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BSL Ltd. — Earnings Release 2026
May 19, 2026
61765_rns_2026-05-19_e87f1005-0c19-4ba0-805f-0a0f8fffb133.pdf
Earnings Release
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BRILWAR IN CROU
PROUD TO BE INDIAN
PRIVILEGED TO BE GLOBAL
BSL Ltd.
REGD. OFFICE: Post Box No. 16-17
Mandpam, Bhilwara - 311001 (Rajasthan) INDIA
Tel.: (91-1482) 245000
E-mail: [email protected], Website: www.bslltd.com
CIN: L24302RJ1970PLC002266
BsL
www.bslltd.com
REF: BSL/CS/2026-27/
Dated: 19th May, 2026
| National Stock Exchange of India Ltd | BSE Ltd |
|---|---|
| Listing Department | Department of Corporate Services |
| Exchange Plaza | 25th Floor, Phiroze Jeejeebhoy Towers |
| Bandra Kurla Complex | Dalal Street |
| Bandra (E) | Kala Ghoda, Fort, |
| Mumbai- 400 051 | Mumbai, Maharashtra 400 001 |
| NSE Symbol: BSL | BSE Scrip Code: 514045 |
Subject: Press Release of the Company
Dear Sir/Ma’am,
Please find enclosed the press release being issued by the Company.
This will also be hosted on the Website of the Company www.bslltd.com.
This is for your information and records please.
Thanking you,
Yours Faithfully
For BSL Limited
SHUBHAM
JAIN
Digitally signed by
SHUBHAM JAIN
Date: 2026.05.19 18:32:59
+07:07
Shubham Jain
Company Secretary
M. No.: ACS-49973
Enc: a/a
VEGAN
SGS
SGS
SGS
BRIELWAR IN TECHNOLOGY
CONFIDENCE IN TEXTILES
Tested for harmful substances
according to Oeko-Tex Standard 100
No. 09.HIN.68375
Huhematein
Press Release
BSL
COLLEGE OF TECH
PROUD TO BE INDIAN
PRIVILEGED TO BE GLOBAL
BSL Limited Reports FY26 Revenue of ₹657 Cr, Gross Profit of ₹283 Cr and EBITDA of ₹50 Cr Amid a Volatile Industry Environment
19th May 2026, Bhilwara – BSL Limited (NSE: BSL/BSE: 514045), a pioneering company in the textile industry, operates as a vertically integrated unit encompassing spinning, weaving, processing, and manufacturing capabilities using state-of-the-art technologies sourced globally. The Company has announced its audited financial results for the Q4 and FY26 period ended on 31st March 2026.
Quarterly Segmental Revenue:

Note: Cotton Fabric business commenced in October 2025
Key Business Highlights:
- Revenue: Q4 FY26 revenue stood at ₹148 Cr, broadly stable YoY, supported by steady execution despite softer demand across domestic and export markets. FY26 revenue was ₹657 Cr, largely stable compared to FY25, reflecting the resilience of core operations.
- Gross Profit: Q4 FY26 gross profit stood at ₹68 Cr with gross margins at 45.9%, supported by disciplined inventory management and operational efficiency despite volatility in raw material prices. FY26 gross profit came in at ₹283 Cr with a margin of 43.0%, highlighting the Company's continued focus on value-added operations and manufacturing efficiency.
- EBITDA: Q4 FY26 EBITDA came in at ₹10 Cr, with margins at 7.0%, sustained through disciplined cost management and operating control. FY26 EBITDA stood at ₹50 Cr, with margins of 7.6%, as the Company continued to maintain operating efficiency amid pricing pressure and global uncertainty.
- PAT: The Company reported a net loss of ₹1.0 Cr in Q4 FY26, reflecting the impact of year-on-year pricing and demand moderation. FY26 PAT stood at ₹2.4 Cr, with margins of 0.4%, reflecting operational resilience amid a challenging business environment.
