Mumbai, February 3, 2025 – Bharat Wire Ropes Limited (NSE: BHARATWIRE, BSE: 539799) announced its unaudited financial results for the quarter and nine months ended December 31, 2024, during its 133rd Board Meeting.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 16,182.17 | 15,219.41 | 15,720.27 | 44,748.15 | 47,467.93 | 62,183.53 |
| Total Income | 16,197.90 | 15,237.02 | 15,737.44 | 44,809.03 | 47,528.56 | 62,265.69 |
| Total Expenses | 14,191.83 | 12,684.21 | 12,200.81 | 37,817.24 | 37,503.04 | 49,377.06 |
| Profit Before Tax (PBT) | 2,006.07 | 2,552.81 | 3,536.63 | 6,991.79 | 10,025.52 | 12,888.63 |
| Net Profit After Tax (PAT) | 1,488.41 | 1,885.55 | 2,637.30 | 5,179.08 | 7,453.89 | 9,634.22 |
| Earnings Per Share (₹) | 2.18 | 2.77 | 3.88 | 7.59 | 10.97 | 14.17 |
Performance Review
- Revenue Growth: Bharat Wire Ropes Limited reported total revenue of ₹16,197.90 lakh for Q3 FY25, reflecting a YoY increase of 3.04% compared to ₹15,737.44 lakh in Q3 FY24.
- Profitability Decline: Net profit for the quarter stood at ₹1,488.41 lakh, down 43.6% YoY, compared to ₹2,637.30 lakh in Q3 FY24, due to increased expenses.
- Expenses Surge: Total expenses increased to ₹14,191.83 lakh from ₹12,200.81 lakh YoY, driven by higher material costs and employee expenses.
Segment-Wise Performance
- The company is primarily engaged in a single segment: manufacturing of wire and wire ropes.
Corporate Announcements
- The company’s Board approved the unaudited financial results for the quarter ended December 31, 2024.
- Limited Review Report from auditors confirms compliance with SEBI listing regulations, without any material misstatements.
Management Commentary
Mr. Murarlal Mittal, Managing Director of Bharat Wire Ropes, stated:Outlook
- Growth Strategy: The company remains focused on enhancing production efficiency and expanding its market share.
- Industry Trends: Wire rope demand continues to be driven by infrastructure projects and industrial applications.
- Financial Strength: While profits have declined YoY, the company maintains a stable earnings base and a healthy balance sheet.