Bharat Wire Ropes Limited Approves Q Ended June 30, 2026 Results and Reappoints Director
Bharat Wire Ropes Limited announced the outcomes of its 141st Board Meeting held on August 7, 2026. The Board unanimously approved the Un-audited Financial Results for the Quarter ended June 30, 2026, along with the Limited Review Report by the company’s auditors.The meeting also included key management decisions regarding appointments. Based on the recommendation of the Nomination and Remuneration Committee, Mr. Sushil Sharda was reappointed as a Whole-Time Director for a term of five years, effective from May 19, 2027. His remuneration was fixed subsequent to the approval.
Financial Performance Review
The Limited Review Report by Borkar & Muzumdar, Chartered Accountants, stated that based on their review, nothing came to their attention that suggested the accompanying Statement contained any material misstatement or failed to disclose the required information. The company's management is responsible for the Statement, which was prepared in accordance with Indian Accounting Standard 34 (Ind AS 34).The unaudited financial results for the quarter ended June 30, 2026, are summarized below:
| Particulars | For the Quarter Ended June 30, 2026 (Unaudited) | For the Quarter Ended March 31, 2026 (Audited) | For the Quarter Ended June 30, 2025 (Unaudited) | For the Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 1,303,861 | 1,414,845 | 1,416,549 | 59,054.28 |
| Other Income | 33.08 | 5,036 | 241 | 10,198 |
| Total Income | 1,307,169 | 1,419,881 | 13.187.90 | 59,156.26 |
| Cost of Materials Consumed | 7,440.70 | 8,109.12 | 804,838 | 3,175,047 |
| Employee Benefits Expense | 177,095 | 185,293 | 166,149 | 73,674 |
| Finance Costs | 27,571 | 20,902 | 38,026 | 110,440 |
| Depreciation and Amortisation Expense | 65,813 | 61,030 | 58,158 | 237,167 |
| O Expenses | 214,262 | 1,985.97 | 189,322 | 798,179 |
| Total Expenses | 1,141,958 | 1,200,478 | 12,118.60 | 996,112 |
| Profit Before Tax | 165,212 | 219,403 | 206,950 | 9.695.14 |
| Current Tax Expense | 399.13 | 1,629 | - | 58,129 |
| Deferred Tax | 3,007 | 53,136 | 880 | 1,868.29 |
| Total Tax Expenses | 29.20 | 54,765 | 5,0580 | 2,199.58 |
| Net Profit for the Period | 122,200 | 164,638 | 1,560.50 | 724,556 |
| Total Comprehensive Income for the Period | 122,292 | 159,373 | 1,560.50 | 719,292 |
| Paid-up Equity Share Capital | 6,858.46 | 685,846 | 6,858.46 | 685,846 |
| Basic Earnings Per Share | 17 | 240 | 228 | 1,057 |
| Diluted Earnings Per Share | 138 | 17 | 180 | 766 |
The predecessor auditor had reviewed the comparative Ind AS financial information for the corresponding quarter ended June 30, 2025, and expressed an unmodified conclusion on those figures. The company operates primarily in the single segment of manufacturing wire and wire ropes.
BHARATWIRE Stock Price Movement
On Friday, shares of Bharat Wire Ropes Limited shed 1.85% in the market, settling at ₹201.17 as trading concluded. The stock saw a volume of 230,329 shares traded during the session after its price fluctuated between an intraday high of ₹208 and a low of ₹198.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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