Earnings Presentation for the Analyst/Investor Meet to be held on 06.11.2026

Date: 05-11-2026 To, To, The Manager The Manager Listing Department Listing Department BSE Limited The Calcutta Stock Exchange Limited Phiroze Jeejeebhoy Towers Lyons Range, Dalal Street, Mumbai- 400001 Kolkata – 700 001 Scrip Code: 542669 Scrip Code: 12141- CSE SYMBOL: BMW Dear Sir / Madam, SUBJECT: EARNING PRESENTATION Please find enclosed herewith the Earning Presentation on the Unaudited Standalone and Consolidated Financial Results for the Second Quarter and Half Year ended September 30, 2026. The above information is being uploaded on the website of the Company at www.bmwil.co.in. You are requested to take the aforesaid information on your record. Yours faithfully, For BMW INDUSTRIES LIMITED Neha Jain Company Secretary & Compliance Officer Membership No.: A29956 Encl: As Above BMW Industries Limited Q2 FY27 Earnings Presentation Safe Harbor Statement This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain assumptions of future events over which the Company exercises no control. Therefore, there can be no guarantee as to their accuracy and readers are advised not to place any undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These statements involve a number of risks, uncertainties and other factors that could cause actual results or positions to differ materially from those that may be projected or implied by these forward-looking statements. Such risks and uncertainties include, but are not limited to; growth, competition, acquisitions, domestic and international economic conditions affecting demand, supply and price conditions in the various business's verticals in the Company’s portfolio, changes in Government regulations, laws, statutes, judicial pronouncement, tax regimes, and the ability to attract and retain high quality human resource. BMW Industries Limited ▪ BMWIL operates in the downstream value-added steel products segment, building on its legacy conversion business while expanding into higher value-added offerings such as Colour-Coated and Alloy-coated steel products ▪ Legacy Conversion Business o Core offerings: HRPO, CR, Pipes & Tubes, TMT o Conversion-driven economics: Stable processing spreads with limited raw material risk o Broad end-user linkage: Infra, construction, engineering o Established distribution and customer stickiness enabling long term contracts ▪ Bokaro Expansion o Core offerings: Galvanized, Galvalume, ZAM, Colour-Coated Coils o Premium product mix: Higher value-addition and margin accretion o Strategic adjacency: Proximity to major raw material suppliers leading to RM security and logistics efficiency ₹ 18,150 ₹ 3,481 ₹ 2,162 10.0% o Scalable platform aligned to rising demand for Value Added/ Coated steel/products Q2 FY27 Revenue Q2 FY27 Op. EBITDA Q2 FY27 PAT2 H1 FY27 ROE 3,4 ▪ Integrated Value Chain Advantage (Lakhs) (Lakhs) (Lakhs) (%) o Seamless forward integration: HR/CR → downstream coated products o Operating leverage: Shared infrastructure, utilities, and logistics backbone 40 19.2% 11.1% 9.7% o Blended margin architecture combining a legacy, price-resilient base business with a high-margin overlay Years’ Legacy Q2 FY27 Op. EBITDA1 Q2 FY27 PAT2 H1 FY27 ROCE 3 o Risk-mitigated portfolio: Product and end-use customer diversification (%) (%) (%) Note: 1.Operating EBITDA Margins calculated on Operating Income; 2. PAT attributable to the owners of the company; 3. Annualized; 4: ROE excludes Non-Controlling Interest Management Commentary “We are pleased to report the financial performance for Q2 FY27, driven by healthy growth across our conversion segments and continued progress on our expansion initiatives. During the quarter, Revenue from Operations stood at ₹18,150 lakh, registering a year-on-year growth of 25.3%. Operating EBITDA stood