Slide 1: SHUBHAM JAIN Digitally
SHUBHAM JAIN Digitally signed by SHUBHAM JAIN Date: 2026.02.09 18:16:59 +05'30'
Slide 2: BSL Limited Q3 & 9M FY26 Investor Presentation
NSE: BSL BSE: 514045 BSL Limited Q3 & 9M FY26 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by BSL Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situation, or informational need of any particular person. This presentation may not be copied, distributed, or disseminated, directly o
Slide 4: Presentation Content
Presentation Content 01. Financial Performance 04. ESG Initiatives 02. Growth Drivers 05. Management Team 03. Company Profile 06. Annexure Thank You Dec 2025 Investor Presentation 3
Slide 5: Chairman Message
Chairman Message “During Q3 and 9M FY26, the Indian textile industry operated in a challenging but gradually stabilizing global environment. While demand remained uneven across key markets, moderating inflation, supply-chain realignment, and constructive trade developments are improving the medium-t
Slide 6: Managing Director Message
Managing Director Message “The financial performance during Q3 FY26 reflects steady execution amid softer demand conditions and pricing pressures across domestic and export markets. Quarterly revenue stood at ₹167 Cr, EBITDA was ₹13 Cr, with EBITDA margins improving QoQ by 42 bps to 7.9% due to bett
Slide 7: 01. Financial Performance
01. Financial Performance ❑ Q3 FY26 Financial Performance ❑ 9M FY26 Financial Performance ❑ Historical Financial Performance NSE: BSL BSE: 514045 Sept 2025
Slide 8: Q3 FY26 Financial Performance
Q3 FY26 Financial Performance ₹ in Cr Revenue Gross Profit & Margin(%) EBITDA & Margin(%) PAT & Margin(%) 184 170 167 76 73 73 16 14 13 3.1 1.7 44.5% 43.6% 39.7% 9.6% 1.2 7.5% 7.9% 1.8% 0.9% 0.7% Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Dec 2025
Slide 9: Q3 FY26 Segment Wise Revenue Performance
Q3 FY26 Segment Wise Revenue Performance Fabric Furnishing Yarn Cotton Fabric Others ₹ 7 Cr (4%) ₹ 7 Cr (4%) ₹4 Cr (2%) 100% ₹2 Cr (1%) ₹7 Cr (5%) 90% 80% ₹77 Cr (45%) ₹89 Cr (48%) 79 Cr (47%) 70% 60% 50% ₹22 Cr (13%) ₹21 Cr (12%) ₹ 19 Cr (11%) 40% 30% ₹64 Cr (38%) ₹65 Cr (35%) ₹58 Cr (35%) 20% 10%
Slide 10: 9M FY26 Financial Performance
9M FY26 Financial Performance ₹ in Cr Revenue Gross Profit & Margin(%) EBITDA & Margin(%) PAT & Margin(%) 512 509 227 215 48 39 7.9 44.4% 3.4 42.2% 9.3% 7.7% 1.5% 0.7% 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 Dec 2025 Investor Presentation 9
Slide 11: 9M FY26 Segment Wise Revenue Performance
9M FY26 Segment Wise Revenue Performance Fabric Furnishing Yarn Cotton Fabric Others ₹ 22 Cr (4%) ₹21 Cr (2%) 100% ₹6 Cr (1%) 90% 80% ₹239 Cr (47%) ₹245 Cr (48%) 70% 60% 50% ₹65 Cr (13%) ₹ 59 Cr (12%) 40% 30% ₹186 Cr (36%) ₹177 Cr (35%) 20% 10% 0% 9M FY25 9M FY26 Dec 2025 Investor Presentation 10
Slide 12: Income Statement
Income Statement Quarterly Nine-Months Yearly Parameters (₹ in Cr.) Q3 FY26 Q2 FY26 QoQ Q3 FY25 YoY 9M FY26 9M FY25 YoY FY25 Total Income 166.90 184.37 (9.5%) 169.91 (1.8%) 509.67 512.23 (0.5%) 667.78 Raw Material Cost 90.49 109.72 102.70 290.36 298.70 393.39 Changes in Inventory 3.59 1.50 (8.34) 4.
