Bhansali Engg. Q1 FY27 Results (NSE: BEPL)
Signal: Growth reaccelerated
The read
Q1 FY27 revenue surged 50.9% YoY to ₹481.9 Cr, driven by higher realizations, and PAT grew 42.9% to ₹65.6 Cr, but EBITDA margin contracted 86bps to 19.2%. The company is debt-free and funding a ₹200 Cr capacity expansion to 100,000 MTPA via internal accruals, with commissioning targeted for September 2026.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹481.9 Cr | +50.9% | N/A |
| EBIT | ₹0 Cr | N/A | |
| Net profit | ₹65.6 Cr | +42.9% | |
| EPS | ₹0 | N/A | |
| EBIT margin | 19.2% |
P&L walk
Q1 FY27 saw a sharp revenue inflection (+50.9% YoY) driven by higher realizations, but EBITDA margin slipped 86bps to 19.2% despite absolute profit growth; the company remains debt-free and is investing ₹200 Cr in capacity expansion.
Key positives
- Revenue grew 50.9% YoY to ₹481.9 Cr, driven by higher realizations.
- PAT grew 42.9% YoY to ₹65.6 Cr.
- Debt-free balance sheet with strong cash position; ₹200 Cr capex fully funded through internal accruals.
- First interim dividend of ₹24.9 Cr declared.
- Capacity expansion to 100,000 MTPA on track for September 2026 commissioning.
Key concerns
- EBITDA margin contracted 86bps YoY to 19.2%, despite absolute EBITDA growth.
- PAT margin also contracted 76bps to 13.6%.
- No volume data disclosed; revenue growth solely attributed to realizations.
Research and educational content only. Not investment advice.