Unaudited financial results for a quarter and half yearly ended September 30, 2024 along with Limited Review Report.
Awaiting price reaction for this filing.
Blue Blends (India) Ltd, a textile company, filed its unaudited financial results spanning Q1 FY25 (ended June 30, 2024), H1 FY25 (ended September 30, 2024), and 9M FY25 (ended December 31, 2024) — all approved together in a single board meeting on September 19, 2025. The company has just emerged from a 3-year Corporate Insolvency Resolution Process (CIRP), with the NCLT approving its Resolution Plan on December 6, 2024, and implementation (share allotment, re-listing) is currently underway. Standalone revenue from operations came in at ₹139.80 lakhs (Q1), ₹257.87 lakhs (H1), and ₹419.03 lakhs (9M), while the company swung from losses to profits — posting PAT of ₹7.52 lakhs (Q1), ₹18.12 lakhs (H1), and ₹35.21 lakhs (9M), compared to losses in the prior year. As part of the resolution plan, balances of preference share redemption reserve (₹550 lakhs), debenture redemption reserve (₹900 lakhs), and 1% preference share capital (₹900 lakhs) were transferred to Capital Reserve. The auditor (M/s. M Parashar & Co.) issued an unqualified limited review report. Notably, the standalone balance sheet as of September 30, 2024 continues to show negative net worth of approximately ₹11,999 lakhs despite the CIRP exit.
For shareholders, this is a turnaround story — the company is emerging from a long insolvency process and is now reporting profits instead of losses. However, the persistently negative net worth is a red flag, and the stock's future hinges on successful implementation of the approved Resolution Plan, including share allotment and re-listing. Investors should watch for further updates on capital restructuring and re-listing timelines.