Financial Result for 31st December 2019
Awaiting price reaction for this filing.
Bharati Defence and Infrastructure Ltd has filed its unaudited financial results for Q3 FY2019-20 (quarter ended Dec 31, 2019) and the nine months ended that date, submitted in August 2025 — nearly 6 years late. The company went through the Corporate Insolvency Resolution Process (CIRP) under IBC, then liquidation (completed in early 2025), and new management has now taken control. For Q3 FY2019-20, revenue from operations was just Rs 64.63 lakhs, down sharply from Rs 1,773.31 lakhs in the same nine-month period of FY2018-19 — a roughly 91% collapse. The company posted a net loss of Rs 1,483.06 lakhs for the quarter and Rs 4,536.48 lakhs for the nine months. Total liabilities stood at around Rs 4,76,961 lakhs (~Rs 4,770 crore). The statutory auditor explicitly stated they did not conduct the review in accordance with standard review procedures, noting that the original FY2019-20 statutory audit was never carried out and the financial information was received from the Liquidator.
This filing is largely a regulatory housekeeping exercise to close old gaps after liquidation, not a reflection of current operating performance. Shareholders should note the company is essentially starting fresh under new management; the astronomical liabilities versus tiny paid-up capital highlight why the old structure failed. Existing equity holders face significant dilution or write-off risk, while the stock is likely to remain highly speculative.