Bansal Wire Q1FY26 Net Profit Surges 24.6% to ₹393 Mn

New Delhi, July 22, 2025: Bansal Wire Industries Limited, country’s largest stainless steel wire manufacturing company and second largest steel wire manufacturing company by volume, reported 24.6 per cent YoY jump in net profit to INR 393 million  for the first quarter ended June 30.

Revenue rose 14.9 per cent YoY to INR9,390 million while EBITDA grew to INR 745 million, up 19.6 per cent YoY.

Pranav Bansal, MD and CEO, Bansal Wire Industries, said, “We are pleased to report a strong start to FY26 building on the momentum of a transformational FY25. Our performance reflects the strength of our integrated operations, product innovation and customer focus. India’s infrastructure growth and rising manufacturing demand continue to drive structural tailwinds for the steel wire industry with Bansal Wire well-positioned to lead this shift.”

The Dadri expansion is “progressing well with new capacity expected soon. We are also scaling our specialty wire portfolio hose wire, bead wire and steel cord targeting high-growth, high-value segments aligned with India’s import substitution drive. Unifying all businesses under a single brand has further strengthened our industry leadership”.

He added, “Our long-term road map includes a backward-integrated steel and stainless steel wire facility in Sanand, Gujarat, aimed at securing raw material supply, improving cost efficiency and enhancing sustainability through solar power, rainwater harvesting, and acid-free systems.”

The company has initiated the development of a backward-integrated steel and stainless steel wire facility in Sanand, Gujarat, as part of its strategic growth and sustainability roadmap. Major equipment for the project has already been finalised, and orders have been successfully placed with leading global suppliers.

This greenfield project is aimed at securing raw material supply, reducing exposure to market volatility and improving cost efficiency across the value chain. In line with the company’s sustainability goals, the facility will incorporate environmentally responsible features such as solar power generation, advanced rainwater harvesting systems and acid-free processing technologies.