Bansal Wire Industries Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Simplywall
2026.01.23 00:39
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Bansal Wire Industries Limited's shares fell 8.7% to ₹275 after third-quarter results showed revenue of ₹10b, slightly below estimates, while earnings per share met expectations at ₹9.73. Analysts have revised revenue forecasts for 2027 down to ₹52.6b, a 33% increase, and EPS to ₹14.20, a 44% rise. The consensus price target dropped 9.9% to ₹409, reflecting reduced earnings outlook. Despite downgrades, Bansal Wire is expected to grow faster than the industry average of 12% annually, with analysts noting a decline in sentiment post-results.