Steel processing firm BMW Industries Ltd delivered impressive financial results for the quarter ended September 30, with net profit rising 42.7% year-on-year to ₹21.62 crore compared to ₹15.15 crore in the same quarter last fiscal year. According to a regulatory filing, total income surged 33% to ₹195.42 crore from ₹146.96 crore a year ago, while EBITDA increased 25% to ₹48.73 crore from ₹38.98 crore in the previous year. The company's diluted earnings per share stood at ₹0.96, compared with ₹0.67 in the corresponding quarter last year. On a quarter-on-quarter basis, the company showed strong momentum with total income increasing 10.6% from ₹176.68 crore in Q1 FY27 and PAT rising 13.1% from ₹19.12 crore.
While the company achieved strong absolute growth, EBITDA margin declined to 24.9% from 26.5% in the year-ago quarter, indicating some pressure on operational efficiency. However, PAT margin improved to 11.1% from 10.3% in the corresponding quarter last year, reflecting better bottom-line performance. The sequential quarterly performance showed EBITDA margin declining from 25.1% in Q1 FY27 to 24.9% in Q2, while PAT increased 13.1% from ₹19.12 crore to ₹21.62 crore. The company's diluted EPS for the quarter stood at ₹0.96, compared with ₹0.67 in the corresponding quarter last year.
For the first half of the fiscal year, BMW Industries demonstrated consistent growth momentum with net profit rising 34.3% to ₹40.74 crore from ₹30.35 crore a year ago. As reported by The Economic Times, total income increased 23.8% to ₹372.10 crore for the six-month period, reflecting the company's operational resilience across all three core segments. Diluted EPS for the half-year stood at ₹1.81 compared with ₹1.34 in the corresponding half-year period, showing significant improvement in earnings per share. EBITDA increased 23.7% to ₹93.10 crore from ₹75.28 crore in H1 FY26.
A key development was the commissioning of the first phase of the greenfield downstream steel complex at Bokaro in Jharkhand, with the colour coating line receiving its consent to operate on October 5. According to Chairman Ram Gopal Bansal, this marked the company's entry into the colour-coated steel segment. As of September 30, ₹516.4 crore had been deployed for the greenfield expansion, comprising ₹208.9 crore from internal accruals and ₹307.5 crore through debt, with around ₹60 crore capitalised towards the first phase of the colour coating line. Bansal attributed the quarterly performance to healthy growth across conversion segments and progress on expansion initiatives, with the legacy business continuing to demonstrate operational resilience across all three core segments.
Looking ahead, BMW Industries plans to focus on improving capacity utilisation and ramping up the new Bokaro facilities. The company operates through a joint venture with SAIL at Bokaro and manufacturing units in West Bengal and Jharkhand. Bansal emphasized that the legacy business continues to demonstrate operational resilience across all three core segments, positioning the company for continued growth in the steel processing industry, with the company now entering the colour-coated steel segment through its new Bokaro operations.
