BMW Ventures Reports Strong Q3 FY26 Performance Driven by Deleveraging and Fabricated Steel Growth
BMW Ventures Limited, a leading steel distributor and manufacturer of fabricated steel products in Eastern India, has announced its financial results for the third quarter of fiscal year 2026, showcasing a significant improvement in profitability. The company, listed on the BSE and NSE, highlighted that the sharp rise in earnings was primarily fueled by a reduction in interest costs following deleveraging efforts using IPO proceeds, coupled with robust growth in its fabricated steel products business. Additionally, the board declared an interim dividend of Rs. 1.50 per equity share for the financial year 2025-26.
Key Financial Highlights for Q3 FY26
The financial performance for the quarter ended December 2025 demonstrated strong momentum across key metrics:
- Revenue: Stood at ₹563.2 crore, marking a 16.1% year-over-year growth and a 12.2% quarter-over-quarter increase, driven by steady market demand and an expanded scale in fabricated steel products.
- EBITDA: Reached ₹21.8 crore, reflecting an 8.45% YoY growth and 9.3% QoQ growth, supported by resilient operational performance, an improved product mix, and efficient inventory management despite elevated steel prices.
- Profit After Tax (PAT): Surged to ₹11.5 crore, representing a sharp 44.7% YoY increase and a 61.6% QoQ growth, largely attributable to reduced finance costs from deleveraging initiatives.
Deleveraging and Operational Resilience Fuel Earnings Growth
The notable enhancement in profitability was significantly driven by a meaningful reduction in interest expenses, achieved through the strategic utilization of IPO proceeds for debt repayment. This deleveraging has materially strengthened the company's balance sheet and improved earnings quality, allowing operating profits to translate more effectively into net earnings. Concurrently, BMW Ventures maintained operational resilience amid steel price volatility by leveraging a growing share of fabricated steel products, a better product mix, strong distribution reach across Eastern India, and efficient working capital management.
Management Perspective on Q3 Performance
Mr. Nitin Kishorepuria, Managing Director of BMW Ventures, commented on the quarter's results, stating, "We are pleased to share another quarter of strong performance, with our net profit rising by 44.7% YoY, reflecting our operational discipline, efficient supply chain management, and strong dealer engagement across Eastern India. Despite high volatility in steel prices, our diversified portfolio and long-standing partnerships have allowed us to exceed our earlier guidance of 25-30% growth. The key highlight is our deleveraging efforts, which led to a sharp rise in profitability, paving the way for more sustainable growth and a strengthened balance sheet."
He further emphasized the company's strategic focus on expanding its footprint, leveraging its robust distribution network, and scaling high-potential manufacturing segments such as pre-engineered buildings (PEBs) and steel girders at its RDSO-approved facility. These initiatives are aimed at diversifying the revenue mix and capitalizing on opportunities from East India's rapid infrastructure expansion.
Future Outlook and Growth Guidance
Looking ahead, BMW Ventures anticipates robust growth for the remainder of FY26, driven by continued momentum in fabricated steel product segments, particularly Pre-Engineered Buildings and Railway Steel Girders, along with the execution of ongoing deleveraging initiatives. The company has revised its FY26 bottom-line growth guidance upward to 30-35%, from the earlier range of 25-30%, supported by improving margins and sustained top-line momentum. With a strengthened balance sheet, reduced leverage, and a focus on higher-margin fabricated steel products, BMW Ventures is well-positioned to deliver sustainable earnings growth. Management remains committed to disciplined capital allocation, margin stability, and expanding its presence in infrastructure and construction-linked demand segments.
About BMW Ventures Limited
BMW Ventures Limited, headquartered in Patna, Bihar, boasts over three decades of operational experience as one of Eastern India's largest steel distributors and manufacturers of fabricated steel products, including pre-engineered buildings and RDSO-approved steel girders. The company operates six stockyards and serves 29 districts across Eastern India through a network of 1,299 dealers. Its modern fabrication and manufacturing units have a combined installed capacity of over 27,800 metric tons per annum, enabling efficient service to diverse industrial, construction, and infrastructure clients.
