Bharat Wire Ropes LimitedQ1 FY27 Results & Financial Update
Bharat Wire Ropes Limited: Q1 FY27 standalone results and company financials – revenue ₹130.39 Cr, PAT ₹12.23 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Bharat Wire Ropes Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Bharat Wire Ropes Limited reported standalone revenue from operations of INR 130.39 crore (INR 1,303.86 lakh) for the first quarter ended June 30, 2026. Total income for the quarter stood at INR 130.72 crore, supported by other income of INR 0.33 crore.
Profit before tax (PBT) for Q1 FY27 reached INR 16.52 crore, while net profit after tax (PAT) came in at INR 12.23 crore. Basic and diluted earnings per share (EPS) for the quarter were reported at INR 1.79 and INR 1.38 respectively, on a face value of INR 10 per share.
s in the investor presentation, sales volumes for the quarter stood at 8,619 metric tonnes (MT), reflecting softer off-take compared to 9,261 MT in Q1 FY26 and 9,948 MT in Q4 FY26. Management attributed this volume moderation to ongoing supply chain disruptions stemming from Middle East conflict escalations.
Operating profitability experienced downward pressure during the quarter, with EBITDA declining to INR 25.50 crore (INR 255 million) and an EBITDA margin of 19.56%. The investor presentation noted that operational cost pressures were compounded by lower sales volumes alongside rising power and fuel expenses.
The company continued to prioritize its domestic market presence and higher-margin value-added product mix to cushion profitability against international supply bottlenecks. Finance costs for the quarter were reported at INR 2.76 crore, while depreciation and amortization expenses stood at INR 6.58 crore.
Tax expenses for Q1 FY27 totaled INR 4.29 crore, comprising current tax of INR 3.99 crore and deferred tax of INR 0.30 crore. Total comprehensive income for the period matched net profit at INR 12.23 crore, as no other comprehensive income items were recognized during the quarter.
Bharat Wire Ropes Limited recorded standalone revenue from operations of INR 130.3861 crore for the first quarter ended June 30, 2026, accompanied by total income of INR 130.7169 crore including other income of INR 0.3308 crore.
Profit before tax (PBT) for the quarter stood at INR 16.5211 crore after total expenses of INR 114.1958 crore, while net profit after tax (PAT) was reported at INR 12.2291 crore, resulting in a basic earnings per share of INR 1.79 and diluted earnings per share of INR 1.38.
01 · Business model
What does Bharat Wire Ropes do?
Bharat Wire Ropes Limited is a prominent Indian manufacturer specializing in specialty steel wire ropes, steel wires, strands, and slings. Headquartered in Mumbai, Maharashtra, the company operates two integrated manufacturing plants with a combined total production capacity of 72,000 MTPA.
The manufacturing footprint comprises a 6,000 MTPA facility located at Atgaon and a larger 66,000 MTPA plant at Chalisgaon in Maharashtra, both utilizing global technology from Germany, the UK, and Korea featuring high-speed stranding and zero-liquid-discharge systems.
The company's extensive product catalog spans thousands of SKUs, including wire ropes ranging from 6 mm to 100 mm and high-carbon steel wires from 0.3 mm to 5.5 mm. These products serve mission-critical applications across diverse sectors such as oil and gas exploration, elevators, cranes, shipping, ports, mining, general engineering, and infrastructure.
Bharat Wire Ropes maintains a robust international distribution footprint, exporting to over 55 countries including the United States, Australia, the Middle East, the United Kingdom, Singapore, South Africa, and Vietnam, while catering to government, semi-government, and multi-national private clients.
02 · Historical context
What shaped the business before this quarter
Bharat Wire Ropes Limited was originally incorporated in the year 1986 and was subsequently acquired in 2010 by current promoter and managing director Mr. M. L. Mittal.
The company established two integrated manufacturing units in Maharashtra, growing its total installed capacity to 72,000 MTPA across the Atgaon and Chalisgaon plants.
Over the five-year period leading up to FY26, the company achieved a revenue CAGR of 19% and an EBITDA CAGR of 32%, driven by value-added product expansion and cost optimization.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹130.39 Cr |
| Total income | ₹130.72 Cr |
| Profit before tax | ₹16.52 Cr |
| Profit after tax | ₹12.23 Cr |
| EPS | ₹1.38 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations for Q1 FY27 stood at INR 130.39 crore, driven by a sales volume of 8,619 MT compared to 9,261 MT in the corresponding period of the previous year.
The company maintains a diversified market reach spanning domestic clients and exports to over 55 countries, with management emphasizing domestic market focus to support realization during export headwinds.
According to company presentations, quarterly sales volume contracted to 8,619 MT from 9,261 MT in Q1 FY26, affected by logistical challenges in export markets.
