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BSL Limited Q2 FY26 results deck summary

NSE: BSL · BSE: 514045

Results deck of 12 Nov 2025, summarised by AI from the filing.

Q2 FY26 revenue ₹184.37 cr, up 16.4% QoQ and 3.5% YoY; PAT ₹1.72 cr, up 3.7x QoQ.

Key takeaways

Profitability outlook Management anticipates a gradual rebound in profitability, supported by stable raw material costs, improved capacity utilization and cost control.
Growth drivers India-UK FTA and policy support are expected to enhance export competitiveness and open premium markets.
Margin pressure EBITDA margin fell to 7.5% in Q2 FY26 from 8.8% in Q2 FY25 due to input cost pressures and price adjustments.

BSL Limited Q1 FY27 results

As filed: Revenue ₹170 cr (+7% year on year), EBITDA ₹14.3 cr (+10% year on year), PAT ₹1.7 cr, EBITDA margin 8.4% (+20 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

Q4 FY26: Revenue ₹148 cr (−5% year on year), EBITDA ₹10.1 cr (−16% year on year), PAT −₹1.0 cr, EBITDA margin 6.8% (−88 bps). Score 15 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 88 bps year on year. Revenue fell 11% from last quarter. Share price after the results: +2.4% in 30 days (Nifty 500: +3.0%).
Q3 FY26: Revenue ₹167 cr (−2% year on year), EBITDA ₹13.1 cr (−18% year on year), PAT ₹1.2 cr (−61% year on year), EBITDA margin 7.9% (−155 bps). Score 29 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 155 bps year on year. Revenue fell 9% from last quarter. Share price after the results: −10.3% in 30 days (Nifty 500: −6.9%).
Q2 FY26: Revenue ₹184 cr (+3% year on year), EBITDA ₹14.0 cr (−13% year on year), PAT ₹2.0 cr (−33% year on year), EBITDA margin 7.6% (−138 bps). Score 33 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 138 bps year on year. Tax rate 0%. Share price after the results: −18.4% in 30 days (Nifty 500: −0.5%).
Q1 FY26: Revenue ₹158 cr (−4% year on year), EBITDA ₹13.0 cr (−7% year on year), PAT ₹0.0 cr (−100% year on year), EBITDA margin 8.2% (−31 bps). Score 20 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well below it. EBITDA margin fell 31 bps year on year. Tax rate 0%. Share price after the results: +16.9% in 30 days (Nifty 500: +2.1%).
Q4 FY25: Revenue ₹156 cr (0% year on year), EBITDA ₹12.0 cr (−25% year on year), PAT ₹0.0 cr (−100% year on year), EBITDA margin 7.7% (−256 bps). Score 19 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 256 bps year on year. Revenue fell 8% from last quarter. Share price after the results: −22.4% in 29 days (Nifty 500: +2.0%).
Q3 FY25: Revenue ₹170 cr (−1% year on year), EBITDA ₹16.0 cr (−6% year on year), PAT ₹3.0 cr (−25% year on year), EBITDA margin 9.4% (−53 bps). Score 33 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well below it. EBITDA margin fell 53 bps year on year. Revenue fell 4% from last quarter.
Q2 FY25: Revenue ₹178 cr (−1% year on year), EBITDA ₹16.0 cr (−6% year on year), PAT ₹3.0 cr (0% year on year), EBITDA margin 9.0% (−51 bps). Score 28 of 100, Below trend. EBITDA margin fell 51 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

BSL Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.