Bombay Wire Ropes Approves Unaudited Financial Results for Quarter Ended June 30, 2026
Bombay Wire Ropes Limited announced the approval of its Unaudited Financial Results (Standalone) for the quarter ended June 30, 2026, at its Board of Directors meeting held on July 24, 2026.The company's Q1 results reflected a total income of 444.23 Lakhs. The financial statement indicated total expenses of 22.74 Lakhs. Consequently, the profit before exceptional items and tax stood at 421.49 Lakhs. After taxes, the total comprehensive income for the period was reported at 295.18 Lakhs.
The performance metrics for the quarter are detailed below:
| Metric | Value (in Lakhs) |
|---|---|
| Total Income | 444.23 |
| Total Expenses | 22.74 |
| Profit before Tax | 421.49 |
| Total Comprehensive Income | 295.18 |
| Earnings Per Share (Basic/Diluted) | 5.53 |
The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.
Related Party Arrangement and Asset Management
During the same meeting, the company provided an emphasis on a related party arrangement involving The New Great Eastern Spinning and Weaving Company Limited. This arrangement was approved by shareholders via postal ballot following a board decision made on February 24, 2026.The agreement covered two main aspects:
1. The sale of the company's office premises, measuring 1,340 sq. ft., located at 401 to 405, Jolly Bhavan No. 1, 10, New Marine Lines, Mumbai 400020.
2. A licensing arrangement where a 250 sq. ft. area in the same premises was put up for lease for three years at a monthly license fee of <75,000.
The Sale Deed pertaining to the office premises sale was registered on May 27, 2026.
Stock Price Movement
At the close of trade today, Bombay Wire Ropes Ltd settled at ₹47.50, finishing a flat session against the previous close. Shares navigated an intraday trading range that spanned from a low of ₹47.50 up to a high of ₹48.50.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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