Iron & Steel Products company Bansal Wire Industries announced Q1FY25 results:
- Company’s PAT for the quarter was at Rs 315.1 million rose 82.2% from Rs 173 million
- Company’s Revenue for Q1FY25 rose 49.1% to Rs 8,169.2 million
Commenting on the performance, Pranav Bansal, MD & CEO, Bansal Wire Industries said, “Following the tremendous success of our recent Initial Public Offering (IPO), we are thrilled to announce another outstanding quarterly performance, showcasing our operational efficiencies and capabilities. We anticipate sustained growth momentum throughout FY25 as the Government’s ongoing focus on infrastructure development, automotive industry and an expected increase in capital expenditure, presents a highly favourable environment for our industry. Bansal Wire is strategically positioned to capitalize on these opportunities and drive continued success in the coming years.”