Bansal Wire Industries Limited (NSE: BANSALWIRE, BSE: 544209) has announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024, showcasing record revenue growth, a sharp increase in net profit, and improved operational efficiency.
Key Financial Highlights (Standalone Results)
Quarterly Performance (Q3 FY 2024-25 vs Q3 FY 2023-24)
Revenue from Operations: ₹9,292.64 million, up 65.3% YoY from ₹5,621.21 million.
Total Income: ₹9,318.65 million, compared to ₹5,629.99 million in Q3 FY24.
EBITDA: ₹1,277.85 million, registering a 78.7% YoY increase from ₹715.07 million.
Profit Before Tax (PBT): ₹477.77 million, more than doubling from ₹231.51 million last year.
Net Profit: ₹357.70 million, up 173% YoY from ₹131.10 million.
Earnings Per Share (EPS):₹2.28, compared to ₹1.03 in Q3 FY24.
Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)
Revenue from Operations: ₹23,064.77 million, up 34.6% YoY from ₹17,134.80 million.
Net Profit: ₹951.55 million, almost doubling from ₹485.52 million last year.
Total Comprehensive Income: ₹949.61 million, compared to ₹484.01 million in 9M FY24.
Bansal Wire Industries has delivered its highest-ever revenue and profit in a single quarter, driven by strong demand, improved margins, and efficient cost management.
Operational Performance & Segment Growth
Cost & Profitability Analysis
Raw Material Costs: ₹7,809.81 million, up 65.1% YoY, in line with revenue growth.
Employee Benefits Expense: ₹285.83 million, reflecting business expansion.
Finance Costs: ₹56.72 million, down from ₹63.22 million, indicating effective debt management.
Depreciation & Amortization: ₹50.87 million, up due to new capacity additions.
Other Expenses: ₹830.42 million, up from ₹700.61 million, reflecting increased business activity.
Bansal Wire successfully completed its IPO in July 2024, raising ₹7,450 million at an issue price of ₹256 per share.
Fund Utilization Status (as of December 31, 2024)
Purpose
Amount Allocated (₹ million)
Utilized (₹ million)
Unutilized (₹ million)
Debt Repayment
₹4,526.83
₹4,526.83
₹0
Investment in Subsidiary (BSPL)
₹937.08
₹937.08
₹0
Working Capital Funding
₹600.00
₹600.00
₹0
General Corporate Purposes
₹906.62
₹905.52
₹1.60
IPO Expenses
₹479.47
₹453.48
₹25.99
The company has efficiently deployed 99.7% of its IPO proceeds, strengthening its financial position.
Strategic Growth & Subsidiary Expansion
Bansal Wire continues its aggressive expansion strategy, with two key subsidiaries contributing to its growth:
Bansal Steel & Power Limited (BSPL)
Became a wholly-owned subsidiary on July 31, 2024.
Engaged in steel wire manufacturing & job-work activities.
BWI Steel Private Limited
Incorporated on October 4, 2024, focusing on new business opportunities.
No operational activities started as of December 31, 2024.
The acquisition of BSPL has significantly boosted group revenues, with BSPL contributing ₹6,130.72 million in 9M FY25.
Financial Performance (Consolidated Results)
Metric
Q3 FY25 (₹ million)
Q3 FY24 (₹ million)
% Change YoY
9M FY25 (₹ million)
9M FY24 (₹ million)
% Change YoY
Revenue from Operations
₹9,246.05
₹6,060.52
+52.6%
₹25,669.69
₹17,574.10
+46.1%
Total Income
₹9,257.23
₹6,069.29
+52.5%
₹25,736.23
₹17,609.62
+46.2%
EBITDA
₹1,595.97
₹752.05
+112%
₹2,795.12
₹1,284.60
+117%
Net Profit
₹416.78
₹153.30
+172%
₹1,132.51
₹507.72
+123%
Earnings Per Share (EPS)
₹2.66
₹1.20
+121%
₹7.64
₹3.94
+94%
Market Outlook & Growth Strategy
Bansal Wire is well-positioned for sustained growth, driven by:
Expanding manufacturing capacity to meet rising demand.
Leveraging subsidiary synergies for increased production efficiency.
Strengthening financials with effective debt reduction & capital utilization.
Optimizing supply chain costs to improve profit margins.
With record-breaking financial performance and a robust expansion roadmap, Bansal Wire aims to strengthen its market leadership in the steel wire segment.
Conclusion
Bansal Wire Industries has delivered an outstanding Q3 FY 2024-25, marked by record revenue, highest-ever profit, and aggressive expansion efforts. With strong financial management, successful IPO deployment, and continued subsidiary growth, the company is well-positioned for long-term success.
