Bansal Wire Industries (BANSALWIRE) Q4 22/23 earnings summary

Executive summary

• FY 2022-23 revenue from operations was Rs 2,41,300.76 lakh and net profit was Rs 5,998.48 lakh; both exceeded FY 2021-22 levels. No dividend was proposed, with profits retained to support growth.

• Directors described the business as unchanged during the year and expressed optimism about performance in the year ahead.

Financial highlights

• Total income was Rs 2,42,256.81 lakh versus Rs 2,20,507.37 lakh in FY 2021-22; revenue from operations was Rs 2,41,300.76 lakh versus Rs 2,19,835.80 lakh.

• Profit before tax was Rs 8,160.49 lakh versus Rs 7,813.52 lakh; net profit was Rs 5,998.48 lakh versus Rs 5,825.06 lakh.

• Total comprehensive income was Rs 5,955.65 lakh versus Rs 5,786.85 lakh; basic and diluted EPS were Rs 65.89 versus Rs 65.11.

• Total expenses increased to Rs 2,34,096.32 lakh from Rs 2,12,693.85 lakh; finance costs were Rs 2,404.13 lakh versus Rs 2,657.69 lakh.

Outlook and guidance

• Directors said they were strengthening operating strategies and were hopeful of good performance in the coming year.

• A Dadri manufacturing expansion was underway, with estimated project cost of Rs 303 crore and capital commitment of Rs 63.65 crore at year-end.