Vidya Wires Limited has received a positive rating revision from CRISIL Ratings Limited, with the credit rating agency upgrading the company's outlook while maintaining its existing ratings.

Rating Revision Details

CRISIL Ratings Limited has made the following changes to Vidya Wires Limited's credit ratings:

The revision represents an improvement in the company's credit outlook, with CRISIL maintaining confidence in Vidya Wires' creditworthiness while expressing a more optimistic view of its future prospects.

Company Background

Vidya Wires Limited operates as a manufacturer of electrical components, specializing in:

• Super enameled copper wires and strips
• Paper covered copper strips
• Bare copper wires

The company is listed on both BSE Limited (Script Code: 544633) and National Stock Exchange of India Limited (Trading Symbol: VIDYAWIRES).

Regulatory Compliance

The rating revision intimation was communicated to stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alpesh Makwana, Company Secretary and Compliance Officer, signed the disclosure document, ensuring proper regulatory compliance.

Vidya Wires Limited maintains its registered office and factory at Plot No. 8/1-2, GIDC, Vithal Udyognagar, Vallabh Vidyanagar, in Gujarat's Anand district.

Vidya Wires Limited has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, marking the company's first quarterly disclosure following its recent listing on stock exchanges. The Board of Directors approved these results in their meeting held on December 22, 2025.

Financial Performance Highlights

Vidya Wires Limited reported robust Q2FY26 performance with revenue of ₹3,809.38 crores and net profit of ₹105.03 crores, marking significant growth over the previous year. The company demonstrated strong operational performance during Q2FY26, with revenue from operations reaching ₹3,809.38 crores compared to ₹3,639.33 crores in Q2FY25, representing a growth of 4.7%. Net profit for the quarter stood at ₹105.03 crores, marking a significant improvement of 26.1% over the ₹83.29 crores recorded in the corresponding quarter of the previous year.

Half-Year Performance

For the six-month period ended September 30, 2025, Vidya Wires Limited reported revenue from operations of ₹7,926.96 crores compared to ₹7,530.73 crores in H1FY25, reflecting growth of 5.26%. The company's net profit for the half-year period reached ₹227.32 crores, representing an increase of 28.05% over the ₹177.52 crores achieved in the corresponding period of the previous year.

Cost Management and Operational Efficiency

The company maintained effective cost management during the quarter, with total expenses of ₹3,691.21 crores in Q2FY26 compared to ₹3,531.65 crores in Q2FY25. Cost of materials consumed, the largest expense component, stood at ₹3,300.24 crores in Q2FY26. Manufacturing expenses were ₹70.53 crores, while employee benefits expense reached ₹28.56 crores for the quarter.

Balance Sheet Position

As of September 30, 2025, Vidya Wires Limited's total assets stood at ₹3,625.91 crores compared to ₹3,267.51 crores as of March 31, 2025. The company's equity base remained stable at ₹160.00 crores in paid-up equity share capital, with each share having a face value of ₹1. Total equity including other equity components reached ₹1,897.18 crores as of September 30, 2025.

Recent Listing and Corporate Developments

The company's equity shares were listed on BSE Limited and National Stock Exchange of India Limited with effect from December 10, 2025, following a successful Initial Public Offering. The IPO comprised 57.69 million equity shares at ₹52 per share, aggregating to ₹3,000.05 crores. The Board of Directors also authorized key managerial personnel to determine materiality of events for disclosure purposes under SEBI regulations, including Chairman Shyamsundar Rathi, Managing Director Shailesh Rathi, CFO Naveen Pachisia, and Company Secretary Alpesh Makwana.

Future Plans

Vidya Wires Limited aims to expand its production capacity. The company targets a capacity expansion to 37,680 MT, indicating its commitment to growth and meeting increasing market demand.

The financial results have been subject to limited review by statutory auditors O.P. Rathi & Co., and represent the company's first quarterly disclosure as a listed entity in compliance with SEBI listing regulations.