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BMW Industries Results: Latest Quarterly Results & Analysis

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BMW Industries Ltd. 29 Jul 2025 15:07 PM
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Q1FY26 Quarterly Result Announced for BMW Industries Ltd.

Iron & Steel Products company BMW Industries announced Q1FY26 results

  • Total Income stood at Rs 15,354 Lakh in Q1FY26, down 12.5% from Q1FY25
  • EBITDA stood at Rs 3,631 Lakh in Q1FY26, down 17.9% YoY. EBITDA Margin was at 23.6%
  • PAT & PAT Margin stood at Rs 1,520 Lakh & 9.9% respectively in Q1FY26
  • Diluted EPS stood at Rs 0.67 in Q1FY26
  • Net Debt stood at Rs 16,438 Lakh in June 2025 as against Rs 12,077 Lakh in March 2025
  • Net Debt/EBITDA stood at 1.13 in June 2025

Ram Gopal Bansal, Chairman, BMW Industries said: “We are pleased to report that our key strategic initiatives are progressing well, with capacity expansion efforts firmly on track. Phase 1 of our Greenfield expansion is proceeding in line with expectations, and we remain on track to commence revenue generation from the Colour-Coated Sheet segment by Q4FY26. During the quarter, we successfully commissioned two additional Tube Mills and a 1.28 MW Rooftop Solar installation at our Jamshedpur facility. This has enhanced our Tube manufacturing capacity by 60,000 MT, taking the total to approximately 6,00,000 MT and reinforcing our commitment to capacity-led growth and sustainable operations.

Total Income for Q1FY26 stood at Rs 15,354 lakhs, marking a 4.9% sequential and 12.5% year-on-year decline. This was primarily due to a one-time, 45-day shutdown undertaken by a key customer, resulting in a temporary volume drop, particularly in the CRM and Rolling Mill segments.

EBITDA Margin stood at 23.6% compared to 25.2% in the same period last year. The 155-basis point year-on-year contraction was largely driven by transitory fixed-cost absorption on a lower revenue base. Profit After Tax stood at Rs 1,520 lakhs, with a PAT Margin of 9.9%.

Despite the temporary impact, we believe the underlying fundamentals of our business remain robust. With customer operations stabilizing, we anticipate a recovery in volumes over the coming quarters. We remain firmly on course with our blended growth strategy, which leverages both our proprietary capacities and the upcoming Greenfield expansion.

As we look ahead, our focus remains on disciplined execution, operational resilience, and unlocking long-term value through continued investments in capacity and capability.”

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Result PDF

Iron & Steel Products company BMW Industries announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Income at Rs 16,152 lakh in Q4FY25, up 17.4% from Q4FY24
  • EBITDA at Rs 3,776 lakh in Q4FY25, with a margin of 23.4%
  • PAT at Rs 1,762 lakh in Q4FY25, with a margin of 10.9%

FY25 Financial Highlights:

  • Total Income was Rs 63,869 lakh compared to Rs 60,247 lakh in FY24, reflecting a growth of 6.0%.
  • EBITDA stood at Rs 15,715 lakh compared to Rs 15,062 lakh in FY24, marking an increase of 4.3%.
  • PAT stood at Rs 7,505 lakh compared to Rs 6,375 lakh in FY24, registering a growth of 17.7%.
  • Diluted EPS was Rs 3.33 compared to Rs 2.83 in FY24, marking an increase of 17.3%.

Commenting on the results, Ram Gopal Bansal, Chairman, BMW Industries said: “We are pleased to inform you that BMW Industries Ltd. has maintained steady progress in FY25. The Company reported a Total Income of Rs 63,869 lakh in FY25. Profit After Tax for the year stood at Rs 7,505 lakh, with a margin of 11.8%, reflecting robust growth of 17.7% compared to the previous fiscal.

We are also delighted to announce that the Board has recommended a final dividend of 43 paise per share, subject to shareholder approval.

