BEPL FY26: Revenue Drops 8.7% to ₹1,276 Cr, EBITDA Up 1.3% to ₹255.2 Cr
Bhansali Engineering Polymers Limited (BEPL) reported FY26 revenue of ₹1,276 crores (down 8.7% YoY) and EBITDA of ₹255.2 crores (up 1.3% YoY). PAT was ₹180.2 crores. The company is expanding capacity to 100,000 MTPA by September 2026 with a ₹200 crore capex funded internally.
The revenue decline for FY26 indicates a short-term negative impact. However, the significant capacity expansion and continued profitability suggest a medium-term positive impact on the company's growth prospects.
The company reported a decline in revenue but an increase in EBITDA and PAT, indicating a mixed financial performance. The capacity expansion plans suggest a positive future outlook, but the revenue drop warrants a neutral sentiment.
Bhansali Engineering Polymers Limited (BEPL) has released its Investor Presentation for FY26, detailing its performance and strategic outlook.
For the fiscal year ended March 31, 2026, BEPL reported a revenue from operations of ₹1,276.0 crores, marking a decrease of 8.7% year-on-year. However, the company demonstrated improved profitability with an EBITDA of ₹255.2 crores, an increase of 1.3% year-on-year, and a corresponding EBITDA margin of 20.0%. Profit After Tax (PAT) stood at ₹180.2 crores, showing a marginal increase of 0.1% year-on-year, with a PAT margin of 14.1%.
In the fourth quarter of FY26, revenue was ₹341.6 crores, down 1.0% YoY. EBITDA for the quarter surged by 33.1% YoY to ₹74.3 crores, with margins at 21.8%. PAT also saw a significant increase of 30.6% YoY to ₹51.6 crores, with margins at 15.1%.
Looking ahead, BEPL is undertaking a significant capacity expansion, increasing its capacity from 75,000 MTPA to 100,000 MTPA, with commissioning targeted by September 2026. This expansion is backed by a capital expenditure of ₹200 crores, which is fully funded through internal accruals, highlighting the company's strong balance sheet and financial discipline. The company expects optimal utilization of this expanded capacity by the end of FY28.
BEPL, a pioneer in ABS manufacturing in India since 1984, operates two manufacturing facilities and has a strategic joint venture with Nippon A&L Inc., Japan. The company's diversified portfolio caters to sectors such as automobiles, consumer durables, electronics, and healthcare. Its product offerings include ABS, ASA, PC-ABS, SAN, and HRG, with a strong focus on innovation, sustainability, and customer-centric solutions.
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Bhansali Engineering Polymers Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bhansali Engineering Polymers Limited. Read the original for the full detail.