Bansal Wire Q2: Revenue rises 28%, net profit dips 4.3%

Shares of Bansal Wire Industries Ltd. fell over 4% on Tuesday, November 4, after the company reported its earnings results for the Q2 ended September 30. 

The company reported a 28% year-on-year (YoY) growth

in revenue to ₹1,055.4 crore for the quarter. Revenue for the same quarter last year stood at ₹825.4 crore.

It reported ₹38.3 crore in net profit, down 4.3% on a year-on-year basis and 2.3% on a sequential basis. Net profit for the same quarter last year stood at ₹40 crore while June quarter reported ₹39.2 crore. 

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 20.2% from last year to ₹76.7 crore, while EBITDA margin decreased by 40 basis points to 7.3% from 7.7% a year earlier.

In July, the company's Managing Director and CEO Pranav Bansal said it is aiming to scale its market share to 10% in the near term, having lined up a ₹600 crore capex for FY26–27. 

Bansal Wire is also ramping up capacity at its newly commissioned Dadri facility, which is expected to reach full utilisation within FY26. Its Sanand facility will start operations in FY27, with full utilisation expected in FY28.

Shares are trading at ₹309.40 on the NSE, down by 4.23% from the day's opening. The stock has been down 10.36% for the past month.