Financial Results for the quarter and year ended on March 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bhagwati Gas Limited reported total revenue of Rs. 279.29 lakhs for FY26, a significant decline from Rs. 435.67 lakhs in FY25 (approx 36% drop). Despite lower revenues, net profit after tax increased to Rs. 99.08 lakhs from Rs. 10.24 lakhs, partly due to a Rs. 235.24 lakh write-back of old creditor balances under Other Income. The auditors from Jain Paras Bilala & Co. issued a Qualified Opinion citing four material issues: unrecovered advances/loans of Rs. 366.47 lakhs with no expected credit loss provision, unavailable bank statements, unconfirmed borrowings and liabilities, and non-renewal of a Rs. 400 lakh bank guarantee linked to a Supreme Court case with Hindustan Copper Limited. Total assets stand at Rs. 1873.59 lakhs with net worth of Rs. 1570.67 lakhs.
The qualified audit opinion with multiple unresolved qualifications raises concerns about financial transparency and potential liabilities. The write-back of old creditor balances boosting profits is a red flag. Shareholders should be cautious as the company has weak internal controls, missing documentation, and pending litigation with uncertain financial consequences.