Bansal Wire Industries (BANSALWIRE) Q1 25/26 earnings summary

Executive summary

• Achieved record Q1 FY26 sales volume of 104,000 tons at 74% capacity utilization, with robust revenue and profitability growth driven by integrated operations, product innovation, and customer focus.

• Revenue for Q1 FY26 reached INR 9,390.07 million, up 14.9% year-over-year, with EBITDA up 19.6% and net profit after tax at INR 392.79 million, a 24.6% increase year-over-year.

• Strong free cash flow generation of over INR 100 crore, supported by tighter working capital and operational efficiency.

• Benefited from India's infrastructure growth and manufacturing demand, positioning as a leader in the steel wire industry.

• Completed IPO in July 2024, raising INR 7,450 million and listing on NSE and BSE.

Financial highlights

• Q1 FY26 revenue reached INR 9,390.07 million, up 14.9% year-over-year; EBITDA was INR 744.6 million, up 19.6%; net profit after tax was INR 392.79 million, up 24.6% year-over-year.

• Free cash flow from operations was INR 97-100 crores, a turnaround from negative INR 150 crores last year.

• Realization per ton was around INR 90,500-91,000, with EBITDA per ton at INR 7,200.

• Basic and diluted EPS (consolidated) for Q1 FY26 was INR 2.51, up from INR 2.37 in Q1 FY25.

• FY25 annual revenue crossed INR 35,000 million.

Outlook and guidance

• Targeting 30% volume growth for FY26, with capacity additions of 60,000 tons in Q2 and another 60,000 tons by Q3.

• Major capacity additions and backward integration projects, including Sanand facility, are on track, with completion expected by September 2027.

• EBITDA guidance is for a 10% increase this year, with margins expected to recover post-FY27.

• Specialty wire segment expansion, including steel tyre cord, hose wire, and bead wire, to drive next phase of growth.

• IPO proceeds allocated to debt repayment, working capital, and general corporate purposes.