Press Release
BSL
PROUD TO BE INDIAN PRIVILEGES TO BE GLOBAL
Financial Performance for Q4 & FY26:
| Parameters (Y in Cr.) | Quarterly | Yearly | ||||||
|---|---|---|---|---|---|---|---|---|
| Q4 FY26 | Q3 FY26 | Q2Q | Q4 FY25 | YoY | FY26 | FY25 | YoY | |
| Revenue | 147.8 | 166.9 | (11.4%) | 155.5 | (4.9%) | 657.0 | 667.1 | (1.5%) |
| Gross Profit | 68.0 | 72.8 | (6.7%) | 70.3 | (3.3%) | 282.9 | 297.6 | (4.9%) |
| Gross Profit Margin | 45.9% | 43.6% | 227 bps | 45.2% | 72 bps | 43.0% | 44.6% | (155 bps) |
| EBITDA | 10.3 | 13.1 | (21.3%) | 12.5 | (17.2%) | 49.8 | 60.3 | (17.4%) |
| EBITDA Margin | 7.0% | 7.9% | (89 bps) | 8.0% | (105 bps) | 7.6% | 9.0% | (146 bps) |
| PAT | (1.0) | 1.2 | - | 0.3 | - | 2.4 | 8.2 | (70.9%) |
| PAT Margin | (0.7%) | 0.7% | - | 0.2% | - | 0.4% | 1.2% | (86 bps) |
Commenting on the results, Mr. Nivedan Churiwal, Managing Director of BSL Limited, said,
"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."
About BSL Ltd. (BSE: 514045/NSE: BSL):
BSL Limited has a proud history as a leader in the textile industry. Its vertically integrated unit combines spinning, weaving, processing, and manufacturing capabilities with cutting-edge technologies from around the world. The company offers a diverse range of products, including synthetic, worsted, and cotton yarns; synthetic and worsted suiting; and a variety of furnishings and fabrics. Since its establishment in 1971, BSL Limited has continuously grown and expanded.
Today, the Company is recognised for its high-quality synthetic blended fabrics under the brand name 'BSL Suiting' and premium worsted fabrics under the brand name 'Geoffrey Hammonds'. The company's extensive experience in textile manufacturing has earned it the ability to produce over 20 million metres of fabric annually across India and over 60 countries globally. The company is committed to providing the highest quality products, as evidenced by its ISO 9001:2015 certification. For more information, please visit the company website www.bslltd.com
Press Release
BSL
PROUD TO BE INDIAN PRIVILEGES TO BE GLOBAL
About LNJ Bhilwara:
The esteemed journey of the LNJ Bhilwara Group began in 1960, when its founder, Mr. L. N. Jhunjhunwala, established a textile mill in Bhilwara, Rajasthan. The Group has completed more than 65 years of operations, and today, the single textile mills established in 1961 have expanded into several manufacturing plants. The Group’s export earnings comprise 50% of its turnover and have strategically diversified over the period. It stands proudly as a multi-product and services conglomerate in textile, graphite electrodes, power generation, IT-enabled services, power engineering consultancy services, Energy storage solutions and Skill development.
LNJ Bhilwara Group is a well-diversified conglomerate & one of India’s leading diversified business groups. The LNJ Bhilwara Group (www.lnjbhilwara.com) commands 20 production units, is strategically located, markets internationally, and employs over 28,000+ employees globally. HEG Limited is the group’s flagship company and has the world’s largest single-location graphite electrode manufacturing plant. The group also owns two hydroelectric projects under Bhilwara Energy Limited.
For further details, please contact:
| BSL LIMITED
CIN: L24302RJ1970PLC002266 | | |
| --- | --- | --- |
| Mr. Nivedan Churiwal
Managing Director,
BSL Limited | Mr. Praveen Jain
Director (Operations) & CFO,
BSL Limited | Mr. Ritesh S Singh
Investor Relations Consultant,
Rik Capital |
| E: [email protected]
W: www.bslld.com | E: [email protected]
W: www.bslld.com | M: +91 83293 85762
E: [email protected]
W: www.rikcapital.in |
Safe Harbor:
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential, and target dates for project-related issues, are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.