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BSL Q4 FY25 results: net profit down 88.9% to ₹0.28 crore, revenue down 0.5%
BSL Limited reported standalone Q4 FY25 revenue of ₹155.50 crore and net profit of ₹0.28 crore, with EBITDA margin at 8.0%. Revenue fell 8.4% from Q3 FY25, while profit declined 90.8%; for FY25, revenue was ₹667.06 crore and net profit was ₹8.16 crore.
Key points
- Q4 FY25 standalone revenue was ₹155.50 crore, down 8.4% from Q3 FY25 and 0.5% from Q4 FY24.
- EBITDA was ₹12.44 crore, down 23.4% from Q3 FY25, with margin declining 1.6 percentage points to 8.0%.
- Q4 net profit was ₹0.28 crore, down 90.8% from Q3 FY25 and 88.9% from Q4 FY24; basic EPS was ₹0.28.
- For FY25, revenue was ₹667.06 crore, up 0.1%, while net profit was ₹8.16 crore, down 27.3%.
- The board recommended a dividend of 8%, or ₹0.8 per equity share, subject to shareholder approval.
How did BSL perform in Q4 FY25?
BSL’s standalone revenue for Q4 FY25 was ₹155.50 crore, compared with ₹169.78 crore in Q3 FY25 and ₹156.34 crore in Q4 FY24. EBITDA was ₹12.44 crore, against ₹16.24 crore in Q3 FY25 and ₹16.41 crore in Q4 FY24. EBITDA margin declined 1.6 percentage points from the previous quarter to 8.0%, and was 2.5 percentage points below the year-ago quarter. These figures are standalone; no consolidated figures were given.
The company reported net profit of ₹0.28 crore in Q4 FY25, compared with ₹3.05 crore in Q3 FY25 and ₹2.52 crore in Q4 FY24. Basic EPS was ₹0.28, against ₹2.96 in the previous quarter and ₹2.45 in the year-ago quarter. Profit before tax was ₹0.21 crore, compared with ₹3.94 crore in Q3 FY25 and ₹2.99 crore in Q4 FY24.
| ₹ crore | Q4 FY25 | Q3 FY25 | Q4 FY24 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 155.50 | 169.78 | 156.34 | −0.5% | −8.4% |
| Other income | 0.05 | 0.13 | 0.06 | −16.7% | −61.5% |
| Total expenses | 155.34 | 165.98 | 153.40 | +1.3% | −6.4% |
| EBITDA | 12.44 | 16.24 | 16.41 | −24.2% | −23.4% |
| EBITDA margin | 8.0% | 9.6% | 10.5% | −2.5 pp | −1.6 pp |
| Profit before tax | 0.21 | 3.94 | 2.99 | −93.0% | −94.7% |
| Tax | −0.07 | 0.89 | 0.47 | ||
| Net profit | 0.28 | 3.05 | 2.52 | −88.9% | −90.8% |
| EPS (₹) | 0.28 | 2.96 | 2.45 | −88.6% | −90.5% |
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 BSL's costs and profit?
Total expenses were ₹155.34 crore, up ₹1.94 crore or 1.3% from Q4 FY24. Cost of materials rose ₹2.89 crore or 3.3% to ₹89.99 crore, and employee cost rose ₹1.30 crore or 5.7% to ₹23.91 crore. Finance costs declined ₹1.19 crore or 13.1% to ₹7.88 crore, depreciation fell ₹0.01 crore or 0.2% to ₹4.39 crore, and other expenses declined ₹0.88 crore or 2.5% to ₹33.88 crore.
Other income was ₹0.05 crore, down ₹0.01 crore from Q4 FY24, while tax was ₹0.07 crore, down ₹0.54 crore. There was no exceptional item in either quarter. Management attributed the Q4 revenue decline to seasonal softness in demand and said lower realisation in high-margin products and increased raw material prices were the main reasons PAT was ₹0.3 crore.
| ₹ crore | Q4 FY25 | Q4 FY24 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 89.99 | 87.10 | +2.89 | +3.3% |
| Employee cost | 23.91 | 22.61 | +1.30 | +5.7% |
| Finance costs | 7.88 | 9.07 | −1.19 | −13.1% |
| Depreciation | 4.39 | 4.40 | −0.01 | −0.2% |
| Other expenses | 33.88 | 34.76 | −0.88 | −2.5% |
| Total expenses | 155.34 | 153.40 | +1.94 | +1.3% |
| Other income | 0.05 | 0.06 | −0.01 | −16.7% |
| Tax | −0.07 | 0.47 | −0.54 |
Source: Company's results filing (XBRL).
How did BSL do in FY25 as a whole?
For FY25, standalone revenue was ₹667.06 crore, up from ₹666.45 crore in FY24, while total income was ₹667.78 crore against ₹667.21 crore. Revenue increased 0.1% and total income rose 0.1%. Profit before tax was ₹10.72 crore, down from ₹14.93 crore, and net profit was ₹8.16 crore, down from ₹11.23 crore.
