Vidya Wires Limited has released the transcript of its Q2 FY2026 earnings conference call, which was held on Wednesday, December 24, 2025, at 11:00 AM IST. The transcript is available on the company's website. During the call, the management, including Managing Director Mr. Shailesh Rathi and CFO Mr. Naveen Pachisia, discussed the company's performance, strategic priorities, and industry outlook. Vidya Wires, a leading manufacturer of winding and conductivity products, highlighted its market position, diversified product portfolio, and backward integrated manufacturing model. The company is expanding its manufacturing capacity by nearly doubling it to 37,680 metric tons per annum through a new facility, ALCU Industries, which is expected to contribute significantly to the topline. The company also plans to broaden its product range and increase its export contribution to 25% of revenues. Financially, for H1 FY2026, consolidated revenues increased by 5.1% year-on-year to ₹793 Crores. EBITDA grew by 19% to ₹34 Crores, with an improved EBITDA margin of 4.3%. PAT grew by nearly 30% to ₹23 Crores, with a PAT margin of 2.8%. The company also noted a strong three-year track record with revenue CAGR of 21.23%, EBITDA CAGR of 33.86%, and PAT CAGR of 37.86%. IPO proceeds of ₹274 Crores are being prudently deployed for capital expenditure at ALCU Industries (₹140 Crores) and repayment of borrowings (₹100 Crores). The management addressed questions regarding capacity expansion progress, new product approvals, working capital management, and copper price fluctuations. They confirmed that the new facility's construction is over 75% complete and operations are expected to commence in phases starting from the last quarter of the current fiscal year, with full commissioning within four to five months. The company reiterated its back-to-back pricing model, ensuring that copper price increases are passed on to customers, thus protecting margins. They also highlighted efforts to reduce receivable and inventory days to improve operating cash flows.