We wish to inform you that the Board of Directors of the Company at their meeting held today, i.e Friday 25th July, 2025 approved the unaudited Financial results for the Quarter Ended 30th June, 2025.
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The Board of Directors of Bombay Wire Ropes Ltd approved the unaudited standalone financial results for Q1 FY26 on July 25, 2025. The company reported zero revenue from operations for the quarter, with total income of Rs 12.06 lakhs coming entirely from other income (up from Rs 2.44 lakhs in Q1 FY25). Total expenses stood at Rs 14.18 lakhs, mainly employee costs (Rs 8.75 lakhs) and other expenses (Rs 4.92 lakhs). The company posted a net loss of Rs 2.12 lakhs for the quarter, an improvement from the Rs 13.56 lakh loss in the same quarter last year, but still negative. Loss per share stood at Rs 0.04 versus Rs 0.25 in the year-ago period. The auditor (Batliboi & Purohit) issued an unmodified limited review report with no qualifications or emphasis of matter.
The company continues to be loss-making with no operating revenue, relying entirely on other income (likely investment/interest income) to cover expenses. While the quarterly loss has narrowed meaningfully versus the prior year, the absence of core business revenue raises concerns about long-term sustainability. Shareholders should note that the company's reserves (Other Equity of Rs 726.69 lakhs) are being eroded by recurring losses.