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Bajaj Steel Industries
Bajaj Steel Industries (BAJAJST) investor relations material
Bajaj Steel Industries Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary8 Nov, 2025
Executive summary
Achieved strong revenue growth of 62% QoQ and 15% YoY in Q2FY26, with margin improvement driven by major order executions in Pre-Engineered Buildings and Electrical Panels, and growth in Cotton Ginning Machinery.
H1FY26 performance was impacted by delays in the Cotton Processing Machinery segment due to client site readiness and deferred customer advances, affecting machinery dispatches and operating profit.
Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, with review by independent auditors and no material misstatements noted.
Order book stood at Rs 520 Cr as of September 30, 2025, with significant new orders and advances received in November, indicating improving business sentiment.
Maintained a healthy ROE of 25% and ROCE of 20%, with a net debt-free balance sheet (Net Debt/Equity: -0.12x).
Financial highlights
Q2FY26 consolidated revenue from operations was Rs 174.6 Cr, up 14.7% YoY and 62.4% QoQ; H1FY26 revenue was Rs 282.2 Cr, down 3.8% YoY.
Q2FY26 consolidated PAT was Rs 21.3 Cr (12.1% margin), up 22% YoY and 187.5% QoQ; H1FY26 PAT was Rs 28.7 Cr.
Q2FY26 EBITDA was Rs 31.8 Cr (18.2% margin), up 25.6% YoY and 134.7% QoQ; H1FY26 EBITDA was Rs 45.3 Cr.
Q1FY25 PAT included a one-time dividend of Rs 27 Cr from the US subsidiary.
Annual FY25 revenue was Rs 585 Cr, EBITDA Rs 92 Cr (15.8% margin), PAT Rs 84 Cr (14.1% margin), and EPS Rs 40.3.
Outlook and guidance
Receipt of customer advances in November signals a pickup in growth momentum for H2FY26.
Planned capex of Rs 300-350 Cr over 2–3 years to support growth across Cotton Processing, Infrastructure, Electrical Panels, Heavy Engineering, and Other Products.
Roadmap in place for Electrical Panel and Heavy Engineering divisions, with focus on new geographies and client engagement.
Earnings per share figures for prior periods have been restated to reflect bonus share allotment.
The company continues to identify 'Multiple Engineering Products' as its only reportable segment.
H1 operational profit decline drivers?
H1 operating cash flow improvement drivers?
Details on H1 capital work-in-progress increase?
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Next Bajaj Steel Industries earnings date
Q3 25/267 Feb, 2026
Bajaj Steel Industries
Next Bajaj Steel Industries earnings date
Q3 25/267 Feb, 2026
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Frequently asked questions
Bajaj Steel Industries Limited operates in the manufacturing sector, providing machinery and equipment for the cotton ginning and pressing industry. The company designs and manufactures a wide range of products, including ginning machines, pre-cleaners, lint cleaners, and automation systems for the cotton processing industry. In addition to machinery, it offers complete turnkey solutions for cotton ginning and pressing plants, focusing on improving efficiency and productivity. The company serves agricultural and industrial sectors, primarily catering to cotton producers and processors globally. The company is headquartered in Nagpur, Maharashtra, and its shares are listed on the BSE.
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