Bhagyanagar India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
BHAGYANGR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bhagyanagar India has filed its audited Q4 and full-year FY25 results. On a consolidated basis, revenue from operations grew about 14% to roughly Rs 1,625 crore (vs ~Rs 1,429 crore in FY24), helped by the copper business that was hived off into a wholly owned subsidiary, Bhagyanagar Copper Pvt Ltd, via slump sale effective Jan 1, 2024. Reported consolidated profit after tax fell sharply to about Rs 140 crore from ~Rs 457 crore, mainly because FY24 had a one-time profit of Rs 42.6 crore from sale of land and building, versus Rs 3.5 crore in FY25. Excluding this land-sale gain, underlying PBT actually improved slightly to ~Rs 152 crore from ~Rs 132 crore. Statutory auditor Luharuka & Associates gave an unmodified opinion on the standalone results and an unmodified opinion on the consolidated results but flagged a GST demand of Rs 50.69 crore on the copper subsidiary as an Emphasis of Matter, with Rs 8 lakh already deposited under protest and an appeal pending.
The headline PAT looks weak, but the fall is almost entirely due to a one-time land-sale gain in the base year; underlying business performance is marginally better. The big overhang for shareholders is the Rs 50.7 crore GST demand on the copper subsidiary—if the appeal fails, it could materially hit earnings. Operating cash flow also turned sharply negative on a consolidated basis, which warrants attention even though the bottomline still looks okay.