Bansal Wire Industries Ltd. (BWIL), founded in 1985, stands as India’s foremost manufacturer and exporter of stainless steel wires. As part of the Bansal Group, which has its origins in a wire-trading business established by Shri Shyam Sunder Gupta in 1938, BWIL has risen to prominence within the steel wire sector.
Bansal Wire Industries Limited, a prominent entity in the wire production industry, has officially unveiled an innovative new product—the “IIose Wire” (Brass Coated Hose Reinforcement Wire) on December 23, 2024. This cutting-edge addition to our range is poised to transform the industry with its superior quality and enhanced performance.
Engineered for optimal strength and durability, IIose Wire represents the perfect solution for hose reinforcement, delivering exceptional resistance to corrosion and wear. With this launch, Bansal Wire Industries strengthens its pledge to offer state-of-the-art solutions that meet the changing demands of our customers and bolster our market position.
Bansal Wire Industries Ltd. has reported impressive financial results for Q2 FY25, showcasing a notable 120.76% increase in net profit, which reached ₹400.59 million. This growth was driven by a substantial rise in revenue, which climbed by 36.79% to ₹8,254.49 million compared to the same quarter last year.
The company also experienced a significant improvement in EBITDA, which surged by 78.91% to ₹681.04 million, up from ₹380.66 million in Q2 FY24. These robust results highlight Bansal Wire Industries’ operational effectiveness and its capability to seize market opportunities.
Bansal Wire Industries Ltd.’s share price is ₹450.75 on NSE at 3:18 p.m., up over 2%. Today, the share price is ₹453.00, a high traded.
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Published on: Dec 24, 2024, 4:18 PM IST
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