Bansal Wire Industries (BANSALWIRE) Q4 20/21 earnings summary

Executive summary

• FY21 net sales rose to Rs 14,77,08,83,484 from Rs 14,02,73,89,127; profit for the period after preference dividend increased to Rs 42,77,46,268 from Rs 26,44,28,813.

• Steel-wire manufacturing remained the core business; directors said they were strengthening operating strategies and were hopeful of good performance in the year ahead.

Financial highlights

• Net revenue from operations was Rs 14,77,08,83,484 versus Rs 14,02,73,89,127; other income was Rs 3,24,94,528 versus Rs 2,54,27,729.

• Total revenue reached Rs 14,80,33,78,012 versus Rs 14,05,28,16,856; total expenses were Rs 14,23,72,63,682 versus Rs 13,67,66,85,842.

• Profit before tax was Rs 56,61,89,448 versus Rs 37,57,81,461; profit after tax was Rs 42,79,14,268 versus Rs 26,45,96,813.

Outlook and guidance

• Directors said they were working to strengthen overall operating strategies and were hopeful of good performance in the coming year.

• The second COVID-19 wave created renewed uncertainty; vaccination, medical infrastructure and continued safety protocols were cited as important to overcoming the situation.