Revised Financials
Awaiting price reaction for this filing.
Blueblood Ventures Limited has submitted revised half-yearly financial results for the period ended September 30, 2025, correcting an earlier filing that omitted the required bifurcation of Trade Payables under the prescribed accounting format. The revised results show Revenue from Operations of Rs 100.79 lakhs for H1 FY26, up sharply from Rs 32.08 lakhs in H1 FY25, with Profit After Tax jumping to Rs 16.98 lakhs from Rs 1.08 lakhs. The auditor (KRA & Associates) issued an unmodified review opinion but flagged several matters of emphasis, including Rs 756 lakhs in Zero Optional Convertible Debentures where 247 ZOCDs were wrongly transferred to another party, pending confirmations on long-term loans and advances of Rs 6,188.55 lakhs treated as good, and a service tax matter of Rs 27.04 lakhs under the SVLDRS scheme. Operating cash flow was deeply negative at Rs -491.69 lakhs.
Though top-line and profit numbers show impressive growth, investors should note the deeply negative operating cash flow, very high debt-to-equity ratio (long-term borrowings of Rs 9,400 lakhs against equity of about Rs 313 lakhs), sizeable unconfirmed loan balances, and the ZOCD transfer issue, all of which raise governance and asset-quality concerns despite the clean auditor opinion.