Ballarpur Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
Ballarpur Industries reported a net loss of ₹2,327.12 lakhs for Q1 FY26 (ended June 30, 2025), nearly double the ₹1,190.00 lakhs loss in the same quarter last year. Revenue from operations collapsed to ₹182.91 lakhs from ₹1,041.00 lakhs a year ago (an ~82% decline), as manufacturing operations remain suspended under the new management's revival plan. Total expenses rose to ₹2,518.54 lakhs, with finance costs (₹1,385.51 lakhs) and employee costs (₹418.09 lakhs) being the biggest burdens. The Board allotted the third and final tranche of 28 lakh 0.01% redeemable preference shares (worth ₹28 crore) to Finquest Financial Solutions, the resolution applicant that now controls the company, completing the full ₹100 crore preference share plan. Mr. Alok Prakash was additionally appointed as Whole Time Director alongside his CEO role. The auditor (Batliboi & Purohit) issued a qualified conclusion, flagged material uncertainty on going concern, and noted that unpaid dividend of ₹16.24 lakhs needs IEPF transfer and ₹48,728.49 lakhs of assets remain classified as held for sale for over a year.
Shares are highly speculative — operations are not yet restarted, losses are widening, and the auditor has explicitly flagged going concern uncertainty. The preference share infusion to Finquest further entrenches the promoter's control. Short-term stock action will likely remain volatile; long-term recovery depends on restarting manufacturing and selling the large pool of held-for-sale assets.