Bansal Wire Industries Limited reported a 48% decline in consolidated net profit to ₹204.6 million for the quarter ended June 30, 2026, compared to ₹392.8 million in the corresponding period of the previous year. The manufacturer of steel wires saw revenue from operations increase 24.4% to ₹11,678.9 million from ₹9,390.1 million in Q1 FY26. However, profitability was impacted by rising input costs and operational disruptions, which narrowed EBITDA margins by 300 basis points to 4.9%. The Board of Directors approved the unaudited standalone and consolidated financial results on July 22, 2026.

Q1 FY27 Financial Performance

The company's standalone net profit for the quarter stood at ₹164.81 million, a decrease from ₹302.79 million in the same period last year. Total income for the standalone entity rose to ₹11,358.17 million. On a consolidated basis, total income reached ₹11,682.40 million. Profit before exceptional items and tax for the consolidated entity was ₹260.37 million, down from ₹500.04 million in Q1 FY26. The following table summarises the key consolidated financial metrics for the quarter:

*EBITDA Includes Other Income

Operational Highlights and Expenses

The increase in revenue was accompanied by a significant rise in operational costs. Cost of materials consumed in the consolidated results increased to ₹9,208.79 million from ₹7,309.73 million. Employee benefits expense rose to ₹469.49 million, and finance costs increased to ₹154.65 million. Depreciation and amortization expenses also grew to ₹152.05 million. These factors collectively contributed to the contraction in overall profitability despite higher topline growth. The company delivered 1,11,962 MT during the period, reflecting a strong recovery in execution after geopolitical tensions in West Asia impacted demand and industrial gas supplies in the first half of the quarter.

Strategic Developments

Bansal Wire Industries secured its first trial purchase order for its product "Steel Tyre Cord" from a leading Indian tyre manufacturer, marking a step towards commercialisation in an import-dependent market. The IHT Wire business continued to progress with customer approvals underway. Additionally, the company broadened its B2C footprint by introducing new products in the farming, fencing, and poultry segments.

Financial Strength and Cash Flow

The company reported an operating cash flow of ₹1,211 million for Q1 FY27, compared to ₹975 million in Q1 FY26. The operating cash flow to EBITDA ratio stood at 214% for the quarter. The net debt to EBITDA ratio improved to 1.68 in FY26 from 4.53 in FY24, while the debt to equity ratio reduced to 0.39 in FY26 from 1.48 in FY24. The Return on Capital Employed (ROCE) for Q1 FY27 was 10.15%, moderating from 15.37% in Q4 FY26 due to temporary disruptions.

Board Approvals and Auditor Appointments

During its meeting on July 22, 2026, the Board approved the appointment of M/s Ashish & Associates, Cost Accountants, as Cost Auditors for the financial year 2026-27. Additionally, M/s S N Garg & Co., Chartered Accountants, were appointed as Internal Auditors for FY27. The statutory auditors, Prateek Gupta & Company, provided an unmodified opinion on the unaudited financial results. The company has two wholly owned subsidiaries, Bansal Steel & Power Limited and BWI Steel Private Limited.

Bansal Wire Industries has confirmed that its promoters and promoter group did not create any encumbrance on the equity shares held by them during the financial year ended March 31, 2026. This disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation ensures that the shareholding structure remains free from pledged or hypothecated assets for the specified period.

The declaration was submitted by Arun Gupta, Promoter and Chairman & Whole Time Director of the company, on behalf of the promoter and promoter group. The document was addressed to the BSE Limited and the National Stock Exchange of India Limited for their information and records. Sumit Gupta, the Company Secretary & Compliance Officer, facilitated the submission to the exchanges on April 7, 2026.

Promoter and Promoter Group Details

The disclosure encompasses a comprehensive list of individuals and entities classified as either promoters or members of the promoter group. The list includes 51 distinct names, ranging from individual family members to various private limited companies and trusts associated with the promoters.

Category Breakdown

The following table outlines the key individuals and entities included in the promoter group as per Annexure-A of the filing:

The list further extends to include numerous other private limited companies such as Balaji Wires Private Limited, Manglam Wires Private Limited, and SFIL Stock Broking Limited, among others. It also includes entities like Bansal Enterprises Inc., S S Bansal Charitable Foundation, and Krishan Kumar HUF, covering a wide network of business interests and family holdings.