CWD Ltd's Q3 & 9M FY26 Business Update: Revenue Growth, Capacity Expansion, and Strong Order Book

CWD Limited has reported a robust revenue growth for Q3 FY26, with revenue from operations standing at approximately ₹41 crore. The quarter witnessed strong sequential acceleration, driven by higher execution in the Soundbox and IoT solutions businesses, and improved capacity utilization. The company's cumulative revenue for 9M FY26 stood at approximately ₹81 crore, driven by the continued scaling of the Soundbox (Fintech) vertical and progress in CNIC (Smart Meter Communication) execution. The company has also expanded its manufacturing capacity with the commissioning of a new integrated facility, which is expected to enhance execution capabilities, cost efficiencies, and operating leverage. The company maintains a strong executable order book exceeding ₹200 crore, providing clear revenue visibility over the next 12-18 months.