Bharat Wire Ropes Q1 FY27 Revenue Drops 8% to ₹1,304 Cr, EBITDA Falls 15.3%
Bharat Wire Ropes reported Q1 FY27 revenue of ₹1,304 crore, down 8.0% YoY. EBITDA decreased by 15.3% to ₹255 crore, with margins at 19.56%. PAT fell 21.8% to ₹122 crore, and EPS was ₹1.38. The company cited Middle East conflict disruptions for lower volumes and profitability pressures.
The financial results show a notable decrease in key performance indicators. While the company mentioned efforts to mitigate impact, the overall decline suggests a moderate impact on investor sentiment and future outlook.
The company reported a year-on-year decline in revenue, EBITDA, PAT, and EPS, indicating a negative financial performance for the quarter. External factors like the Middle East conflict were cited as reasons for disruption.
Bharat Wire Ropes Limited announced its financial results for the first quarter of FY27, reporting a revenue from operations of ₹1,304 crore. This represents an 8.0% decrease year-on-year from ₹1,417 crore in Q1 FY26. The company's EBITDA for the quarter stood at ₹255 crore, a decline of 15.3% compared to ₹301 crore in the same period last year. The EBITDA margin was recorded at 19.56%, down from 21.24% in Q1 FY26.
Profit After Tax (PAT) for Q1 FY27 was ₹122 crore, a decrease of 21.8% from ₹156 crore in Q1 FY26. The PAT margin was 9.36%, down from 11.01% year-on-year. Diluted Earnings Per Share (EPS) for the quarter was ₹1.38, compared to ₹1.80 in Q1 FY26, marking a 23.3% decline.
The company attributed the lower sales volume and pressure on profitability to the ongoing Middle East war escalation disrupting supply chains. However, a focus on the domestic market and value-added products helped in maintaining profitability. The company also noted an increasing trend in operational costs due to lower volumes and rising power and fuel expenses.
Bharat Wire Ropes Limited is one of India's largest manufacturers of specialty steel wire ropes, strands, slings, and wires, with a total manufacturing capacity of 72,000 MTPA across two plants in Maharashtra. The company exports to over 55 countries and employs over 1,000 people.
A plain-language summary of a public exchange filing by Bharat Wire Ropes Limited. Read the original for the full detail.