Two key developments stand out this year, marking a critical juncture in the Company’s growth journey.

The Company has renewed several contracts with long-standing customer. These contracts extend through FY29 and stand as a testament to the enduring trust placed in us by one of India’s most distinguished industrial institutions. This engagement further consolidates our position as a reliable and value-accretive partner in the steel value chain.

Concurrently, the Company has begun investments towards a Greenfield downstream steel processing complex in Bokaro, Jharkhand, focused on the ‘Coated/Plated Steel’ category. With an investment of Rs 803 crore, the strategically located facility is set to commence Phase 1 operations towards the end of FY26. We are also honoured to be qualified under the PLI Scheme 1.1 of the Honourable Ministry of Steel, Government of India, for this downstream investment.

BMW Industries stands at an inflection point in its journey. Historically anchored in the value-added conversion business, the Company is now transitioning towards a diversified model, blending established processing strengths with proprietary downstream processing. This shift represents not just a broadening of our revenue streams, but a structural transformation in the way we operate and create value. We are extremely energized by the future, as the Company leverages its capabilities. While this transition may be gradual, it sets the foundation for long-term sustainable growth. We remain committed to disciplined execution, prudent capital allocation, and delivering long-term value for our stakeholders.”

Result PDF

Iron & Steel Products company BMW Industries announced Q3FY25 results

  • Total Income at Rs 14,880 in Q3FY25, up 2.5% from Q3FY24.
  • Gross Profit at Rs 9,911 lakh in Q3FY25, up 1.0% from Q3FY24. Gross Margin was at 67.2%.
  • EBITDA at Rs 3,730 lakh in Q3FY25, up 13.2% YoY. EBITDA Margin was at 25.1%.
  • PAT at Rs 1,723 lakh against Q3FY24 PAT of Rs 1,149 lakh. PAT Margin was at 11.6%.
  • EPS stood at Rs 0.76 as against Rs 0.51 in Q3FY24.
  • Net Debt stood at Rs 15,101 lakh in December 2024 as against Rs 15,412 lakh in September 2024.
  • Net Debt/EBITDA stood at to 0.95 in December 2024 against 0.94 in September 2024.

Ram Gopal Bansal, Chairman, BMW Industries, said: We are pleased to announce that our Tubes manufacturing contract has been extended until H1 2027, with an expected revenue of Rs 36,470 lakh over the contract period. This renewal aligns with our strategic growth plans.

In Q3FY25, our Total Income reached Rs 14,880 lakh, reflecting a 2.5% increase compared to Q3FY24. For 9MFY25 Total Income stood at Rs 47,716 lakh, a similar 2.6% rise from 9MFY24.

EBITDA stood at Rs 3,730 lakh, with an EBITDA margin of 25.1%. On a nine-month basis, EBITDA was Rs 11,939 lakh, with a margin of 25.0%.

Profit After Tax (PAT) for the quarter stood at Rs 1,723 lakh, with a margin of 11.6%. For the nine-month period, PAT stood at Rs 5,743 lakh, reflecting a 28.4% increase YoY, with a margin of 12.0%.

Our focus remains on optimizing capacity utilization, supported by ongoing expansion initiatives. We continue to explore new growth opportunities to further strengthen our market position. These efforts collectively position us well for robust revenue growth and sustainable margins in the future.

Result PDF

Iron & Steel Products company BMW Industries announced Q2FY25 results

  • Total Income at Rs 15,290 in Q2FY25, down 5.1% from Q2FY24.
  • Gross Profit at Rs 9,572 lakh in Q2FY25, down 5.5% over Q2FY24. Gross Margin was at 63.7%.
  • EBITDA at Rs 3,788 lakh in Q2FY25, down 6.9% YoY. EBITDA Margin was at 24.8%.
  • PAT at Rs 1,786 lakh against Q2FY24 PAT of Rs 1,767 lakh, up 1,1%. PAT Margin was at 11.7%.
  • EPS stood at Rs 0.79 as against Rs 0.79 in Q2FY24.
  • Net Debt stood at Rs 15,412 lakh in September 2024 as against Rs 11,761 lakh in June 2024.
  • Net Debt/EBITDA increased to 0.94 in September 2024 from 0.67 in June 2024.

