| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 924.61 | 12.0% |
| Total Income | 925.72 | 11.6% |
| Expenditure | 867.61 | 12.3% |
| PBT | 58.10 | 2.2% |
| Net Profit | 41.68 | 4.0% |
| OPM | 4.54% | |
| NPM | 4.50% | |
| EPS | 2.66 | 817.2% |
Bansal Wire Industries Ltd Reports 171.9% YoY Increase in Net Profit to X416.8 Mn for Q3 FY25
29 Jan 2025 · 29 Jan 2025, 09:37 pm
Summary
Bansal Wire Industries Limited, a leading stainless steel wire manufacturing company, reported a significant increase in net profit for the third quarter ended December 31, 2024. The company's net profit surged by 171.9% YoY to X416.8 Mn, while revenue rose by 52.6% to X 9,246.1 Mn. EBITDA also grew by 98.7% to X 731.3 Mn.
Key Highlights
- 1
Q3 FY25 net profit up 171.9% to X416.8 Mn
- 2
Company's revenue for Q3 FY25 rose 52.6% to X 9,246.1 Mn
- 3
EBITDA for the quarter was at X 731.3 Mn, rising 98.7%
- 4
For the nine-month ended December 31, 2024, the Company’s net profit was at X 1,132.5 Mn, up 123.1% YoY
- 5
Company commenced production at its specialty wire vertical in Dadri with a market potential of 450,000 tons
Management Comments
Mr. Pranav Bansal
During the quarter, we delivered resilient financial performance and strong operational execution, ramping up new lines for value-added products and driving value-driven volume expansion while sustaining momentum through growth initiatives. In the Indian steel wire market, we are advancing with innovative, sustainable solutions, with 70% renewable energy usage in some plants and progress toward water positivity, alongside exploring green steel for new products. Leveraging automotive expertise, we are introducing advanced products to enhance tyre efficiency, rolling resistance, and fuel economy. While challenges like fluctuating raw material prices and geopolitical risks persist, international expansion in the US and Europe offers significant opportunities. We are committed to product quality and will soon be the only Indian company with an in-house R&D wing for new product development.
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