BSL LTD.
P&L
Quarterly Standalone
vs Q3 FY26
BSL Ltd Reports FY26 Revenue of ₹657 Cr
19 May 2026 · 19 May, 6:41 pm
Summary
BSL Limited announced its audited financial results for Q4 and FY26, reporting largely stable revenue at ₹657 Cr for the full year and ₹148 Cr for the fourth quarter, despite a complex and volatile industry environment. However, profitability saw a decline, with FY26 EBITDA at ₹50 Cr (down 17.4% YoY) and PAT significantly lower at ₹2.4 Cr (down 70.9% YoY). The company also recorded a net loss of ₹1.0 Cr in Q4 FY26 due to pricing and demand moderation. Managing Director Mr. Nivedan Churiwal noted that while near-term demand visibility remains cautious, improving market enquiries, normalizing input costs, and better inventory alignment provide encouraging signs for the coming quarters, reaffirming commitment to sustainable growth.
Key Highlights
- 1
BSL Limited reported FY26 revenue of ₹657 Cr, which was largely stable compared to FY25, reflecting the resilience of core operations amidst a challenging environment.
- 2
Q4 FY26 revenue stood at ₹148 Cr, broadly stable year-on-year, supported by steady execution despite softer demand in domestic and export markets.
- 3
FY26 EBITDA came in at ₹50 Cr, with margins of 7.6%, a decrease of 17.4% year-on-year, as the company maintained operating efficiency amid pricing pressure.
- 4
Gross Profit for Q4 FY26 was ₹68 Cr, achieving gross margins of 45.9%, supported by disciplined inventory management.
- 5
The company recorded a net loss of ₹1.0 Cr in Q4 FY26, reflecting the impact of year-on-year pricing and demand moderation.
- 6
FY26 Profit After Tax (PAT) stood at ₹2.4 Cr, with margins of 0.4%, representing a significant 70.9% decline compared to FY25.
- 7
The Cotton Fabric business commenced operations in October 2025, marking a new business update for the company.
Management Comments
Nivedan Churiwal
FY26 was a year of navigating a complex and volatile business environment for the textile industry. Persistent pressure on demand across domestic and international markets, rising cotton and raw material prices, and higher freight and logistics costs driven by geopolitical disruptions in the Western Asia region impacted industry-wide sentiment during the second half of the year. Amid these challenges, BSL Limited reported FY26 revenue of ₹657 Cr and EBITDA of ₹50 Cr, while Q4 FY26 revenue stood at ₹148 Cr with EBITDA of ₹10 Cr. The Company remained focused on maintaining operational continuity, prudent cost structures, efficient working capital management, and strengthening customer relationships across key business segments. During the year, our emphasis remained on enhancing product mix, improving process efficiencies, and driving disciplined execution across manufacturing and supply chain operations. While near term demand visibility remains cautious, improving market enquiries, gradual normalisation in input costs, and better inventory alignment across the textile value chain provide encouraging signs for the coming quarters. With a strong manufacturing foundation and continued focus on operational agility, BSL remains committed towards sustainable growth and long-term value creation.
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