Bansal Wire Industries (BANSALWIRE) Q2 24/25 earnings summary

Executive summary

• Approved and published unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024, following the company's IPO in July 2024.

• Statutory auditors issued unmodified (clean) limited review reports for both standalone and consolidated results.

Financial highlights

• Consolidated revenue from operations for Q2 FY25 was Rs. 8,254.49 million, up from Rs. 6,034.50 million in Q2 FY24.

• Consolidated net profit after tax for Q2 FY25 was Rs. 400.59 million, compared to Rs. 181.46 million in Q2 FY24.

• Standalone revenue for Q2 FY25 was Rs. 7,006.05 million, with net profit after tax at Rs. 334.30 million.

• Total comprehensive income for the consolidated group for H1 FY25 was Rs. 713.69 million, up from Rs. 353.05 million in H1 FY24.

Outlook and guidance

• IPO proceeds are being utilized as per the prospectus, with most funds allocated to debt repayment, subsidiary investment, working capital, and general corporate purposes.