Financial Result for the 30th September 2021
Awaiting price reaction for this filing.
Bharati Defence and Infrastructure Ltd filed its unaudited financial results for Q2 FY22 (quarter ended September 30, 2021) with a delay of nearly four years, only on August 14, 2025. The company reported a net loss of ₹1,209.75 lakhs for the quarter and ₹2,432.08 lakhs for H1 FY22, compared to a full-year FY21 loss of ₹8,161.83 lakhs. Revenue from operations collapsed to just ₹59.14 lakhs in H1 FY22 versus ₹283.91 lakhs for the entire FY21. The company's shareholder equity is deeply negative at approximately ₹5,09,740 lakhs, and reserves stand at ₹5,12,688 lakhs in the red. The auditor (AK Kocchar & Associates, appointed January 23, 2025) explicitly stated they did NOT conduct the review in accordance with SRE 2410 review standards, citing that the statutory audit for FY 2021-22 was never conducted due to lack of documentation. The company underwent CIRP from FY 2015-16 to FY 2019-20, then liquidation until January 2025, after which new management took control.
These results highlight a company in severe financial distress with completely eroded shareholder equity, massive accumulated losses, and a history of insolvency and liquidation. Investors should treat this stock as extremely high risk — the delayed filing, auditor disclaimers, and negative net worth suggest very limited operational viability despite the change in management.