Vidya Wires Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 Aug 2026 | Industrial Products | Market Cap: ₹1.9K Cr
Capacity expansion underway to nearly double manufacturing capacity from 19,680 MT to 37,680 MT by early 2026, expected to significantly boost revenues. Revenue CAGR for FY2023 to FY2025 was 21.23%, indicating strong growth momentum. - EBITDA CAGR during the same period was 33.86%, with margins improving by 50 basis points to 4.3%. - PAT CAGR stood at 37.86% with PAT margin increasing to 2.8%, signaling robust profit growth. - EPS grew by 29% to Rs.
From Vidya Wires Ltd's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.
Price
₹85
Market Cap
₹1.9K Cr
P/E Ratio
30.4
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Vidya Wires Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹599 Cr, net profit ₹20 Cr.
Full financials →📊 Revenue & Sales Performance
- →Capacity expansion underway to nearly double manufacturing capacity from 19,680 MT to 37,680 MT by early 2026, expected to significantly boost revenues.
- →Current capacity utilization is around 90%; post-expansion, initial utilization expected at 55-60%, targeting ~26,000-27,000 MT volume.
- →Revenue CAGR of 21.23% over FY2023-25, with EBITDA and PAT growth outpacing revenue.
- →Export share targeted to increase from 13-18% to 22-25% post-expansion.
- →Growth driven by new product lines (expanding from 12 to 18 product categories) including high-voltage and specialty products linked to renewables and EV sectors.
- →Domestic market expected to remain strong, currently 86% of revenues.
- →Strong industry growth outlook with India’s power generation set to double by 2032 and rising demand from electrification, renewables, and EVs.
- →Operating leverage expected as fixed costs grow slower relative to revenue, aided by full price pass-through model for copper/aluminium.
📈 Profitability & Margins
- →Revenue CAGR for FY2023 to FY2025 was 21.23%, indicating strong growth momentum.
- →EBITDA CAGR during the same period was 33.86%, with margins improving by 50 basis points to 4.3%.
- →PAT CAGR stood at 37.86% with PAT margin increasing to 2.8%, signaling robust profit growth.
- →EPS grew by 29% to Rs. 1.41 in H1 FY2026, reflecting improving shareholder returns.
- →Capacity expansion nearly doubling to 37,680 metric tons is expected to drive higher revenues.
- →New product lines focused on high-growth segments (e.g., EVs, solar cables) are likely margin accretive.
- →Export revenues targeted to increase from 14% to 22-25% of total, supporting growth.
- →Operating leverage expected to improve with higher capacity utilization (~90% currently, expanding further).
- →Full commissioning of new capacities expected by early FY2027 should further boost earnings.
- →Sustainable cost benefits from renewable energy usage will aid margin stability and growth.
🏗️ Capital Expenditure Plans
- →Vidya Wires is nearly doubling its manufacturing capacity from 19,680 MT to 37,680 MT through a new facility at Narsanda via subsidiary ALCU Industries.
- →Rs. 140 Crores of IPO proceeds allocated for capital expenditure at ALCU Industries to support this expansion and new product lines.
- →Construction of the new facility is over 75-80% completed, with phased operations expected to begin in the last quarter (around January/February 2026), full capacity operational within 4-5 months thereafter.
- →Expansion includes broadening product portfolio from 12 to 18-20 categories, including high voltage products, enamelled aluminium products, PV ribbons, copper foils etc.
- →The new products are aimed to be margin accretive and cater to growth segments like renewables and electric vehicles.
- →Rs. 100 Crores from IPO proceeds allocated for repayment of borrowings to reduce leverage and improve financials.
💰 Fundraising & Capital Structure
- →As per the earnings call transcript dated December 24, 2025, Vidya Wires Limited raised Rs. 274 Crores through an IPO.
- →Out of this, Rs. 100 Crores were allocated for repayment of borrowings, aimed at reducing leverage, lowering finance cost, and improving the debt-equity ratio.
- →There is no mention of any immediate or future plans for new fundraising through additional debt or equity beyond the IPO proceeds utilization.
- →The company’s focus appears to be on utilizing the IPO funds for capacity expansion and deleveraging.
- →No disclosures or comments in the transcript indicate plans for further debt or equity raising in the near term.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Vidya Wires Ltd Q2 FY26 results?
Capacity expansion underway to nearly double manufacturing capacity from 19,680 MT to 37,680 MT by early 2026, expected to significantly boost revenues. Revenue CAGR for FY2023 to FY2025 was 21.23%, indicating strong growth momentum. - EBITDA CAGR during the same period was 33.86%, with margins improving by 50 basis points to 4.3%. - PAT CAGR stood at 37.86% with PAT margin increasing to 2.8%, signaling robust profit growth. - EPS grew by 29% to Rs.
What is Vidya Wires Ltd share price analysis?
Vidya Wires Ltd currently shows a neutral. The stock trades at a P/E of 30.4 with a market cap of ₹1,903 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vidya Wires Ltd planning capital expenditure?
Vidya Wires is nearly doubling its manufacturing capacity from 19,680 MT to 37,680 MT through a new facility at Narsanda via subsidiary ALCU Industries.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.