Excellent Wires and Packaging Approves Audited Financial Results for Half Year and Year Ended March 31, 2026
Excellent Wires and Packaging Limited (EXCELLENT) announced that its Board of Directors reviewed and approved the Standalone and Consolidated Audited Financial Results for the half year and the full year ended March 31, 2026, during the board meeting held on May 12, 2026.The company released the results, which were audited by Bohara Shah & Co, Chartered Accountants. The auditors expressed an unmodified opinion on both the standalone and consolidated financial results for the period.
Standalone Financial Performance
The standalone financial results for the half year and year ended March 31, 2026, showed the company's operational performance.For the standalone financials, the reported numbers are as follows:
| Particulars | 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|
| Revenue from operations | 7271.67 | 1170.34 |
| Other income | 10.91 | 23.18 |
| Total Income from operations (net) | 7282.54 | 1193.53 |
| Total expenses | 7144.14 | 7096.79 |
| Profit/(Loss) from operations before exceptional items and tax | 134.44 | 96.73 |
| Profit/(Loss) before tax | 134.44 | 96.73 |
| Total Tax | 2436 | 19.40 |
| Net Profit/(Loss) after tax | 706.07 | 44.96 |
Standalone Financial Position
The audited standalone balance sheet reveals the company's financial position on March 31, 2026, compared to the previous year.| Particulars | 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|
| EQUITY AND LIABILITIES | ||
| Shareholders' funds (Share capital) | 447.00 | 447.00 |
| Shareholders' funds (Reserves and surplus) | 1515.80 | 1464.77 |
| TOTAL EQUITY AND LIABILITIES | 2391.75 | 2005.24 |
| ASSETS | ||
| Tangible assets | 375.51 | 414.45 |
| Capital Work in Progress | 480.51 | 144.93 |
| Long term loans and advances | 229.94 | 4.04 |
| Inventories | 198.98 | 341.59 |
| Trade receivables | 665.00 | 423.24 |
| Cash and Bank Balance | 16.03 | 621.24 |
| Other Current Assets | 378.97 | 185.01 |
| TOTAL ASSETS | 2397.75 | 2005.24 |
Group Consolidated Financial Results
The audit covered the consolidated financial results, including the subsidiary Kinsh Impex Limited. For the consolidated results, the total income from operations (net) reached 7,291.97 Lakhs for the half year ending March 31, 2026. The net profit after tax for the consolidated entity stood at 151.03 Lakhs.The consolidated cash flow statement for the year ended March 31, 2026, reflected the following activities:
| Particulars | 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|
| Net cash from operating activities | 134.85 | -57.52 |
| Net cash used in investing activities | 79.63 | -815.69 |
| Net cash used in financing activities | -2.79 | 1392.76 |
| Cash and cash equivalents at end of the year | 16.03 | 74.04 |
Key Management Directives
During the board meeting, the company confirmed its corporate activities, including the incorporation of a wholly owned subsidiary, Kinsh Impex Limited, on October 23, 2025, aimed at exploring business opportunities in jewellery and non-ferrous metals.The company's operating segment, based on its products, includes Wire & Wire Products, with separate segment reporting not applicable.
The financial results for the half year ended March 31, 2026, are derived as balancing figures between the audited figures of the full financial year ended March 31, 2026, and the published unaudited year to date figures up to the half year of the current financial year.
For comprehensive details, the company also provided the following information regarding the utilization of IPO proceeds:
| Object of Issue as per Prospectus | Amount Stated in Prospectus | Utilisation up to 31st March 2026 | Amount Pending |
|---|---|---|---|
| Acquisition of Land and construction of Building | 723.47 | 723.47 | - |
| 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 |
Rachit Masalia, Managing Director, signed the reports dated May 12, 2026, confirming the approval of the financial results.
EXCELLENT Stock Price Movement
Excellent Wires and Packaging Limited shares today shed 0.37% in trading, closing at ₹136.50. Despite the slight pullback, the stock remains robust, having previously marked its 52-week high at the same level of ₹136.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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