Bhansali Engineering Polymers500052Dividend news update

2nd interim dividend of Re.1 per share declared; ABS expansion completion now seen by end of March 2027

Board approved unaudited results for the quarter and half year ended 30th September 2026.

By ScoutQuest · Mon 19 Oct 2026, 3:20 PM IST · 2 min read

100000 TPA+33.3%

Existing75000 TPAProposed100000 TPA

ABS production capacity: 75000 TPA (Existing) and 100000 TPA (Proposed).

Interim Dividend: 2nd interim dividend of Re.1/- (100%) per equity share of face value Re.1/- each for FY 2026-27
Record Date: 24th October 2026; payment on or before 17th November 2026
ABS Expansion Timeline: 75000 TPA to 100000 TPA at Rs.200 crores; completion now expected by end of March 2027

The Board declared a 2nd interim dividend of Re.1/- (100%) per equity share of face value Re.1/- each for the financial year 2026-27, subject to deduction of tax at source.
Record date to decide who receives it: Saturday, 24th October 2026.
Payment on or before 17th November 2026.
Adding the 1st interim dividend of Re.1/- per share declared in July 2026, the total interim dividend declared so far is 200% (i.e. Rs 2/-) per share.

Revenue from operations: 40,336.95 in the quarter against 32,509.76 a year earlier; 87,552.23 for the half year against 63,300.64.
Profit for the period: 6,303.28 in the quarter against 4,008.52; 12,817.25 for the half year against 8,681.68.
Basic and diluted EPS: 2.53 for the quarter and 5.15 for the half year, against 1.61 and 3.49 a year earlier.
Total expenses in the quarter were 32,655.21, of which cost of materials consumed was 25,943.44.
Statutory auditors Azad Jain & Co. issued a limited review report on the standalone and consolidated results.

Consolidated profit for the period was 6,246.17 in the quarter and 12,805.94 for the half year.
The consolidated results include the joint venture Bhansali Nippon A & L Private Limited, whose share of net profit after tax was Rs. 33.13 lakhs for the quarter.

Cash and cash equivalents 15,726.13, against 38,680.04 as at 31st March 2026.
Total equity 1,16,012.47, against 1,08,193.47 as at 31st March 2026.
For the six months, net cash used in operating activities was 2,366.99 and dividend paid on equity shares was 4,977.16.

The plan is to raise ABS production capacity from 75000 TPA to 100000 TPA at an estimated cost of Rs.200 crores.
Completion was earlier expected by September 2026.
The company attributes the delay to disturbances from the global war scenario (Gulf War and Russia-Ukraine war): delivery of imported equipment is held up by shortage or non-availability of shipping containers; service engineers of foreign suppliers cannot commit exact visit schedules for equipment commissioning trials; and delivery of the reactor is now expected in November 2026.
The operational shutdown schedule is being re-aligned with the revised equipment delivery timelines and construction sequence to minimise loss of production hours.
Management says it is confident of achieving project completion by end of March 2027.

The dividend amount, record date and payment date are now fixed, so eligibility depends on holding shares on the record date.
The capacity addition is the larger long-term item; the timeline having moved to March 2027 means output from the extra capacity comes later than originally planned.
Updates on reactor delivery and commissioning trials are the markers to watch on the expansion.

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