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Bansal Wire Lands Major Trial Order
13 Jun
Summary
- Bansal Wire secured a trial order for steel tyre cord from a major tyre manufacturer.
- The company's net profit and revenue increased by 21% in the last quarter.
- Bansal Wire expects 20% volume and EBITDA growth in FY27.
Bansal Wire Industries announced on Saturday, June 13, 2026, that it has received a trial purchase order for its steel tyre cord product from a major player in the tyre manufacturing industry. This order follows a successful evaluation of Bansal Wire's samples, confirming their suitability for the customer's specific requirements. The company views this as a crucial step in its growth strategy.
This development highlights Bansal Wire's capability to meet the demanding quality benchmarks of the technical tyre cord sector. The company's recent financial results for the fourth quarter show a healthy increase in performance compared to the previous year.
Net profit rose by 21% to ₹40 crore from ₹31 crore, while revenue also climbed 21% to ₹1,136 crore from ₹940 crore. The Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) saw a 10% increase, reaching ₹76.3 crore. However, the company's margins experienced a slight contraction, falling to 6.7% from 7.4% year-over-year.
Management indicated that geopolitical issues have presented some challenges to capacity utilization. Despite these factors, Bansal Wire projects a 20% growth in both volumes and EBITDA for the financial year 2027. The company reaffirmed its commitment to achieving ₹600 crore in operating cash flow and a 25% Return on Capital Employed (ROCE) in the upcoming financial year.
