The Company is engaged in the manufacturing of bead wire, a high-carbon steel wire utilized in the production of tires. Additionally, the Company produces drawn steel wire, commonly referred to as black wire, which finds applications in various industries such as automobile, construction, and engineering.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹302.06 crore, up 38.1% YoY from ₹218.36 crore in Q3 FY25; up 2.2% QoQ from ₹295.61 crore in Q2 FY26.
- Total Income: ₹302.06 crore, up 38.1% YoY from ₹218.77 crore.
- OPM: 13.4%, up from 12.0% in Q3 FY25.
- PBDT: ₹33.69 crore, up 79% YoY from ₹18.78 crore.
- PBT: ₹26.70 crore, up 116.4% YoY from ₹12.34 crore.
- Profit After Tax (PAT): ₹20.69 crore, up 122.2% YoY from ₹9.31 crore; up 0.7% QoQ from ₹20.55 crore in Q2 FY26.
- EPS: ₹4.08, up 123% YoY from ₹1.83.
- Sales Volume: 35,610 MT, up 32% YoY.
- 9M FY26:
- Total Income: ₹845.22 crore, up 23.4% YoY from ₹684.95 crore.
- Net Profit: ₹54.68 crore, up 25.4% YoY from ₹43.61 crore.
- EPS: ₹10.77, up 25.4% YoY from ₹8.59.
Management Commentary & Strategic Decisions
- Management highlighted exceptional Q3 performance with 38% revenue growth and 122% PAT growth, driven by strong volume expansion (32% YoY) and improved operating margins (13.4% vs 12.0% YoY).
- Strategic expansion continues with new facilities coming online, supporting capacity for tyre bead wire demand from OEMs and exports.
- The company remains focused on operational excellence, cost optimisation, and market share gains in the high‑precision bead wire segment for passenger car radial tyres.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹295.61 crore, up 20.4% YoY from ₹245.48 crore; up 19.4% QoQ from ₹247.55 crore in Q1 FY26.
- Total Expenses: ₹268.78 crore, up 21.7% YoY.
- PBT: ₹26.83 crore, up 8.9% YoY.
- Profit After Tax (PAT): ₹20.55 crore, up 7.9% YoY from ₹19.05 crore; up 52.0% QoQ from ₹13.52 crore.
- EPS: ₹4.05, up 8.0% YoY from ₹3.75.
Management Commentary & Strategic Directions – Q2 FY26
- Q2 FY26 delivered strong double‑digit revenue growth supported by volume expansion and stable realisations, with PAT growth reflecting operational leverage.
- Continued focus on capacity utilisation, product quality, and customer relationships to sustain momentum into H2 FY26.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.