Total Volume (FY26)
18,024 MT
+6.5% YoY
Volume growth driven by higher capacity utilization and new plant contribution.
VIDYAWIRES
Other
15 May 2026
Vidya Wires Ltd — Q4 FY26
Vidya Wires reported a strong FY26 with revenue from operations at ₹1,839.6 crore, up 24.4% YoY, driven by copper price tailwinds and higher capacity utilization.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Vidya Wires reported a strong FY26 with revenue from operations at ₹1,839.6 crore, up 24.4% YoY, driven by copper price tailwinds and higher capacity utilization. EBITDA margin expanded 35 bps to 4.66%, aided by disciplined hedging and cost control. PAT stood at ₹57.6 crore. The new LQ Industries plant commenced production in February, adding 6,000 MT capacity, with total capacity expected to reach 35,000-36,000 MT by Diwali. Management guided for 50-60% utilization of new capacity in FY27 and full utilization by FY28, with better margins from new products like PV ribbon and CTC. Key risk: global shipping disruptions and Middle East tensions could impact export logistics and input costs.
Key Numbers
Export Share
12%
Flat YoY
Export share remained at 12% of total business volume; target is 25%.
New Capacity Addition (LQ)
6,000 MT
New
LQ Industries added 6,000 MT capacity in Feb 2026; total planned capacity 18,000 MT.
Debtor Days
41 days
Improving
Debtor days at 41; management targets reduction to 35 days.
Management Guidance
Capacity expansion to 35,000-36,000 MT by Diwali 2026
Total capacity will increase from current ~19,000 MT to 35,000-36,000 MT by October/November 2026.
Management guidance expansion50-60% utilization of new capacity in FY27
Management expects to utilize 50-60% of the expanded capacity in FY27, with full utilization by FY28.
Management guidance growthBetter EBITDA per ton from new products
New product categories (PV ribbon, CTC, aluminium wires) are expected to yield higher EBITDA per metric ton compared to traditional products.
Management guidance marginsTarget export mix of 25%
Management aims to achieve a 75:25 domestic-export revenue mix over time, up from current 12% export share.
Management guidance growthKey Risks
Global shipping disruptions and Middle East tensions
Ocean freight costs have risen and vessel availability is constrained, impacting both import and export logistics.
medium · management_commentaryWorking capital cycle pressure
Analyst noted OCF conversion is weak; management acknowledged working capital days at 60 and plans to reduce to 50-52 days, but execution risk remains.
medium · analyst_questionCompetitive intensity and capacity additions by peers
Peers are also expanding capacity, which could pressure pricing power; management downplayed but did not quantify impact.
medium · analyst_questionRaw material price volatility
Copper and aluminium price swings could affect revenue and margins despite hedging; management claims insulation but risk remains.
low · data_observationNotable Quotes
We have successfully moved from the investment phase to the operational phase of the subsidiary.
Our EBITDA per metric ton has improved and we are expecting that this will be better considering new product addition.
We are currently in a phased ramp up period. By design, we are not yet at full capacity.
Frequently Asked Questions
What was Vidya Wires's revenue in Q4 FY26?
Vidya Wires reported revenue of ₹599 Cr in Q4 FY26, representing a +24.42% change compared to the same quarter last year.
What guidance did Vidya Wires management give for FY27?
Capacity expansion to 35,000-36,000 MT by Diwali 2026: Total capacity will increase from current ~19,000 MT to 35,000-36,000 MT by October/November 2026. 50-60% utilization of new capacity in FY27: Management expects to utilize 50-60% of the expanded capacity in FY27, with full utilization by FY28. Better EBITDA per ton from new products: New product categories (PV ribbon, CTC, aluminium wires) are expected to yield higher EBITDA per metric ton compared to traditional products. Target export mix of 25%: Management aims to achieve a 75:25 domestic-export revenue mix over time, up from current 12% export share.
What are the key risks for Vidya Wires in FY27?
Key risks include Global shipping disruptions and Middle East tensions — Ocean freight costs have risen and vessel availability is constrained, impacting both import and export logistics.; Working capital cycle pressure — Analyst noted OCF conversion is weak; management acknowledged working capital days at 60 and plans to reduce to 50-52 days, but execution risk remains.; Competitive intensity and capacity additions by peers — Peers are also expanding capacity, which could pressure pricing power; management downplayed but did not quantify impact.; Raw material price volatility — Copper and aluminium price swings could affect revenue and margins despite hedging; management claims insulation but risk remains..
Did Vidya Wires meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Vidya Wires Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.