BMW Industries Q2 Net Profit Rises 42.7 Per Cent to Rs 21.62 Crore

Steel processing firm BMW Industries Ltd reported a 42.7 per cent year-on-year increase in consolidated net profit to Rs 21.62 crore for the second quarter ended September 30, FY27, driven by growth in total income.

The company had posted a net profit of Rs 15.15 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing.

Total income during the July-September quarter rose 33 per cent to Rs 195.42 crore, compared with Rs 146.96 crore a year ago.

EBITDA increased 25 per cent to Rs 48.73 crore from Rs 38.98 crore in the year-ago period. However, the EBITDA margin declined to 24.9 per cent from 26.5 per cent.

Diluted earnings per share stood at Rs 0.96 against Rs 0.67 in the corresponding quarter last year.

For the first half of FY27, the company's net profit grew 34.3 per cent to Rs 40.74 crore from Rs 30.35 crore. Total income increased 23.8 per cent to Rs 372.10 crore.

Chairman Ram Gopal Bansal said the company's legacy business continued to demonstrate operational resilience across its three core segments.

He highlighted the commissioning of the first phase of the greenfield downstream steel complex at Bokaro in Jharkhand as a key milestone. The facility's colour coating line received consent to operate on October 5, marking the company's entry into the colour-coated steel segment.

As of September 30, the company had deployed Rs 516.4 crore towards the expansion, including Rs 208.9 crore from internal accruals and Rs 307.5 crore through debt. Around Rs 60 crore was capitalised towards the first phase of the colour coating line as of October 5.

Bansal said the company would focus on improving capacity utilisation and ramping up its new Bokaro facilities.