Outcome of 140th Board Meeting of Bharat Wire Ropes Limited held on 16th May, 2026
BHARATWIRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Wire Ropes Limited held its 140th Board Meeting on May 16, 2026. The company reported audited financial results for Q4 and FY2026 ending March 31, 2026. Total income for FY2026 declined to Rs 5,915.63 Lakhs from Rs 6,201.15 Lakhs in FY2025 (approximately 4.6% drop). However, net profit after tax increased marginally to Rs 724.56 Lakhs from Rs 723.01 Lakhs in the prior year. Basic EPS for FY2026 stood at Rs 10.57. The Board approved the financial results with an unmodified (clean) audit opinion from newly appointed statutory auditors M/s. Borkar & Muzumdar. The Board also recommended final dividend on 38,266 unlisted 0.01% CCPS shares, appointed new internal auditors (PKF Sridhar & Santhanam LLP) and cost auditors (Dilip M. Bathija). Borrowings reduced significantly to Rs 35.19 Crores from Rs 79.65 Crores in the prior year.
The company delivered flat net profit despite revenue decline, which may concern investors seeking growth. However, the clean audit opinion and significant debt reduction are positives. The unchanged EPS and absence of ordinary equity dividend news may limit near-term positive catalyst.