BMW Ventures' September-quarter revenue rises 46%, profit 48%

BMW Ventures Limited reported revenue from operations of Rs 731.2628 crore and profit for the period of Rs 10.5368 crore for the quarter ended September 30, 2026, up 46% and 48%, respectively, from a year earlier. Revenue also increased from the June 2026 quarter, while profit remained broadly unchanged sequentially.

How did BMW Ventures perform in the September 2026 quarter?

BMW Ventures recorded revenue from operations of Rs 731.2628 crore in the quarter ended September 30, 2026, compared with Rs 501.8528 crore in the September 2025 quarter and Rs 608.8964 crore in the June 2026 quarter. The year-on-year rise was 46%, while revenue was 20.1% higher than the preceding quarter. Total income, including other income of Rs 0.4295 crore, was Rs 731.6923 crore.

Profit before tax increased to Rs 14.96 crore from Rs 9.9635 crore a year earlier, and profit for the period rose to Rs 10.5368 crore from Rs 7.1139 crore. BMW Ventures reported no exceptional items in the September 2026, June 2026 or September 2025 quarters. Basic and diluted earnings per share were Rs 1.22, compared with Rs 0.82 in the year-earlier quarter.

Why did BMW Ventures' profit remain broadly flat sequentially?

BMW Ventures' profit for the period was Rs 10.5368 crore in the September 2026 quarter, marginally below Rs 10.5769 crore in the June 2026 quarter, even as revenue increased by Rs 122.3664 crore. Total expenses rose to Rs 716.7323 crore from Rs 595.4746 crore. Profit before tax nevertheless increased by Rs 0.8109 crore quarter on quarter to Rs 14.96 crore.

The reported change in inventories and stock-in-trade was an expense of Rs 54.5329 crore in the September quarter, compared with a negative Rs 95.7876 crore in the June quarter. Purchases of stock in trade declined to Rs 603.8826 crore from Rs 643.3159 crore, while other expenses increased to Rs 35.0705 crore from Rs 29.174 crore. Employee-benefit expense rose to Rs 7.4335 crore from Rs 6.1697 crore.

Finance costs were Rs 5.8073 crore in the September 2026 quarter, little changed from Rs 5.8548 crore in the June quarter. Depreciation and amortisation expense was Rs 1.7391 crore, against Rs 1.72 crore in the preceding quarter. The sequential figures show that higher sales were accompanied by higher reported inventory-related and operating costs, limiting the movement in profit for the period.

What were BMW Ventures' first-half results?

BMW Ventures reported revenue from operations of Rs 1,340.1592 crore for the half year ended September 30, 2026, compared with Rs 986.4437 crore in the corresponding half of 2025. The increase was 35.9% based on the reported figures. Profit before tax rose to Rs 29.1091 crore from Rs 20.4981 crore over the same comparison.

Profit for the half year increased to Rs 21.1137 crore from Rs 15.1396 crore, a 39.5% rise. Half-year basic and diluted earnings per share were Rs 2.43, compared with Rs 1.75 in the prior-year period. The half-year profit growth rate was below the 48% increase reported for the September quarter alone.

BMW Ventures aggregates its activities into one operating segment under Indian Accounting Standard 108, or Ind AS 108. The disclosed portfolio includes iron and steel trading, primarily sourced from Tata Steel Limited; John Deere India Private Limited tractor distribution in Bihar; PVC pipe manufacturing; pre-engineered buildings; railway girders; and construction-equipment rental services. The single-segment classification means the filing does not provide revenue or profit by individual business.

What changed in BMW Ventures' balance sheet and cash flow?

BMW Ventures' total assets were Rs 887.1706 crore at September 30, 2026, compared with Rs 752.0545 crore at March 31, 2026. Inventories increased to Rs 343.254 crore from Rs 297.4178 crore, and trade receivables rose to Rs 338.5573 crore from Rs 259.6655 crore. Cash and cash equivalents stood at Rs 17.7982 crore, against Rs 0.6594 crore at the financial year-end.

Current borrowings declined to Rs 230.3079 crore at September 30 from Rs 257.9436 crore at March 31, while non-current borrowings were Rs 76.7014 crore, compared with none reported at the year-end. Current liabilities rose to Rs 339.6636 crore from Rs 303.1838 crore. Trade payables to creditors other than micro and small enterprises increased to Rs 23.2061 crore from Rs 7.6122 crore.

For the half year, BMW Ventures reported net cash used in operating activities of Rs 10.7569 crore, compared with net operating cash generation of Rs 10.1699 crore in the prior-year half. The cash-flow statement recorded increases in trade receivables of Rs 78.8917 crore and inventories of Rs 45.8362 crore. Net cash from financing activities was Rs 37.3637 crore, including Rs 49.0658 crore in proceeds from borrowings.

What interim dividend has BMW Ventures declared?

BMW Ventures declared an interim dividend of Rs 1.50 per equity share of face value Rs 10 for financial year 2026-27. The declared payout is Rs 13.0073 crore on 8,67,15,000 equity shares. The board approved the financial results and dividend on November 3, 2026.

The record date is Friday, November 13, 2026, and BMW Ventures said payment will be made on or before December 2, 2026. The Rs 13.0073 crore interim dividend was not recognised as a liability at September 30 because it was declared after the reporting date, in line with Ind AS 10 on events after the reporting period. The statutory auditors issued an unmodified limited-review conclusion on the unaudited results.

Conclusion

BMW Ventures delivered year-on-year growth in the September 2026 quarter, with revenue from operations increasing 46% to Rs 731.2628 crore and profit for the period rising 48% to Rs 10.5368 crore. The comparison with June shows a different pattern: revenue rose by Rs 122.3664 crore, but profit remained near Rs 10.5 crore as expenses increased to Rs 716.7323 crore.

The next disclosed event is the November 13, 2026 record date for the Rs 1.50-per-share interim dividend, with payment due on or before December 2, 2026. Subsequent results will show whether the half-year operating cash outflow of Rs 10.7569 crore and the September 30 receivables balance of Rs 338.5573 crore change during the rest of financial year 2026-27.