Bombay Wire Ropes Reports Turnaround Profit of ₹295 Lakhs in Q1 FY27 Driven by Asset Sale

Bombay Wire Ropes Limited (BSE: 504648) announced its standalone unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27), turning around from previous net losses into significant profitability.

The turnaround was primarily driven by non-operational gains, as the company recognized extraordinary income from the sale of office premises during the quarter.

Standalone Financial Summary (Q1 FY27 vs Q1 FY26)

Revenue from Operations: Stood at ₹0.00 Lakhs for Q1 FY27, unchanged from Q4 FY26 and Q1 FY26.

Other Income: Escalated to ₹444.23 Lakhs, compared to ₹12.06 Lakhs in Q1 FY26 and ₹13.86 Lakhs in Q4 FY26. This includes a one-time Profit on Sale of Office Premises amounting to ₹432.20 Lakhs, along with recurring other income of ₹12.03 Lakhs.

Total Income: Reached ₹444.23 Lakhs, marking a substantial surge over ₹12.06 Lakhs recorded in Q1 FY26.

Profit Before Tax (PBT): Turnaround to ₹421.49 Lakhs, compared to a pre-tax loss of ₹(2.12) Lakhs in Q1 FY26 and ₹(5.10) Lakhs in Q4 FY26.

Tax Expense: Total tax provision stood at ₹126.31 Lakhs (comprising current tax of ₹12.11 Lakhs and deferred tax of ₹(12.81) Lakhs).

Net Profit After Tax (PAT): Reached ₹295.18 Lakhs, reversing a net loss of ₹(2.12) Lakhs in Q1 FY26 and ₹(5.80) Lakhs in Q4 FY26.

Total Comprehensive Income: Stood at ₹295.18 Lakhs for the quarter, compared to ₹(2.12) Lakhs in Q1 FY26.

Earnings Per Share (EPS): Basic and diluted EPS surged to ₹5.53 per equity share (face value Re 1/- each, non-annualised), up from ₹(0.04) in Q1 FY26 and ₹(0.11) in Q4 FY26.

Breakdown of Expenses

Total expenses for Q1 FY27 came in at ₹22.74 Lakhs, compared to ₹14.18 Lakhs in Q1 FY26 and ₹18.96 Lakhs in Q4 FY26:

Employee Benefits Expense: Stood at ₹9.06 Lakhs (versus ₹8.75 Lakhs in Q1 FY26).

Depreciation & Amortisation: Amounted to ₹0.39 Lakhs (versus ₹0.51 Lakhs in Q1 FY26).

Other Expenses: Increased to ₹13.29 Lakhs (versus ₹4.92 Lakhs in Q1 FY26).

Balance Sheet Base & Full-Year Context

Equity Base: Paid-up equity share capital remained consistent at ₹53.40 Lakhs (face value Re 1/- per share).

Other Equity: Reported at ₹720.31 Lakhs as per the audited balance sheet disclosures for the previous fiscal year ended March 31, 2026.

FY 2025-26 Benchmark: For the full financial year ended March 31, 2026, Bombay Wire Ropes Limited had posted:

Revenue from Operations: ₹0.00 Lakhs

Total Income: ₹55.26 Lakhs

Total Expenses: ₹62.22 Lakhs

Loss Before Tax: ₹(6.96) Lakhs

Net Loss After Tax: ₹(7.66) Lakhs

Full-Year EPS: ₹(0.14)

Shares of BOMBAY WIRE ROPES LTD. was last trading in BSE at Rs. 47.50 as compared to the previous close of Rs. 47.00. The total number of shares traded during the day was 345 in over 10 trades.

The stock hit an intraday high of Rs. 47.50 and intraday low of 45.10. The net turnover during the day was Rs. 16102.00.

Source : Equity Bulls

Keywords

BOMBAYWIREROPES INE089T01023 Q1FY27 Q1FY2027 ResultUpdate