Bharat Wire Ropes reports stable revenue, declares dividend despite profit dip

Bharat Wire Ropes Limited reported a total revenue of INR 62,010.90 Lakhs for the financial year 2024-25, a slight decrease from INR 62,265.69 Lakhs in the previous year. Despite this, the company achieved a profit after tax of INR 7,244.01 Lakhs, down from INR 9,634.22 Lakhs in FY 2023-24. The board of directors recommended a dividend of INR 10 per share for its 0.01% Compulsory Convertible Preference Shares.

The company highlighted its resilience amid global challenges, with India's economy growing by 6.5% in FY 2024-25 and an anticipated 6-6.5% growth in the coming years. Bharat Wire Ropes Limited is actively expanding its domestic and international market presence, leveraging state-of-the-art machinery and comprehensive certifications including ISO 9001, ISO 14001, ISO 45001, and BIS. The company also reported a decrease in finance costs due to reduced borrowings.

The Annual General Meeting for the financial year 2024-25 will be held on Thursday, September 25, 2025, at 3:00 P.M. (IST) via Video Conferencing/Other Audio Visual Means. The e-voting period will be from Sunday, September 21, 2025 (09:00 hours IST) to Wednesday, September 24, 2025 (17:00 hours IST).