BMW Industries Limited (BMWIL), a steel processing and manufacturing company, reported a 33% year-on-year increase in total income to ₹195.42 crore for the second quarter of FY27. The company’s profit after tax attributable to owners rose 42.7% to ₹21.62 crore.
EBITDA for Q2 FY27 stood at ₹48.73 crore, with a margin of 24.9%. The PAT margin was 11.1%, while diluted earnings per share stood at ₹0.96. For the first half of FY27, total income was ₹372.10 crore. EBITDA reached ₹93.10 crore, with a margin of 25%. Profit after tax attributable to owners stood at ₹40.74 crore, representing a margin of 10.9%. Diluted EPS for the six-month period was ₹1.81.
The company said its established steel processing operations continued to perform steadily across its three core conversion segments. It is also working to increase capacity utilisation and expand its portfolio of value-added steel products. A key development during the quarter was the commissioning of the first phase of BMWIL’s greenfield downstream steel complex at Bokaro, Jharkhand. The colour coating line received its Consent to Operate on October 5, 2026, marking the company’s entry into the colour-coated steel segment.
As of September 30, 2026, BMWIL had deployed ₹516.4 crore towards the greenfield project. This included ₹208.9 crore from internal accruals and ₹307.5 crore through debt. Approximately ₹60 crore was capitalised towards the first phase of the colour coating line as of October 5, 2026.
Ram Gopal Bansal, Chairman of BMW Industries Limited, said the quarterly results reflected growth across the company’s conversion businesses and progress on its expansion programme. He said the company would focus on improving utilisation levels, increasing production at the new Bokaro facilities and expanding its proprietary operations. The Bokaro complex is planned to add products such as galvanised, Galvalume, ZAM and colour-coated steel. Subsequent phases envisage capacities of 550,000 tonnes per annum (TPA) of Cold Rolled Full Hard steel and 540,000 TPA of GA/GI/ZAM products.
Incorporated in 1981 and headquartered in Kolkata, BMW Industries manufactures and processes HRPO coils, CR coils, GP coils, GC sheets, MS and GI pipes and TMT rebars. It operates manufacturing facilities in West Bengal and Jharkhand and has a joint venture with Steel Authority of India Limited at Bokaro. The company provides manufacturing and supply chain services to major steel producers in India.
