{"id":130037,"date":"2024-08-01T14:49:50","date_gmt":"2024-08-01T09:19:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=130037"},"modified":"2024-08-01T15:56:34","modified_gmt":"2024-08-01T10:26:34","slug":"stock-jumps-9-after-companys-net-profit-increases-by-53-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-9-after-companys-net-profit-increases-by-53-yoy\/","title":{"rendered":"Steel stock jumps 9% after company&#8217;s net profit increases by 53% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2642857801\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the largest stainless steel wire manufacturer gained up to 9 percent after the company\u2019s net profit and revenue increased by 53 percent and 23 percent YoY, respectively in Q1FY25.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1748376904\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 5,856.76 crore, the shares of <strong>Bansal Wire Industries Ltd<\/strong> were trading at Rs 373.50 per share, increasing around 6 percent as compared to the previous closing price of Rs 352.40 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for rise:-&nbsp;<\/strong><\/h2><p>The share of the company has seen positive movement after Bansal Wire Industries Ltd&#8217;s revenue plummeted by 19 percent on a quarter-on-quarter basis from Rs. 571 crores in Q4FY24 to Rs. 677 crores in Q1FY25. Further, revenue magnified by 23 percent yearly from Rs 548 crores in Q1FY24 to Rs. 677 crores in Q1FY25.&nbsp;<\/p><p>Bansal Wire Industries Ltd&#8217;s net profit increased by 30 percent on a quarter-on-quarter basis from Rs. 20 crores in Q4FY24 to Rs 26 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 53 percent from Rs. 17 crores in Q1FY24 to Rs. 26 crores in Q1FY25.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3625979212\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Network &amp; Manufacturing facility:-&nbsp;<\/strong><\/h2><p>The firm exports to more than 50 nations. It has 14 representatives worldwide, including Bangladesh, Brazil, France, Germany, Israel, Italy, the Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. The company&#8217;s export turnover increased at a CAGR of 47.15% during the previous three fiscal years.&nbsp;<\/p><p>The firm has four production facilities at Mohan Nagar, Ghaziabad; Loni Industrial Area, Ghaziabad; and Bahadurgarh, Jhajjar, Haryana. Two of the four units are located in the Loni Industrial Area in Ghaziabad.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Ratio analysis:-&nbsp;<\/strong><\/h2><p>Examining the company\u2019s crucial ratio, return on equity declined from 25.71 percent in FY21-22 to 20.96 percent in FY22-23, while during the same time frame return on capital employed also inclined from 29.20 percent to 21.46 percent. In contrast, the net profit margin (NPM) stands at 2.48 percent in fiscal year 22-23.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company profile:-&nbsp;<\/strong><\/h2><p>Bansal Wire Industries Limited supports several industries including automotive, general engineering, infrastructure, hardware, consumer durables, power &amp; transmission, agricultural, and vehicle replacement. Its goods are sold under the brand name &#8216;BANSAL.&#8217; Bansal Wire has three main segments: high carbon steel wire, mild steel wire (low carbon steel), and stainless steel wire.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-4177945003\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the largest stainless steel wire manufacturer gained up to 9 percent after the company\u2019s net profit and revenue increased by 53 percent and 23 percent YoY, respectively in Q1FY25.&nbsp; With a market capitalization of Rs 5,856.76 crore, the shares of Bansal Wire Industries Ltd were trading at Rs 373.50 per share, increasing [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-130037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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