BMW Industries Q1 Revenue Dips 14.4% YoY Amid Customer Shutdowns; Bokaro Expansion on Track 3 days ago
BMW Industries Limited experienced a 14.4% year-on-year revenue decline to Rs 148.70 crores in Q1, attributed to temporary customer shutdowns. Despite this, the company maintained a 21.2% operating EBITDA margin and reported a profit after tax of Rs 15.20 crores. The company commissioned new tube mills, installed solar capacity, and increased tube manufacturing capacity. The Bokaro Greenfield expansion is on schedule, with revenue generation expected from Q4. Management provided optimistic medium-term guidance, projecting significant growth in revenue, EBITDA, and PAT over the next three fiscal years. BMW Industries secured major contracts from Tata Steel and reported an increase in net debt to Rs 160.00 crores.
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BMW Industries Inks MoU with Ministry of Steel for PLI Scheme in Specialty Steel Mar 25, 2025
More news about BMW Industries
24Mar 25
BMW Industries Signs MoU with Ministry of Steel for PLI Scheme in Specialty Steel
BMW Industries Limited (BMWIL) signed an MoU with the Ministry of Steel under the PLI 1.1 scheme for Specialty Steel on March 24, 2025. The company will manufacture Coated/Plated Steel Products and Al-Zn Coated products at its new Bokaro plant. This aligns with BMWIL's capex plans and supports government initiatives. The company also rescheduled its virtual Analyst/Investor meeting to March 26, 2025.