Bansal Wire Industries Limited — Updates, 11-11-2024: Press Release

Bansal Wire Industries Limited reported a net profit of ₹400.59 Mn for Q2 FY25, marking a significant increase of 120.76% year-on-year. Revenue for the quarter climbed 36.79% to ₹8,254.49 Mn, with EBITDA rising 78.91% to ₹681.04 Mn, highlighting improving operational efficiency. For the first half of FY25, net profit reached ₹715.73 Mn, up 101.94% YoY, while revenue increased by 42.65% to ₹16,423.65 Mn.

Management attributed the strong performance to robust demand and the operational progress of their Dadri facility, which is expected to be fully commissioned by fiscal year-end. They anticipate continued momentum driven by economic growth and increased infrastructure spending, along with a diversified product portfolio and expanding retail distribution network. This positions the company to enhance margins and deepen its presence in high-value product segments within the retail sector. The outlook remains positive, signaling potential growth opportunities for investors.