Precision Wires India Limited is an India-based company, which is engaged in the manufacturing of enameled round and rectangular copper winding wires, continuously transposed conductors (CTC) and paper/mica/Nomex insulated copper conductors (PICC) which are used by the electrical/electronic industries. It operates in winding wires made of copper segment. Its products include enameled round winding wires, enameled rectangular winding wires, continuously transposed conductors, paper-insulated copper conductors, and submersible winding wires. Its enameled round copper wires are used in electrical machines such as motors, generators, transformers, household appliances, auto-electrical, refrigeration (hermetic) motors, electrical hand tools, fans, switchgear, coils and relays, ballasts and more, mainly in low voltage applications. Its submersible winding wires are used in submersible pumps/motors of all sizes for agricultural, domestic, and industrial applications.
Precision Wires India Financial Highlights
- Revenue: Precision Wires India reported revenue of ₹845.10 crore in FY16 vs ₹884.03 crore in FY15. It showed a decrease of 4.40% on a yearly basis.
- Operating Profit: Precision Wires India reported an operating profit of ₹26.60 crore in FY16 vs ₹16.78 crore in FY15. It showed an increase of 58.52% on a year-on-year basis.
- Net Profit: Precision Wires India reported a net profit of ₹17.03 crore in FY16 vs ₹10.10 crore in FY15. It showed an increase of 68.61% on a yearly basis.
Precision Wires India Quarterly Result Highlights
- Precision Wires India reported revenue of ₹210.18 crore in Mar 2016, compared with ₹190.15 crore in Dec 2015, representing an increase of 10.53% on a quarter-on-quarter (QoQ) basis.
- Precision Wires India reported an operating profit of ₹7.46 crore in Mar 2016, compared with ₹5.40 crore in Dec 2015, representing an increase of 38.15% on a quarter-on-quarter (QoQ) basis.
- Precision Wires India reported a profit of ₹4.96 crore in Mar 2016, compared with ₹3.34 crore in Dec 2015, reflecting an increase of 48.50% on a QoQ basis.
- The earnings per share (EPS) of Precision Wires India stood at ₹7.33 during Mar 2016.