Bombay Metrics FY26 Net Profit Falls; Dividend Re. 0.10 Recommended
Bombay Metrics Supply Chain Limited's Board approved audited financial results for FY26, reporting a consolidated net profit of ₹165.36 lakhs, down from ₹450.01 lakhs in the previous year. The company recommended a final dividend of Re. 0.10 per share and appointed M/s. Baker Tilly ASA India LLP as internal auditor and Mr. Shiv Hari Jalan as secretarial auditor.

*this image is generated using AI for illustrative purposes only.
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:
| Metric: | Year Ended 31st March 2026 (Audited) | Year Ended 31st March 2025 (Audited) |
|---|---|---|
| Revenue from Operations: | ₹9,123.77 lakhs | ₹9,972.71 lakhs |
| Other Income: | ₹109.29 lakhs | ₹124.99 lakhs |
| Total Income: | ₹9,233.07 lakhs | — |
| Total Expenses: | ₹9,016.90 lakhs | — |
| Profit Before Tax: | ₹216.17 lakhs | ₹503.30 lakhs |
| Total Tax Expense: | ₹61.38 lakhs | ₹157.63 lakhs |
| Net Profit: | ₹154.79 lakhs | ₹345.67 lakhs |
| Basic EPS (₹): | ₹1.26 | ₹2.29 |
| Diluted EPS (₹): | ₹1.23 | ₹2.29 |
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:
| Metric: | Year Ended 31st March 2026 (Audited) | Year Ended 31st March 2025 (Audited) |
|---|---|---|
| Revenue from Operations: | ₹9,263.19 lakhs | ₹10,147.48 lakhs |
| Other Income: | ₹109.23 lakhs | ₹124.99 lakhs |
| Total Income: | ₹9,372.42 lakhs | ₹10,272.46 lakhs |
| Total Expenses: | ₹9,146.08 lakhs | ₹9,664.83 lakhs |
| Profit Before Tax: | ₹226.35 lakhs | ₹607.63 lakhs |
| Total Tax Expense: | ₹60.98 lakhs | ₹157.63 lakhs |
| Net Profit: | ₹165.36 lakhs | ₹450.01 lakhs |
| Basic EPS (₹): | ₹1.34 | ₹3.66 |
| Diluted EPS (₹): | ₹1.32 | ₹3.66 |
| Paid-up Equity Share Capital: | ₹1,231.39 lakhs | ₹1,231.39 lakhs |
| Reserves and Surplus: | ₹852.04 lakhs | ₹687.54 lakhs |
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:
| Segment: | Revenue (₹ lakhs) | Expenses (₹ lakhs) | Results (₹ lakhs) |
|---|---|---|---|
| Engineering Tools and Related Services: | 6,548.37 | 5,526.10 | 1,022.27 |
| Trading of Metals (Aluminium/Copper): | 1,886.92 | 1,831.18 | 55.74 |
| Others: | 827.91 | 587.80 | 240.11 |
| Total: | 9,263.19 | 7,945.08 | 1,318.11 |
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:
| Parameter: | Details |
|---|---|
| Internal Auditor Appointed: | M/s. Baker Tilly ASA India LLP, Chartered Accountants |
| Effective Date: | May 15, 2026 |
| Secretarial Auditor Re-appointed: | Mr. Shiv Hari Jalan, Proprietor, M/s. Shiv Hari Jalan & Co. (C.P. No. 4226) |
| Term of Secretarial Auditor: | April 1, 2026 to March 31, 2027 |
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 .
Given the ~55% decline in net profit for FY26, what strategic initiatives is Bombay Metrics Supply Chain planning to reverse the revenue and margin compression in FY27?
How might the conversion of 4,68,000 promoter warrants into equity shares over the next 18 months impact the company's earnings per share and minority shareholder value?
With nearly 80% of consolidated revenue derived from international markets, how is the company positioning itself to mitigate currency risk and geopolitical disruptions, particularly through its Vietnam subsidiary?
























