Pursuant to Regulation 30 read with Regulation 33 of SEBI (LODR), 2015, please find attached herewith the un-audited standalone and consolidated financial results for the second quarter ....
BNAGROCHEM · price
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BN Agrochem Ltd (formerly BN Holdings Ltd) submitted its un-audited financial results for Q2 and H1 FY26, with the auditor (JSMG & Associates) issuing an un-modified (clean) limited review opinion on both standalone and consolidated numbers. On a consolidated basis, the group swung from a net loss of about Rs 884.5 lacs in H1 FY25 to a net profit of roughly Rs 3,839.9 lacs in H1 FY26, driven largely by its foreign subsidiaries (BN Holdings Europe, Singapore, and BNPB Industries Liberia) which posted PAT of Rs 1,791.94 lacs in Q2 and Rs 3,800.23 lacs in H1. Total consolidated assets grew to about Rs 70,365 lacs (from Rs 66,205 lacs at March 2025), while trade receivables jumped sharply from Rs 8,663 lacs to Rs 28,383 lacs. The company also converted Rs 60 crore of optionally convertible bonds into equity during the period. However, the consolidated cash flow statement shows net cash used in operating activities of about Rs 192.22 lacs in H1 FY26, against positive operating cash flow of Rs 2,559.90 lacs in H1 FY25.
The headline swing back to consolidated profit is positive for shareholders, especially given the large jump in equity (to Rs 44,405 lacs) from the bond conversion. However, the sharp rise in trade receivables and negative operating cash flow on a consolidated basis are yellow flags, suggesting profits are not yet translating into cash collections and warrant close monitoring.