Bhansali Engineering Polymers Limited Earnings Summary — Q4 FY2026
Bhansali Engineering Polymers Reports Robust Q4 PAT Growth Amid Ongoing Capacity Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹472 Cr is 53.3% higher year-on-year.
- Revenue has compounded at 18.7% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹66 Cr is 43.0% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 24.0% annualised across the period.
- Operating margin stands at 17.5% in Q1 FY2027.
- Operating margin expanded by 42 bps year-on-year.
- Over the last two years operating margin has contracted by 62 bps.
- PBT margin is 19.2%.
- Expense growth of 52.6% remained below revenue growth of 53.3%.
- Operating profit of ₹83 Cr is 57.2% higher year-on-year.
- Operating leverage continues to improve.
- 2 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 74/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Accelerating | 472 | 342 | 301 | 325 | 308 | 345 | 346 | 367 | 340 | 321 |
| Expenses | Accelerating | 390 | 278 | 251 | 276 | 255 | 297 | 294 | 314 | 278 | 270 |
| Operating Profit | Accelerating | 83 | 64 | 51 | 49 | 53 | 48 | 52 | 53 | 62 | 51 |
| Operating Margin | Stable | 17.5% | 18.7% | 16.8% | 15.1% | 17.1% | 14.0% | 15.0% | 14.4% | 18.1% | 15.9% |
| Other Income | Improving | 10 | 10 | 10 | 8 | 12 | 8 | 7 | 11 | 12 | 8 |
| Interest | Accelerating | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | Stable | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit Before Tax | Accelerating | 91 | 72 | 58 | 55 | 62 | 54 | 57 | 62 | 71 | 57 |
| Tax | Accelerating | 25 | 21 | 16 | 14 | 16 | 14 | 16 | 16 | 18 | 16 |
| Net Profit | Accelerating | 66 | 52 | 42 | 40 | 46 | 40 | 41 | 46 | 53 | 40 |
| Net Margin | Stable | 13.9% | 15.1% | 14.0% | 12.4% | 14.9% | 11.4% | 11.8% | 12.6% | 15.7% | 12.6% |
Key Takeaways
- Net Profit surged 31.8% YoY to ₹5,167.45 lakhs for Q4, driven by improved operational efficiencies and lower relative material costs.
- The Board recommended a Final Dividend of ₹1 per share, bringing the total dividend for FY26 to ₹4 per share (400% of face value).
- Capacity expansion at Abu Road from 75,000 TPA to 100,000 TPA is on schedule, with commissioning expected by end of September 2026.
- Quarterly revenue remained essentially flat YoY at ₹34,161 lakhs, though it showed a healthy 13.3% sequential recovery from Q3.
- The company maintains a pristine, debt-free balance sheet with cash and cash equivalents rising to ₹38,680 lakhs.
- Inventory levels saw a significant increase ending the year at ₹18,391 lakhs compared to ₹11,187 lakhs in the prior year.
- The company re-appointed Mr. Dilip Krushnarao Shendre as Whole-Time Director for a 3-year term starting April 2027.
Management Guidance
Management confirmed that orders for critical long-delivery equipment for the capacity expansion project have been placed, and the project remains on track for a September 2026 completion.
Sentiment Shift
Improving
While revenue growth has been sideways, the significant expansion in margins and clear timeline for capacity increases signal a positive shift in earnings potential.
Outlook
The outlook is bolstered by the upcoming 33% capacity increase in ABS production, which is intended to address the long-term stagnation in top-line growth. The company remains highly sensitive to Styrene and Butadiene price cycles.
From the Annual Report (Key Quotes)
“The implementation of capacity expansion from existing 75,000 TPA to 1,00,000 TPA is on schedule... the commissioning of enhanced capacity is expected to be completed by end September, 2026.”
“The total Dividend declared during FY 2025-26 amounts to ₹ 4/- each (400%) per Equity Share.”
“Figures for the quarter ended 31st March, 2026... are the balancing figures between the audited figures in respect of the full financial year and the reviewed year-to-date figures up to third quarter.”
Official Quarterly Documents
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This summary is AI-generated from Bhansali Engineering Polymers Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.