Investors Presentation on the Financial Results for the quarter and half-year ended September 30, 2025
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BMW Industries Ltd (BMWIL), a steel processing company, filed its investor presentation for Q2 and H1 FY26. H1 FY26 operating revenue stood at ₹29,357 Lacs with an operating EBITDA of ₹6,836 Lacs (23.3% margin) and PAT of ₹3,035 Lacs (10.1% margin). The big highlight is a ₹803 Cr Greenfield downstream steel processing complex coming up in Bokaro, Jharkhand — covering Cold Rolled, Galvanised/Galvalume/ZAM and Colour Coated coils — with the first plant expected in early FY27 and funded ~70% by debt. The company has qualified under the PLI 1.1 Scheme for Coated/Plated Steel and renewed the CRM Complex contract in Jamshedpur. Pipes & Tubes capacity was expanded from 5,34,000 MT to 6,00,000 MT, and the Tubes manufacturing contract has been extended until H1 FY27 with expected revenue of ₹365 Cr. Net Debt/Equity is at a comfortable 0.24, and promoter holding stands at 74.4%.
The ₹803 Cr greenfield expansion and PLI 1.1 qualification provide strong long-term growth visibility, but the heavy debt funding (~70%) may keep leverage and return ratios under pressure in the near term. Shareholders can expect continued stable B2B processing income plus fresh revenue from the Bokaro project from FY27 onwards.