BMW Industries Limited submitted its Earnings Presentation containing Unaudited Standalone and Consolidated Financial Results for the Second Quarter and Half Year ended September 30, 2026 to BSE Limited and The Calcutta Stock Exchange Limited.

Financial Performance Highlights

Q2 FY27 Performance:

  • Revenue from Operations: ₹18,150 lakh, representing 25.3% year-on-year growth
  • Operating EBITDA: ₹3,481 lakh, with a margin of 19.2% (calculated on Operating Income)
  • PAT (attributable to owners): ₹2,162 lakh, showing 42.7% year-on-year growth with PAT margin of 11.1%
  • Diluted EPS: ₹0.96

H1 FY27 Performance:

  • Revenue from Operations: ₹34,750 lakh, representing 18.4% year-on-year growth
  • Operating EBITDA: ₹6,850 lakh, with a margin of 19.7%
  • PAT (attributable to owners): ₹4,074 lakh, showing 34.3% year-on-year growth with PAT margin of 10.9%
  • Diluted EPS: ₹1.81
  • Annualized ROE: 10.0% (excluding Non-Controlling Interest)
  • Annualized ROCE: 9.7%

Operational Highlights

Capacity Utilization (H1 FY27 Annualized):

  • CGL Complex: 70.5% utilization (Production: 3,57,592 MT)
  • Rolling Mill (TMT Bars): 85.6% utilization (Production: 77,067 MT)
  • Pipes & Tubes: 38.7% utilization (Production: 1,41,511 MT)

Segment-wise Revenue Performance (Q2 FY27):

  • CGL Complex: ₹9,680 lakh (12.0% YoY growth)
  • Rolling Mill (TMT Bars): ₹2,692 lakh (214.3% YoY growth)
  • Pipes & Tubes: ₹3,158 lakh (93.4% YoY growth)
  • Logistics: ₹1,725 lakh (69.1% YoY growth)
  • Others: ₹894 lakh (61.7% decline YoY)

Expansion Project Update

The company achieved a significant milestone with the commissioning of the first phase of its Greenfield Downstream Steel Complex at Bokaro, Jharkhand:

  • Colour Coating line received Consent to Operate (CTO) on 5th October 2026
  • Total project deployment as of 30th September 2026: ₹516.4 crore
  • Funding breakdown: ₹208.9 crore from internal accruals, ₹307.5 crore through debt
  • Approximately ₹60 crore capitalized towards the first phase of the Colour Coating line as of 5th October 2026

Balance Sheet and Cash Flow

  • Net Debt: ₹30,750 lakh (Total borrowings + Lease Liabilities - Cash and Cash Equivalents - Current Investments)
  • Net Current Assets: ₹1,199 lakh (excludes cash, current investments, short-term borrowings, and current lease liabilities)
  • Cash Conversion Cycle: 107 days (annualized, based on Revenue from Operations)
  • Working capital deployment: ₹4,188 lakh deployed towards working capital requirements of the Bokaro plant
  • NCOA/Operating EBITDA ratio: 0.09x

Management Commentary

Chairman Ram Gopal Bansal stated that performance was driven by healthy growth across conversion segments and progress on expansion initiatives. The company's focus remains on improving capacity utilization, ramping up new Bokaro facilities, and strengthening the business model through expansion of proprietary operations and value-added products.

Additional Information

The document contains forward-looking statements subject to risks and uncertainties including growth, competition, acquisitions, economic conditions, government regulations, and human resource retention.