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BFL Asset Finvest Q2 FY27 results: net loss widens to ₹5.06 crore, revenue up 13.0%
BFL Asset Finvest Limited reported standalone revenue of ₹2.86 crore in Q2 FY27, up 13.0% from Q2 FY26, but recorded a net loss of ₹5.06 crore and basic EPS of ₹4.96. In the first half, revenue rose to ₹16.35 crore and net profit was ₹7.43 crore, while total expenses increased sharply during the quarter.
Key points
- Q2 FY27 revenue was ₹2.86 crore, up 13.0% from ₹2.53 crore in Q2 FY26, while total income rose 47.4% to ₹3.14 crore.
- BFL Asset Finvest reported a net loss of ₹5.06 crore in Q2 FY27 against a net loss of ₹1.36 crore in Q2 FY26.
- Basic EPS was ₹4.96 in Q2 FY27, compared with ₹1.33 in Q2 FY26, as the result moved to a larger loss.
- H1 FY27 revenue was ₹16.35 crore, up 34.5% from ₹12.16 crore in H1 FY26, and net profit rose to ₹7.43 crore from ₹5.24 crore.
- Q2 FY27 total expenses were ₹8.21 crore, up 135.9% from ₹3.48 crore in Q2 FY26.
How did BFL Asset Finvest perform in Q2 FY27?
BFL Asset Finvest’s standalone revenue was ₹2.86 crore in Q2 FY27, compared with ₹2.53 crore in Q2 FY26 and ₹13.49 crore in Q1 FY27. Total income was ₹3.14 crore, against ₹2.13 crore a year earlier and ₹14.0 crore in the previous quarter. EBITDA and EBITDA margin were not reported. The company recorded a net loss of ₹5.06 crore in Q2 FY27, compared with a net loss of ₹1.36 crore in Q2 FY26 and net profit of ₹12.50 crore in Q1 FY27.
Basic EPS was ₹4.96 in Q2 FY27, compared with ₹1.33 in Q2 FY26 and ₹12.25 in Q1 FY27. The company’s board approved the unaudited standalone financial results for the quarter and half-year ended 30 September 2026 on 15 October 2026; the filing did not provide consolidated figures.
Revenue for the July–September 2026 quarter rose 13.0% from the year-ago quarter but fell 78.8% from Q1 FY27. Total income rose 47.4% from Q2 FY26 and fell 77.6% from Q1 FY27. The profit margin moved from 92.7% in Q1 FY27 to -177.0% in Q2 FY27, a decline of 269.7 percentage points.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2.86 | 13.49 | 2.53 | +13.0% | −78.8% |
| Other income | 0.28 | 0.51 | −0.40 | −45.1% | |
| Total expenses | 8.21 | 1.50 | 3.48 | +135.9% | +447.3% |
| Profit before tax | −5.06 | 12.50 | −1.36 | turned to loss | |
| Tax | 0 | 0 | 0 | ||
| Net profit | −5.06 | 12.50 | −1.36 | turned to loss | |
| EPS (₹) | −4.96 | 12.25 | −1.33 | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in BFL Asset Finvest's costs and profit?
Total expenses rose to ₹8.21 crore in Q2 FY27 from ₹3.48 crore in Q2 FY26, an increase of ₹4.73 crore or 135.9%. Employee cost fell ₹0.01 crore to ₹0.14 crore, while finance costs rose ₹0.21 crore to ₹0.26 crore and other expenses rose ₹0.14 crore to ₹0.24 crore. Depreciation was unchanged at ₹0 crore.
Other income rose to ₹0.28 crore from a negative ₹0.40 crore in Q2 FY26, an improvement of ₹0.68 crore. There was no exceptional item, and tax remained unchanged at ₹0 crore. Despite the higher other income and lower employee cost, the net loss widened to ₹5.06 crore from ₹1.36 crore as total expenses increased. The filing did not state a reason for the expense increase.
Against Q1 FY27, total expenses increased ₹6.71 crore to ₹8.21 crore. Employee cost was unchanged at ₹0.14 crore, finance costs fell ₹0.12 crore to ₹0.26 crore, and other expenses rose ₹0.02 crore to ₹0.24 crore. Other income fell ₹0.23 crore to ₹0.28 crore, while tax was unchanged at ₹0 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.14 | 0.15 | −0.01 | −6.7% |
| Finance costs | 0.26 | 0.05 | +0.21 | +420.0% |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.24 | 0.10 | +0.14 | +140.0% |
| Total expenses | 8.21 | 3.48 | +4.73 | +135.9% |
| Other income | 0.28 | −0.40 | +0.68 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, BFL Asset Finvest reported revenue of ₹16.35 crore, total income of ₹17.14 crore, profit before tax of ₹7.43 crore and net profit of ₹7.43 crore. Basic EPS was ₹7.29. Revenue was up 34.5% from ₹12.16 crore in H1 FY26, while total income rose 45.9% from ₹11.75 crore.
