Outcome of Board Meeting held inter-alia, to approve the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2025.
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The Board of Bengal Steel Industries approved standalone and consolidated unaudited financial results for the quarter and half year ended 30 September 2025. Revenue from operations stood flat at Rs. 15 lakhs in Q2 FY26 versus Rs. 15 lakhs in Q2 FY25; H1 FY26 revenue rose modestly to Rs. 30 lakhs from Rs. 27 lakhs. Standalone net profit for Q2 FY26 was Rs. 6.66 lakhs, down from Rs. 9.06 lakhs in Q2 FY25, while H1 FY26 PAT improved to Rs. 12.23 lakhs from a near-zero Rs. 0.15 lakhs in H1 FY25. Total expenses dropped sharply in H1 FY26 to Rs. 15.50 lakhs from Rs. 26.85 lakhs a year ago, primarily on lower other expenses. The company carries no debt (finance costs nil), has Rs. 116.73 lakhs in cash, and generated positive operating cash flow of Rs. 10.57 lakhs in H1. Statutory auditor S. Ghose & Co LLP issued an unmodified limited review report on both standalone and consolidated results.
For shareholders, the results show a tiny, almost dormant operating business with minimal revenue activity (Rs. 15 lakhs/quarter from operations) and the company's value sits largely in investments and other non-current assets (Rs. 836+ lakhs). Q2 PAT declined year-over-year, and the headline H1 profit jump is flattered by an unusually low prior-year base and a sharp cost cut, so it is unlikely to materially move the stock on fundamentals alone.