Bansal Wire Industries (BANSALWIRE) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue was ₹24,660.31 million and PAT ₹752.42 million; the reported overview cited revenue growth of 2% YoY and EBITDA growth of 30% YoY.

• Standalone revenue declined to ₹22,843.86 million from ₹24,130.92 million, while PAT rose to ₹684.23 million from ₹599.85 million.

• Expansion at Dadri and acquisition of a controlling stake in Bansal Steel & Power Limited expanded capacity and brought a second wire manufacturing operation into the consolidated results.

Financial highlights

• Consolidated PBT was ₹1,101.58 million, including ₹31.62 million of exceptional items; consolidated PAT was ₹752.42 million.

• Standalone PBT before exceptional items was ₹935.80 million; a ₹31.46 million exceptional gain brought PBT to ₹967.26 million.

• Standalone operating cash flow was ₹738.64 million, down from ₹1,023.23 million; investing outflow was ₹2,288.83 million and financing inflow ₹1,558.33 million.

• Restated standalone EPS was ₹5.37 versus ₹4.71; consolidated EPS was ₹5.78.

Outlook and guidance

• Production capacity was 262,000 MTPA in 2024, with plans to reach 600,000 MTPA by end-2025; Dadri is central to the expansion.

• Growth priorities include high-margin fine wire, hose wire and steel cord, plus entry into the LRPC Strand market and further export expansion.

• Management expects the Dadri facility to strengthen market presence and support growth as domestic and international steel-wire demand rises.