Board approves Q2 results, declares 2nd interim dividend of Re.1/-, ABS expansion now seen by March 2027
Board approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026; auditors Azad Jain & Co. issued a Limited Review Report with no qualification (limited assurance, not an audit opinion).
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 40,336.95 | 32,509.76 | +24.1% | 47,215.28 | −14.6% |
| Total income | 41,307.90 | 33,276.07 | +24.1% | 48,190.63 | −14.3% |
| Profit before tax | 8,685.82 | 5,493.54 | +58.1% | 9,067.49 | −4.2% |
| Profit after tax | 6,246.17 | 4,045.13 | +54.4% | 6,559.77 | −4.8% |
| Total comprehensive income | 6,225.09 | 4,050.86 | +53.7% | 6,559.77 | −5.1% |
| Basic EPS | 2.51 | 1.63 | +54% | 2.64 | −4.9% |
- Profit after tax YoY growth
- +54.4%
- Period
- Quarter ended 30/09/2026
Also decided at the meeting
- Declared 2nd Interim Dividend of Re.1/- (100%) per equity share of face value Re.1/- each for FY 2026-27, subject to TDS.
- Fixed Saturday, 24th October, 2026 as record date for the 2nd Interim Dividend; dividend to be paid on or before 17th November, 2026.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Total interim dividend declared till date is 200% (i.e. Rs 2/-) per share, including 1st Interim Dividend of Re 1/- per share declared in July, 2026.
- Consolidated results include Joint Venture Bhansali Nippon A & L Private Limited.
Dividend and record date
The board declared a 2nd Interim Dividend of Re.1/- (100%) per equity share of face value Re.1/- for 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.
- Counting the 1st Interim Dividend of Re.1/- per share declared in July 2026, the total interim dividend declared till date is 200% (i.e. Rs.2/-) per share.
Results approved, auditor review conclusion
The board approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2026. M/s. Azad Jain & Co., Chartered Accountants, issued the Limited Review Report. The report carries no qualification or modified conclusion: the auditors state that nothing has come to their attention that causes them to believe the statement contains any material misstatement. A review gives moderate, not full, assurance and is not an audit opinion.
Standalone performance, ₹ in lakhs (quarter ended 30/09/2026 vs 30/09/2025)
- Revenue from operations: 40,336.95 against 32,509.76
- Total income: 41,398.14 against 33,276.07
- Profit for the period: 6,303.28 against 4,008.52
- Basic and diluted EPS: 2.53 against 1.61
Standalone half year ended 30/09/2026
- Revenue from operations: 87,552.23
- Total income: 89,588.77
- Profit for the period: 12,817.25
- Basic and diluted EPS: 5.15
Consolidated performance, ₹ in lakhs
- Quarter ended 30/09/2026: Total income 41,307.90; Profit for the period 6,246.17; Basic and diluted EPS 2.51
- Half year ended 30/09/2026: Total income 89,499.53; Profit for the period 12,805.94; Basic and diluted EPS 5.15
- The consolidated numbers include the joint venture, Bhansali Nippon A & L Private Limited
Expansion project timeline shifts
The plan to raise ABS production capacity from 75000 TPA to 100000 TPA, with an estimated cost of Rs.200 crores, was earlier expected to be completed by September 2026. The company lists the following reasons for the change:
- Delivery of imported equipment is delayed due to shortage or non-availability of shipping containers
- Service engineers of foreign suppliers are unable to commit exact visit schedules for equipment commissioning trials
- Delivery of the reactor is delayed due to a disturbed supply chain for components, and is now expected in November 2026
Management has reviewed the implementation plan and will re-align the operational shutdown schedule with the revised equipment delivery timelines and construction sequence to minimise loss of production hours. Considering all factors, the management says it is confident of achieving project completion by end of March 2027.
What a retail investor can take away
- The quarter and half year results were approved with a Limited Review Report that carries no qualification or modified conclusion.
- A second interim dividend of 100% has been declared for FY27, taking the total interim dividend for the year so far to 200% (Rs.2/- per share).
- The capacity addition is the growth lever: it lifts capacity from 75000 TPA to 100000 TPA at an estimated Rs.200 crores, but commissioning is now targeted for end of March 2027 instead of September 2026.
- The stated reasons for the slippage are external supply-chain and travel-related, tied to global conditions and imported equipment.
Also from Bhansali Engineering Polymers
Bhansali Engineering Polymers Q2 FY27 revenue up 24.1% to ₹403.4 crore, PAT up 54.4%; ABS expansion commissioning now targeted March 2027
21 Oct 2026
Board fixes 24 October 2026 as record date for 2nd interim dividend
19 Oct 2026
2nd interim dividend of Re.1 per share declared; ABS expansion completion now seen by end of March 2027
19 Oct 2026
More numbers
- 2nd Interim Dividend per equity shareRe.1/-
- Total interim dividend declared till date (per share)200%
- Standalone Profit for the period, Q2 ended 30/09/20266,303.28
- Standalone Profit for the period, Q2 ended 30/09/20254,008.52
- Estimated cost of ABS expansionRs.200 crores
- Existing ABS production capacity75000 TPA
- Proposed ABS production capacity100000 TPA
- Total income, latest quarter41,307.90 (₹ in lakhs)
- Total income, year-ago quarter33,276.07 (₹ in lakhs)
- Total income, previous quarter48,190.63 (₹ in lakhs)
- Total comprehensive income, latest quarter6,225.09 (₹ in lakhs)
- Total comprehensive income, year-ago quarter4,050.86 (₹ in lakhs)
- Total comprehensive income, previous quarter6,559.77 (₹ in lakhs)
- Profit after tax, latest quarter6,246.17 (₹ in lakhs)
- Profit after tax, year-ago quarter4,045.13 (₹ in lakhs)
- Profit after tax, previous quarter6,559.77 (₹ in lakhs)
- Revenue from operations, latest quarter40,336.95 (₹ in lakhs)
- Revenue from operations, year-ago quarter32,509.76 (₹ in lakhs)
- Revenue from operations, previous quarter47,215.28 (₹ in lakhs)
- Profit before tax, latest quarter8,685.82 (₹ in lakhs)
- Profit before tax, year-ago quarter5,493.54 (₹ in lakhs)
- Profit before tax, previous quarter9,067.49 (₹ in lakhs)
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