BMW Ventures profit rises 48% as September revenue climbs

BMW Ventures Limited reported profit for the period of Rs 10.5368 crore for the quarter ended September 30, 2026, up 48.11% from Rs 7.1139 crore a year earlier, after revenue from operations increased 45.71% to Rs 731.2628 crore. Profit before tax rose 50.15% to Rs 14.96 crore.

How did BMW Ventures perform in the September quarter?

BMW Ventures delivered higher revenue and profit in the quarter ended September 30, 2026. Revenue from operations rose by Rs 229.41 crore from Rs 501.8528 crore in the September 2025 quarter, and it was also above the Rs 608.8964 crore reported in the June 2026 quarter.

Total income was Rs 731.6923 crore, including other income of Rs 42.95 lakh, compared with total income of Rs 503.0114 crore and other income of Rs 1.1586 crore a year earlier. The decline in other income means the expansion in total income chiefly reflected the reported increase in revenue from operations.

BMW Ventures reported basic and diluted earnings per share, or EPS, of Rs 1.22 for the September 2026 quarter, compared with Rs 0.82 in the year-earlier quarter. EPS matched the June 2026 quarter, although profit for the period was marginally below the preceding quarter's Rs 10.5769 crore.

What changed in BMW Ventures' quarterly costs and profit?

BMW Ventures' total expenses rose 45.37% to Rs 716.7323 crore in the September 2026 quarter from Rs 493.0479 crore a year earlier. Since total income increased 45.46%, profit before tax rose to Rs 14.96 crore from Rs 9.9635 crore despite the larger cost base.

Purchase of stock in trade remained the largest reported expense at Rs 603.8826 crore, up from Rs 498.877 crore in the September 2025 quarter. Cost of material consumed increased to Rs 8.2263 crore from Rs 3.3916 crore, while employee benefit expense rose to Rs 7.4335 crore from Rs 5.1305 crore.

Changes in inventories and stock in trade were an expense of Rs 54.5329 crore in the September 2026 quarter, against a negative Rs 52.528 crore in the comparable quarter. The same line was negative Rs 95.7876 crore in the June 2026 quarter, showing a different reported inventory movement across the two 2026 quarters.

Finance costs declined to Rs 5.8473 crore from Rs 9.6114 crore a year earlier. Other expenses increased to Rs 35.0705 crore from Rs 27.0186 crore and depreciation and amortisation rose to Rs 1.7391 crore from Rs 1.547 crore; tax expense increased to Rs 4.4232 crore from Rs 2.8496 crore.

What were BMW Ventures' first-half results?

BMW Ventures reported first-half revenue from operations of Rs 1,340.1592 crore for the six months ended September 30, 2026, up from Rs 986.4437 crore in the corresponding 2025 period. Profit for the period increased to Rs 21.1137 crore from Rs 15.1396 crore, while profit before tax rose to Rs 29.1091 crore from Rs 20.4981 crore.

First-half total expenses were Rs 1,312.2069 crore, compared with Rs 967.7164 crore in the previous-year half. Purchases of stock in trade rose to Rs 1,247.1986 crore from Rs 899.8235 crore, and employee benefit expense increased to Rs 13.6033 crore from Rs 8.8295 crore.

Finance costs for the six months declined to Rs 11.702 crore from Rs 17.4173 crore. Changes in inventories and stock in trade were negative Rs 41.2547 crore, compared with negative Rs 27.673 crore in the previous-year half, while other expenses increased to Rs 64.2446 crore from Rs 56.289 crore.

BMW Ventures reported total comprehensive income of Rs 21.0878 crore in the half year, against Rs 15.5132 crore a year earlier. Other comprehensive income was negative Rs 25.9 lakh in the 2026 half year, compared with positive Rs 37.36 lakh in the 2025 half year.

How did BMW Ventures' working capital and cash flow move?

BMW Ventures ended September 30, 2026 with inventories of Rs 343.254 crore, up from Rs 297.4178 crore at March 31, 2026, while trade receivables rose to Rs 338.5573 crore from Rs 259.6655 crore. These two current-asset balances increased during the six months in which revenue from operations was Rs 1,340.1592 crore.

Net cash flow from operating activities was an outflow of Rs 10.7569 crore for the half year ended September 30, 2026, compared with an inflow of Rs 10.1699 crore in the corresponding 2025 period. Operating profit before working-capital changes was Rs 45.4178 crore, but the cash-flow statement recorded increases in inventories of Rs 45.8362 crore and trade receivables of Rs 78.8917 crore.

Net cash used in investing activities was Rs 9.468 crore, compared with Rs 9.3853 crore in the prior-year half. BMW Ventures spent Rs 9.0065 crore on property, plant and equipment and made capital advances for property, plant and equipment of Rs 3.7194 crore during the 2026 half year.

Financing activities generated Rs 37.3637 crore of cash, including Rs 49.0658 crore in proceeds from borrowings and finance costs of Rs 11.702 crore. Cash and cash equivalents consequently stood at Rs 17.7982 crore on September 30, 2026, compared with Rs 65.94 lakh on April 1, 2026.

What did BMW Ventures disclose on its balance sheet and dividend?

BMW Ventures reported total assets of Rs 887.1706 crore at September 30, 2026, compared with Rs 752.0545 crore at March 31, 2026. Total equity rose to Rs 462.9343 crore from Rs 441.8465 crore, while total current liabilities increased to Rs 339.6636 crore from Rs 303.1838 crore.

Current borrowings were Rs 230.3079 crore at September 30, down from Rs 257.9436 crore at the March year end. The September balance sheet also reported non-current borrowings of Rs 76.7014 crore, as well as other current liabilities of Rs 65.4383 crore, up from Rs 30.771 crore at March 31.

The board declared an interim dividend of Rs 1.50 per equity share of face value Rs 10 for financial year 2026-27 on November 3, 2026. BMW Ventures disclosed a total payout of Rs 13.0073 crore on 8,67,15,000 equity shares and said the dividend had not been recognised as a liability at September 30, 2026 under Indian Accounting Standard 10.

BMW Ventures operates as a dealer and service contractor for John Deere India Private Limited in Bihar, manufactures PVC pipes, pre-engineered buildings and railway girders, and provides construction-equipment rental services. The company aggregated these activities into one operating segment under Indian Accounting Standard 108, so it did not provide separate segment figures.

Conclusion

BMW Ventures converted a 45.71% increase in September-quarter revenue into a 48.11% rise in profit for the period, with finance costs falling to Rs 5.8473 crore from Rs 9.6114 crore. The first-half cash-flow statement also shows that inventory and receivables increased by Rs 45.8362 crore and Rs 78.8917 crore respectively, resulting in an operating cash outflow of Rs 10.7569 crore.

The next disclosed shareholder event is the November 13, 2026 record date for the Rs 1.50-per-share interim dividend. BMW Ventures said the payment would be made on or before December 2, 2026; subsequent results will indicate how the September 2026 inventory and receivables balances develop alongside revenue and operating cash flow.