at ₹3,481 lakh, with a margin of 19.2%. Profit After Tax grew 42.7% year-on-year to ₹2,162 lakh, with a PAT margin of 11.1%. On the volume front, our Legacy business continued to demonstrate operational resilience across all three core segments, supported by stable operating performance and headroom for further improvement in utilisation levels. A key milestone in our expansion programme was achieved with the commissioning of the first phase of our Greenfield Downstream Steel Complex at Bokaro, Jharkhand. The Colour Coating line received its Consent to Operate (CTO) on 5th October 2026, marking the Company's foray into the colour-coated steel segment. As on 30th September 2026, ₹516.4 crore had been deployed towards the greenfield expansion, comprising ₹208.9 crore from internal accruals and ₹307.5 crore through debt. Of this, approximately ₹60 crore was capitalised towards the first phase of the Colour Coating line as on 5th October 2026. Going forward, our focus will remain on improving capacity utilisation, ramping up the new Bokaro facilities and Ram Gopal Bansal strengthening our balanced business model through the expansion of proprietary operations and value-added products. We Chairman remain committed to disciplined execution, operational efficiencies and prudent capital deployment to drive sustainable, long-term growth.” Key Quarterly Highlights In INR Lakhs Particulars Operating Income Operating EBITDA1 PAT2 Q2 FY27 18,150 3,481 2,162 Growth YoY 25.3% (5.7%) 42.7% Margin (%) - 19.2% 11.1% Diluted EPS - - 0.96 H1 FY27 34,750 6,850 4,074 Growth YoY 18.4% 0.2% 34.3% Margin (%) - 19.7% 10.9% Diluted EPS - - 1.81 Note: 1.Operating EBITDA Margin calculated on Operating Income; 2. PAT attributable to the owners of the company Balance Sheet Summary In INR Lakhs Particulars 31-Mar-25 31-Mar-26 30-Sep-26 NET DEBT / OPERATING EBITDA* NET DEBT / EQUITY* 4.30 0.70 Net Worth 73,267 80,400 83,503 0.45 2.20 0.19 Net Debt 1 14,211* 36,382 58,852 0.96 FY25 FY26 Sep'26 FY25 FY26 Sep'26^ Net Fixed Assets 67,342 83,378 1,03,501 Net Current Assets 2 18,875* 24,434 30,848 RETURN ON EQUITY4 RETURN ON CAPITAL EMPLOYED5 ,* 12.8% 11.7% Total Assets 1,01,555 1,29,056 1,56,550 10.8% 10.6% 10.0% 9.7% Capital Employed Turnover 0.70* 0.61 0.52^ Cash Conversion Cycle 3 67* 87 107^ FY25 FY26 Sep'26^ FY25 FY26 Sep'26^ Note: 1: Net Debt = Total borrowings + Lease Liabilities - Cash and Cash Equivalents – Current Investments; 2: Net Current Assets excludes cash & cash equivalents, Current Investments, Short Term Borrowings, and Current Lease Liabilities ; 3: Cash Conversion Cycle calculated on Operating Income; 4: ROE calculated on Average Shareholders’ Equity excluding Non Controlling Interest; 5: ROCE calculated on Average Capital Employed; Capital Employed includes ₹307.5 Cr of Debt as on 30th Sept 2026, undertaken for the Greenfield Project in Bokaro; ^Annualized; *In FY26, certain items were regrouped / reclassified to better reflect their nature. On the Balance Sheet, Operational Suppliers' Credit was regrouped under Short Term Borrowings. On the Statement of Profit and Loss, expenses previously classified under Other Expenses were reclassified to Finance Costs. To ensure comparability of Ratios across periods, similar regrouping has been retrospectively applied to the previous Financial years. Key Operational Highlights (1/2) FY26 H1 FY27^ Installed Capacity Particulars Production Utilization Production Annualized Utilization (MT) (MT) (%) (MT) (%) CGL Complex1 10,14,000 7,18,605 70.9% 3,57,592 70.5% Legacy Rolling Mill 1,80,000 74,975 41.7% 77,067 85.6% Business (TMT Bars) Pipes & Tubes2,3 7,32,000 2,01,623 34.2% 1,41,511 38.7% Note: 1. CGL Complex includes proprietary sales, production & dispatch of GI products 2. Capacity [Showing first 8,000 characters — download PDF for full document]