Bombay Metrics Supply Chain Limited announced its audited financial results for the six months and year ended March 31, 2026. The company reported a decline in profitability and revenue for the full year, citing geopolitical uncertainties and demand contraction in export markets as primary reasons.

Financial Performance Overview

For the financial year 2026, bombay metrics supply chain recorded a 9% decrease in revenue from operations, which settled at ₹9,263.19 lakhs compared to ₹10,147.48 lakhs in FY25. Profitability metrics also contracted significantly. EBITDA fell by 46% to ₹457.37 lakhs from ₹853.26 lakhs in the prior year. Consequently, the EBITDA margin narrowed to 4.88% from 8.31% in FY25.

Profit After Tax (PAT) declined by 63% to ₹165.36 lakhs, down from ₹450.02 lakhs in the previous year. The PAT margin stood at 1.76% for FY26, compared to 4.38% in FY25. Earnings Per Share (EPS) followed the same trend, dropping to ₹1.34 from ₹3.66 in the preceding year.

Half-Yearly Results

The second half of the fiscal year (H2 FY26) also reflected the challenging operating environment. Revenue for H2 FY26 stood at ₹4,581.99 lakhs, a 13% decline from ₹5,288.33 lakhs in H2 FY25. On a sequential basis (H-o-H), revenue decreased by 2% from ₹4,681.20 lakhs in H1 FY26.

PAT for H2 FY26 contracted by 74% year-on-year to ₹75.06 lakhs, compared to ₹286.42 lakhs in H2 FY25. Sequentially, PAT decreased by 17% from ₹90.31 lakhs in the first half of the year. The EBITDA margin remained stable at 4.88% during H2 FY26, consistent with H1 FY26, but was lower than the 9.71% recorded in H2 FY25.

Operational Review

The operational performance highlighted a shift in the company's revenue streams. For the full year FY26, the "Sale of Product" segment grew by 5% to ₹8,256 lakhs, while "Technical Engineers Support" and "Sale of Service" saw significant declines of 71% and 39%, respectively. "Other Operating Revenue" dropped by 80%.

Industry-wise performance for FY26 showed strong growth in the "Raw Material (Aluminium Alloy)" segment, which surged by 253% to ₹1,887 lakhs. However, key sectors such as "Transportation & Automobile" and "Lighting" reported declines of 26% and 17%, respectively. The domestic business registered growth of approximately 253%, offsetting some of the weaknesses in export revenues.

Management Commentary

The management stated that the global business environment remains uncertain due to geopolitical issues, tariff structure changes, and rising energy costs. These factors impacted trade flows and supply chain efficiencies. Despite the challenges, the company focused on operational discipline and cost optimization. The order book remains healthy, and management expressed optimism about sustaining business momentum supported by a diversified pipeline and improving execution efficiencies.

Bombay Metrics Supply Chain Limited convened a Board of Directors meeting on May 15, 2026, approving the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The statutory auditor, M/s. Rajendra & Co., Chartered Accountants, issued an unmodified opinion on both sets of financial statements. The board meeting commenced at 06.55 P.M. and concluded at 07.30 P.M.

Standalone Financial Performance

On a standalone basis, the company reported a decline in financial performance for the year ended March 31, 2026, compared to the prior year. The following table summarises the key standalone financial metrics:

For the second half of FY26 (half year ended March 31, 2026), standalone revenue from operations was ₹4,518.61 lakhs and net profit was ₹63.22 lakhs, compared to ₹4,605.17 lakhs and ₹91.57 lakhs respectively in the first half (half year ended September 30, 2025). Standalone reserves excluding revaluation reserves stood at ₹827.69 lakhs as at March 31, 2026, compared to ₹673.96 lakhs as at March 31, 2025.

Consolidated Financial Performance

The consolidated results encompass Bombay Metrics Supply Chain Limited (Holding Company), Metrics Vietnam Company Limited (Wholly Owned Subsidiary), and Bombay Metrics Metals Private Limited (Subsidiary, incorporated on February 12, 2025). The consolidated financial highlights are presented below:

Profit attributable to owners of the company for the year ended March 31, 2026 was ₹165.58 lakhs, while the minority interest recorded a loss of ₹(0.22) lakhs on a consolidated basis.

Segment-Wise Performance

The company operates across two primary business segments — Engineering Tools and Related Services, and Trading of Metals (Aluminium/Copper) — as identified under AS 17 "Segment Reporting." On a consolidated basis for the year ended March 31, 2026:

Geographically, consolidated revenue from outside India for the year ended March 31, 2026 was ₹7,376.28 lakhs, while domestic revenue stood at ₹1,886.92 lakhs.

Dividend, Warrants, and ESOP

The board recommended a final dividend of Re. 0.10 per equity share (1% on face value of ₹10 each) for FY2025-26, subject to shareholder approval at the ensuing Annual General Meeting. During the half year ended March 31, 2026, the company had also declared and paid a dividend of ₹0.20 per equity share for FY2024-25, aggregating to ₹24.62 lakhs, as approved at the AGM held on September 25, 2025.

During the half year, the company allotted 4,68,000 Convertible Equity Share Warrants on a preferential basis to the "Promoter & Promoter Group" at a price of ₹47.25 per warrant. The company received ₹55,28,250 representing 25% of the issue price, of which ₹53,11,520 was utilised up to March 31, 2026, with the balance of ₹2,16,730 parked in a separate bank account. Each warrant entitles the holder to apply for one fully paid-up equity share of face value ₹10 upon payment of the balance ₹35.4375 per warrant within 18 months from the date of allotment. Under the company's ESOP plan, 355,395 (net) options were granted to eligible employees, exercisable after the vesting period at ₹15 per option.

Corporate Governance Appointments

The board approved the following auditor appointments for FY2026-27:

M/s. Baker Tilly ASA India LLP is described as a full-services firm with over 34 years of experience servicing SMEs and Fortune 500 companies. M/s. Shiv Hari Jalan & Co. has over thirty-nine years of experience in compliance audit, legal due diligence, secretarial audit, and related services. The audited financial results and the outcome of the board meeting are available on the company's website at www.bombaymetrics.com and on the NSE website at www.nseindia.com .