Bansal Wire Industries (BANSALWIRE) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly sales volume of 121,702 metric tons in Q3 FY26, up 31.7% year-on-year, with highest-ever monthly sales in December at 45,000 tons.

• Strong demand across automotive, infrastructure, and general engineering sectors, supported by expanded manufacturing capacity and new product launches.

• Specialty wire segment expanded with successful launch and commercialization of IHT and OHT wires, targeting higher-margin automotive applications.

• Free cash flow from operations reached INR 240 crores for the nine months, nearly meeting the full-year target with one quarter remaining; 80-90% of FY26 target already achieved.

• Un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by the Board and Audit Committee.

Financial highlights

• Q3 FY26 consolidated revenue from operations was Rs. 10,290.23 million, up 11.3% year-on-year; EBITDA was Rs. 870 million, up 19.0% year-on-year; PAT was Rs. 432.70 million, up 3.8% year-on-year.

• Nine-month FY26 consolidated revenue was Rs. 30,234.29 million, up 17.8% year-on-year; EBITDA at Rs. 2,430 million, up 19.4%; net profit at Rs. 1,208.73 million, up 6.7%.

• Highest ever sales volume in Q3 FY26 at 121,702 MT.

• Operating cash flow for nine months at Rs. 2,336.7 million, a significant turnaround from negative cash flow in 9M FY25.

• Basic and diluted EPS (consolidated) for Q3 FY26 was Rs. 2.76; nine-month EPS was Rs. 7.72.

Outlook and guidance

• Targeting 25% ROC by end of next year, with ROC improving each quarter; aims for 25%+ ROCE by FY27.

• Volume growth guidance revised upwards to 40% for FY26, with continued focus on cash flows and return profile; targeting ~35% volume growth and ~20% EBITDA growth for FY26.

• EBITDA per ton expected to gradually increase to INR 8,000–9,000 over the next 1–2 years, driven by specialty wire and B2C expansion.

• Capacity utilization targeted at 90% within next two to three quarters, with ongoing expansion plans.

• Management assures no operational disruption from the fire incident, with production continuing uninterrupted in unaffected areas.