Bansal Wire Industries posted a strong Q1 FY26 performance, with net profit rising 24.6% YoY to Rs393 Mn, driven by robust revenue growth and expanding specialty wire segments.
Bansal Wire Industries Limited, India’s largest stainless steel wire manufacturer and second-largest steel wire producer by volume, has reported a 24.6% year-on-year rise in net profit to Rs393 Mn for Q1 FY26. The company’s revenue grew 14.9% to Rs9,390 Mn, while EBITDA rose 19.6% to Rs745 Mn, reflecting strong operational efficiency and sustained demand across segments.
The company’s EBITDA margin improved to 7.9%, up 30 basis points from Q1 FY25, while PAT margin rose to 4.2%, signaling healthy profitability. These results build on a transformational FY25, where Bansal Wire posted 94.5% profit growth and 42.2% revenue growth, underscoring its strategic execution and product innovation.
Commenting on the performance, Pranav Bansal, MD & CEO, 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.”
The company is scaling its specialty wire portfolio — including hose wire, bead wire, and steel cord — targeting high-growth, high-value segments aligned with India’s import substitution drive. The Dadri expansion is progressing well, with new capacity expected soon.
A major strategic move is the development of a backward-integrated steel and stainless steel wire facility in Sanand, Gujarat, aimed at securing raw material supply and improving cost efficiency. The greenfield project will feature solar power generation, advanced rainwater harvesting, and acid-free processing technologies, reinforcing Bansal Wire’s commitment to sustainability.
With orders placed for major equipment and a unified brand strategy in place, Bansal Wire is well-positioned to lead India’s industrial wire segment. The company remains focused on execution, innovation, and market expansion to deliver long-term stakeholder value.
