Excellent Wires and Packaging Limited reported audited standalone and consolidated financial results for the year ended March 31, 2026, showing a 35% increase in net profit to ₹151.03 Lakhs. Revenue from operations rose to ₹2,264.42 Lakhs. The Board approved the utilisation of unutilised IPO proceeds of ₹1.45 Crores for land acquisition. Capital Work in Progress increased significantly to ₹480.51 Lakhs.
Excellent Wires and Packaging Limited has reported its audited standalone and consolidated financial results for the half year and year ended March 31, 2026. The Board of Directors approved the results at its meeting held on May 12, 2026. The statutory auditor, M/s Bohara Shah & Co., issued an unmodified opinion on both standalone and consolidated financial results. The company operates in the wire and wire products segment under a single business segment.
Standalone Financial Performance
On a standalone basis, the company delivered a strong performance for the year ended March 31, 2026. Revenue from operations stood at ₹2,264.42 Lakhs compared to ₹2,219.49 Lakhs in the previous year. Total income from operations rose to ₹2,291.97 Lakhs from ₹2,243.90 Lakhs. Net profit after tax grew to ₹151.03 Lakhs from ₹111.67 Lakhs. Basic and diluted earnings per share (not annualised) for the full year stood at ₹3.38 against ₹2.87 in the prior year.
The following table presents the key standalone financial metrics:
Metric: H2 FY26 (Audited) H2 FY25 (Unaudited) FY26 (Audited) FY25 (Audited) Revenue from Operations (₹ Lakhs): 1,271.67 1,170.34 2,264.42 2,219.49 Other Income (₹ Lakhs): 10.91 23.18 27.55 24.41 Total Income (₹ Lakhs): 1,282.58 1,193.53 2,291.97 2,243.90 Total Expenses (₹ Lakhs): 1,148.14 1,096.79 2,094.13 2,098.11 Profit Before Tax (₹ Lakhs): 134.44 96.73 197.85 145.79 Net Profit After Tax (₹ Lakhs): 106.07 77.33 151.03 111.67 Basic & Diluted EPS (₹): 2.37 1.99 3.38 2.87
Consolidated Financial Performance
The consolidated results for the year ended March 31, 2026 include the financials of the wholly owned subsidiary, Kinsh Impex Limited, incorporated on October 23, 2025. On a consolidated basis, total income from operations was ₹2,291.97 Lakhs for FY26 against ₹2,243.90 Lakhs in FY25. Consolidated net profit after tax for the year stood at ₹150.96 Lakhs compared to ₹111.67 Lakhs in the prior year. Basic and diluted EPS (not annualised) for the full year remained at ₹3.38.
Metric: H2 FY26 (Audited) H2 FY25 (Unaudited) FY26 (Audited) FY25 (Audited) Revenue from Operations (₹ Lakhs): 1,271.67 1,170.34 2,264.42 2,219.49 Total Income (₹ Lakhs): 1,282.58 1,193.53 2,291.97 2,243.90 Total Expenses (₹ Lakhs): 1,148.22 1,096.79 2,094.20 2,098.11 Profit Before Tax (₹ Lakhs): 134.36 96.73 197.77 145.79 Net Profit After Tax (₹ Lakhs): 106.00 77.33 150.96 111.67 Basic & Diluted EPS (₹): 2.37 1.99 3.38 2.87
Balance Sheet Highlights
As at March 31, 2026, the standalone balance sheet reflects total assets of ₹2,391.75 Lakhs, up from ₹2,005.24 Lakhs a year earlier. Shareholders' funds comprised share capital of ₹447.00 Lakhs and reserves and surplus of ₹1,615.80 Lakhs. Capital Work in Progress increased significantly to ₹480.51 Lakhs from ₹14.93 Lakhs. Cash and bank balance stood at ₹15.99 Lakhs as at March 31, 2026, compared to ₹621.24 Lakhs in the prior year. Short-term borrowings of ₹176.98 Lakhs were recorded during the year, against nil in the previous year.
Balance Sheet Item: FY26 (₹ Lakhs) FY25 (₹ Lakhs) Share Capital: 447.00 447.00 Reserves & Surplus: 1,615.80 1,464.77 Short-term Borrowings: 176.98 0.00 Trade Payables: 120.27 63.64 Tangible Assets: 375.51 414.85 Capital Work in Progress: 480.51 14.93 Inventories: 198.98 341.59 Trade Receivables: 665.00 423.24 Cash and Bank Balance: 15.99 621.24 Total Assets: 2,391.75 2,005.24
IPO Fund Utilisation
The company disclosed a Statement of Deviation or Variation in the utilisation of IPO proceeds for the quarter ended March 31, 2026. The company had raised ₹1,260.00 Lakhs through its IPO. Shareholders approved a variation to utilise the unutilised balance of ₹1.45 Crores originally allocated under "General Corporate Purpose" towards "Acquisition of Land and Construction of Building." An unutilised balance of ₹50.45 Lakhs remains under the "Acquisition of Plant & Machineries" object.
Object of Issue: Amount in Prospectus (₹ Lakhs) Utilised up to March 31, 2026 (₹ Lakhs) Pending Utilisation (₹ Lakhs) Acquisition of Land and Construction of Building: 723.87 723.87 - Acquisition of Plant & Machineries: 200.00 149.55 50.45 Funding Additional Working Capital Requirements: 150.00 150.00 - General Corporate Purposes: 86.13 86.13 - Offer Expenses: 100.00 100.00 - Total: 1,260.00 1,209.55 50.45
Corporate Notes
During the year ended March 31, 2025, the company issued bonus shares in the ratio of 7:1 and completed a preferential issue of 2,70,000 equity shares at ₹90 per share. The company also completed its IPO of 14,00,000 equity shares at ₹90 per share. The paid-up equity share capital as at March 31, 2026 stood at ₹447.00 Lakhs (face value of ₹10 each).
Excellent Wires And Packaging has received regulatory approval from the Directorate General of Foreign Trade (DGFT) for a Tariff Rate Quota (TRQ) license to import gold bars from the United Arab Emirates. This development marks a significant milestone for the company as it expands its operational capabilities in the precious metals sector.
Regulatory Approval Details
The DGFT has granted the company authorization to import gold bars specifically from the UAE under the TRQ framework. This license enables Excellent Wires And Packaging to participate in gold import activities, representing a strategic expansion of the company's business operations beyond its traditional sectors.
Strategic Implications
The approval of the TRQ license positions the company to engage in precious metals trading, potentially diversifying its revenue streams. The specific authorization for UAE imports allows the company to tap into one of the region's key gold trading markets, providing access to established supply chains and competitive pricing structures.
TRQ Framework Benefits
The Tariff Rate Quota system provides importers with preferential tariff treatment for specified quantities of goods, making this approval particularly valuable for the company's gold import operations. This regulatory framework is designed to facilitate trade while maintaining appropriate oversight of precious metals imports.
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