Bsl Ltd · NSE:BSL
Bsl — Q2 & H1 FY26 Earnings Presentation
36 slides from Bsl's earnings presentation, Nov 12, 2025
Slide 1: Stock exchange filing cover letter
BSL Ltd. REGD. OFFICE: Post Box No.16-17 Mandpam, Bhilwara -311001 (Rajasthan) INDIA Tel. : (91-1482) 245000 pF]OuD ro BE INDIAN pF]iviLEGED ro BE GLOBAL E-mail: accounts@bslsuitings.com, Website : www.bslltd.com CIN : L24302RJ1970PLC002266 REF: BSL/CS/2025-26/ Dated: 12th November, 2025 National St
Slide 2: BSL Limited Q2 & H1 FY26 Investor Presentation
NSE: BSL BSE: 514045 BSL Limited Q2 & H1 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 Sept 2025 Investor Presentation 3
Slide 5: Chairman Message
Chairman Message “During H1 FY26, the Indian textile industry demonstrated strong resilience and adaptability amid a challenging global environment characterized by softer US demand, inflationary pressures, and evolving trade dynamics. The recently signed Free Trade Agreement with the UK marks a sig
Slide 6: Managing Director Message
Managing Director Message “The financial results for Q2 FY26 demonstrated consistent progress, with overall revenue reaching ₹184 Cr, a 16.7% QoQ increase and a 3.5% rise YoY. This strong performance was supported by robust market demand and higher production volumes across key business categories.
Slide 7: 01. Financial Performance
01. Financial Performance ❑ Q2 FY26 Financial Performance ❑ H1 FY26 Financial Performance ❑ Historical Financial Performance NSE: BSL BSE: 514045 Sept 2025
Slide 8: Q2 FY26 Financial Performance
Q2 FY26 Financial Performance ₹ in Cr Revenue Gross Profit & Margin(%) EBITDA & Margin(%) PAT & Margin(%) 16.7% QoQ 6.7% QoQ 8.9% QoQ 3.7x QoQ 184 178 158 77 73 69 16 14 13 2.5 43.4% 43.4% 1.7 39.7% 8.8% 8.0% 7.5% 0.5 1.4% 0.9% 0.3% Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2
Slide 9: Q2 FY26 Segment Wise Revenue Performance
Q2 FY26 Segment Wise Revenue Performance Fabric Furnishing Yarn Others 100% ₹8 Cr (4%) ₹7 Cr (5%) ₹9 Cr (5%) 90% 80% ₹83 Cr (47%) ₹78 Cr (49%) ₹89 Cr (48%) 70% 60% 50% ₹21 Cr (12%) ₹21 Cr (11%) ₹19 Cr (12%) 40% 30% ₹66 Cr (37%) ₹54 Cr (34%) ₹65 Cr (36%) 20% 10% 0% Q2 FY25 Q1 FY26 Q2 FY26 Sept 2025 I
Slide 10: H1 FY26 Financial Performance
H1 FY26 Financial Performance ₹ in Cr Revenue Gross Profit & Margin(%) EBITDA & Margin(%) PAT & Margin(%) 342 342 151 142 31 26 4.8 44.2% 41.4% 9.2% 2.2 7.7% 1.4% 0.6% H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 Sept 2025 Investor Presentation 9
Slide 11: H1 FY26 Segment Wise Revenue Performance
H1 FY26 Segment Wise Revenue Performance Fabric Furnishing Yarn Others ₹15 Cr (4%) ₹16 Cr (5%) 100% 90% 80% ₹162 Cr (47%) ₹166 Cr (48%) 70% 60% 50% ₹43 Cr (13%) ₹40 Cr (12%) 40% 30% ₹122 Cr (36%) ₹120 Cr (35%) 20% 10% 0% H1 FY25 H1 FY26 Sept 2025 Investor Presentation 10
Slide 12: 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 Sept 2025 Investor Presentation 11
Slide 13: Historical Financial Performance
Historical Financial Performance ₹ in Cr Revenue Gross Profit & Margin(%) EBITDA & Margin(%) PAT & Margin(%) 666 667 66 60 472 436 51 17 40 321 294 297 11 11 250 224 30 8 166 9.4% 10.9% 3.6% 51.6% 51.4% 52.9% 44.5% 9.2% 44.1% 9.9% 9.0% 1.2% 1 2.6% 1.7% 4.0% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY
Slide 14: Historical Financial Performance
Historical Financial Performance ₹ in Cr ROCE RONW FACR(x) 10.9% 1.8 9.7% 16.3% 8.7% 1.4 1.4 7.9% 12.9% 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 Net Working Capital Net Debt Net Debt to Equity(x) 45.7 437 421 37.2 37.8 39.2 3.9 35.7 346
Slide 15: 02. Growth Drivers
02. Growth Drivers ❑ Growth Driving Factors NSE: BSL BSE: 514045 Sept 2025
Slide 16: 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 17: 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 18: 03. Company Profile
03. Company Profile ❑ About Us ❑ Milestones ❑ Business Verticals NSE: BSL ❑ Strong Parentage BSE: 514045 Sept 2025
Slide 19: 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 20: 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 21: Business Vertical - Suiting
Business Vertical - Suiting BSL Limited Provides Finest Premium Suiting Fabrics For Both Domestic & Export Markets TR FABRICS PW FABRICS PV FABRICS Sept 2025 Investor Presentation 20
Slide 22: 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 Sept 2025 Investor Presentation 21
Slide 23: 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 24: 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 25: 04. ESG Initiative
04. ESG Initiative ❑ Environment ❑ Social ❑ Governance NSE: BSL BSE: 514045 Sept 2025
Slide 26: 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 27: Social: CSR Overview
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 28: 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 29: 05. Leadership
05. Leadership ❑ Management Team ❑ Board Members ❑ Achievements NSE: BSL BSE: 514045 Sept 2025
Slide 30: Management Team
Management Team Shri Arun Churiwal Shri Nivedan Churiwal Shri Praveen Jain Chairman Managing Director Director (Operations) & CFO Sept 2025 Investor Presentation 29
Slide 31: 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 32: 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 33: 06. Annexure
06. Annexure ❑ Income Statement ❑ Balance sheet NSE: BSL BSE: 514045 Sept 2025
Slide 34: Income Statement
Income Statement Quarterly Half-Yearly Yearly Parameters (₹ in Cr.) Q2 FY26 Q1 FY26 QoQ Q2 FY25 YoY H1 FY26 H1 FY25 YoY FY25 Total Income 184.37 158.39 16.4% 178.08 3.5% 342.76 342.32 0.1% 667.78 Raw Material Cost 109.72 90.15 100.34 199.88 196.00 393.39 Changes in Inventory 1.50 (0.71) 0.44 0.79 (5
Slide 35: Balance Sheet
Balance Sheet Assets H1 FY26 FY25 Equity & Liabilities H1 FY26 FY25 (₹ in Cr.) (₹ in Cr.) Non – Current Assets 245.0 235.5 Equity 120.4 119.3 Property, Plant & Equipment 214.4 216.4 Equity Share Capital 10.3 10.3 Capital Work in Progress 18.8 6.3 Other Equity 110.1 109.0 Intangible Assets 2.2 2.3 No
Slide 36: Thank You!
Thank You! 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@bslsuitings.com M: +91 8329 385762 W: www.bslltd.co