The company balanced international headwinds by focusing on domestic demand and value-added product categories.
What drove margins
Management reported an increasing trend in operational costs during the quarter, specifically driven by higher power and fuel expenses alongside lower manufacturing volumes.
The company utilized its focus on value-added specialty wire ropes and strands to help maintain profitability amidst adverse external operating conditions.
Finance costs stood at INR 2.7571 crore and depreciation and amortisation expenses reached INR 6.5813 crore for the quarter.
05 · Demand, customers & order book
Where demand is coming from
BWR serves government, semi-government, private, and multi-national organizations across oil and gas, infrastructure, mining, elevators, cranes, ports, and shipping.
The company serves government, semi-government, private, and multinational customers across industries such as oil and gas, infrastructure, mining, elevators, and marine sectors.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company is principally engaged in a single business segment, namely the manufacturing of wire and wire ropes, based on the nature of products, risks, returns, and internal reporting systems.
Geography and market mix
Products are exported to over 55 countries including the US, UK, Australia, Middle East, Singapore, South Africa, and Vietnam, though geopolitical tensions in the Middle East impacted international supply chains.
BWR maintains an export presence across more than 55 countries, though regional supply chains in the Middle East encountered disruption during the quarter.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Total manufacturing capacity remains at 72,000 MTPA across the Chalisgaon plant (66,000 MTPA) and Atgaon plant (6,000 MTPA) in Maharashtra.
Projects, capex and execution
The company operates 6.5 MW of captive solar power capacity, with an additional 1.86 MW currently under commissioning, taking total planned solar capacity to 8.36 MW.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Environmental initiatives include expanding captive solar power generation to approximately 98 lakh clean units annually and maintaining zero-liquid-discharge facilities across plants.
Strategic focus remains centered on expanding high-margin value-added specialty wire ropes and engineered solutions.
09 · Reported developments
What changed operationally
Targeted focus on the domestic market and value-aided product categories helped sustain operational profitability despite external supply chain hurdles.
10 · Pressure points & risks
What is not going smoothly
Escalating conflict in the Middle East continued to disrupt international supply chains, resulting in lower export sales volumes and margin pressure.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Environmental and Sustainability Milestones
BWR's 6.5 MW operational solar capacity generates approximately 98 lakh units of clean power annually, avoiding around 7,000 tonnes of grid carbon emissions. Additionally, the company has planted over 12,000 trees since 2016.
Reported update
Sustainability Milestones
BWR maintains zero-liquid-discharge facilities across its plants, achieving 100% wastewater reuse, and has planted over 12,000 trees since 2016.
12 · Previous-quarter changes
What changed since the previous quarter
Sales volume decreased sequentially to 8,619 MT in Q1 FY27 from 9,948 MT in Q4 FY26, leading to a moderation in quarterly operating revenue from INR 141.48 crore to INR 130.39 crore.
13 · Key Q&A
The quarter, answered directly
What does Bharat Wire Ropes do?
Bharat Wire Ropes Limited is a prominent Indian manufacturer specializing in specialty steel wire ropes, steel wires, strands, and slings. Headquartered in Mumbai, Maharashtra, the company operates two integrated manufacturing plants with a combined total production capacity of 72,000 MTPA.
What is the clearest takeaway from Q1 FY27?
Bharat Wire Ropes Limited reported standalone revenue from operations of INR 130.39 crore (INR 1,303.86 lakh) for the first quarter ended June 30, 2026. Total income for the quarter stood at INR 130.72 crore, supported by other income of INR 0.33 crore.
What drove revenue or demand?
Revenue from operations for Q1 FY27 stood at INR 130.39 crore, driven by a sales volume of 8,619 MT compared to 9,261 MT in the corresponding period of the previous year.
What mattered most for margins or profitability?
Management reported an increasing trend in operational costs during the quarter, specifically driven by higher power and fuel expenses alongside lower manufacturing volumes.
What changed operationally beyond the headline numbers?
Total manufacturing capacity remains at 72,000 MTPA across the Chalisgaon plant (66,000 MTPA) and Atgaon plant (6,000 MTPA) in Maharashtra.
What are the main pressure points disclosed for the quarter?
Escalating conflict in the Middle East continued to disrupt international supply chains, resulting in lower export sales volumes and margin pressure.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Commissioning of Solar Capacity: Monitor the completion and operationalization of the 1.86 MW solar power project currently under commissioning.
- 02
Export Volume Recovery: Track the stabilization of Middle East shipping lanes and international logistics affecting export volume off-take.
- 03
Solar Commissioning: Track the successful commissioning of the remaining 1.86 MW solar power capacity pipeline to gauge energy cost efficiencies.
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