Bansal Wire Industries Reports Q1 FY27 Results: Revenue Up 24% to ₹1,167.9 Crore, Secures Trial Order for Steel Tyre Cord

Bansal Wire Industries Limited, India's largest stainless steel wire manufacturer and second-largest overall steel wire producer, announced its consolidated financial results for the first quarter ended June 30, 2026. The company demonstrated strong top-line expansion, driven by volume growth across its product categories, even as margins experienced pressure during the period.

Executive Financial Summary

Revenue from Operations: Rose 24.4% year-on-year (YoY) to ₹11,678.9 million (₹1,167.89 crore) in Q1 FY27, compared to ₹9,390.1 million reported in Q1 FY26 (CPLY).

EBITDA (including Other Income): Stood at ₹567.1 million for Q1 FY27, down 23.8% YoY compared to ₹744.6 million in Q1 FY26.

EBITDA Margin: Contracted by 300 basis points (bps) YoY to 4.9% in Q1 FY27, down from 7.9% in Q1 FY26.

Profit After Tax (PAT): Came in at ₹204.6 million for the quarter, reflecting a 47.9% YoY decrease compared to ₹392.8 million in the corresponding period of the previous year.

PAT Margin: Stood at 1.8% for Q1 FY27, declining by 240 bps from 4.2% in Q1 FY26.

Key Strategic & Business Developments

Breakthrough Order in Auto Segment: Bansal Wire successfully secured a trial purchase order for its specialized product "Steel Tyre Cord" from one of India's leading tyre manufacturers. This marks a strategic milestone for the company as it expands into high-value automotive supply chains.

Comparative Performance Context

The quarter's performance reflects a continuing revenue expansion momentum seen over recent financial years, alongside margin normalisation:

FY26 Annual Context: For the full year FY26, the company recorded total revenue of ₹41,597.9 million (up 18.6% from ₹35,071.7 million in FY25) with an annual EBITDA of ₹3,234.8 million (up 17.3% YoY).

Margin Dynamics: While Q1 FY27 margins faced compressed realisations, the company continues to focus on operational scale and product diversification into high-margin segments like Steel Tyre Cords to bolster long-term profitability.

Commenting on the performance, Mr. Pranav Bansal, MD & CEO, Bansal Wire Industries Limited said, "We are pleased with the strategic progress achieved during the quarter despite a challenging operating environment. Key growth initiatives advanced well, reinforcing our confidence in the Company's medium to long term growth trajectory.

During the quarter, geopolitical tensions in West Asia temporarily impacted demand and disrupted industrial gas supplies, affecting production and volumes. The profitability during the first half of the quarter was impacted by higher input costs and operational disruptions. However, business conditions improved meaningfully during the latter half of the quarter. Through swift operational measures and the use of alternative energy sources, we stabilised operations and delivered 1,11,962 MT during this period, reflecting a strong recovery in execution.

Our Steel Tyre Cord secured its first trial order from a leading Indian tyre manufacturer, marking an important step towards commercialisation in a market that is currently import dependent., while the IHT Wire business continued to progress with customer approvals underway. Also, we broadened our B2C footprint by introducing new products in the farming, fencing, and poultry segments, creating a new growth platform for the Company.

While market conditions remained challenging during the quarter, our fundamentals remain strong. As conditions normalise, we remain on track to deliver our growth targets of volumes and EBITDA for the remaining year and continue to create sustainable long-term value for our stakeholders."

Shares of Bansal Wire Industries Limited was last trading in BSE at Rs. 314.25 as compared to the previous close of Rs. 334.25. The total number of shares traded during the day was 66650 in over 1242 trades.

The stock hit an intraday high of Rs. 351.00 and intraday low of 305.90. The net turnover during the day was Rs. 21796165.00.

Source : Equity Bulls

Keywords

BansalWireIndustries IronandSteelProducts INE0B9K01025 Q1FY27 Q1FY2027 ResultUpdate