Adverse audit opinion on FY25 results

Adverse OpinionEmphasis Of MatterRevenue DeclineEbitda Margin ExpansionResults View source PDF Explain this filing

BFUTILITIE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹734.00

prior close

₹732.15

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.6% vs market

Road Assets - Toll Annuity Hybrid-Annuity peers, median of 5sector+4.8%-4.5% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 4.5 pts less than its Road Assets - Toll Annuity Hybrid-Annuity peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.1

15m

-0.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-0.3+0.6+4.8-4.5

Next day

-0.5+0.7-1.3-0.3-0.3

-2.9-0.0-2.8-0.8-2.1

-6.5-1.7-4.8-1.6-5.0

-7.0-1.3-5.7-1.3-5.7

-7.5-1.7-5.8-1.6-5.9

-5.5-1.1-4.4+2.1-7.6

15d

-12.8-4.0-8.8-5.3-7.5

-15.5-3.3-12.2-3.9-11.6

-9.4-5.5-3.9-7.0-2.4

-29.5-12.0-17.5-9.2-20.3

UpDownMarket · Nifty Microcap 250Sector · Road Assets - Toll Annuity Hybrid-Annuity peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

FY25 operating revenue was Rs 83,683.90 lakh, about 14% lower year on year; net profit was Rs 33,784.74 lakh and EPS Rs 38.89. The auditor issued an adverse opinion over Nandi Economic Corridor Enterprises' buyback accounting, a claim seeking Rs 500 crore plus 18% interest, a Rs 3,700 lakh advance, impairment risk at Nandi Highway Developers after toll operations ended, and missing audit evidence from three units.

Likely market impact

The adverse opinion and unresolved claim and impairment risks raise governance concerns and may weigh on the stock despite positive profit.