India's Bharat Wire slides to near 2-year low on qtrly profit fall

Bharat Wire Ropes

04/02/2025 05:34

** Shares of Bharat Wire Ropes  BHWR.NS  slide as much as
6.2% to 165.5 rupees, their lowest in nearly two years 
    ** Steel wire ropes maker's Dec-qtr net profit fell ~44% y/y
to 148.8 mln rupees ($1.7 mln)
    ** Expenses grew 16%, outpacing a ~3% rise in rev from ops 
    ** Stock last down 4.7%; it has fallen ~27% since its
reporting Sept-qtr results on Oct. 28
 
 ($1 = 87.1075 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))