Bansal Wire Industries Limited announced its un-audited financial results for the second quarter and half year ended September 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights (Consolidated, ₹ in Crore)

Q2 FY27 Performance:

  • Revenue: ₹1,308.1 crore (up 23.9% YoY from ₹1,055.4 crore in Q2 FY26)
  • EBITDA*: ₹105.0 crore (up 28.7% YoY from ₹81.6 crore in Q2 FY26)
  • EBITDA Margin: 8.0% (up 30 bps from 7.7% in Q2 FY26)
  • PAT: ₹52.9 crore (up 38.0% YoY from ₹38.3 crore in Q2 FY26)
  • PAT Margin: 4.0% (up 41 bps from 3.6% in Q2 FY26)

H1 FY27 Performance:

  • Revenue: ₹2,476.0 crore (up 24.1% YoY from ₹1,994.4 crore in H1 FY26)
  • EBITDA*: ₹161.7 crore (up 3.7% YoY from ₹156.0 crore in H1 FY26)
  • EBITDA Margin: 6.5% (down 129 bps from 7.8% in H1 FY26)
  • PAT: ₹73.4 crore (down 5.5% YoY from ₹77.6 crore in H1 FY26)
  • PAT Margin: 3.0% (down 93 bps from 3.9% in H1 FY26)

*EBITDA includes Other Income.

Operational Highlights

  • Achieved highest-ever quarterly sales volume of 1,28,867 MT in Q2 FY27, up 12.4% YoY
  • Achieved highest-ever half-yearly sales volume of 2,40,812 MT in H1 FY27, up 10.1% YoY
  • Q2 FY27 volume increased 15.1% compared to Q1 FY27
  • Highest ever quarterly EBITDA of ₹105.0 crore in Q2 FY27
  • Highest ever EBITDA per tonne of ₹8,150.4 in Q2 FY27

Management Commentary

Mr. Pranav Bansal, MD & CEO, commented on the performance:

  • Q2 FY27 set new records for sales volume, EBITDA and EBITDA per tonne
  • Performance achieved through richer product mix and more efficient Dadri plant
  • Value-added products gaining traction: IHT wire commissioned and started adding to revenue; Steel Tyre Cord received trial orders under customer evaluation
  • OHT line under installation; expansion will increase combined IHT and OHT capacity from 9,000 MT to 15,000 MT by Q4 FY2027
  • Overall utilization increased to 74% in Q2 from 68% in FY26, resulting in lower operating costs per tonne
  • Operating cash flow for H1 FY27 was ₹339 crore, surpassing ₹333 crore generated in all of FY26
  • Working capital days reduced from 75 to 49 over last two quarters
  • ROCE was 22.3% for Q2 FY27 against 15.4% in FY26
  • Company remains on track to achieve ROCE target of 25%
  • For H2 FY27, priorities are higher utilisation at Dadri and richer mix, funded largely from internal accruals

Additional Information

  • The company is the country's largest stainless steel wire manufacturing company and second-largest steel wire manufacturing company
  • Part of Bansal Group which started in 1938, with a legacy of more than 88 years
  • Diversified portfolio catering to automotive, cable, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture and poultry, and auto replacement sectors