Bansal Wire Q2 FY25 net profit up 120.76% to ? 400.59 Mn
· Company’s EBITDA for the quarter is at INR 681.04 Mn, rising 78.91% from INR 380.66 Mn
· Company’s Revenue for Q2 FY25 rose 36.79% to INR 8,254.49 Mn
11th November, 2024, Mumbai: Bansal Wire Industries Limited, country’s largest stainless steel wire manufacturing company and second largest steel wire manufacturing company by volume, reported 120.76% jump in net profit to INR 400.59 Mn for the second quarter ended September 30, 2024. The Company’s revenue for Q2 FY25 rose 36.79% to INR 8,254.49 Mn; while EBITDA grew to INR 681.04 Mn, up 78.91% compared to INR 380.66 Mn in the corresponding period of last year.
For the first half ended September 30, 2024, the Company’s net profit was at INR 715.73 Mn, up 101.94% YoY. Revenue for the period stood at INR 16,423.65 Mn, growing 42.65% YoY; while EBITDA rose 99.18% to INR 1,303.47 Mn.
Consolidated Q2 FY25 Financial Highlights (INR in Mn)
|
Particulars |
Q2 FY25 |
Q2 FY24 |
% YoY |
H1 FY25 |
H1 FY24 |
% YoY |
|
Revenue |
8,254.49 |
6,034.50 |
36.79 |
16,423.65 |
11,513.58 |
42.65 |
|
EBITDA |
681.04 |
380.66 |
78.91 |
1,303.47 |
654.41 |
99.18 |
|
EBITDA Margin (%) |
8.21 |
6.29 |
30.48 |
7.91 |
5.67 |
39.49 |
|
PAT |
400.59 |
181.46 |
120.76 |
715.73 |
354.42 |
101.94 |
|
PAT Margin (%) |
4.83 |
3.00 |
61.00 |
4.34 |
3.07 |
41.42 |
Commenting on the performance, Mr. Pranav Bansal, MD & CEO, Bansal Wire Industries Limited said, "We are pleased to report sustained growth, propelled by strong demand and the progressive operationalization of our Dadri facility. I am proud to share that we are well on course to fully commission the facility by the fiscal year-end. The second quarter saw a strong order inflow, and we expect this momentum to carry into H2, supported by continued economic growth and increase in infrastructure spending. We are building a solid foundation through a diversified product portfolio along with an expansion in retail distribution network, which will enhance our margins as we advance into high-value product segments and deepen our presence in the B2C market."
About Bansal Wire Industries Limited
Bansal Wire Industries Limited is a part of Bansal Group which started in 1938. It is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume. With a legacy of more than 85 years, it has a diversified portfolio, catering to a wide range of sectors such as automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture and auto replacement.
For Further information, please contact:
Ishank Garg, Adfactors PR: 9711035025
Arpit Sharma, Adfactors PR: 9711173793
