Standalone Audited Financial results for the quarter and year ended March 31, 2026
BFUTILITIE · price
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BF Utilities Ltd reported a standalone net profit of Rs. 223.40 Lakhs for FY26, down 86% from Rs. 1,598.32 Lakhs in FY25. Total revenue declined to Rs. 3,334.25 Lakhs from Rs. 4,168.23 Lakhs, with revenue from operations falling 18% to Rs. 1,886.07 Lakhs. The company's statutory auditor G.D. Apte & Co. issued a Qualified Opinion citing three material concerns: an ongoing SIAC arbitration where investors claim Rs. 500 crore damages plus 18% IRR interest; potential impairment of Rs. 26.07 crores investment in NHDL (whose toll operations ended in September 2024); and Rs. 37 crores advance outstanding to NECE for 14+ years without clarity on utilization. The Infrastructure segment reported a loss of Rs. 368.15 Lakhs while Wind Mills segment earned Rs. 400.80 Lakhs profit. The company has negative operating cash flow of Rs. 1,144.92 Lakhs. Subsidiaries have not submitted audited financials, delaying consolidated results.
The qualified audit opinion and pending Rs. 500 crore arbitration claim pose significant risk to shareholders. The 86% drop in net profit, negative operating cash flow, and unresolved subsidiary financials create uncertainty around the company's true financial position.