Plaza Wires Limited reported a 153.3% year-on-year increase in net profit to ₹73.03 million for the financial year ended March 31, 2026, driven by a 45.8% surge in revenue from operations. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. Revenue from operations for the year rose to ₹3,180.58 million from ₹2,181.75 million in the previous year. For the quarter ended March 31, 2026, net profit stood at ₹39.05 million, while revenue from operations was ₹1,115.27 million.

The board appointed M/s BARS & CO., Chartered Accountant, as the internal auditor and M/s Deepak Mittal & Co., Cost Accountants, as the cost auditor for the financial year 2026-27. M/s Shailendra Goel & Associates, Statutory Auditors, issued an audit report with an unmodified opinion on the standalone financial results. The meeting, which commenced at 03:30 P.M. and concluded at 04:55 P.M., also reviewed the Auditor's Reports.

Financial Performance

The company's total income for FY26 increased to ₹3,184.04 million from ₹2,190.07 million in FY25. Total expenses for the year amounted to ₹3,084.42 million, up from ₹2,150.93 million in the previous year. Profit before tax for the year improved to ₹99.62 million from ₹39.14 million. Basic earnings per share (EPS) for the year rose to ₹1.67 from ₹0.66 in the prior year.

The auditors drew attention to an order in appeal upholding a demand confirmed in an original order received by the company from the Commissioner (Appeals). The company, supported by external expert advice, intends to challenge the order before the Appellate Authority. The company also recognised an incremental impact of ₹2.52 million due to changes in labour codes during the year under employee benefits expenses.

Balance Sheet Highlights

Total assets as of March 31, 2026, stood at ₹1,827.16 million, compared to ₹1,636.58 million a year ago. Total equity increased to ₹1,295.72 million from ₹1,222.06 million. Trade receivables rose to ₹759.26 million from ₹621.55 million, while borrowings increased to ₹320.87 million from ₹252.07 million. Cash and bank balances at the end of the year were ₹0.35 million.

Plaza wires Limited has completed its quarterly regulatory filing by submitting the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both NSE and BSE on April 4, 2026, ensuring adherence to mandatory disclosure requirements.

Regulatory Compliance Details

The compliance certificate was issued by KFIN Technologies Limited, serving as the company's Registrar and Share Transfer Agent, on April 1, 2026. This certificate confirms that all necessary details regarding securities dematerialized and rematerialized during the quarter have been properly furnished to stock exchanges where Plaza Wires shares are listed.

Certificate Submission Process

The certificate was submitted to both major stock exchanges where Plaza Wires shares are traded. The company addressed its communication to the National Stock Exchange of India Limited and BSE Limited, providing the required confirmation of compliance with depository regulations.

KFIN Technologies Limited, as the authorized Registrar and Share Transfer Agent, certified that all details of securities transactions during the specified period have been furnished to the relevant stock exchanges as mandated by SEBI regulations.

Corporate Governance Framework

This quarterly submission forms part of Plaza Wires Limited's ongoing commitment to maintaining transparency and regulatory compliance. The certificate ensures that all stakeholders, including investors and regulatory authorities, have access to accurate information regarding the company's securities transactions.

The submission was authorized by Aditya Gupta, Whole Time Director of Plaza Wires Limited, demonstrating proper corporate authorization and oversight of regulatory compliance matters. This systematic approach to regulatory filings reinforces the company's dedication to maintaining high standards of corporate governance and investor protection.