News Earnings Shree Steel Wire Ropes Reports Wider Q3FY26 Loss of ₹17.18 Lakhs Amid Revenue DeclineShree Steel Wire Ropes Reports Wider Q3FY26 Loss of ₹17.18 Lakhs Amid Revenue Decline
Shree Steel Wire Ropes Limited reported deteriorating financial performance for Q3FY26 with net loss widening to ₹17.18 lakhs from ₹3.19 lakhs in Q3FY25, while revenue from operations declined 61.44% to ₹109.50 lakhs. The nine-month period showed similar trends with net loss increasing to ₹65.76 lakhs and revenue dropping 63.01% to ₹307.34 lakhs, reflecting significant operational challenges for the steel wire ropes manufacturer.
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Shree Steel Wire Ropes Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing significant challenges in operational performance. The Mumbai-based manufacturer of steel wire ropes, railway electrification equipment, and allied products reported widening losses across both quarterly and nine-month periods.
Financial Performance Overview
The company's financial performance showed deterioration across key metrics during the reporting period. The quarterly results reflected substantial revenue decline and increased losses compared to the previous year.
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹109.50 lakhs | ₹284.07 lakhs | -61.44% |
| Total Revenue | ₹114.73 lakhs | ₹288.17 lakhs | -60.18% |
| Net Loss | ₹17.18 lakhs | ₹3.19 lakhs | -438.56% |
| Basic EPS | ₹(0.52) | ₹(0.10) | -420.00% |
Nine-Month Performance Analysis
The nine-month period ending December 31, 2025, demonstrated similar trends with significant revenue contraction and substantial increase in net losses. Revenue from operations declined to ₹307.34 lakhs from ₹830.75 lakhs in the corresponding period of FY25, representing a decrease of 63.01%.
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | ₹307.34 lakhs | ₹830.75 lakhs | -63.01% |
| Net Loss | ₹65.76 lakhs | ₹3.67 lakhs | -1,691.83% |
| Total Expenses | ₹373.61 lakhs | ₹842.35 lakhs | -55.65% |
Expense Structure and Cost Management
The company's expense structure showed mixed trends during Q3FY26. Cost of materials consumed decreased to ₹68.29 lakhs from ₹161.55 lakhs in Q3FY25, reflecting the lower production volumes. Employee benefit expenses declined to ₹34.95 lakhs from ₹51.00 lakhs, while other expenses decreased to ₹29.89 lakhs from ₹34.45 lakhs in the corresponding quarter.
Corporate Governance and Compliance
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 30, 2026. The board meeting commenced at 10:00 a.m. and concluded at 5:00 p.m. The results were prepared in accordance with Indian Accounting Standards and SEBI regulations.
Business Segment Information
Shree Steel Wire Ropes Limited operates as a single business segment focused on manufacturing steel wire ropes and wire rope allied products. The company maintains Bureau of Indian Standards certification and ISO 9001 quality management system certification. As a standalone entity without subsidiaries, associates, or joint ventures, the company submitted only standalone financial results for the reporting period.
Historical Stock Returns for Shree Steel Wire Ropes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.22% | -1.14% | -17.70% | -32.60% | -45.46% | -12.69% |
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