Shares of Bansal Wire Industries, a major player in Asia's steel wire manufacturing sector, witnessed a sharp upswing during Friday's trading session on January 02. The stock price climbed 7.3% to hit an intraday high of ₹327.75 per share. This rally was triggered by the company's robust business update for the December quarter of the current fiscal year (Q3FY26).
Record-Breaking Quarterly and Nine-Month Performance
In a regulatory filing submitted on Thursday, the company announced a milestone achievement. It registered its highest-ever sales volume of 121,702 metric tons (MT) in Q3FY26. This figure surpasses the previous record of 114,60 MT set just a quarter earlier in Q2FY26.
The strong performance extends beyond the single quarter. For the nine-month period ending December 31, the company's cumulative sales volume reached 340,411 MT. This marks a significant increase compared to the 246,888 MT sold in the corresponding nine-month period of the previous fiscal year (FY25). Notably, the company's total sales volume for the entire FY25 was 344,710 MT, indicating that the current fiscal year is on track for substantial growth.
Financial Momentum and Product Expansion
The positive sales trend follows a solid financial showing in the preceding quarter. In Q2FY26 (September quarter), Bansal Wire reported a 27.9% year-on-year growth in revenue, which stood at ₹1,055 crore. The company's EBITDA also saw healthy growth, rising 19.8% YoY to ₹81.5 crore. While the net profit saw a slight dip of 4.3% YoY to ₹38.3 crore, the overall financial health appeared robust.
In its Q2 earnings statement, the company expressed confidence, citing strong cash flows and favorable market conditions. It anticipated that this positive momentum would continue into Q3FY26 and beyond. Strategically, Bansal Wire has also been expanding its product portfolio. During the September quarter, it launched Induction Hardened and Tempered (IHT) Wire, adding 9,000 tonnes of new capacity. This high-performance product is specifically targeted at the automotive industry for manufacturing critical components like suspension and valve springs.
Stock's Journey Since Market Debut
The share price movement tells a story of volatility. The company made its stock market debut in July 2024, listing at a 37% premium of ₹350 per share over its IPO price of ₹256. The stock maintained its initial momentum, soaring to an all-time high of ₹502.20 by December 2024.
However, the rally proved unsustainable. A sell-off phase began, and the stock has been under pressure since August 2025, declining by 20.6% from that period. From its peak, the stock is trading approximately 37.5% lower. For the calendar year 2025 (CY25), it finished with a negative return of 31.6%.
As Asia's largest stainless steel wire manufacturer and the second-largest steel wire manufacturer by volume, Bansal Wire's latest operational update has provided a much-needed boost to investor sentiment, reflecting in the day's sharp price appreciation.
