BMW Industries Ltd. Results

Q2FY25 Quarterly Result Announced for BMW Industries Ltd.

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.”

Q1FY25 Quarterly Result Announced for BMW Industries Ltd.

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

Q4FY24 Quarterly Result Announced for BMW Industries Ltd.

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.”

Q3FY24 & 9MFY24 Quarterly Result Announced for BMW Industries Ltd.

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”