The corporate mentioned the order was awarded after the client accomplished an analysis of its samples and located the product appropriate for its necessities.
Bansal Wire mentioned the trial purchase order is a crucial milestone in its development technique and follows the client’s evaluation of the standard and appropriateness of the Steel Tyre Cord product.
Additionally Learn: Bansal Wire Q3 sees modest revenue development, EBITDA jumps practically 20% YoY
The corporate said that the order from a number one tyre producer demonstrates its skill to satisfy the stringent high quality requirements and approval processes related to the extremely technical tyre cord section.
Fourth Quarter Outcomes
Bansal Wire Industries’ web revenue, income and earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) elevated from the identical quarter final yr, however its margins contracted. The corporate’s web revenue was up 21% to ₹40 crore within the fourth quarter in comparison with ₹31 crore within the earlier yr.
Its income elevated by 21% as effectively to ₹1,136 crore in comparison with ₹940 crore within the March quarter of the monetary yr 2025. Its EBITDA was up 10% to 76.3 crore within the fourth quarter from ₹69.3 crore within the earlier yr. The corporate’s margin contracted to six.7% within the fourth quarter from 7.4% within the yr-in the past interval.
Additionally Learn: Bansal Wire Industries will get GST discover of ₹203 crore for FY21
In an interplay with CNBC-TV18 after the outcomes, the administration of Bansal Wire mentioned that they’re dealing with some points with capability utilisation ranges as a result of ongoing geopolitical points.
The corporate expects volumes and EBITDA to develop at 20% through the monetary yr 2027, reiterating that it’s on observe to attain ₹600 crore working money circulation and 25% Return on Capital Employed (ROCE) within the new monetary yr.
On Friday (June 12), shares of Bansal Wire Industries Ltd ended at ₹304.40, up by ₹15.85, or 5.49%, on the BSE.
Additionally Learn: Bansal Wire targets 20% quantity development in FY27 regardless of This fall disruptions
(Edited by : Jomy Jos Pullokaran)
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