Bharat Wire Ropes Reports 8.1% Revenue Growth in Q2 FY26, Strengthens Market Position

Bharat Wire Ropes Limited (BWR), a leading manufacturer of specialty steel wire ropes, has reported a robust performance in the second quarter of fiscal year 2026. The company's financial results demonstrate steady growth and improved profitability, reflecting its strategic focus on the domestic market and competitive pricing.

Revenue and Profitability

BWR posted revenue of INR 1,646.00 million in Q2 FY26, marking an 8.1% increase year-on-year. This growth can be attributed to the company's enhanced focus on the domestic market and its competitive pricing strategy. The company's EBITDA margins showed significant improvement, rising to 23.33% from 22.08% in the previous year, indicating better operational efficiency.

Financial Highlights

Particulars (INR Mn)	Q2 FY26	Q2 FY25	Y-o-Y Change
Revenue	1,646.00	1,522.00	8.1%
EBITDA	384.00	336.00	14.3%
EBITDA Margin	23.33%	22.08%	125 bps
PAT	221.00	189.00	16.9%
PAT Margin	13.43%	12.42%	101 bps

The company's profit after tax (PAT) for Q2 FY26 stood at INR 221.00 million, representing a substantial 16.9% increase from the same period last year. The PAT margin also improved by 101 basis points to reach 13.43%.

Market Expansion and Export Growth

BWR has successfully expanded its presence in the American market. The company's sales to the US have increased from 8% to 13% of its total revenue, demonstrating the growing acceptance of BWR's product quality in international markets.

Strategic Focus

BWR's management has implemented a strategy to strengthen its market position by enhancing focus on the domestic market. The company has begun operating on a stock-and-sale basis in select segments of the Indian market, which has contributed to its revenue growth.

Operational Efficiency

The company's improved profitability can be attributed to its continued focus on higher value-added products, cost control measures, and operational efficiency. These factors have helped BWR maintain healthy profit margins.

Future Outlook

With its strong performance in Q2 FY26, Bharat Wire Ropes Limited appears well-positioned for future growth. The company's ability to expand its US market share suggests potential for further international expansion. Additionally, its focus on the domestic market and operational efficiency improvements indicate a solid foundation for sustained profitability.

As BWR continues to navigate the evolving market dynamics, investors and industry observers will be watching closely to see how the company capitalizes on its current momentum in the global steel wire rope industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.13%	-1.71%	+13.97%	+6.40%	-9.21%	+740.04%

Bharat Wire Ropes Limited (BWRL) has announced strong financial results for the second quarter of the fiscal year 2025-26, showcasing significant growth across key metrics.

Financial Highlights

Particulars (in crore rupees)	Q2 FY2025-26	Q2 FY2024-25	YoY Change
Revenue from Operations	164.59	152.19	8.15%
EBITDA	38.40	33.70	13.95%
EBITDA Margin	23.35%	22.14%	121 bps
Net Profit	22.14	18.86	17.39%

BWRL reported a robust performance for the quarter ended September 30, 2025. The company's revenue from operations increased to 164.59 crore rupees, up from 152.19 crore rupees in the same period last year, marking an 8.15% year-over-year growth.

Profitability and Operational Efficiency

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant improvement, rising to 38.40 crore rupees from 33.70 crore rupees in the corresponding quarter of the previous year. This represents a strong 13.95% increase, indicating enhanced operational efficiency.

BWRL's EBITDA margin also showed improvement, expanding to 23.35% from 22.14% year-over-year, a gain of 121 basis points. This margin expansion suggests the company's ability to manage costs effectively while growing its revenue.

Net Profit Growth

The net profit for Q2 FY2025-26 stood at 22.14 crore rupees, compared to 18.86 crore rupees in Q2 FY2024-25, registering a notable 17.39% increase. This growth in bottom line outpaced the top-line growth, indicating improved profitability and operational leverage.

Half-Yearly Performance

For the half-year ended September 30, 2025, BWRL's performance remained strong:

Revenue from operations reached 306.24 crore rupees, up from 285.66 crore rupees in H1 FY2024-25.
Net profit for H1 FY2025-26 was 37.74 crore rupees, compared to 36.91 crore rupees in the same period last year.

Balance Sheet and Cash Flow

As of September 30, 2025, BWRL reported:

Total assets of 977.06 crore rupees
Total equity of 776.19 crore rupees
Cash and cash equivalents of 6.35 crore rupees

The company's balance sheet appears to be robust, with a strong equity position. The cash flow statement indicates that BWRL generated net cash of 55.79 crore rupees from operating activities in the first half of FY2025-26, demonstrating healthy cash generation from its core business operations.

Bharat Wire Ropes Limited's Q2 FY2025-26 results reflect a company on a growth trajectory, with improvements across revenue, profitability, and operational efficiency. The consistent performance in both quarterly and half-yearly results suggests that BWRL is well-positioned in its market segment.