BSRM Group posts record Tk23,943cr revenue, Tk1,418cr profit in FY26

Bangladesh Steel Re-Rolling Mills and BSRM Steels jointly earned Tk1,418 crore in net profit, up 25% year-on-year, and recommended cash dividends of 55% and 60%, respectively.

Two listed companies of BSRM Group, Bangladesh Steel Re-Rolling Mills Limited and BSRM Steels Limited, jointly posted record revenue of Tk23,943 crore in the fiscal year ended 30 June 2026, up 20% from the previous fiscal year.

The two steelmakers also reported a combined net profit of Tk1,418 crore in FY26, a 25% increase from Tk1,132 crore in FY25, driven by strong market demand and higher sales volumes.

Company officials said both revenue and net profit reached all-time highs in the group’s corporate history during the year.

According to price-sensitive disclosures issued after their respective board meetings today (14 October), Bangladesh Steel Re-Rolling Mills Limited (BSRM Ltd) reported consolidated revenue of Tk10,995 crore in FY26, up from Tk9,664 crore in the previous fiscal year.

The company’s net profit rose to Tk703 crore from the previous year, while earnings per share (EPS) increased to Tk23.54 from Tk20.57.

Its net asset value (NAV) per share stood at Tk186.06 as of 30 June 2026.

The board of BSRM Ltd recommended a 55% cash dividend for shareholders for FY26.

Meanwhile, BSRM Steels Limited, the group’s flagship re-rolling unit, recorded a revenue of Tk12,949 crore in FY26, up 25% from Tk10,367 crore logged in FY25.

The company’s net profit after tax surged 38% to Tk715 crore, pushing its EPS up to Tk19.03 from Tk13.77. BSRM Steels’ NAV per share reached Tk106.36, while its board recommended a 60% cash dividend for the fiscal year.

Shareholders of both entities will vote on the dividend approvals and financial statements at their respective Annual General Meetings scheduled for 17 December via digital platforms, with the record date for entitlement set for 15 November.

Source: The Business Standard