Bansal Wire Industries (BANSALWIRE) Q1 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, and reviewed limited review reports from statutory auditors.

• Acquisition of the remaining 23.85% stake in Bansal Steel & Power Limited, making it a wholly owned subsidiary.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was Rs. 6,766.08 million, up from Rs. 5,479.09 million in Q1 FY24.

• Standalone net profit after tax for Q1 FY25 was Rs. 259.55 million, compared to Rs. 172.96 million in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was Rs. 8,169.15 million, with consolidated net profit after tax at Rs. 315.13 million.

• Basic and diluted EPS for Q1 FY25 stood at Rs. 2.04 (standalone) and Rs. 2.37 (consolidated), compared to Rs. 1.36 in Q1 FY24.

Outlook and guidance

• Post-acquisition, Bansal Steel & Power Limited will be a wholly owned subsidiary, expected to streamline operations and align business interests.