The company indicated that the order was granted after the customer evaluated its samples and deemed the product suitable for their needs.
Bansal Wire highlighted that this trial purchase order represents a significant milestone in its growth strategy, following the customer’s evaluation of the quality and suitability of the Steel Tyre Cord product.
Also Read: Bansal Wire Q3 sees modest profit growth, EBITDA jumps nearly 20% YoY
The order from a prominent tyre manufacturer showcases the company’s capability to comply with the rigorous quality standards and approval processes inherent in the technical tyre cord sector.
Fourth Quarter Results
The company reported increases in net profit, revenue, and earnings before interest, tax, depreciation, and amortisation (EBITDA) for the fourth quarter compared to the same period last year, although its margins did contract. The net profit surged by 21% to ₹40 crore this quarter, up from ₹31 crore the previous year.
Revenue climbed by 21% to ₹1,136 crore from ₹940 crore in the March quarter of the financial year 2025. EBITDA rose 10% to ₹76.3 crore from ₹69.3 crore the prior year. However, the company’s margin decreased to 6.7% this quarter, compared to 7.4% in the previous year.
Also Read: Bansal Wire Industries gets GST notice of ₹203 crore for FY21
In a discussion with CNBC-TV18 following the results, Bansal Wire’s management mentioned that they are encountering challenges with capacity utilisation levels due to ongoing geopolitical issues.
The company anticipates a 20% growth in volumes and EBITDA during the financial year 2027, reaffirming its goal of achieving ₹600 crore in operating cash flow and a 25% Return on Capital Employed (ROCE) in the new financial year.
On Friday (June 12), shares of Bansal Wire Industries Ltd closed at ₹304.40, an increase of ₹15.85, or 5.49%, on the BSE.
Also Read: Bansal Wire targets 20% volume growth in FY27 despite Q4 disruptions
(Edited by : Jomy Jos Pullokaran)
