BILNSEBhartiya International Limited· Leather And Leather ProductsHighNeutral
Announced Fri, 29 May · 17:05 IST

Bhartiya International Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Revenue Growth 20pctPat Growth 25pctNegative Operating CashflowRelated Party TransactionsResults View source PDF

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AI summary

Bhartiya International Limited reported standalone revenue of Rs. 1,13,054.23 lakhs for FY2026, up 32% from Rs. 85,656.58 lakhs in FY2025. Standalone PAT grew 59% to Rs. 3,371.20 lakhs from Rs. 2,115.23 lakhs. However, Q4 standalone PAT was flat at Rs. 151.41 lakhs. The auditors issued an unmodified opinion confirming clean financials. On a consolidated basis, PAT declined to Rs. 1,344.51 lakhs from Rs. 1,562.66 lakhs, with associates reporting a net loss of Rs. 1,703.52 lakhs. Operating cash flow turned negative at Rs. 1,368.33 lakhs (vs positive Rs. 4,139.91 lakhs in FY2025), while total borrowings increased to Rs. 52,820 lakhs. The company also disclosed related party property sale of Rs. 3,100 lakhs in Bengaluru.

Likely market impact

Mixed signals for shareholders: strong standalone revenue and PAT growth contrasts with negative operating cash flow, rising debt, and consolidated profit decline. The substantial loss from associates and negative Q4 PAT suggest near-term headwinds despite full-year outperformance.