Bharat Wire Ropes Q3FY26: EBITDA Surges to ₹327 Crores, Margin Expands to 22.80%
Bharat Wire Ropes delivered exceptional Q3FY26 performance with EBITDA growing to ₹327 crores from ₹290 crores YoY and margin expansion to 22.80% from 17.90%. Despite revenue declining 11.72% to ₹14,281.80 lakhs, net profit surged 22.61% to ₹1,824.86 lakhs through effective cost management and operational efficiency improvements.
*this image is generated using AI for illustrative purposes only.
Bharat Wire Ropes Limited has announced its unaudited financial results for the third quarter of fiscal year 2026, ending December 31, 2025. The wire and wire ropes manufacturer demonstrated exceptional operational efficiency with significant EBITDA growth and margin expansion, alongside strong profit growth despite facing revenue headwinds during the quarter.
EBITDA Performance and Margin Expansion
The company delivered outstanding operational performance with substantial EBITDA growth and margin improvement:
| EBITDA Metrics | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| EBITDA | ₹327 crores | ₹290 crores | +12.76% |
| EBITDA Margin | 22.80% | 17.90% | +490 bps |
Financial Performance Overview
The company's comprehensive financial performance for Q3FY26 showcases strong profitability metrics despite top-line challenges:
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹14,281.80 lakhs | ₹16,182.17 lakhs | -11.72% |
| Total Income | ₹14,299.07 lakhs | ₹16,197.90 lakhs | -11.72% |
| Net Profit | ₹1,824.86 lakhs | ₹1,488.41 lakhs | +22.61% |
| Earnings Per Share | ₹2.66 | ₹2.18 | +22.02% |
Nine-Month Performance Analysis
The nine-month results ending December 31, 2025, showcase the company's operational resilience and improved efficiency:
| Parameter | 9M FY26 | 9M FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹44,905.83 lakhs | ₹44,748.15 lakhs | +0.35% |
| Total Income | ₹44,957.50 lakhs | ₹44,809.03 lakhs | +0.33% |
| Net Profit | ₹5,599.19 lakhs | ₹5,179.08 lakhs | +8.11% |
| Earnings Per Share | ₹8.16 | ₹7.59 | +7.51% |
Cost Management and Operational Efficiency
The company's improved profitability margins and EBITDA performance reflect exceptional cost management strategies. Total expenses for Q3FY26 decreased to ₹11,859.19 lakhs from ₹14,191.83 lakhs in Q3FY25, representing a 16.44% reduction:
| Expense Category | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Cost of Materials Consumed | ₹7,142.40 lakhs | ₹9,316.12 lakhs | Declined |
| Employee Benefits Expense | ₹1,956.58 lakhs | ₹1,695.77 lakhs | Increased |
| Finance Costs | ₹235.21 lakhs | ₹360.13 lakhs | Reduced |
| Other Expenses | ₹1,952.48 lakhs | ₹2,047.87 lakhs | Decreased |
Regulatory Compliance and Labour Code Impact
The company has proactively addressed the implementation of new Labour Codes notified by the Government of India on November 21, 2025. These codes consolidate 29 existing labour laws and include the Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working Conditions Code 2020. Bharat Wire Ropes has assessed the incremental impact and included ₹188.35 lakhs under employee benefit expenses to ensure compliance.
Capital Structure and Business Focus
The company's paid-up equity share capital remained stable at ₹6,858.46 lakhs as of December 31, 2025, compared to ₹6,844.89 lakhs in the corresponding quarter of the previous year. Each share carries a face value of ₹10.00. Bharat Wire Ropes continues to operate primarily in manufacturing wire and wire ropes, maintaining focused operations and leveraging expertise in this specialized sector.
Historical Stock Returns for Bharat Wire Ropes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.85% | -2.81% | -11.35% | -10.63% | -13.34% | +377.99% |
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