Net profit in H1 FY26 was ₹5.24 crore, so profit before tax and net profit each increased ₹2.19 crore, or 41.8%, in H1 FY27. Basic EPS rose by ₹2.15, or 41.8%, from ₹5.14. The company’s filing classified the first-half figures as standalone and unaudited.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 16.35 | 12.16 | +34.5% |
| Profit before tax | 7.43 | 5.24 | +41.8% |
| Net profit | 7.43 | 5.24 | +41.8% |
| EPS (₹) | 7.29 | 5.14 | +41.8% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
For H1 FY27, operating cash flow was negative ₹1.70 crore, compared with positive ₹1.55 crore in H1 FY26. Financing cash flow was positive ₹1.70 crore, compared with negative ₹1.48 crore a year earlier. Investing cash flow and capital expenditure were ₹0 crore in both periods, and closing cash was not given.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 34.54 | 24.77 |
| Total equity | 17.86 | 10.42 |
| Cash and equivalents | 0.08 | 0.08 |
| Inventories | 25.62 | 17.17 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.70 | 1.55 |
| Cash from investing | 0 | 0 |
| Cash from financing | 1.70 | −1.48 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has BFL Asset Finvest done over the last 8 quarters?
Revenue rose in each of the last two quarters on a year-on-year basis. It reached ₹13.49 crore in Q1 FY27 before falling to ₹2.86 crore in Q2 FY27; over the reported series, revenue was lowest at negative ₹0.13 crore in Q4 FY26 and highest at ₹13.49 crore in Q1 FY27. Profit followed a different path, moving from ₹12.50 crore in Q1 FY27 to a loss of ₹5.06 crore in Q2 FY27. EBITDA margin was not reported for the listed quarters.
How did BFL Asset Finvest shares react?
BFL Asset Finvest underperformed the industry median by 8.9 percentage points on the reaction day and by 9.4 percentage points by the next day’s close. Earlier reaction-day moves included 4.9% on 7 August 2026, -6.8% on 21 May 2026 and -9.7% on 11 November 2025.
| After the filing | Stock | Non Banking Financial Company (NBFC) median |
|---|---|---|
| Reaction day | −8.9% | +0.0% |
| Next day | −9.7% | −0.3% |
| 5 days | −12.6% | −4.6% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 7 August 2026 | +4.9% |
| 21 May 2026 | −6.8% |
| 23 January 2026 | −2.2% |
| 11 November 2025 | −9.7% |
| 29 July 2025 | +10.0% |
| 7 May 2025 | −2.0% |
| 9 August 2024 | +19.4% |
| 10 May 2024 | −14.3% |
Source: MarketPing price-reaction measurement.
How did other Non Banking Financial Company (NBFC) companies do?
Among 77 other Non Banking Financial Company companies compared for the quarter, the median revenue growth was 21.6%. Thirty peers grew more slowly than BFL Asset Finvest and 47 grew faster than the company. The comparison is based on the companies’ quarter revenue growth.
| BFL Asset Finvest revenue growth (YoY) | +13.0% |
|---|---|
| Median of 77 other Non Banking Financial Company (NBFC) companies | +21.6% |
| Companies with slower revenue growth than BFL Asset Finvest | 30 of 77 |
| Companies with faster revenue growth than BFL Asset Finvest | 47 of 77 |
| Companies whose net profit rose | 57 of 85 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was BFL Asset Finvest's revenue in Q2 FY27?
Revenue from operations was ₹2.86 crore, up 13.0% from ₹2.53 crore in Q2 FY26 (standalone).
Did BFL Asset Finvest make a profit in Q2 FY27?
No. It reported a net loss of ₹5.06 crore, against a net loss of ₹1.36 crore in Q2 FY26.
What was BFL Asset Finvest's EPS in Q2 FY27?
Basic loss per share was ₹4.96, against a loss of ₹1.33 in Q2 FY26.
How did BFL Asset Finvest shares react to the Q2 FY27 results?
On the reaction day the stock moved −8.9% from the previous close; the median Non Banking Financial Company (NBFC) stock moved +0.0%.
When did BFL Asset Finvest announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results Of The Company For The Quarter And Half Year Ended On September 30, 2026 (BSE, 7 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Meeting Of Board Of Directors Held On Thursday, October 15, 2026 Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') (BSE, 15 October 2026) · PDF
- Un-Audited Financial Results For The Quarter And Half Year Ended On September 30, 2026. (BSE, 15 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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