BMW Industries Q2 Results: Net profit rise 43% YoY to Rs 21.62 crore

What happened: BMW Industries Ltd reported a 42.7 percent rise in net profit for the quarter ending September 30, and its new greenfield downstream steel complex in Bokaro commenced operations. Key numbers: Net profit Rs 21.62 crore, up 42.7 percent YoY. Total income up 33 percent. EBITDA up 25 percent. Why it matters: The company attributed the results to resilience and growth, and said future plans focus on optimizing capacity utilization across these facilities.

BMW Industries Ltd reported a 42.7 percent rise in net profit for the quarter ending September 30, and its new greenfield downstream steel complex in Bokaro commenced operations.

The company attributed the results to resilience and growth, and said future plans focus on optimizing capacity utilization across these facilities.