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.

Bombay Wire Ropes Limited (BOMBWIR), a Mumbai-based company, has released its unaudited financial results for the first quarter, showing a significant reduction in net loss compared to the same period last year.

Financial Performance

The company's Board of Directors approved the unaudited financial results for the quarter ended June 30 during a meeting held on July 25. Key highlights from the financial results include:

Improved Financial Position

Bombay Wire Ropes Limited has shown a marked improvement in its financial performance for the quarter ended June 30, 2025. The company reported a net loss of Rs 2.12 crore, which is significantly lower than the Rs 13.56 crore loss reported in the same quarter of the previous year. This represents an 84.37% reduction in net loss year-over-year.

Earnings Per Share

The company's earnings per share (EPS) for the quarter stood at negative Rs 0.04, an improvement from negative Rs 0.25 in the corresponding quarter of the previous year. This aligns with the overall reduction in net loss for the period.

Capital Structure

As of June 30, 2025, Bombay Wire Ropes Limited maintained its equity share capital at Rs 53.40 crore, unchanged from the previous quarters. The company reported other equity of Rs 726.69 crore, providing insight into its overall equity structure.

Board Meeting Details

The board meeting to approve these results commenced at 1:00 PM and concluded at 1:30 PM on July 25, 2025. The financial results were approved and taken on record by the Board of Directors during this meeting.

Regulatory Compliance

In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bombay Wire Ropes Limited has filed the detailed format of the financial results with the Stock Exchange. The full format of the financial results is available on the company's website and on the BSE website.

While the company continues to face challenges, as evidenced by the ongoing losses, the significant reduction in net loss compared to the previous year suggests that Bombay Wire Ropes Limited may be making progress in its efforts to improve its financial performance.