Financial Results for the Quarter and nine months ended on December 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bhagawati Gas Ltd reported weak numbers for Q3 FY26 with revenue from operations at just Rs. 0.38 lacs and a net loss of Rs. 24.76 lacs (EPS of Rs. -0.15). For the nine-month period, revenue from operations fell to Rs. 21.34 lacs from Rs. 25.30 lacs a year ago, while the company swung from a profit of Rs. 151.74 lacs to a loss of Rs. 75.90 lacs (EPS of Rs. -0.45). The balance sheet shows negative other equity of Rs. 281.14 lacs (vs Rs. 205.23 lacs at March 2025), indicating accumulated losses. The statutory auditor issued a qualified review conclusion, flagging concerns including Rs. 310.58 lacs of doubtful advances without any expected credit loss provision, unverified bank balances, a Rs. 235.23 lacs disputed machinery liability with no documentation, and an unverified Rs. 48.35 lacs of old income tax receivables.
The combination of an operational loss, negative reserves, declining revenue, and a qualified auditor's report with multiple unresolved audit qualifications points to significant financial weakness. Shareholders should expect continued pressure on the stock price and monitor the company's ability to address the auditor's flagged issues, particularly the non-recognition of provisions for doubtful advances.