Baheti Recycling Industries posts 38% revenue rise, 50% profit jump

Baheti Recycling Industries posted a record‑breaking FY26, with revenue and profit surging over 35% YoY, margins edging higher, and new OEM contracts and capacity upgrades setting the stage for continued growth into FY27.

• Revenue: ₹724.86 cr in FY26, up 38.3% YoY (₹524.31 cr in FY25). H2 FY26 alone saw a 53.4% jump in revenue.
• PAT (Net Profit): ₹27.06 cr, up 50.3% YoY (₹18.01 cr in FY25).
• EBITDA: ₹60.97 cr, up 50.1% YoY; EBITDA margin improved to 8.41% from 7.75% (+66 bps).
• PAT margin: rose to 3.73% from 3.43% (+30 bps).
• EPS: ₹26.08, a 50.1% increase over the prior year.

Operating highlights

• Secured direct supply contracts with TVS Motor, Royal Enfield and Bajaj Auto, boosting brand credibility and pricing power.
• Launched a ₹20‑25 cr aluminium wire‑rod division (Phase 1: 12,500 MT, targeting ₹200‑250 cr revenue; Phase 2: 25,000 MT, potential ₹500 cr).
• Upgraded smelting capacity to 38,000 MT with new electric furnaces; five more slated for FY27.
• Raised ₹7.48 cr via preferential allotment to fund working‑capital needs.
• Commissioning a captive solar plant by May 2026 to cut power costs for electric furnaces, expected to lift margins from Q2 onward.

Management guidance

• Order book projected to start FY27 at >₹175 cr, underpinning revenue growth.
• Anticipates continued revenue growth in Q1 FY27 and incremental ₹200‑500 cr of revenue over the next 2‑3 years from the wire‑rod business and additional furnaces.