Bansal Wire Sees 120.76% YoY Rise In Net Profit In Q2FY25
The revenue of the company also increased by 36.79 per cent on-year to Rs 8,254.49 million in the recently concluded quarter
Marking a 120.76 per cent year-on-year (YoY) jump in the second quarter of the current financial year (Q2FY25), Bansal Wire Industries has posted a net profit of Rs 400.59 million in Q2FY25 from Rs 181.46 million in Q2FY24. The company saw its 101.94 per cent YoY rise in its net profit in the first half of the current fiscal (H1FY25) as it increased to Rs 715.73 million.
The company’s net profit margin (profit after tax margin) was 4.83 per cent in Q2FY25, as compared to 3 per cent in Q2FY24. The revenue of the company also increased by 36.79 per cent on-year to Rs 8,254.49 million in the recently concluded quarter, as compared to Rs 6,034.50 million in the corresponding quarter of the previous fiscal.
“The second quarter saw a strong order inflow, and we expect this momentum to carry into H2, supported by continued economic growth and increase in infrastructure spending. We are building a solid foundation through a diversified product portfolio along with an expansion in retail distribution network, which will enhance our margins as we advance into high-value product segments and deepen our presence in the B2C market,” stated Pranav Bansal, Managing Director and Chief Executive Officer (CEO), Bansal Wire Industries.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) was Rs 681.04 million in Q2FY25, as compared to Rs 380.66 million in Q2FY24. The same in H1FY25 was Rs 1,303.47 million. The EBITDA margin in the Q2FY25 was 8.21 per cent. The same margin in the corresponding quarter of the previous financial year (Q2FY24) 6.29 per cent.
