Bansal Wire Q3 sees modest profit growth, EBITDA jumps nearly 20% YoY

Bansal Wire Industries reported a steady set of Q3 results, with profitability supported by margin expansion and healthy revenue growth, even as the company continues to contest a large GST notice relating to earlier years.

Net profit for the December quarter rose 3.8% year-on-year to ₹43.2 crore, compared with ₹41.6 crore in the corresponding period last year. Revenue increased 11.4% YoY to ₹1,029 crore from ₹924 crore, reflecting stable demand across its steel wire product portfolio. Operating performance was stronger, with EBITDA rising 19.7% YoY to ₹85.5 crore, up from ₹71.4 crore a year ago.

The improvement in operating profitability translated into a margin expansion of 60 basis points, with EBITDA margin coming in at 8.3% compared with 7.7% in Q3 last year. The margin gains point to better operating leverage and cost efficiencies amid a challenging input cost environment for metal manufacturers.

In December 2025, Bansal Wire Industries received a show-cause notice from the Joint Commissioner, SGST, Ghaziabad, seeking ₹202.77 crore for FY21. The amount includes tax of ₹69.19 crore, interest of ₹64.39 crore and penalty of ₹69.19 crore. The notice pertains to issues related to e-way bills, availment of blocked and excess input tax credit, and alleged non-payment of tax on the sale of RODTEP licences.

Also read: Bansal Wire Industries gets GST notice of ₹203 crore for FY21

The company has maintained that the claims are untenable and said it will file an appropriate response within the prescribed timelines. Management has stated that there is no material impact on the company’s financials, operations or ongoing activities arising from the notice, adding that a similar notice for FY20 was resolved with a negligible outflow.

Shares of Bansal Wire Industries Limited closed down on the NSE at ₹300.00, lower by ₹4.45 or 1.46%.