Slide 13: 02. Growth Drivers
02. Growth Drivers ❑ Growth Driving Factors NSE: BSL BSE: 514045 Sept 2025
Slide 14: Growth Driving Factors: Market Expansion Policy
Growth Driving Factors ▪ Indian textile & apparel market ▪ 100% FDI allowed in textiles under ▪ In FY26, the signed India–UK FTA will expected to grow at 10% CAGR to the automatic route. enhance access and is emerging as a $350 billion by 2030. key growth driver, much as “China ▪ The Union Budget 20
Slide 15: Growth Driving Factors: Capacity, Enhancement, Sustainability
Growth Driving Factors ▪ India’s cotton output is projected to ▪ Participation in Sustainable ▪ BSL Limited’s Marketing Strategy is hit 7.2 million tonnes by 2030, Textiles for Sustainable uniquely designed for the company securing raw material for BSL’s Development (SusTex) project to and helps gat
Slide 16: 03. Company Profile
03. Company Profile ❑ About Us ❑ Milestones ❑ Business Verticals NSE: BSL ❑ Strong Parentage BSE: 514045 Sept 2025
Slide 17: About Us: Pioneers in Textile Manufacturing
About Us Diverse Range of Products Pioneers in Textile Manufacturing BSL Limited, established in 1971, is a renowned manufacturer of a diverse range of textile Production products, including synthetic, worsted, and cotton yarn, as well as synthetic and Worsted Particulars Suitings, and various furni
Slide 18: Milestones
Milestones The company took decisive step to venture into Converted into a furnishing fabrics and over Incorporated under Public Limited the last decade or more, this the name of has been the biggest growth Company under the “Raj General Udyog engine for success story for name of “Bhilwara Private L
Slide 19: Business Vertical - Suiting
Business Vertical - Suiting BSL Limited Provides Finest Premium Suiting Fabrics For Both Domestic & Export Markets TR FABRICS PW FABRICS PV FABRICS Dec 2025 Investor Presentation 18
Slide 20: Business Vertical - Furnishing
Business Vertical - Furnishing The New Benchmark From Soft Furnishing Fabrics To Upholstery Fabrics & Exquisite Silk Fabrics Offers A Wide Range Of Premium Furnishing FURNITURE CURTAINS Furnishing Fabrics SILK FABRIC Dec 2025 Investor Presentation 19
Slide 21: Business Vertical - Yarn
Business Vertical - Yarn The Highest Quality Fabrics Begin with Yarn that comes from a State-of-the-art Manufacturing Facility. Made of different materials, colour patterns, gauges, and weights, our yarns are a Testament to World-class Quality and Craftsmanship. POLY WOOL YARN COTTON YARN Poly Wool
Slide 22: Strong Parentage
Strong Parentage POWER CONSULTANCY ▪ Indo Canadian Consultancy Services Limited TEXTILES ▪ BSL Limited ▪ Maral Overseas Limited ▪ RSWM Limited ▪ Bhilwara Technical Textiles Limited HIGHLIGHTS ▪ BMD Private Limited ▪ 5 Group companies listed on the Stock Exchanges. ▪ Production units & Corporate offi
Slide 23: 04. ESG Initiative
04. ESG Initiative ❑ Environment ❑ Social ❑ Governance NSE: BSL BSE: 514045 Sept 2025
Slide 24: Environment
Environment OEKO-TEX Agro-Fuel The Company has received From July 2022 onwards, in line OEKO-TEX Certifications, which with Global Sustainability ensure that our Products have been Initiatives, an Agro-Fuel system for Tested Against a list of up to 350 Boiler & Thermopack is being used Toxic Chemica
Slide 25: Social
