BF Utilities Limited has submitted to the Exchange, the Unaudited Standalone financial results for the period ended June 30, 2025.
BFUTILITIE · price
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BF Utilities Limited reported standalone Q1 FY26 (quarter ended June 30, 2025) results with revenue from operations of Rs. 576.57 lakhs (up ~6% YoY from Rs. 545.37 lakhs) and total revenue of Rs. 1,725.36 lakhs (down ~31% YoY) due to a sharp fall in other income. Profit after tax stood at Rs. 642.12 lakhs (down ~63% YoY from Rs. 1,750.15 lakhs), with basic and diluted EPS of Rs. 1.70. The Infrastructure segment saw revenue decline to Rs. 1,042.88 lakhs from Rs. 1,877.18 lakhs YoY, while Wind Mills revenue rose ~9.5% to Rs. 682.46 lakhs. The statutory auditor (G. D. Apte & Co.) issued a qualified conclusion, flagging a Rs. 3,700 lakhs interest-free advance to step-down subsidiary NECE outstanding for over 15 years with no impairment provision recognized under Ind AS 36. The auditor also added an Emphasis of Matter covering the Singapore International Arbitration Centre (SIAC) case filed by AIRRO (Mauritius) Holdings V over a disputed put option on NECE shares, ended toll operations of subsidiary NHDL, and pending audited financials from subsidiaries NICE, NECE, and NHDL which has delayed consolidated reporting.
The qualified auditor opinion and ongoing SIAC arbitration against the company over the NECE put option introduce uncertainty around contingent liabilities and recovery of the long-pending Rs. 3,700 lakhs advance, which may concern investors. However, core operating revenue showed modest growth, and profit generation continues at the standalone level. Watch for the consolidated results once subsidiaries submit their financials.