Bansal Wire Industries saw its shares jump over 7% after announcing record sales for the September quarter.
Record Sales in Q3 FY26
The company sold a total of 121,702 metric tons of steel wire in the September quarter, the highest volume it has ever reported. This beat the previous record of 114,600 metric tons set in the June quarter.
Overall Growth Compared to Last Year
- Sales for the first nine months of FY26 reached 340,411 MT, up from 246,888 MT in the same period last year.
- Revenue grew 27.9% year‑on‑year to ₹1,055 crore.
- EBITDA increased 19.8% to ₹81.5 crore.
- Net profit slipped slightly, down 4.3% to ₹38.3 crore.
New High‑Performance Wire
During the quarter the firm added a new product called Induction Hardened and Tempered (IHT) wire. It adds 9,000 tons of capacity and is aimed at the automotive market for parts such as suspension and valve springs.
Share Price Movement
The stock rose to a high of ₹327.75, a 7.3% gain on the day. Since its debut in July 2024, the share has fallen about 20% from its peak of ₹502.20 reached in December 2024.
Why It Matters to Investors
Strong sales volumes and a new specialty product suggest the company could keep its growth momentum. However, past price volatility means investors should watch the stock closely.
Remember, this is perspective, not a prediction. Do your own research or consult a certified financial adviser before making any investment decisions.