Bansal Wire Industries Limited , a key player in the wire manufacturing sector, has announced impressive financial results for the second quarter of fiscal year 2026, showcasing robust growth and operational achievements.

Financial Highlights

The company reported a significant 27.00% year-on-year increase in revenue, reaching ₹1,055.00 crores for Q2 FY26. This growth was accompanied by a 20.00% rise in EBITDA to ₹81.58 crores. However, the Profit After Tax (PAT) saw a slight decline of 4.30%, settling at ₹38.30 crores, primarily due to higher subsidization.

Operational Performance

Bansal Wire Industries achieved its highest ever quarterly volume at 1.14 lakh tons, compared to 1.04 lakh tons in the previous quarter. This record-breaking production volume underscores the company's operational efficiency and growing market demand.

H1 FY26 Performance

For the first half of FY26, the company's performance remained strong:

Strategic Developments

Product Approvals

Bansal Wire received two sample approvals from major tire companies for steel cord products, with commercialization expected by mid-next year.

B2C Segment Penetration

The company has successfully entered the B2C segment, which now contributes 5% of total revenue with better margins compared to the B2B segment.

Capacity Utilization

With a total installed capacity of 6.18 lakh tons, the company is operating at 74% capacity utilization.

Future Outlook

Bansal Wire Industries has set the following targets:

• 30-40% volume growth for the current fiscal year
• Over 20% EBITDA growth
• Aim to achieve 25% Return on Capital (ROC) by 2027
• Target of ₹600.00 crores positive cash flow over the current and next fiscal year combined

The company's strong performance in Q2 FY26, coupled with its strategic initiatives and future targets, positions Bansal Wire Industries for continued growth in the wire manufacturing sector. The focus on expanding into the B2C segment and potential commercialization of new products for the tire industry could further diversify its revenue streams and enhance profitability.

Bansal Wire Industries Limited , a manufacturer of steel wires, has received a significant Show Cause Notice (SCN) from the SGST authorities on December 1, 2025. The notice, issued under the SGST/CGST Act, 2017, raises concerns over the company's tax practices for the financial year 2020-21.

Details of the Show Cause Notice

The SCN primarily addresses three key issues:

1. E-waybill issues
2. Input Tax Credit (ITC) availment
3. Non-payment of tax on the sale of RODTEP (Remission of Duties and Taxes on Exported Products) license

Financial Implications

The total claim outlined in the notice amounts to ₹2,027.70 crore, broken down as follows:

Company's Response

Bansal Wire Industries has stated that the Show Cause Notice is "untenable." The company is currently reviewing the SCN and evaluating its compliance obligations. In its disclosure, the company expressed confidence that there would be no material impact on its financial, operational, or other activities.

Next Steps

The company has confirmed that it will prepare an appropriate response to the notice. This approach demonstrates Bansal Wire Industries' commitment to addressing regulatory concerns and maintaining transparency with its stakeholders.

Market Implications

While the potential financial liability is significant, the company's stance and expectation of no material impact may help mitigate immediate market concerns. However, investors and market analysts will likely monitor how this situation develops, as it could potentially affect the company's financial position and market perception.