The company said the order was awarded after the customer completed an evaluation of its samples and found the product suitable for its requirements.
Bansal Wire said the trial purchase order is an important milestone in its growth strategy and follows the customer’s assessment of the quality and appropriateness of the Steel Tyre Cord product.
Also Read: Bansal Wire Q3 sees modest profit growth, EBITDA jumps nearly 20% YoY
The company stated that the order from a leading tyre manufacturer demonstrates its ability to meet the stringent quality standards and approval processes associated with the highly technical tyre cord segment.
Fourth Quarter Results
Bansal Wire Industries’ net profit, revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) increased from the same quarter last year, but its margins contracted. The company’s net profit was up 21% to ₹40 crore in the fourth quarter compared to ₹31 crore in the previous year.
Its revenue increased by 21% as well to ₹1,136 crore compared to ₹940 crore in the March quarter of the financial year 2025. Its EBITDA was up 10% to 76.3 crore in the fourth quarter from ₹69.3 crore in the previous year. The company’s margin contracted to 6.7% in the fourth quarter from 7.4% in the year-ago period.
Also Read: Bansal Wire Industries gets GST notice of ₹203 crore for FY21
In an interaction with CNBC-TV18 after the results, the management of Bansal Wire said that they are facing some issues with capacity utilisation levels due to the ongoing geopolitical issues.
The company expects volumes and EBITDA to grow at 20% during the financial year 2027, reiterating that it is on track to achieve ₹600 crore operating cash flow and 25% Return on Capital Employed (ROCE) in the new financial year.
On Friday (June 12), shares of Bansal Wire Industries Ltd ended at ₹304.40, up by ₹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)
