ALFA Finder
The call ran from 10:20 AM to 10:50 AM IST (31 min).
Key takeaways
Revenue ₹182 Cr (+25.3%) and EBITDA margin 19.2%, with growth shown as ramp-up potential. Bocaro is pre-ramp, and other income includes a one-off asset-sale gain. Management reiterated the 70–75% revenue CAGR to FY28 but refused short-term revenue guidance.
| Management target | Revenue 70.0% FY28 |
|---|
| Revenue growth | Revenue ₹182 Cr, +25.3% YoY; growth tied to Bocaro ramp. |
|---|---|
| Margins | EBITDA margin 19.2%; PAT margin 11.1%, up 76 bps; FY28 EBITDA target 12–13%. |
| Order book | Color-coated orders short-cycle, no book disclosed; legacy renewals ongoing. |
| Demand visibility | Domestic coated steel demand 5–7 Mt, growing 10–13% annually, per management. |
| Management confidence | Optimistic; evasive on short-term revenue and pricing questions. |
Growth
Revenue +25.3% YoY; PAT +42.7% flattered by one-time asset-sale gain in other income. EBITDA ₹35 Cr.
Outlook
FY28 targets: revenue CAGR 70–75%, EBITDA margin 12–13%, PAT margin 5–6%. Peak debt ₹800–900 Cr; galvalume Q4 FY27; ZAM H1 FY28.
Risks
Bocaro ramp unproven; no color-coated order book disclosed; peak debt ₹800–900 Cr; short-term guidance refused; legacy contract renewals ongoing.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
BMW Industries Q2 FY27 Results: Net Profit ₹21.6 Cr, Up 44.0% YoY
BMW Industries Ltd reported revenue from operations of ₹181.5 Cr (+25.3% YoY) and net profit of ₹21.6 Cr (+44.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹21.6 Cr · +44.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management reiterated aggressive long-term guidance of 70-75% Revenue CAGR and 40-45% EBITDA CAGR through FY28.
Growth they described
Revenue grew 11.6% YoY to ₹166 Cr; PAT surged 25.8% with improved capacity utilization in downstream units.
Call details
| Company | BMW Industries Ltd |
|---|---|
| NSE symbol | BMW |
| ISIN | INE374E01021 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 10:00 AM IST |
| Length | 31 min |
BMW Industries Ltd: key numbers
- Share price
- ₹50.42
- Market cap
- ₹1,135 Cr
- Revenue (annual)
- ₹665.2 Cr
- Net profit (annual)
- ₹81.12 Cr
- P/E (TTM)
- 12.4×Sector 17.0×
- Promoter holding
- 74.36%+0.00% QoQ
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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