Bansal Wire Industries (BANSALWIRE) Q4 21/22 earnings summary

Executive summary

• FY22 revenue from operations rose to ₹219,835.80 lakh from ₹147,708.83 lakh; net profit increased to ₹5,832.24 lakh from ₹4,279.14 lakh.

• Business remained focused on manufacturing steel wires, with no significant change in business nature during FY22.

Financial highlights

• Total income was ₹220,463.32 lakh versus ₹148,033.78 lakh; profit before tax was ₹7,815.51 lakh versus ₹5,661.89 lakh.

• Net profit was ₹5,832.24 lakh versus ₹4,279.14 lakh; basic and diluted EPS were ₹146.07 versus ₹144.05.

• Finance costs rose to ₹2,656.01 lakh from ₹2,107.00 lakh; depreciation and amortization was ₹822.79 lakh versus ₹736.38 lakh.

• Operating cash flow was negative ₹1,149.69 lakh, compared with negative ₹3,095.39 lakh in FY21; cash and cash equivalents ended at ₹43.75 lakh.

Outlook and guidance

• Directors said efforts were underway to strengthen working strategies and expressed confidence in good performance in the year ahead.