Shree Steel Wire Ropes Limited, a Mumbai-based manufacturer specializing in steel wire ropes, railway electrification equipment, and related products, has recently disclosed its unaudited financial results for the quarter and nine months ending December 31, 2025. The figures reveal a challenging operational performance, with losses widening across both the quarterly and nine-month periods.
Financial Performance Breakdown
The company’s financial performance during the reporting period showed a marked deterioration across key metrics. The quarterly results indicated a significant decline in revenue and an increase in losses compared to the previous year.
In terms of specific figures, the revenue from operations fell by 61.44% from ₹284.07 lakhs in Q3FY25 to ₹109.50 lakhs in Q3FY26. The total revenue also saw a decrease of 60.18%, dropping from ₹288.17 lakhs to ₹114.73 lakhs. The net loss increased by a staggering 438.56%, from ₹3.19 lakhs to ₹17.18 lakhs. The basic EPS also saw a significant decline, from ₹(0.10) to ₹(0.52), a change of -420.00%.
Nine-Month Performance Review
The nine-month period ending December 31, 2025, showed similar trends, with a significant contraction in revenue and a substantial increase in net losses. The revenue from operations fell by 63.01%, from ₹830.75 lakhs in FY25 to ₹307.34 lakhs. The net loss also increased dramatically, from ₹3.67 lakhs to ₹65.76 lakhs, a change of -1,691.83%.
Expense Structure and Cost Management
The company’s expense structure showed mixed trends during Q3FY26. The cost of materials consumed decreased to ₹68.29 lakhs from ₹161.55 lakhs in Q3FY25, reflecting the lower production volumes. Employee benefit expenses declined to ₹34.95 lakhs from ₹51.00 lakhs, while other expenses decreased to ₹29.89 lakhs from ₹34.45 lakhs in the corresponding quarter.
Corporate Governance and Compliance
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 30, 2026. The board meeting commenced at 10:00 a.m. and concluded at 5:00 p.m. The results were prepared in accordance with Indian Accounting Standards and SEBI regulations.
Regulatory Compliance and Publication
In compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the company published extracts of its unaudited financial results in newspapers on January 31, 2026. The publications appeared in Navshakti (Marathi) and The Free Press Journal (English), fulfilling the mandatory disclosure requirements for listed companies.
Business Segment Information
Shree Steel Wire Ropes Limited operates as a single business segment focused on manufacturing steel wire ropes and wire rope allied products. The company maintains Bureau of Indian Standards certification and ISO 9001 quality management system certification. As a standalone entity without subsidiaries, associates, or joint ventures, the company submitted only standalone financial results for the reporting period.
