Iron & Steel Products company Bansal Wire Industries announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Reported 120.76% jump in net profit to Rs 400.59 million for the Q2FY25. Revenue for Q2FY25 rose 36.79% to Rs 8,254.49 million. EBITDA grew to Rs 681.04 million, up 78.91% compared to Rs 380.66 million in the Q2FY24. H1FY25 Financial Highlights: Net profit was at Rs 715.73 million, up 101.94% YoY. Revenue for the period stood at Rs 16,423.65 million, growing 42.65% YoY;. EBITDA rose 99.18% to Rs 1,303.47 million. Pranav Bansal, MD & CEO, Bansal Wire Industries, 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." Result PDF
Iron & Steel Products company Bansal Wire Industries announced Q1FY25 results: Company’s PAT for the quarter was at Rs 315.1 million rose 82.2% from Rs 173 million Company’s Revenue for Q1FY25 rose 49.1% to Rs 8,169.2 million Commenting on the performance, Pranav Bansal, MD & CEO, Bansal Wire Industries said, “Following the tremendous success of our recent Initial Public Offering (IPO), we are thrilled to announce another outstanding quarterly performance, showcasing our operational efficiencies and capabilities. We anticipate sustained growth momentum throughout FY25 as the Government’s ongoing focus on infrastructure development, automotive industry and an expected increase in capital expenditure, presents a highly favourable environment for our industry. Bansal Wire is strategically positioned to capitalize on these opportunities and drive continued success in the coming years.” Result PDF