Bedmutha Industries Q2 Results: Net profit rises 308% YoY to ₹6.93 crore

Bedmutha Industries reported a standalone net profit of ₹6.93 crore for the quarter ended June 30, 2026 (Q2FY27), marking a sharp recovery from the net loss of ₹33.35 lakh recorded in Q2FY26. The company’s revenue from operations jumped 74.3% year-on-year to ₹541.43 crore, driven by robust demand in its core manufacturing segments. This performance underscores improved operational efficiency and higher sales volumes, particularly in the copper division.

The Board of Directors approved the unaudited financial results on August 12, 2026, following review by the Audit Committee. Statutory auditors SIGMAC & Co issued limited review reports for both standalone and consolidated figures. Concurrently, the Board appointed Nilesh Amrutkar as Company Secretary & Compliance Officer, effective August 12, 2026, based on recommendations from the Nomination and Remuneration Committee.

Financial Performance

The company’s total income stood at ₹544.64 crore, compared to ₹311.38 crore in Q2FY26. Total expenses increased to ₹537.71 crore from ₹314.71 crore in the prior year period, reflecting higher material costs and stock purchases aligned with increased production. Finance costs decreased slightly to ₹86.15 crore from ₹89.57 crore in Q2FY26. Earnings per share (basic) were ₹2.15, up from a loss of ₹1.03 per share in the same quarter last year.

Particulars	Q2FY27 (₹ in Lakhs)	Q2FY26 (₹ in Lakhs)	Change
Revenue from operations	54,143.33	31,059.95	+74.3%
Total Income	54,464.06	31,137.67	+74.9%
Total Expenses	53,771.32	31,471.17	+70.8%
Net Profit / (Loss)	692.75	(333.50)	Turnaround
EPS (Basic)	₹2.15	(₹1.03)	Improvement

Segment-wise Analysis

The copper segment remained the primary growth engine, contributing ₹414.66 crore to revenue, a substantial increase from ₹210.06 crore in Q2FY26. Segment profit before finance costs, exceptional items, and tax for copper was ₹71.40 crore, up from ₹26.77 crore. The steel segment generated ₹126.77 crore in revenue, slightly down from ₹129.18 crore in the previous quarter but up from ₹100.53 crore in Q2FY26. Its segment profit was ₹84.29 crore.

Segment	Revenue Q2FY27 (₹ in Lakhs)	Revenue Q2FY26 (₹ in Lakhs)	Segment Profit Q2FY27 (₹ in Lakhs)
Copper	41,466.42	21,006.46	714.03
Steel	12,676.91	10,053.49	842.90
EPC Projects	-	-	(2.77)
Others	-	-	0.05

What the Numbers Show

The most significant driver of the quarterly turnaround was the copper segment, which accounted for 76.6% of total revenue and contributed nearly half of the pre-tax profit. While steel revenue remained relatively stable compared to the immediate prior quarter, it showed healthy growth year-on-year. The decline in finance costs by approximately ₹34 lakh YoY further aided profitability, suggesting better debt management or lower interest rates on existing borrowings.

Consolidated Results & Other Developments

Consolidated net profit attributable to owners of the company was ₹6.92 crore, including a share in loss of associate Ashoka Precon Pvt. Ltd. of ₹0.55 lakh. The group has no subsidiaries or joint ventures. Notably, other income included ₹739.93 lakh from the transfer of leasehold rights for Plant-1 at Sinnar. The company also noted that it is yet to assess the full impact of pending Labour Code notifications, having made a provisional provision of ₹237.18 lakh as of March 31, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.20%	+6.97%	+6.53%	-13.52%	-16.12%	+201.96%

Bedmutha Industries Limited has accepted the resignation of Mr. Rakesh Kankariya from the position of Company Secretary & Compliance Officer. He will be relieved from his duties effective the close of business hours on August 10, 2026, as he pursues opportunities outside the organization. The company is in the process of identifying and appointing a suitable candidate to fill the vacancy within the statutory timeline.

The resignation was intimated to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Rakesh Kankariya, who holds ICSI M. No. ACS24523, submitted his resignation letter dated July 22, 2026. He requested a shorter notice period than specified in his appointment letter to facilitate his departure on the aforementioned date.

Details of Resignation

The following table outlines the key details regarding the change in key managerial personnel:

Sr. No.	Details of Events	Information of such event(s)
1	Reason for change	Mr. Rakesh Kankariya tendered his resignation to pursue opportunities outside the organization.
2	Date of cessation	He will be relieved from the services of the Company with effect from close of business hours on August 10, 2026.
3	Brief profile	Not Applicable
4	Disclosure of relationships	Not Applicable
5	Letter of Resignation	Enclosed herewith

The company has confirmed that detailed disclosures required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed. Mr. Kankariya expressed his gratitude to the Board of Directors and senior management for their support during his tenure and committed to ensuring a smooth transition of responsibilities during the handover period.