BLEL · Steel & Iron Products
Behari Lal Engineering reported revenue of ₹152 cr for April to June 2026, +18.8% on the year and +16.0% on the quarter.
Operating profit (EBITDA) was ₹28.0 cr, a margin of 18.4%, +45 bps on the year and +86 bps on the quarter. Operating costs grew +18.1% against revenue growth of +18.8%, so more of each rupee of sales reached operating profit.
Net profit was ₹19.0 cr, +26.7% on the year and −9.5% on the quarter, with earnings per share of ₹4.92. Profit before other income, one-offs and tax grew 20.0%, so 7 points of the headline growth came from outside the core business.
Metal margins move with the spread between product prices and coal and ore costs, so large quarterly swings are normal here and say more about prices than about the business. The quarterly statements do not carry volumes, realisation per tonne and the cost of coal and ore; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Finance cost rising, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
FinMinutes scored the offer document 79/100 before listing. 0 quarters of numbers since. Promise against delivery
| Q1 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|
| Revenue | ₹128 cr | ₹131 cr | ₹152 cr |
| YoY | — | — | +19% |
| EBITDA margin | 18.0% | 17.6% | 18.4% |
| Other income, % of PBT | 5% | 27% | 8% |
| Exceptional items | — | — | — |
| Tax rate | 26% | 19% | 25% |
| Net profit | ₹15.0 cr | ₹21.0 cr | ₹19.0 cr |
| YoY | — | — | +27% |
| Core profit YoY | — | — | +20% |
| EPS | ₹3.95 | ₹5.48 | ₹4.92 |
| Flags | · | · | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Behari Lal Engineering reported revenue of ₹152 cr (+18.8% on the year) and net profit of ₹19.0 cr (+26.7% on the year) for April to June 2026.
Profit before other income, exceptional items and tax moved +20.0% on the year, against +26.7% for reported profit.
None of the 6 checks that could run raised a question.
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