Social CSR Regulatory Integration with Overview Mechanism Corporate Objectives Corporate social responsibility is also A CSR policy acts as a self-regulating The company sees CSR activities as a known as corporate conscience, system where a business keeps track crucial part of its corporate corporat
Slide 26: Governance
Governance Internal Control Systems Whistle Blower Policy Corporate Governance ➢ The Company has adequate ➢ The Company has a vigil ➢ The Company is committed to Internal Control Systems, Mechanism named Whistle Blower maintaining the highest standards commensurate with the size, scale policy to dea
Slide 27: 05. Leadership
05. Leadership ❑ Management Team ❑ Board Members ❑ Achievements NSE: BSL BSE: 514045 Sept 2025
Slide 28: Management Team
Management Team Shri Arun Churiwal Shri Nivedan Churiwal Shri Praveen Jain Chairman Managing Director Director (Operations) & CFO Dec 2025 Investor Presentation 27
Slide 29: Board Members
Board Members Shri Arun Churiwal Shri Praveen Jain Chairman, B.A. (Hons.), 48+ years of experience CFO & Director (Operations), F.C.A., F.C.S., F.C.M.A., 38+ years of experience Shri Nivedan Churiwal Shri Jagdish Chandra Laddha Managing Director, B.Com, 28+ years of experience Independent Director,
Slide 30: Achievements
Achievements Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2018 - 19 Golden Trophy Best Overall Export Performance - Export of Natural Silk Goods 2017 - 18 Silver Trophy Best Overall Export Performance - Export of fabrics to Focus Lac Countries 2017 - 18 Golden Trophy Be
Slide 31: 06. Historical Data
06. Historical Data ❑ Financial Performance ❑ Ratios NSE: BSL BSE: 514045 Sept 2025
Slide 32: Historical Financial Segmental Performance
Historical Financial Segmental Performance Fabric Furnishing Yarn Others ₹31 Cr (4%) ₹28 Cr (4%) 100% 90% 80% ₹298 Cr (45%) ₹315 Cr (47%) 70% 60% 50% ₹77 Cr (12%) ₹80 Cr (12%) 40% 30% ₹261 Cr (39%) ₹244 Cr (37%) 20% 10% 0% FY24 FY25 Dec 2025 Investor Presentation 31
Slide 33: Historical Financial Performance
Historical Financial Performance ₹ in Cr Revenue Gross Profit & Margin(%) EBITDA & Margin(%) 666 667 66 60 472 436 51 40 321 294 297 250 224 30 166 9.4% 10.9% 51.6% 51.4% 52.9% 44.5% 9.2% 44.1% 9.9% 9.0% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Dec 2025 Investor Pre
Slide 34: Historical Financial Performance
Historical Financial Performance ₹ in Cr PBDT & Margin(%) PAT & Margin(%) 17 17 11 11 11 11 8 8 3.6% 3.6% 1 1.2% 1 1.2% 2.6% 1.7% 2.6% 1.7% 4.0% 4.0% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Dec 2025 Investor Presentation 33
Slide 35: Historical Financial Performance
Historical Financial Performance ₹ in Cr ROCE RONW FACR(x) 10.9% 16.3% 1.8 9.7% 8.7% 12.9% 1.4 1.4 7.9% 1.3 1.3 7.3% 10.0% 6.8% 1.7% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Dec 2025 Investor Presentation 34
Slide 36: Historical Financial Performance
Historical Financial Performance ₹ in Cr Net Working Capital Net Debt Net Debt to Equity(x) 45.7 437 3.9 421 39.2 3.5 37.2 37.8 3.3 35.7 346 2.1 2.1 186 161 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Dec 2025 Investor Presentation 35
Slide 37: Thank You!
Thank You! Meeting Request Form Meeting Request Form G E T I N TO UC H W I T H US BSL Limited Shri Nivedan Churiwal Shri Praveen Jain Mr. Ritesh Shashiprakash Singh Managing Director CFO & Director (Operations) Investor Relations Consultant, Rik Capital E: Nivedan@bslltd.com E: Praveenjain@bslsuitin