Bansal Wire Industries Limited (BWIL), a leading steel wire manufacturer in Asia, has announced a substantial increase in its sales volume for the second quarter of the fiscal year 2026 (Q2FY26). The company's performance marks a significant milestone in its production capacity and market presence.

Record-Breaking Quarter

Bansal Wire Industries reported a total sales volume of 114,609 metric tons (MT) in Q2FY26, compared to 78,577 MT in the same quarter of the previous year. This represents a remarkable year-over-year growth of 45.90%, showcasing the company's strong market position and increased production capabilities.

Half-Yearly Performance

The company's impressive performance extends beyond the quarter. For the first half of FY26 (H1FY26), Bansal Wire Industries achieved a cumulative sales volume of 218,709 MT, up from 154,479 MT in H1FY25. This translates to a substantial 41.58% year-over-year increase for the half-year period.

Quarter-on-Quarter Growth

In addition to the year-over-year improvements, BWIL also demonstrated strong sequential growth. The Q2FY26 volume of 114,609 MT represents a 10.09% increase compared to the previous quarter (Q1FY26), which saw sales of 104,100 MT.

Historical Context

To put this growth in perspective, Bansal Wire Industries' total sales volume for the entire fiscal year 2025 was 344,710 MT. The company has already achieved more than 63% of this annual figure in just the first half of FY26, indicating a potential for significant full-year growth.

Company Overview

Bansal Wire Industries Limited, with its CIN No. L31300DL1985PLC022737, is recognized as one of the leading steel wire manufacturing companies by volume in Asia. The company's consistent growth and record-breaking performance underscore its strong position in the steel wire industry.

Investors and stakeholders can find more detailed information about Bansal Wire Industries on the company's website or by contacting their investor relations department.

Bansal Wire Industries Limited (BWIL) has reported a robust performance for the first quarter of fiscal year 2026, marking a strong start to the year with record sales volume and improved financial metrics.

Record Sales Volume and Revenue Growth

The company achieved its highest quarterly sales volume of 104,000 tons in Q1 FY26, operating at 74% capacity utilization. This performance drove a 15% year-on-year increase in revenue to INR 939.00 crores, showcasing BWIL's strong market position and growing demand for its products.

Improved Profitability and Cash Flow

BWIL's EBITDA rose by 20% to INR 75.00 crores, while net profit increased by 24% to INR 39.00 crores, indicating enhanced operational efficiency and profitability. A significant highlight of the quarter was the company's strong operating cash flow generation of INR 97.00 crores, compared to a negative INR 150.00 crores in the previous year. This turnaround was attributed to improved working capital management and inventory optimization.

Strategic Growth Initiatives

Management has set an ambitious target of 30% volume growth for the full year FY26. To support this growth, BWIL plans a substantial capital expenditure of INR 700.00-750.00 crores over the next two years, with a primary focus on the INR 600.00 crores Sanand backward integration project.

Specialty Wire Products Development

The company is making strides in developing specialty wire products, including hose wire, IHT wire, and steel cord. These high-value products are expected to receive customer approvals by FY27, potentially opening new revenue streams and improving the company's product mix.

Export Performance

Export revenue for the quarter stood at INR 72.00 crores, representing 7.5% of total revenue, indicating BWIL's growing presence in international markets.

Future Outlook

While the company expects margins to decline temporarily in FY26-27 as it focuses on capturing market share, management anticipates a recovery from FY28 onwards. This improvement is expected to be driven by the benefits of backward integration and the introduction of specialty products.

Management Commentary

Pranav Bansal, Managing Director and CEO of Bansal Wire Industries Limited, commented on the results: "We are pleased to report a strong start to FY '26, continuing the momentum from last year. Despite Q1 typically being a lean quarter, we've delivered a solid performance. This reflects the strength of our integrated operations, customer-first mindset, and constant drive for innovation."

Bansal Wire Industries Limited's performance in Q1 FY26 demonstrates its ability to capitalize on market opportunities while focusing on operational efficiency and strategic growth initiatives. The company's emphasis on cash flow generation, capacity expansion, and development of specialty products positions it well for sustained growth in the coming years.