Company Overview
Bimetal Bearings Limited reported strong financial performance for FY 2025-26 with 24% revenue growth to ₹296.98 crore and net profit of ₹11.72 crore. The company's 65th Annual General Meeting held on July 20, 2026, approved all resolutions including a dividend of ₹13.50 per share.
Financial Performance
Standalone Results: Revenue from operations grew 24% to ₹29,698.36 lakhs (FY26) from ₹23,907.82 lakhs (FY25), while profit after tax increased 10% to ₹1,142.17 lakhs. Earnings per share stood at ₹29.86 compared to ₹27.19 in the previous year.
Consolidated Performance: Total assets increased to ₹30,072.06 lakhs from ₹27,954.08 lakhs, with cash from operating activities at ₹1,685.81 lakhs. The company invested ₹1,268.04 lakhs in property, plant and equipment additions during the year.
Operational Highlights
The company achieved 15% overall growth across segments, benefiting from market growth in passenger vehicles (7.9%), two-wheelers (10.7%), and commercial vehicles (12.6%). Bimetal commenced battery pack and BMS manufacturing for electric vehicles with initial orders received, while facing input cost challenges from significant price increases in steel, non-ferrous metals, and petroleum products.
Joint Venture Performance
BBL Daido Private Limited (20% ownership) reported turnover of ₹20,996.64 lakhs (FY26) with profit after tax of ₹955.69 lakhs. Shareholders approved related party transactions with BBL Daido up to ₹50 crores for the period from July 20, 2026 to AGM 2027.
Corporate Governance & Compliance
The board recommended reappointment of Mr. A. Krishnamoorthy as director and ratified appointment of cost auditors for FY 2026-27. Auditors Fraser & Ross LLP issued unqualified opinions on both financial statements and internal financial controls. The company maintained compliance with all SEBI LODR regulations and Secretarial Standards.
Capital Structure & Shareholding
Paid-up capital remained at ₹382.50 lakhs (38,25,000 equity shares), with promoter holding at 74.87% through Amalgamations Group companies. Dematerialized shares constituted 95.01% of total share capital, reflecting high institutional participation.
Outlook & Strategic Initiatives
The company continues to focus on engineering & projects segment growth through stage-wise revenue recognition while expanding its EV business capabilities. Despite geopolitical conflicts affecting input costs, Bimetal maintains positive growth outlook across its automotive segments.