BSL Limited announced its unaudited financial results for Q2 and H1 FY27 ended September 30, 2026 through a press release submitted to stock exchanges.

Financial Performance Highlights

H1 FY27 Performance (₹ crore):

  • Revenue: ₹363.0 crore, up 6.0% YoY from ₹342.4 crore in H1 FY26
  • Total Income: ₹363.3 crore, up 6.0% YoY from ₹342.8 crore
  • Gross Profit: ₹157.9 crore, up 11.1% YoY from ₹142.1 crore
  • Gross Margin: 43.5%, improved by 198 bps from 41.5% in H1 FY26
  • EBITDA: ₹31.1 crore, up 17.9% YoY from ₹26.4 crore
  • EBITDA Margin: 8.6%, improved by 86 bps from 7.7%
  • PAT: ₹4.8 crore, increased 2.2x YoY from ₹2.2 crore
  • PAT Margin: 1.3%, improved by 69 bps from 0.6%

Q2 FY27 Performance (₹ crore):

  • Revenue: ₹193.3 crore, up 4.9% YoY from ₹184.3 crore in Q2 FY26
  • Total Income: ₹193.4 crore, up 4.9% YoY from ₹184.4 crore
  • Gross Profit: ₹82.5 crore, up 12.7% YoY from ₹73.2 crore
  • Gross Margin: 42.7%, improved by 298 bps from 39.7%
  • EBITDA: ₹16.7 crore, up 21.3% YoY from ₹13.7 crore
  • EBITDA Margin: 8.6%, improved by 117 bps from 7.5%
  • PAT: ₹3.1 crore, up 81.1% YoY from ₹1.7 crore
  • PAT Margin: 1.6%, improved by 68 bps from 0.9%

Quarter-over-Quarter Comparison (Q2 FY27 vs Q1 FY27):

  • Revenue growth: 13.9% (₹193.3 crore vs ₹169.7 crore)
  • Total Income growth: 13.9%
  • Gross Profit growth: 9.4%
  • Gross Margin: Declined 177 bps to 42.7% from 44.4%
  • EBITDA growth: 15.6%
  • EBITDA Margin: Improved 13 bps to 8.6% from 8.5%
  • PAT growth: 80.9%
  • PAT Margin: Improved 60 bps to 1.6% from 1.0%

Management Commentary

Mr. Nivedan Churiwal, Managing Director of BSL Limited, commented on the results:

  • The company delivered strong financial performance despite changing global trade and export conditions
  • Performance reflects continued efforts to improve operational efficiency, manage costs and maintain financial discipline
  • The company focused on business execution, improving manufacturing processes and making better use of resources
  • Improvement in profitability over the last two quarters indicates progress in strengthening earnings
  • Going forward, focus will remain on manufacturing efficiency, cost control, product quality and customer relationships
  • Expects growth momentum to continue in coming quarters with performance improving across both revenue and profitability

Company Background

BSL Limited is a vertically integrated textile company with operations spanning spinning, weaving, processing, and manufacturing using state-of-the-art technologies. The company offers:

  • Synthetic, worsted, and cotton yarns
  • Synthetic and worsted suiting
  • Furnishings and fabrics
  • Brands: 'BSL Suiting' (synthetic blended fabrics) and 'Geoffrey Hammonds' (premium worsted fabrics)
  • Annual fabric production capacity: Over 20 million metres
  • Global presence: Serves customers across India and more than 60 countries
  • Certification: ISO 9001:2015
  • Established: 1971

Corporate Structure

BSL Limited is part of the LNJ Bhilwara Group, which:

  • Generates annual revenue of USD 1.2 billion
  • Encompasses 22 companies across sectors
  • Has 5 listed companies on Indian stock exchanges
  • Operates across 41 locations in India
  • Employs over 28,000 workforce