BMW Industries Limited announced its unaudited financial results for Q2 FY27 and H1 FY27 ended September 30, 2026, through a press release issued pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
Financial Performance - Q2 FY27 (Standalone and Consolidated)
- Total Income: ₹19,542 lakh, representing 33.0% YoY growth from Q2 FY26 (₹14,696 lakh) and 10.6% QoQ growth from Q1 FY27 (₹17,668 lakh)
- EBITDA: ₹4,873 lakh with EBITDA margin of 24.9%, representing 25.0% YoY growth from Q2 FY26 (₹3,898 lakh, 26.5% margin) and 9.8% QoQ growth from Q1 FY27 (₹4,437 lakh, 25.1% margin)
- PAT (attributable to owners): ₹2,162 lakh with PAT margin of 11.1%, representing 42.7% YoY growth from Q2 FY26 (₹1,515 lakh, 10.3% margin) and 13.1% QoQ growth from Q1 FY27 (₹1,912 lakh, 10.8% margin)
- Diluted EPS: ₹0.96, representing 43.3% YoY growth from Q2 FY26 (₹0.67) and 12.9% QoQ growth from Q1 FY27 (₹0.85)
Financial Performance - H1 FY27 (Standalone and Consolidated)
- Total Income: ₹37,210 lakh, representing 23.8% YoY growth from H1 FY26 (₹30,050 lakh)
- EBITDA: ₹9,310 lakh with EBITDA margin of 25.0%, representing 23.7% YoY growth from H1 FY26 (₹7,528 lakh, 25.1% margin)
- PAT (attributable to owners): ₹4,074 lakh with PAT margin of 10.9%, representing 34.3% YoY growth from H1 FY26 (₹3,035 lakh, 10.1% margin)
- Diluted EPS: ₹1.81, representing 35.1% YoY growth from H1 FY26 (₹1.34)
Expansion Update
The company achieved a key milestone in its expansion program with the commissioning of the first phase of its Greenfield Downstream Steel Complex at Bokaro, Jharkhand. The Colour Coating line received its Consent to Operate (CTO) on 5th October 2026.
As of September 30, 2026, ₹516.4 crore had been deployed towards the greenfield expansion, comprising:
- ₹208.9 crore from internal accruals
- ₹307.5 crore through debt
Approximately ₹60 crore was capitalized towards the first phase of the Colour Coating line as of 5th October 2026.
Management Commentary
Mr. Ram Gopal Bansal, Chairman, stated that the performance was driven by healthy growth across conversion segments and progress on expansion initiatives. The legacy business demonstrated operational resilience across all three core segments with stable operating performance. The company's focus going forward will be on improving capacity utilization, ramping up new Bokaro facilities, and strengthening the business model through expansion of proprietary operations and value-added products.
Company Background
BMW Industries Limited is a leading manufacturer in the steel services sector engaged in manufacturing HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, TMT rebars. The company has manufacturing units in West Bengal and Jharkhand and a joint venture with SAIL (Steel Authority of India Limited) in Bokaro. The new downstream steel complex at Bokaro will expand the product portfolio to include Galvanized, Galvalume, ZAM and Colour Coated products, with subsequent phases envisaging 550,000 TPA of Cold Rolled Full Hard and 540,000 TPA of GA/GI/ZAM capacities.