Stainless steel wires maker Bansal Wire Industries has reported over twofold rise in consolidated profit after tax (PAT) at Rs 41.6 crore, backed by higher revenues. It had posted a Rs 17.2 crore PAT in the year-ago quarter, the company said in a statement on Friday. Revenues rose 52.6 per cent to Rs 924.6 crore from Rs 606 crore in October-December 2023-24. The EBIDTA (earnings before interest, taxes, depreciation, and amortization) rose 99 per cent to Rs 73.1 crore from Rs 35.8 crore a year ago. "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," company's MD & CEO Pranav Bansal said. On the outlook for wire industry, he said challenges like fluctuating raw material prices and geopolitical risks persist and international expansion in the US and Europe offer significant opportunities.

Bansal Wire Industries Ltd. has gained 37.36% in the last 1 Year

Bansal Wire Industries Ltd.

29 Jan 2025

351.65

-0.86%

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Bansal Wire Industries Ltd.

11 Nov 2024

351.65

-0.86%

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Bansal Wire Industries Ltd.

26 Aug 2024

351.65

-0.86%

Bansal Wire Shares Jump After Investec Initiates Buy'

NDTV Profit

The brokerage raised the target price to Rs 440 per share, indicating an upside of nearly 25%.

Bansal Wire Industries Ltd. has gained 37.36% in the last 1 Year

Bansal Wire Industries Ltd.

23 Aug 2024

351.65

-0.86%

Bansal Wire Eyes 2025% Revenue Growth After Capacity Expansion

NDTV Profit

'This expansion will enable us to meet growing demand and strengthen our position in the market,' the CEO says.

Bansal Wire Industries Ltd. is trading below all available SMAs

Bansal Wire Industries Ltd.

01 Aug 2024

351.65

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Bansal Wire Industries Ltd.

10 Jul 2024

351.65

-0.86%

Bansal Wire makes stellar debut; lists at 39% premium over issue price

Business Standard

The stock listed at Rs 356, a 39 per cent premium over its issue price of Rs 256 per share on the National Stock Exchange NSE on Wednesday.

Bansal Wire Industries Ltd. has gained 37.36% in the last 1 Year

Bansal Wire soars with 39.4% listing gains on stock debut

Business Line | 10 Jul 2024

Bansal Wire Industries Ltd.

04 Jul 2024

351.65

-0.86%

Bansal Wire Industries' IPO gets subscribed 5.72 times on Day 2 of offer

Business Standard

The initial public offer of steel wire manufacturer Bansal Wire Industries received 5.72 times subscription on the second day of bidding on Thursday. The initial share sale received bids for 12,28,12,970 shares against 2,14,60,906 shares on offer, according to NSE data. The quota for non-institutional investors was subscribed 12.16 times while the portion for Retail Individual Investors (RIIs) fetched 6.18 times subscription. The Qualified Institutional Buyers (QIBs) part received a mere 9 per cent subscription. Bansal Wire Industries on Tuesday said it has collected over Rs 223 crore from anchor investors. The public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component. The issue, with a price band of Rs 243-256 per share, will close for public subscription on July 5. Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes. Bansal Wire Indus

30.22% Fall from 52W High

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