Shares of Bansal Wire Industries Ltd. fell over 4% on Tuesday, November 4, after the company reported its earnings results for the Q2 ended September 30.

The company reported a 28% year-on-year (YoY) growth in revenue to ₹ 1,055.4 crore for the quarter. Revenue for the same quarter last year stood at ₹825.4 crore.

It reported ₹38.3 crore in net profit, down 4.3% on a year-on-year basis and 2.3% on a sequential basis. Net profit for the same quarter last year stood at ₹40 crore while June quarter reported ₹39.2 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 20.2% from last year to ₹76.7 crore, while EBITDA margin decreased by 40 basis points to 7.3% from 7.7% a year earlier.

In July, the company's Managing Director and CEO Pranav Bansal said

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