Bikewo Green Tech Reports ₹44.4 Crore H1 FY27 Revenue

Bikewo Green Tech Limited reported revenue of ₹44.4 crore and net profit of ₹5.0 crore for the half year ended September 30, 2026, while its board also allotted 37.77 lakh equity shares at ₹31 each following warrant conversion. The results showed an operating margin of 19.2%.

What did Bikewo Green Tech report for H1 FY27?

Bikewo Green Tech reported consolidated sales of ₹44.45 crore for the half year ended September 2026, compared with ₹37.46 crore in the half year ended March 2026. Operating profit rose to ₹8.48 crore from ₹4.01 crore over the same comparison, while net profit increased to ₹5.01 crore from ₹3.27 crore.

The company's operating profit margin improved to 19.08% from 10.70%. Profit before tax stood at ₹6.70 crore, while interest costs were ₹0.62 crore and depreciation was ₹1.22 crore. The reported tax rate was 25.37%, resulting in net profit of ₹5.01 crore. Earnings per share were ₹3.73, against ₹2.51 in the preceding half year.

The company separately presented its H1 FY27 figures as revenue of ₹44.4 crore, operating profit of ₹8.5 crore, and net profit of ₹5.0 crore. On that presentation, revenue was 18.7% higher than the previous half year, operating profit was up 112.9%, and net profit rose 53.1%.

Why did the board allot shares on October 31, 2026?

Bikewo Green Tech allotted 37,77,132 equity shares on October 31, 2026 after conversion of an equivalent number of warrants. Each share has a face value of ₹10 and was issued at ₹31 per share, including a premium of ₹21 per share.

The total value of the warrant conversion was ₹11.71 crore. The company said it received the remaining 75% of the warrant application balance before the allotment, representing ₹8.78 crore in fresh proceeds. Promoter Satyapoorna Chander Yalamanchili received 20,59,000 shares, while 17,18,132 shares were allotted to 15 non-promoter investors.

This follows an earlier approved issue of 4,52,600 equity shares and 2,42,35,400 warrants at ₹31 per unit. The company had said that transaction brought an immediate cash infusion of ₹20.18 crore, comprising ₹1.40 crore for the shares and ₹18.78 crore as the 25% upfront payment for the warrants.

How has Bikewo Green Tech's financial performance changed?

Bikewo Green Tech's annual revenue from operations increased to ₹54.49 crore in FY26 from ₹23.52 crore in FY25, according to the financial data provided. That represented year-on-year growth of 131.68%, following a 5.88% decline in FY25.

Annual operating profit was ₹5.63 crore in FY26, compared with ₹1.52 crore in FY25. The latest trailing twelve-month figures show sales of ₹81.91 crore, expenses of ₹69.42 crore and operating profit of ₹12.49 crore. These figures place the September 2026 half-year performance within a period of rising reported sales and operating profitability.

For the half year ended March 2026, the company had reported sales of ₹37.46 crore and operating profit of ₹4.01 crore. The September 2026 half-year result added ₹44.45 crore of sales and ₹8.48 crore of operating profit, indicating that the operating margin expanded during the latest reported period.

What does the update mean for Bikewo Green Tech investors?

The update gives investors two material data points: stronger reported half-year profitability and an increase in outstanding equity shares through warrant conversion. The new allotment was priced at ₹31 per share, whereas BIKEWO was quoted at ₹123.90 as of 11:19 IST on November 2, 2026 in the information provided.

The share allotment raises capital for the company but also expands the equity base. Investors assessing per-share performance will need to consider the additional 37.77 lakh shares alongside the reported H1 FY27 EPS of ₹3.73. The promoter received 20.59 lakh of these shares, while the balance went to non-promoter investors.

Bikewo Green Tech operates as an electric two-wheeler retailer and tour operator, providing EV-related services through stores, dealer outlets, service centres, an app and charging points. Its reported results are therefore relevant to investors tracking sales growth, operating costs, financing needs and the scale-up of its retail and mobility operations.

What are the key dates and disclosures to track?

The board meeting on October 31, 2026 approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2026, as well as the warrant-conversion allotment. The board-meeting intimation had stated that the meeting would consider financial results for the period ended September 30.

Earlier corporate actions included an extraordinary general meeting held on July 22, 2026 and the declaration of Q4 FY26 results on May 27, 2026. The company reported FY26 annual revenue from operations of ₹54.49 crore. The supplied information does not state a dividend declaration for the latest period.

Investors may also distinguish between standalone and consolidated disclosures where figures are provided. The H1 FY27 summary and half-year table presented in the available information are consolidated, while the cited Q4 FY26 profit disclosure was described as standalone.

Conclusion

Bikewo Green Tech's latest board outcome combined improved H1 FY27 financial performance with a warrant conversion that allotted 37.77 lakh shares at ₹31 each. Consolidated revenue reached ₹44.45 crore, net profit was ₹5.01 crore and operating margin was 19.08%, while the conversion brought ₹8.78 crore in fresh proceeds from the remaining application balance.

The next points to watch are subsequent financial disclosures, the effect of the enlarged equity base on per-share metrics, and any further conversion of the previously approved 2,42,35,400 warrants. The available announcement does not provide financial guidance or a dividend proposal for the latest period.