BMW Industries Q4 Results: Revenue Up, Profits and Margins Dip
BMW Industries Ltd. released Q4 financial results showing a 14.60% increase in revenue to ₹1.57 billion, but faced profitability challenges. EBITDA decreased to ₹334 million from ₹390 million, with EBITDA margin declining to 21.24% from 28.40%. Consolidated net profit slightly decreased to ₹176 million from ₹190 million year-over-year. The company's performance indicates successful top-line growth but difficulties in maintaining profit margins, possibly due to increased operational costs or market pressures.
BMW Industries Inks MoU with Ministry of Steel for PLI Scheme in Specialty Steel
BMW Industries Limited (BMWIL) signed an MoU with the Ministry of Steel on March 24, 2025, under the PLI 1.1 scheme for Specialty Steel. The company will manufacture coated/plated steel products and Al-Zn coated (Galvalume) products at its upcoming Greenfield Downstream Steel Complex in Bokaro, Jharkhand. This aligns with BMWIL's previously announced capex plans and is expected to strengthen its position in the specialty steel market while contributing to India's 'Make in India' and 'Atmanirbhar Bharat' initiatives.
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.