Bansal Wire Industries Q3 results: PAT jumps two-fold to Rs 42 crore

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Bansal Wire Industries Q3 results: PAT jumps two-fold to Rs 42 crore - Business Standard

Quick Summary:

Stainless steel wires maker Bansal Wire Industries has reported over twofold rise in consolidated profit after tax (PAT) at Rs 41.6 crore, backed by higher revenues.It had posted a Rs 17.2 crore PAT in the year-ago quarter, the company said in a statement on Friday.Revenues rose 52.6 per cent to Rs 924.6 crore from Rs 606 crore in October-December 2023-24.

"During the quarter, we delivered resilient financial performance and strong operational execution, ramping up new lines for value-added products and driving value-driven volume expansion while sustaining momentum through growth initiatives," company's MD & CEO Pranav Bansal said.

The EBIDTA (earnings before interest, taxes, depreciation, and amortization) rose 99 per cent to Rs 73.1 crore from Rs 35.8 crore a year ago.