Bhansali Engineering Polymers Ltd reported a consolidated net profit of ₹40.45 crore for Q2 FY26, down 12.7% from ₹46.32 crore a year ago, as softer demand impacted topline performance. Revenue declined 11.4% YoY to ₹325.10 crore, while total income stood at ₹332.76 crore versus ₹379.02 crore last year. Total expenses dropped 12% YoY to ₹278.19 crore, helping maintain operating efficiency. The company announced a second interim dividend of 100%, taking total interim payout to 200% for the fiscal. Despite near-term pressures, BEPL continues to emphasize margin stability and operational efficiency across its ABS and SAN product portfolio.
Q2 FY26 – Consolidated Results
| Metric | Q2 FY26 (30-09-2025) | Q2 FY25 (30-09-2024) | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹325.10 crore | ₹366.91 crore | -11.4% |
| Other Income | ₹7.66 crore | ₹11.21 crore | -31.7% |
| Total Income | ₹332.76 crore | ₹379.02 crore | -12.3% |
| Total Expenses | ₹278.19 crore | ₹316.29 crore | -12.0% |
| Profit Before Tax (PBT) | ₹54.57 crore | ₹61.86 crore | -11.8% |
| Share in JV Profit | ₹0.37 crore | ₹0.28 crore | +32.1% |
| Profit Before Tax (after JV) | ₹54.94 crore | ₹62.14 crore | -11.6% |
| Tax Expense | ₹14.48 crore | ₹15.85 crore | -8.6% |
| Net Profit (PAT) | ₹40.45 crore | ₹46.32 crore | -12.7% |
Key Observations
- Revenue fell 11.4% YoY, reflecting softer market conditions.
- PAT declined 12.7% YoY, broadly in line with revenue drop.
- Expense discipline visible — costs declined 12% YoY, supporting margins.
- JV contribution improved YoY.
- Profitability remains healthy despite volume pressure.
Management Highlights (from disclosure)
- Second interim dividend declared 100% (₹1 per share) → Total interim dividend so far: 200%
- Focus remains on specialty ABS & SAN polymer demand recovery.
