According to reports from Mint, Bansal Wire Industries achieved its highest-ever sales volume of 121,702 metric tons (MT) in Q3FY26, surpassing the previous record of 114,600 metric tons in Q2FY26. The company, recognized as one of Asia's leading steel wire manufacturing companies by volume, reported this milestone in its regulatory filing on Thursday. For the nine months ended December 31, the company's sales reached 340,411 MT, compared to 246,888 MT in the corresponding nine-month period of FY25.
As reported by Mint, shares of Bansal Wire Industries surged 7.3% to ₹327.75 in Friday's trading session following the business update announcement. The positive market reaction came after the company disclosed its record-breaking quarterly sales performance. Despite this rally, the stock has faced significant pressure since August 2025, declining 20.6% during this period.
According to the report, in the September quarter (Q2FY26), Bansal Wire Industries demonstrated strong operational performance with 27.9% year-on-year growth in revenue to ₹1,055 crore. The company's EBITDA increased 19.8% YoY to ₹81.5 crore during the same period. However, net profit experienced a marginal decline of 4.3% YoY to ₹38.3 crore. The company expressed confidence in maintaining this momentum through Q3FY26 and beyond, citing strong cash flows and favorable market fundamentals.
As reported by Mint, during the September quarter, Bansal Wire Industries significantly enhanced its specialty wire portfolio by launching Induction Hardened and Tempered (IHT) Wire with 9,000 tonnes of new capacity. This high-performance product specifically targets the automotive sector, primarily for manufacturing suspension and valve springs. The company positions itself as the largest stainless steel wire manufacturing company and the second-largest steel wire manufacturing company by volume.
According to the report, despite the recent rally, Bansal Wire Industries shares have remained under significant pressure since August 2025. The stock has declined 20.6% from its August levels and finished CY25 with a negative return of 31.6%. The shares, which debuted on the Indian stock market in July 2024 at a 37% premium of ₹350 over the IPO price of ₹256, reached an all-time high of ₹502.20 in December 2024 before experiencing a substantial sell-off, currently trading 37.5% lower from that peak level.
