Financial Result for 31st March 2020
Awaiting price reaction for this filing.
Bharati Defence and Infrastructure (formerly Bharati Shipyard) submitted unaudited standalone financial results for the quarter ended June 30, 2025, along with a long-overdue set of historical results from June 2017 to March 2024, approved by the board on August 14, 2025. The company underwent a failed Corporate Insolvency Resolution Process (CIRP), entered liquidation in FY20, and only recently came under new management after liquidation was formally closed in January 2025. For the year ended March 31, 2020, the company reported total revenue of Rs. 290.65 lakhs but a net loss of Rs. 7,981.18 lakhs, with deeply negative shareholders' funds of approximately Rs. 4,99,146 lakhs. The statutory auditor (A K Kocchar & Associates) explicitly stated they did not conduct a review under standard auditing procedures and disclaimed any audit opinion, citing incomplete records and the failed CIRP process.
This is a back-logged compliance filing rather than new business news — shareholders should note the company only recently emerged from liquidation with a completely eroded equity base, and the new auditor has issued no assurance on these figures. The stock remains a highly risky, historically distressed name with no track record of current operating performance under the new management.