Precision Wires India's 2QFY26 Results Show 18.5% YoY Revenue Growth, 66% YoY EBITDA Growth

Precision Wires India Ltd, a leading manufacturer of enameled round winding wires, reported its 2QFY26 results with a 18.5% YoY increase in revenue and a 66% YoY growth in EBITDA. The strong operational performance was driven by good volumes and higher LME copper price. The demand scenario for winding wires remains strong, led by Power Sector, Consumer Durables, and EVs/ Hybrids. The company is setting up a backward integration copper recycling/ refining project for captive consumption, which is expected to result in a 2x plus increase in EBITDA over FY25-28E.