Ram Gopal Bansal, Chairman, BMW Industries, said: “In Q2FY25, our Total Income stood at Rs15,290 lakh, down 5.1% from Q2FY24. This fall was on account of low orders due to our customers undertaking capital maintenance, prompting us to undertake our own capital maintenance in the current quarter.

However. our Total Income for H1FY25 grew by 2.7% from Rs 31,975 lakh in H1FY24 to Rs 32,837 lakh in H1FY25.

Gross Profit fell by 5.5% YoY, to Rs9,572 lakh in Q2FY25 from Rs10,125 lakh in Q2FY24. EBITDA fell by 6.9% YoY, to Rs3,788 lakh, while our EBITDA margin stood at 24.8%.

Profit After Tax (PAT) increased from Rs1,767 lakh in Q2FY24 to Rs1,786 lakh in Q2FY25, representing growth of 1.1% YoY. Our PAT Margin also improved, rising to 11.7% from 11.0% in the same quarter last year.

Our focus remains on optimizing capacity utilization. Combined with our ongoing expansion initiatives, we are wellpositioned for robust revenue growth and sustainable margins moving forward.”

Result PDF

Iron & Steel products manufacturer BMW Industries announced Q1FY25 results:

  • In Q1FY25, total revenue increased by 27.6% QoQ and 10.7% YoY, totalling Rs 17,547 lakh.
  • Gross Profit grew by 10.5% YoY, climbing to Rs 11,327 lakh in Q1FY25 from Rs 10,248 lakh in Q1FY24.
  • EBITDA rose by 17.1% YoY, reaching Rs 4,421 lakh, while EBITDA margin expanded by 139 basis points YoY to 25.2%.
  • Profit After Tax (PAT) showed a similar positive trend, increasing from Rs 1,556 lakh in Q1FY24 to Rs 2,234 lakh in Q1FY25, representing strong growth of 43.5% YoY.
  • PAT Margin also improved, rising to 12.7% from 9.8% in the same quarter last year.
  • EPS stood at Rs 0.98 as against Rs 0.69 in Q1FY24
  • Net Debt stood at Rs 11,761 lakh in Q1FY25 as against Rs 9,937 lakh in March 2024
  • Net Debt/EBITDA increased to 0.67 in Q1FY25 from 0.62 in March 2024

Result PDF

Iron & Steel Products company BMW Industries announced Q4FY24 results:

• Total income stood at Rs 13,754 lakhs for Q4FY24
• Gross Profit stood at Rs 10,899 lakhs, up 33.9% over Q4FY23. Gross Profit Margin was at 79.4%
• EBITDA stood at Rs 3,923 lakhs in Q4FY24, up 21.3% YoY and up 19.0% QoQ. EBITDA Margin was at 28.5%
• PAT stood at Rs 1,903 lakhs against Q4FY23 PAT of Rs 1,629 lakhs, up 16.8%. PAT Margin was at 13.8%
• EPS stood at Rs 0.84 as against Rs 0.72 in Q4FY23
• Dividend Payout of ~15% for FY24
• Net Debt stood at Rs 9,937 lakhs as against Rs 22,998 lakhs in March 2023
• Net Debt/EBITDA improved further to 0.66 from 1.66 in March 2023

Commenting on the results, Ram Gopal Bansal, Chairman, BMW Industries Limited said: “We are happy to announce that our company's Total Income grew by 5.4% year-over-year to Rs 60,247 lakhs for FY24, and Q4’FY24 Total Income stood at Rs 13,754 lakhs. 

We are also pleased to announce that the Board of Directors has recommended a final dividend of Rs 0.21 per share, subject to shareholder approval. This is in addition to the previously announced interim dividend of Rs 0.22 per share. Together, these dividends translate to a dividend payout of ~ 15% for FY24.

