BMW Ventures Q1 FY27: PAT +32% YoY to ₹10.6 Cr, margins expand as revenue rises 26%
PAT +31.79% YoY · revenue +25.65% · margins expanding
₹608.9 Cr
+25.65% YoY
₹10.58 Cr
+31.79% YoY
1.73%
+0.1pp YoY
₹1.22
BMW Ventures reported standalone Q1 FY27 (quarter ended June 30, 2026) revenue of ₹608.90 Cr, up 25.7% YoY from ₹484.59 Cr in Q1 FY26, with net profit of ₹10.58 Cr, up 31.8% YoY from ₹8.03 Cr. Profit grew faster than revenue, lifting net profit margin to 1.73% from 1.66% a year ago; there were no exceptional items in either period, so this is a clean reported-basis comparison with no adjustment needed. Sequentially, revenue fell 16.4% from ₹728.63 Cr and PAT dipped 2.5% from ₹10.85 Cr in Q4 FY26 — for a business spanning tractor distribution and construction-equipment rental in Bihar, the January-March quarter is typically the seasonally stronger one, so this QoQ dip reads as seasonality rather than a demand slowdown, and the YoY print is the one that matters.
Q1 FY-2027 vs prior quarters
The margin expansion was driven mainly by a 25% YoY drop in finance costs to ₹5.85 Cr (from ₹7.81 Cr), which more than offset a 66.8% YoY jump in employee benefit expense to ₹6.17 Cr (from ₹3.70 Cr) and a slight rise in the combined material/stock-in-trade cost ratio to 90.8% of revenue from 89.2% a year ago. PBT margin improved to 2.32% from 2.17% YoY as a result. Basic EPS was ₹1.22, actually down from ₹1.27 YoY despite the profit growth — paid-up equity capital rose to ₹86.72 Cr from ₹63.32 Cr YoY (a ~37% increase, consistent with an equity raise during FY26), so per-share profit growth lagged aggregate PAT growth.
The stock went into the print at ₹58, up 1.4% over the past month of trading.
No consensus estimates could be found for this quarter — a web search found BMW Ventures carries no analyst coverage, so vsStreet is unknown. Management has issued no formal revenue or margin guidance either in our records or in public filings, so vsGuidance is also unknown and the print cannot be graded against a stated target. This quarter's other corporate actions were governance-related rather than operating drivers: a new executive director (Sabita Devi Kishorepuria, appointed May 27, 2026) and new secretarial/internal auditors around the same date, plus a routine trading-window closure (June 25) ahead of today's board meeting. The board's outcome letter carries no separate management commentary beyond the SEBI-mandated intimation, so there is no press-release framing to reconcile against the numbers. For context, this follows FY26 full-year standalone revenue of ₹2,278 Cr and PAT of ₹37.48 Cr (with a dividend declared) — Q1 FY27's ₹608.90 Cr revenue is about 26.7% of that full-year base, a reasonable opening-quarter run-rate.
W1
Whether Q2 FY27 revenue holds near the ₹609-729 Cr range or reverts lower, given Q4 FY26 (₹728.63 Cr) looks like the seasonal peak.
W2
Finance cost trajectory — a 25% YoY drop to ₹5.85 Cr was the key margin driver this quarter; watch if it reverses and pressures NPM/PBT margin back down.
W3
EPS relative to PAT growth — paid-up capital is already ₹86.72 Cr (+37% YoY); watch whether PAT growth outpaces the enlarged share base to lift EPS back above the ₹1.27 YoY print.
Figures in ₹ Lakhs in source, converted to Crore (÷100); no consolidated statement exists (single unconsolidated entity, one reportable segment per Ind AS 108 note); no exceptional items in current or comparative quarters.