The two listed companies of steel giant BSRM Group – BSRM Steels Limited and Bangladesh Steel Re-Rolling Mills Limited – reported a combined net profit of more than Tk400 crore in the first quarter (July–September) of FY2026–27, driven by strong revenue growth.
According to price-sensitive information (PSI) approved at separate board meetings held today (11 November), both companies recorded notable year-on-year improvements in net profit compared to the corresponding period of the previous fiscal year.
BSRM Steels Limited reported a 115% surge in net profit after tax to Tk210.40 crore for Q1 FY27, up from Tk97.61 crore in the corresponding period of FY26. The company’s revenue expanded to Tk2,969.34 crore from Tk2,637.57 crore a year earlier.
Consequently, earnings per share (EPS) jumped to Tk5.60 from Tk2.60. Net operating cash flow per share (NOCFPS) also rose to Tk7.92 from Tk5.24, while net asset value (NAV) per share increased to Tk111.25 as of 30 September 2026, compared to Tk106.36 as of 30 June 2026.
Meanwhile, Bangladesh Steel Re-Rolling Mills (BSRM) Limited posted a consolidated net profit of Tk203.07 crore for the July–September period, marking a 63.8% increase from Tk123.97 crore recorded in Q1 FY26.
Consolidated revenue grew to Tk2,485.79 crore from Tk2,345.03 crore in the corresponding period. The company’s consolidated EPS rose to Tk6.80 against Tk4.15 in the same period last year.
However, consolidated NOCFPS eased to Tk4.93 from Tk6.93 a year earlier. The firm’s consolidated NAV per share stood higher at Tk192.59 at the end of September 2026, up from Tk186.06 recorded at the end of June 2026.
About The Author