Gross Profit has increased significantly to Rs 10,899 lakhs from Rs 8,143 lakhs YoY. This represents a sharp improvement in gross profit margin, rising from 60.2% in Q4FY23 to 79.4% in Q4FY24. The primary driver behind expansion of margin is the decrease in certain consumables price, which is a pass through.

EBITDA grew by an impressive 21.3% YoY to Rs 3,923 lakhs, while the EBITDA Margin expanded significantly by 524 basis points YoY, reaching 28.5%.

PAT followed a similar upward trend, rising from Rs 1,629 lakhs in Q4FY23 to Rs 1,903 lakhs in Q4FY24. PAT for the year grew by 17.0% and stood at Rs 6,375 Lakhs. PAT margin stood at 10.6% as against 9.5% in the previous year.

Our Net Debt position has improved significantly. Despite taking on new debt to fund our Tube Mill expansion, our Net Debt has been reduced to Rs 9,937 lakhs in March 24, compared to Rs 22,998 lakhs in March 23. This demonstrates our strong financial management and ability to generate cash flow.

It gives me immense pleasure to also announce the recent inauguration of our new Tube Mill facility, a key milestone in our ongoing expansion plan. This expansion strengthens our commitment towards reaching 1 million MT capacity of tube mill.

We remain focused on maximizing capacity utilization. This, combined with our ongoing expansion plans, will play a key role in driving robust revenue growth. The reduction in net debt, coupled with our strong revenue growth, positions us well for securing sustainable margins.”

Result PDF

Iron & Steel products company BMW Industries announced Q3FY24 results:

  • Total income at Rs 14,519 Lacs for Q3FY24, registering an increase of 1.7% YoY.
  • Adjusted EBITDA at Rs 4,369 Lacs in Q3FY24, up 3.7% YoY. Adjusted EBITDA Margin was at 30.1%.
  • Gross Profit at Rs 9,818 Lacs, up 1.8% over Q3FY23. Gross Margin was at 68.2%.
  • PAT at Rs 1,149 Lacs against Q3FY23 PAT of Rs 1,729 Lacs, down 33.6%. PAT Margin was at 7.9%.
  • EPS stood at Rs 0.51 as against Rs 0.77 in Q3FY23.
  • Net Debt stood at Rs 17,579 Lacs as against Rs 24,180 lacs in Dec’22.
  • Net Debt / EBITDA improved further to 1.92 from 3.03 in Dec’22.

Commenting on the results, Ram Gopal Bansal, Chairman, BMW Industries Limited said, “Total income grew by 1.7% YoY to Rs 14,519 lacs in Q3FY24. However, the total income fell by 9.9% QoQ largely due to fall in Zinc prices, which is a pass through.

Gross profit has risen to Rs 9,818 lacs from Rs 9,646 YoY. Gross Profit margin has increased slightly from 68.0% in Q3FY23 to 68.2% in the quarter gone by. In fact, GP margin grew sharply by 470 basis points QoQ.

Adjusted EBITDA increased by 3.7% YoY and 7.3% QoQ to Rs 4,369 lacs and Adjusted EBITDA margin stood at 30.1%, expanding by 58 bps YoY and 484 bps QoQ.

The overall profit for the quarter got impacted by a one-time debit note amounting to Rs 1,073 lacs from our key customer. The company decided to settle an old dispute and took this hit, keeping in view our long-standing relationship with the customer. Consequently, PAT fell from Rs 1,729 lacs in Q3FY23 to Rs 1,149 lacs in the quarter gone by. Our net debt improved from Rs 22,998 lacs in FY23 to Rs 17,579 lacs in Q3FY24.

We continue to prioritize maximizing our capacity utilization, and this, combined with our expansion plan, will significantly contribute to achieving robust revenue growth. Our net debt is steadily decreasing, and alongside our strong revenue growth, this will enable us to significantly improve profits and secure sustainable margins”

 

 

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