BHARATIDILNSEBharati Defence and Infrastructure LimitedHighNeutral
Announced Wed, 12 Nov, 2025 · 12:20 IST
Bharati Defence files backlog results FY17 to FY24; auditor disclaims proper review
Qualified audit opinionEmphasis of matterRevenue declinedNet loss reportedNegative operating cash flowExceptional itemResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved on Aug 14, 2025 unaudited Q1 FY24 results plus backlog results from FY17 to FY24. Q1 FY24 revenue was Rs 17,593 lakhs but dropped to nil in Q2 FY24. Q1 FY24 net profit was Rs 16,942 lakhs; reserves are deeply negative at Rs (5,78,167) lakhs. Auditor AK Kocchar disclaimed conducting review per SRE 2410, noting statutory audit for FY24 was not conducted due to CIRP and liquidation history. New management took over after liquidation closure in January 2025.
Likely market impact
Major red flags from auditor disclaimer and deeply negative reserves. Historical numbers may be unreliable. Investors should exercise extreme caution.