Precision Wires India Limited (PWIL) has reported a significant increase in its financial performance for the second quarter, showcasing robust growth across key metrics.

Financial Highlights

PWIL's quarterly net profit surged to 356.00 million rupees, marking an impressive 84% increase from 193.00 million rupees in the same period last year. The company's revenue also saw a substantial rise, reaching 12.00 billion rupees, up from 10.40 billion rupees year-over-year, representing a 15.4% growth.

Improved Operational Efficiency

The company's operational efficiency showed notable improvement, with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rising to 589.00 million rupees from 362.00 million rupees in the previous year. This resulted in an enhanced EBITDA margin of 4.8%, up from 3.5% in the corresponding quarter last year.

Dividend Declaration

In a move that may please shareholders, PWIL's Board of Directors has declared an interim dividend of 35% (Rs. 0.35 per equity share of Rs. 1 each). The dividend is payable to eligible shareholders within 30 days, with the record date set for November 18.

Additional Financial Arrangements

The company has also secured additional funding to support its operations:

1. An additional secured term loan of 222.00 million rupees from ICICI Bank Limited.
2. Fresh fund-based and non-fund-based facilities of 1,720.00 million rupees from Kotak Mahindra Bank Limited, bringing the total secured facilities from this bank to 2,820.00 million rupees.
3. A new unsecured fund-based/non-based facility of 750.00 million rupees from DBS Bank India Limited, increasing their total unsecured facilities to 1,750.00 million rupees.

Capital Raising and Expansion

Precision Wires India recently completed a preferential allotment of 13,83,000 equity shares at a premium of Rs. 150 per share. Additionally, the company has converted 27,67,000 warrants into an equal number of equity shares, further strengthening its capital base.

The funds raised are earmarked for capital expenditure, new and ongoing expansion/modernization projects, long-term business investments, working capital, and general corporate purposes.

This strong financial performance and strategic capital raising efforts position Precision Wires India Limited for potential growth and expansion in the coming quarters.

Precision Wires India Limited (PWIL), a leading player in the wire manufacturing industry, has reached a significant milestone in its export journey. The company announced on September 15, 2025, that it has been awarded the prestigious 'Three Star Export House' status by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India.

Recognition of Export Excellence

The Three Star Export House certification is a testament to PWIL's strong export performance and its growing presence in international markets. This recognition is granted to companies that have demonstrated consistent export growth and have made substantial contributions to India's foreign trade.

Implications and Benefits

Achieving the Three Star Export House status brings several advantages to Precision Wires India Limited:

1. Enhanced Credibility: The certification serves as a mark of excellence, potentially boosting the company's reputation among international clients.
2. Trade Facilitation: PWIL may enjoy simplified procedures for various foreign trade-related activities.
3. Financial Benefits: The status could lead to improved access to export-related financial instruments and incentives.
4. Market Access: It may open doors to new markets and strengthen the company's position in existing ones.

Official Announcement

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Precision Wires India Limited promptly informed the stock exchanges about this development. The company's Company Secretary and Compliance Officer, Deepika Pandey, officially communicated the news to both the BSE Limited and the National Stock Exchange of India Limited.

Looking Ahead

This certification is expected to bolster Precision Wires India Limited's export operations and potentially contribute to its growth strategy in the international market. As a Three Star Export House, the company is well-positioned to leverage this status for expanding its global footprint and enhancing its competitiveness in the wire manufacturing sector.

Investors and stakeholders will likely keep a close eye on how Precision Wires India Limited capitalizes on this new status to drive its export business and overall growth in the coming years.