New Delhi: BMW Industries on Wednesday posted an 87 per cent rise in consolidated net profit to Rs 33.01 crore for the quarter ended March 31, supported by growth in revenues.
It had reported a net profit of Rs 17.66 crore in the year-ago period, the company said in an exchange filing.
During the fourth quarter, the company’s total income rose to Rs 215.73 crore from Rs 161.52 crore in the January-March period of the 2024-25 financial year.
For the entire FY26, the company’s income stood at Rs 680.01 crore, higher than Rs 638.68 crore in FY25.
The board of the company also recommended a final dividend of Re 0.43 per equity share for the financial year 2025-26, subject to shareholders’ approval at the ensuing annual general meeting.
In a separate statement, the company’s Chairman Ram Gopal Bansal said, “The quarter marked a record performance, with the highest-ever quarterly PAT, reflecting a margin of 15.4 per cent. EBITDA for the quarter stood at Rs 63.90 crore, with a margin of 29.6 per cent.”
During the quarter, the company, which is in expansion mode, entered into a partnership with Indian Oil Corporation for the supply of Piped Natural Gas (PNG) at the Bokaro facility.
BMW Industries is engaged in the manufacturing of steel coils, sheets, pipes, and TMT rebars.