related party transactions.

Parmeshwar Metal Limited has incorporated a new subsidiary to expand its operations in the metal manufacturing sector. The company confirmed the registration of Parmeshwar Copperx Private Limited with the Ministry of Corporate Affairs on August 17, 2026. The subsidiary is based in Gujarat and will primarily focus on the business of manufacturing metal, including copper extrusion and related activities.

The incorporation follows an earlier intimation issued by the company on June 11, 2026. This move aligns with the firm's strategy to consolidate its presence in specific metal product verticals through dedicated entities.

Subsidiary Details

Parmeshwar Copperx Private Limited was incorporated as a private limited company in India. The authorized and paid-up share capital stands at ₹10,00,000, divided into 100,000 equity shares of ₹10 each. The initial equity subscription was made in cash.

Shareholding Structure

Parmeshwar Metal Limited holds a 51% equity stake in the new subsidiary. The holding company subscribed to 51,000 equity shares of ₹10 each, aggregating to a total investment of ₹5,10,000. This majority stake ensures that Parmeshwar Copperx operates as a controlled subsidiary within the group structure.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to BSE Limited on August 18, 2026, by Shantilal Shah, Managing Director of Parmeshwar Metal Limited. No governmental or regulatory approvals were required for the incorporation of the subsidiary.