Bharat Wire Ropes Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
BHARATWIRE · price
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Bharat Wire Ropes' board, which met on August 11, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose to ₹14,165.15 lakhs from ₹13,346.57 lakhs in Q1 FY25, a growth of about 6.1%. However, total expenses climbed faster to ₹12,111.51 lakhs, pushing net profit down to ₹1,560.50 lakhs from ₹1,805.11 lakhs, a decline of roughly 13.5%. Basic EPS stood at ₹2.24 versus ₹2.65 in the year-ago quarter. The board also appointed M/s. C N K & Associates LLP as the new statutory auditors for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval, and re-appointed Mr. Mayank Mittal (Joint Managing Director) and Mr. Venkateswararao Kandikuppa (Whole-Time Director) for fresh five-year terms. The existing auditor, NGS & Co. LLP, issued a clean limited review report with no qualifications or emphasis-of-matter paragraphs.
Mixed quarter for shareholders — top-line growth was modest while bottom-line shrank, signalling cost or margin pressure. Stability is provided by the clean auditor review and the continuity of senior management, though investors should watch the new auditor transition closely.