Latest news with #BansalWireIndustries
Business Standard
20-05-2025
- Business
- Business Standard
Bansal Wire Industries consolidated net profit rises 41.72% in the March 2025 quarter
Sales rise 32.68% to Rs 940.20 crore Net profit of Bansal Wire Industries rose 41.72% to Rs 33.12 crore in the quarter ended March 2025 as against Rs 23.37 crore during the previous quarter ended March 2024. Sales rose 32.68% to Rs 940.20 crore in the quarter ended March 2025 as against Rs 708.62 crore during the previous quarter ended March 2024. For the full year,net profit rose 96.44% to Rs 144.62 crore in the year ended March 2025 as against Rs 73.62 crore during the previous year ended March 2024. Sales rose 42.22% to Rs 3507.17 crore in the year ended March 2025 as against Rs 2466.03 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 940.20708.62 33 3507.172466.03 42 OPM % 7.656.45 - 7.665.86 - PBDT 61.5337.55 64 240.38120.45 100 PBT 50.7931.79 60 210.39107.00 97 NP 33.1223.37 42 144.6273.62 96
New Indian Express
10-05-2025
- Automotive
- New Indian Express
Bansal Wire becomes first local firm to roll out tyre cords
Dadri, Ghaziabad-based Bansal Wire Industries, the largest stainless steel wire manufacturer in the country, has entered the tyre cords segment. With this, Bansal has become the first domestic firm to enter this high-end wire segment, which was so far served only by the Belgian firm Bekaert with its Pune plants since 1998. Bansal, which went public last July with a Rs 750-crore public issue, is the second largest wire-maker in the country with 6% market share after Tata Wires which controls 7% of the industry. Bansal's tyre cords entry will considerably reduce the domestic tyremakers' heavy dependence on imports for this critical safety element in tyres, Bansal Wire chief executive Pranav Bansal told TNIE. Bansal has also opened a new plant in Dadri, thus more than doubling wire capacity to 6 lakh tonne per annum. It serves over 5,000 customers from a range of sectors such as automotives, general engineering, infrastructure, hardware, consumer durables, power generation & transmission, agriculture and auto replacement, offering over 3,000 stock keeping units in 0.04 mm-15.65 mm sizes.
