BMW Industries reports Q2 FY26 results, progress on expansion projects

BMW Industries Limited reported an operating income of ₹14,489 Lacs for Q2 FY26, with an operating EBITDA of ₹3,691 Lacs, yielding a 25.5% margin. Profit after tax (PAT) stood at ₹1,515 Lacs, a 10.3% margin. For the half-year ended September 30, 2025, the company recorded an operating income of ₹29,357 Lacs and a PAT of ₹3,035 Lacs, reflecting a 10.1% margin. Key financial highlights include a net debt/equity of 0.24 and net debt/operating EBITDA of 1.31 as of September 2025.

The company is progressing with a greenfield expansion in Bokaro, Jharkhand, for a downstream steel complex, with a total estimated cost of ₹803 Crore. The first plant is expected to commence commercial operations in early FY27. Additionally, BMW Industries Limited has expanded its pipes and tubes production capacity to 600,000 MT, incurring ₹15 Crore of a ₹25 Crore outlay for Phase 2. The company also announced a contract extension for tubes manufacturing, anticipating ₹365 Cr. in revenue over the period.

The investor presentation highlights strong industry growth factors, including India's finished steel production projected to reach 300 MMT by FY31 and a strategic market creation in coated steel. BMW Industries also emphasized its ESG commitments, including installed solar panels, zero liquid discharge at all plants, and extensive tree planting initiatives.