D.P. Wires Q1 FY27: PAT +32% YoY as margins expand, but down 49% QoQ off Q4 peak
PAT +31.86% YoY · revenue +3.69% · margins expanding
₹130.57 Cr
+3.69% YoY
₹4.74 Cr
+31.86% YoY
3.55%
+0.8pp YoY
₹3.06
D.P. Wires Limited reported standalone Q1 FY27 (quarter ended June 30, 2026) revenue from operations of ₹130.57 Cr, up 3.7% YoY from ₹125.93 Cr and roughly flat QoQ (+1.2%) against ₹129.02 Cr in Q4 FY26. Net profit came in at ₹4.74 Cr, up 31.9% YoY from ₹3.60 Cr, with basic EPS at ₹3.06 versus ₹2.32 a year ago. Neither period carries exceptional items, so this YoY growth is unadjusted and clean. Sequentially, PAT fell 49.5% from ₹9.39 Cr in Q4 FY26 (EPS ₹6.06) — a step-down from what was evidently a stronger fourth quarter rather than deterioration within the year; QoQ revenue was essentially flat, so the sequential move sits entirely on margins.
Q1 FY-2027 vs prior quarters
The YoY earnings growth was margin-led rather than volume-led: net profit margin (on total income) expanded to 3.55% from 2.80% a year ago, with the improvement traced almost entirely to the cost of materials consumed line, which fell to 61.2% of revenue from operations (₹79.89 Cr) versus 68.3% (₹85.99 Cr) in Q1 FY26. That gain was partly offset by other expenses more than doubling YoY to ₹8.43 Cr from ₹4.68 Cr, and by the 'Others (Trading)' segment swinging to a ₹2.07 Cr loss from a ₹0.41 Cr profit a year ago — the trading business, not the core Wire division, is the drag to watch. The Wire division, which supplies roughly 75% of segment revenue, grew its segment result to ₹17.10 Cr from ₹15.23 Cr YoY. Depreciation (₹0.42 Cr vs ₹0.80 Cr) and finance costs (₹0.25 Cr vs ₹0.35 Cr) both eased YoY, adding modestly to the bottom line.
The stock went into the print at ₹195.39, up 5.4% over the past month of trading.
What the summary numbers don't show
No exceptional items in current or comparative periods — unaudited results reviewed by auditors with an unmodified limited-review conclusion
D.P. Wires has no analyst coverage on record, and management issued no formal guidance or outlook in this filing, so both vs-street and vs-guidance read unknown/none — a web search for Q1 FY27 previews or consensus estimates on the stock returned nothing. No press release accompanied the results beyond the standard board-outcome intimation and the auditor's unmodified limited-review report. The quarter's other disclosures — the trading-window closure ahead of results and a June correction of a clerical error in a related-party transaction value — are administrative and not tied to this P&L print.
W1
Trading segment loss (₹2.07 Cr in Q1 FY27 vs ₹0.41 Cr profit a year ago) — watch whether it persists or reverses next quarter
W2
Sequential PAT drop (₹9.39 Cr in Q4 FY26 to ₹4.74 Cr in Q1 FY27) — confirm whether Q1 margins hold or improve into Q2 FY27
W3
Cost of materials consumed at 61.2% of revenue this quarter (vs 68.3% YoY) — watch if this cost tailwind sustains
Only standalone results filed (no consolidated statement in this filing). otherIncome combines the reported 'Other Income' (₹2.9435 Cr) and 'Revenue from Wind Mill Unit' (₹0.2496 Cr) lines to reconcile with the reported Total Income of ₹133.7605 Cr. No exceptional items in current or comparative periods. Figures converted from ₹ Lakhs to ₹ Crore.