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Plaza Wires Q3 Net Profit Surges 247% YoY to ₹26.9 Million
Plaza Wires Limited reported a robust performance for the quarter ended December 31, 2025, with revenue from operations growing 50.5% YoY to ₹747.08 million. Net profit witnessed a significant jump of 247%, reaching ₹26.90 million compared to ₹7.75 million in the same quarter last year. The company is currently contesting a substantial GST demand of ₹115.1 million, which includes a 100% penalty. Additionally, the company has started provisioning for the New Labour Codes, impacting employee benefit expenses by approximately ₹2.5 million this quarter.
Key Highlights
Revenue from operations increased 50.5% YoY to ₹747.08 million in Q3 FY26.
Net Profit surged 247% YoY to ₹26.90 million from ₹7.75 million.
Earnings Per Share (EPS) improved to ₹0.66 from ₹0.23 in the corresponding previous year quarter.
Company is appealing a GST demand of ₹115.1 million (₹57.5m tax and ₹57.6m penalty) received from Shimla authorities.
A provision of ₹2.5 million was made for gratuity and compensated absences following the implementation of New Labour Codes.
💼 Action for Investors
Investors should react positively to the strong triple-digit profit growth and healthy revenue expansion. However, the pending GST litigation of ₹115.1 million remains a key risk factor to monitor.
Plaza Wires Q3 Net Profit Jumps 56% YoY to ₹33.98 Million
Plaza Wires Limited reported a strong financial performance for the quarter ended December 31, 2025, with revenue from operations growing 50.5% YoY to ₹747.08 million. Net profit for the quarter increased by 56.2% to ₹33.98 million, up from ₹21.76 million in the corresponding quarter of the previous year. For the nine-month period, the company recorded a total income of ₹2,190.07 million, showing significant growth over the previous year's ₹1,453.09 million. Investors should monitor a pending GST demand of ₹115.1 million which the company is currently contesting.
Key Highlights
Revenue from operations increased 50.5% YoY to ₹747.08 million in Q3 FY26.
Net Profit surged 56.2% YoY to ₹33.98 million, with EPS rising to ₹0.78 from ₹0.42.
Nine-month (9M) Net Profit reached ₹39.14 million compared to ₹28.84 million in the previous year.
Company is contesting a GST demand of ₹115.1 million (including penalty) received in February 2025.
A provision of ₹2.5 million was made in Q3 to account for the implementation of New Labour Codes.
💼 Action for Investors
The strong operational growth is encouraging for a small-cap player; however, investors should remain cautious regarding the potential impact of the ₹115.1 million GST liability if the appeal is unsuccessful.