Bansal Wire Industries Limited Earnings Summary — Q4 FY2026
Bansal Wire Reports Strong Revenue Growth Amidst Operational Challenges
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹1,168 Cr is 24.4% higher year-on-year.
- Revenue has compounded at 24.9% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹20 Cr is 47.9% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -5.7% annualised across the period.
- Operating margin stands at 4.8% in Q1 FY2027.
- Operating margin compressed by 282 bps year-on-year.
- Over the last two years operating margin has contracted by 263 bps.
- PBT margin is 2.2%.
- Expenses grew 28.2% against revenue growth of 24.4%.
- Operating profit of ₹56 Cr is 21.5% lower year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 51/100 (Moderate) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,168 | 1,136 | 1,029 | 1,055 | 939 | 940 | 925 | 825 | 817 | 709 |
| Expenses | Improving | 1,112 | 1,060 | 944 | 979 | 867 | 871 | 853 | 762 | 756 | 663 |
| Operating Profit | Improving | 56 | 76 | 85 | 77 | 72 | 70 | 72 | 64 | 61 | 46 |
| Operating Margin | Stable | 4.8% | 6.7% | 8.3% | 7.3% | 7.7% | 7.4% | 7.8% | 7.7% | 7.5% | 6.5% |
| Other Income | Volatile | 0 | 3 | 0 | 5 | 3 | 3 | 1 | 4 | 1 | 1 |
| Interest | Improving | 15 | 14 | 15 | 16 | 12 | 11 | 7 | 6 | 12 | 9 |
| Depreciation | Strong Uptrend | 15 | 15 | 15 | 15 | 12 | 11 | 8 | 6 | 5 | 6 |
| Profit Before Tax | Stable | 26 | 50 | 56 | 51 | 50 | 51 | 58 | 57 | 44 | 32 |
| Tax | Stable | 6 | 10 | 13 | 13 | 11 | 18 | 16 | 17 | 13 | 7 |
| Net Profit | Stable | 20 | 40 | 43 | 38 | 39 | 33 | 42 | 40 | 30 | 23 |
| Net Margin | Softening | 1.8% | 3.5% | 4.2% | 3.6% | 4.2% | 3.5% | 4.5% | 4.8% | 3.7% | 3.3% |
Key Takeaways
- Revenue grew approximately 21% YoY to reach ₹11.36 billion for the quarter, driven by steady demand in the steel wire segment.
- The Dadri Unit suffered a fire incident in October 2025; management reports no major operational disruption as production continued at other parts of the unit.
- Employee benefit expenses surged 38.5% YoY to ₹522.68 million, impacted by new Labour Code adjustments and an actuarial valuation of gratuity.
- The company continues to expand its subsidiary base with the full integration of Bansal Steel and Power Limited and the newly incorporated BWI Steel Private Limited.
- Exceptional items for the year include a loss on inventory of ₹15.4 million due to the fire incident and ₹14.7 million in past service costs for employee benefits.
- The balance sheet remains robust with total assets growing to ₹25.17 billion as of March 31, 2026, though short-term borrowings have increased.
Management Guidance
Management emphasizes its focus on industrial leadership and operational excellence, aiming to maintain high customer retention while scaling the high-margin stainless steel wire segment.
Sentiment Shift
Stable
While revenue growth remains strong, the company is navigating non-recurring operational setbacks like the fire incident and margin pressures from rising employee costs.
Outlook
The company is in a high-growth phase supported by capacity expansion and a shift toward value-added products like steel tyre cords, though it expects continued capital-intensive operational requirements.
From the Annual Report (Key Quotes)
“The management assures that there was no operational disruption, and production at the other part of unit which continues without interruption.”
“The company has scaled significantly, now serving over 5,000 customers across 50 countries with a remarkable 90% retention rate.”
“The Group continues to monitor the finalization of the Central and State Rules... and will record appropriate accounting impact as and when such developments occur.”
Official Quarterly Documents
Ask AI about this quarter
This summary is AI-generated from Bansal Wire Industries Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.