Bombay Wire Ropes Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating a significant quarterly recovery with the company returning to profitability in Q3FY26. The Board of Directors approved these results in their meeting held on January 30, 2026.

Quarterly Performance Shows Strong Recovery

The company achieved a notable turnaround in Q3FY26, reporting a net profit of ₹1.55 lakhs compared to losses in recent quarters. This represents a substantial improvement from the loss of ₹1.29 lakhs recorded in Q2FY26 and a significant recovery from the ₹13.26 lakhs loss reported in Q3FY25.

Revenue and Income Analysis

The company's total income for Q3FY26 reached ₹17.21 lakhs, marking a 41.87% increase from the previous quarter's ₹12.13 lakhs and a remarkable 635.47% growth compared to ₹2.34 lakhs in Q3FY25. Notably, the company's revenue continues to be entirely derived from other income, with no revenue from operations reported during the quarter.

Nine-Month Performance Improvement

For the nine months ended December 31, 2025, Bombay Wire Ropes Limited showed significant improvement in its financial position. The company reported a net loss of ₹1.86 lakhs for the nine-month period, representing a substantial reduction from the ₹38.32 lakhs loss recorded in the corresponding period of the previous year.

Expense Management and Operational Efficiency

The company's expense management showed mixed results during Q3FY26. Total expenses for the quarter were ₹15.66 lakhs, slightly higher than ₹13.42 lakhs in Q2FY26 but lower than ₹15.60 lakhs in Q3FY25. Employee benefits expense decreased to ₹9.21 lakhs from ₹9.38 lakhs in the previous quarter, while other expenses increased to ₹5.94 lakhs from ₹3.52 lakhs.

Financial Position and Share Capital

Bombay Wire Ropes Limited maintained its paid-up equity share capital at ₹53.40 lakhs, with a face value of ₹1 per share. The company's other equity stood at ₹726.69 lakhs as of March 31, 2025. The earnings per share improved to ₹0.03 for Q3FY26, marking a positive shift from negative earnings in previous quarters.

The financial results were reviewed by the company's audit committee and approved by the Board of Directors. The independent auditor's review was conducted by Batliboi & Purohit, Chartered Accountants, who provided an unqualified review report on the unaudited financial statements.

Bombay Wire Ropes Limited (BWRL) has announced its unaudited financial results for the second quarter and first half of the fiscal year 2025-26, showing a significant reduction in losses compared to the previous year.

Financial Performance

For the quarter ended September 30, 2025, BWRL reported a net loss of ₹1.29 lakhs, a substantial improvement from the ₹11.50 lakhs loss in the same quarter of the previous year. The company's performance for the first half of the fiscal year also showed progress, with a net loss of ₹3.41 lakhs, compared to ₹25.06 lakhs in the corresponding period last year.

The financial results can be summarized as follows:

Revenue and Expenses

The company's total income for Q2 FY2026 stood at ₹12.13 lakhs, more than double the ₹5.03 lakhs reported in Q2 FY2025. For the half-year, total income increased significantly to ₹24.19 lakhs from ₹7.47 lakhs in the previous year.

Employee benefits expense for H1 FY2026 was ₹18.13 lakhs, down from ₹23.45 lakhs in H1 FY2025. Other expenses increased slightly to ₹8.44 lakhs from ₹8.05 lakhs for the same period.

Balance Sheet Highlights

As of September 30, 2025, BWRL's total assets stood at ₹792.50 lakhs, slightly lower than the ₹798.10 lakhs reported on March 31, 2025. The company maintained a strong cash position with cash and cash equivalents of ₹678.88 lakhs, compared to ₹686.57 lakhs at the end of the previous fiscal year.

Management Commentary

The Board of Directors approved these results in their meeting held on October 30, 2025. While the company continues to face challenges, the narrowing losses and increased income suggest that the management's efforts to improve financial performance may be yielding results.

Auditor's Note

The auditor's review report highlighted that the company has not transferred ₹5 lakhs of unclaimed redemption proceeds to the Investor Education and Protection Fund within the prescribed time. However, the company is taking necessary steps for compliance with this requirement.

Conclusion

Bombay Wire Ropes Limited's financial results for Q2 and H1 FY2026 show signs of improvement, with reduced losses and increased income. The company's focus on cost management and revenue growth appears to be contributing to its financial recovery. Investors and stakeholders will likely be watching closely to see if this positive trend continues in the coming quarters.