Bimetal Bearings Reports Strong FY26 Results, Recommends 135% Dividend

Revenue Rises to ₹296.98 Crore, Profit Hits ₹11.72 Crore

Bimetal Bearings Limited has announced its audited financial results for the fiscal year ending March 31, 2026. The company achieved consolidated revenue from operations of ₹296.98 crore, a notable increase from ₹239.08 crore in the previous fiscal year. Profit After Tax (PAT) for FY26 stood at ₹11.72 crore, showing growth from ₹11.25 crore in FY25.

Shareholder Returns and Financial Health

The Board of Directors has recommended a final dividend of 135%, equivalent to ₹13.50 per share, which will be subject to shareholder approval. This strong dividend payout aims to provide a direct financial return to investors. The company also confirmed an unmodified audit opinion from Fraser & Ross LLP, indicating clean financial reporting. Bimetal Bearings reported no defaults on its outstanding loans, signaling financial stability.

Core Business and Diversification

Bimetal Bearings' primary business is the manufacturing of Engine Bearings. This core segment contributed ₹276.78 crore to revenue in FY26. The company is also expanding its Engineering & Project Services segment, which added ₹20.20 crore in revenue during the same period, reflecting efforts to diversify its business operations.

Impact of New Labour Codes

The company has updated its employee benefit policies to align with new Labour Codes, which became effective on November 21, 2025. This resulted in a past service cost adjustment of ₹0.50 crore, which will affect employee benefits expenses. Investors will monitor the long-term impact of these policy changes on operational costs and overall profitability.

Sector Context

As a player in the automotive components sector, Bimetal Bearings operates in an environment with fluctuating raw material costs and competitive pressures. Companies like Bimetal Bearings often use substantial dividend payouts to reward shareholders, especially when profits are stable or growing, a common practice in this mature industry segment.