Outcome of the Board Meeting held on April 28, 2026
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The board approved strong audited results for FY2026 with standalone net profit jumping to Rs 2,758 million from Rs 342 million (705% YoY), driven by 37% revenue growth to Rs 6,480 million and dramatic reduction in finance costs from Rs 1,888 million to Rs 577 million following IPO debt repayment. Consolidated net profit rose to Rs 4,030 million from Rs 477 million (745% YoY). Total consolidated income stood at Rs 15,978 million. The company completed its IPO in June 2025 raising Rs 25,000 million, using Rs 23,000 million for debt repayment. Borrowings collapsed from Rs 15.8 billion to Rs 1.4 billion on standalone basis. The board also approved investment in BPBKC Properties Private Limited and appointed PwC Services LLP as internal auditor for FY2026-27. Exceptional items of Rs 16.4 million (standalone) and Rs 64 million (consolidated) relate to labour code changes. Auditors B S R & Co. LLP gave unmodified opinions.
Exceptional profit growth with massive debt reduction signals strong operational recovery and financial health improvement. The dramatic cut in finance costs from debt repayment significantly boosted bottom line. The stock listed in June 2025 is showing strong fundamental performance.