BSL posts strong Q2 FY26 results: Revenue ₹184 Cr (+16.7% QoQ), EBITDA ₹13.7 Cr (+8.9% QoQ), PAT up 3.7x to ₹1.7 Cr
BSL reported Q2 FY26 revenue of ₹184.3 crore, up 16.7% QoQ. PAT rose 3.7x to ₹1.7 crore, driven by operational efficiencies. Management is positive on future profitability.
The results show strong sequential growth, which is positive, but the YoY growth in revenue is modest (3.5%) and EBITDA and PAT saw YoY contractions. The absolute PAT value is also relatively small, suggesting a moderate rather than high impact on the stock.
BSL demonstrated robust sequential growth in revenue (16.7%), EBITDA (8.9%), and a significant increase in PAT (3.7x) in Q2 FY26. The management also conveyed a positive outlook, anticipating a rebound in profitability.
BSL Limited has announced its Unaudited Financial Results for Q2 & H1 FY26, which concluded on 30th September 2025. * Q2 FY26 Financial Highlights: * Revenue: The company reported a strong revenue of ₹184.3 crore, marking a robust 16.7% sequential (QoQ) growth and a 3.5% Year-on-Year (YoY) increase. * EBITDA: Reached ₹13.7 crore, an 8.9% QoQ increase, with EBITDA margins at 7.5% for the quarter. * PAT: Stood at ₹1.7 crore, experiencing a substantial 3.7x QoQ rise, attributed to improved operational efficiencies and focused cost management. * H1 FY26 Financial Highlights: * Revenue: Totaled ₹342.4 crore, maintaining stability compared to H1 FY25. * EBITDA: Summed up to ₹26.4 crore, with an EBITDA margin of 7.7%, a contraction of 151 basis points from the previous year. * PAT: Was ₹2.2 crore, with a margin of 0.6%. * Q2 FY26 Segmental Revenue Distribution: * Fabric: ₹65 crore (36%) * Furnishing: ₹21 crore (11%) * Yarn: ₹89 crore (48%) * Others: ₹9 crore (5%) * Management Commentary: Mr. Nivedan Churiwal, Managing Director of BSL Limited, commented on the consistent progress, highlighting the strong performance driven by robust market demand and higher production volumes. He noted that EBITDA moderated YoY due to temporary input cost pressures and price adjustments, but the margin remained healthy. Looking ahead, the company maintains a positive outlook, anticipating a gradual rebound in profitability supported by stable raw material costs (softer cotton prices), improved capacity utilization, and ongoing cost-control initiatives. The focus remains on operational excellence, innovation, and customer-centric strategies for sustainable growth.
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BSL 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 BSL Limited. Read the original for the full detail.