Bhansali Engineering Polymers reported a strong Q2 FY27 with revenue at Rs 403.37 crore and net profit at Rs 63.03 crore. While the company declared a second interim dividend of Re 1 per share, it announced a six-month delay in its ABS capacity expansion due to global supply chain and geopolitical disruptions.
Bhansali Engineering Polymers Q2 Profit Jumps, Capacity Expansion Delayed
Revenue stands at Rs 403.37 crore; Net Profit reached Rs 63.03 crore.
Reader Takeaway: Strong quarterly earnings contrast with supply chain-driven expansion delays; monitoring project execution through March 2027 is essential.
What just happened
Bhansali Engineering Polymers has released its financial results for the quarter ended September 30, 2026. The company recorded a significant increase in revenue to Rs 403.37 crore from Rs 325.10 crore in the same period last year. Net profit improved to Rs 63.03 crore, up from Rs 40.09 crore in Q2 FY26. Consequently, the Board of Directors declared a second interim dividend of Re 1 per share, bringing the total interim dividend for FY27 to Rs 2 per share.
Why this matters
The financial performance underscores robust operational demand for the company’s ABS products. However, the company has officially deferred the completion date of its 25,000 TPA capacity expansion project—from 75,000 TPA to 100,000 TPA—to the end of March 2027. This delay impacts the company's immediate growth roadmap.
The backstory and operational hurdles
The Rs 200 crore expansion project, originally intended to be finished by September 2026, has been hampered by external factors. Management has cited the ongoing global war scenarios and supply chain bottlenecks, specifically the scarcity of shipping containers and the unavailability of foreign service engineers required for machinery commissioning, as primary reasons for the postponement.
Risks to watch
Investors should monitor the potential for further cost overruns or timeline shifts if global supply chain volatility persists. The company’s reliance on imported equipment and foreign technical expertise remains a notable vulnerability until the commissioning phase is successfully completed.
What to track next
The market will look for updates on the installation of reactor components and the revised commissioning timeline as the new March 2027 deadline approaches. Additionally, continued dividend consistency remains a focal point for shareholders.