Vidya Wires Q2 FY27 Results: Standalone Net Profit ₹16.48 Crore on Total Income of ₹483 Crore
- Earnings
Reviewed byKeshav SehgalBlacklitt Research
Vidya Wires (NSE: VIDYAWIRES) reported standalone total income of ₹482.66 crore and net profit of ₹16.48 crore for the quarter ended 30 Sep 2026, it said in a filing on 4 Nov 2026.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹482.66 crore, up 25.8% YoY and down 3.2% QoQ
- Net profit and EPS: ₹16.48 crore, up 57.6% YoY; basic EPS ₹0.77 against ₹0.65
- Finance costs: ₹1.46 crore, down 51.2% YoY
- Tax demand under appeal: ₹24.73 crore; no provision recognised for it
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 482.66 | 383.57 | +25.8% | 498.48 | -3.2% | |
| Revenue from operations | 476.88 | 380.94 | +25.2% | 493.41 | -3.4% |
| Other income | 5.77 | 2.63 | +119.7% | 5.07 | +13.9% |
| 16.48 | 10.46 | +57.6% | 16.67 | -1.1% | |
| Profit before tax | 22.04 | 14.45 | +52.6% | 22.38 | -1.5% |
| Finance costs | 1.46 | 2.99 | -51.2% | 0.39 | +276.3% |
| Depreciation | 0.67 | 0.77 | -13.5% | 0.67 | -1.0% |
| Tax expense | 5.55 | 3.99 | +39.3% | 5.71 | -2.7% |
| Net profit margin | 3.42% | 2.73% | +0.69 pp | 3.34% | +0.07 pp |
| EPS, basic (₹) | 0.77 | 0.65 | +18.5% | 0.78 | -1.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew faster than income over the year. Net profit rose 57.6% to ₹16.48 crore from ₹10.46 crore, while total income rose 25.8% to ₹482.66 crore from ₹383.57 crore. Profit before tax rose 52.6% to ₹22.04 crore, and tax expense rose 39.3% to ₹5.55 crore. Tax expense equals 25.2% of profit before tax.
Other income rose much faster than revenue from operations. Other income was ₹5.77 crore against ₹2.63 crore a year earlier, up 119.7%, while revenue from operations rose 25.2% to ₹476.88 crore. Other income equals 26.2% of profit before tax and 1.2% of total income. The reason for the rise in other income is not given.
Finance costs fell year on year and rose from the June quarter. They were ₹1.46 crore against ₹2.99 crore a year earlier, down 51.2%, and 0.3% of total income. Against the June quarter, finance costs rose 276.3%. Sequentially, total income fell 3.2% and net profit fell 1.1% to ₹16.48 crore from ₹16.67 crore, while basic EPS moved from ₹0.78 to ₹0.77.
The shares have been listed on BSE and NSE since 10 Dec 2025, after an IPO of 57.69 million equity shares at ₹52 each that aggregated ₹300.01 crore, including a fresh issue of ₹274.00 crore and an offer for sale of ₹26.01 crore. By 30 Sep 2026 the company had used ₹124.25 crore of the ₹140.00 crore set for a new project in its subsidiary, leaving ₹15.75 crore unused, and had used all ₹100.00 crore earmarked for repaying borrowings.
Inference
The Income-tax Department raised an aggregate tax demand of ₹24.73 crore against the company for the block period from 1 Apr 2018 to 23 Apr 2025, following a search in Feb 2025. The company appealed before the Commissioner of Income-tax (Appeals) on 26 Jun 2026, and the matter is pending adjudication. The matter is considered a contingent liability, and no provision has been recognised in the results.
On the balance sheet, loans to subsidiaries rose to ₹148.67 crore at 30 Sep 2026 from ₹112.00 crore at 31 Mar 2026, trade receivables to ₹224.21 crore from ₹198.96 crore, and inventories to ₹146.38 crore from ₹121.48 crore. Net cash used in operating activities was ₹15.72 crore for the six months to 30 Sep 2026, against ₹2.22 crore a year earlier. Reasons for the operating outflow and for the loan to the subsidiary are not given.
Alcu Industries Private Limited, a wholly owned subsidiary, is included in the consolidated results. Before consolidation adjustments, it reported revenue from operations of ₹170.18 crore and a net profit after tax of ₹45.60 lakh for the half year to 30 Sep 2026. The statutory auditors, O.P. Rathi & Co., issued a limited review report on the standalone results, and the notes say they expressed an unmodified review conclusion.
Filed with BSE on . Reference: Original filing (PDF)
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