Basic EPS for FY25 was ₹7.93, compared with ₹10.91 in FY24. Net profit declined 27.3% and profit before tax declined 28.2%. Management said FY25 revenue was consistent with the previous year despite global challenges and shifting export demand.
| ₹ crore | FY25 | FY24 | Change |
|---|---|---|---|
| Revenue from operations | 667.06 | 666.45 | +0.1% |
| Profit before tax | 10.72 | 14.93 | −28.2% |
| Net profit | 8.16 | 11.23 | −27.3% |
| EPS (₹) | 7.93 | 10.91 | −27.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2025, total assets were ₹626.75 crore, against ₹603.87 crore at 30 September 2024. Total equity was ₹119.27 crore versus ₹116.1 crore, and borrowings were ₹421.28 crore versus ₹414.64 crore. Cash was ₹0.07 crore, compared with ₹0.37 crore; inventories rose to ₹240.48 crore from ₹185.94 crore, trade receivables fell to ₹131.11 crore from ₹153.97 crore, and trade payables rose to ₹45.02 crore from ₹24.94 crore.
For FY25, operating cash flow was ₹57.01 crore, compared with negative ₹39.47 crore in FY24. Investing cash flow was negative ₹11.31 crore against negative ₹20.36 crore, and financing cash flow was negative ₹45.71 crore against ₹59.78 crore. Capital expenditure was ₹12.42 crore in FY25, down from ₹22.54 crore in FY24.
| ₹ crore | As of 31 March 2025 | As of 30 September 2024 |
|---|---|---|
| Total assets | 626.75 | 603.87 |
| Total equity | 119.27 | 116.10 |
| Borrowings | 421.28 | 414.64 |
| Cash and equivalents | 0.07 | 0.37 |
| Inventories | 240.48 | 185.94 |
| Trade receivables | 131.11 | 153.97 |
Source: Company's results filing (XBRL).
| ₹ crore | FY25 | FY24 |
|---|---|---|
| Cash from operations | 57.01 | −39.47 |
| Cash from investing | −11.31 | −20.36 |
| Cash from financing | −45.71 | 59.78 |
| Capital expenditure | 12.42 | 22.54 |
Source: Company's results filing (XBRL).
How has BSL done over the last 8 quarters?
Revenue peaked at ₹178.69 crore in Q2 FY24 and reached ₹178.06 crore in Q2 FY25. It then fell to ₹169.78 crore in Q3 FY25 and ₹155.50 crore in Q4 FY25, the lowest level in the eight-quarter series shown. The current direction was therefore lower on both sequential and year-ago comparisons.
Net profit was highest at ₹3.92 crore in Q3 FY24 and stood at ₹3.05 crore in Q3 FY25 before falling to ₹0.28 crore in Q4 FY25, the lowest quarterly profit in the series. EBITDA margin peaked at 10.5% in Q3 FY24 and Q4 FY24, then fell to 9.6% in Q3 FY25 and 8.0% in Q4 FY25, the lowest margin shown.
What else did the company announce?
The board approved the audited standalone financial results for the quarter and year ended 31 March 2025, along with the statement of assets and liabilities and the cash flow statement. The statutory auditors issued an unmodified opinion on the standalone results.
The board recommended a final dividend at 8%, or ₹0.8 per equity share of ₹10 face value, for FY25, subject to shareholder approval at the forthcoming Annual General Meeting. Payment or dispatch is to occur within 30 days of declaration at that meeting. The board also approved the reappointment of A.L. Chechani & Co., Chartered Accountants, as internal auditors for FY26 on the recommendation of the audit committee.
How did BSL shares react?
The filing was released after market hours, and the stock closed 2.0% below its pre-results close on the first session that could trade the news. By the next day's close, it was 4.0% below that pre-results close, and by five sessions later, it was 11.4% lower. The Nifty Microcap 250 rose 0.7% on the reaction day, 1.2% by the next close and 2.1% by the five-session close.
The Other Textile Products industry median was unchanged on the reaction day and the next day, and rose 0.1% by five sessions. BSL’s move was 2.0 percentage points below the industry median on the reaction day, 4.0 percentage points below it by the next close and 11.5 percentage points below it by five sessions. Earlier reaction-day moves were 9.2% lower on 13 February 2025, 4.7% lower on 14 November 2024, 8.7% higher on 5 August 2024 and 0.4% lower on 20 May 2024.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| Reaction day | −2.0% | +0.0% |
| Next day | −4.0% | +0.0% |
| 5 days | −11.4% | +0.1% |
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 |
|---|---|
| 13 February 2025 | −9.2% |
| 14 November 2024 | −4.7% |
| 5 August 2024 | +8.7% |
| 20 May 2024 | −0.4% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 173 Other Textile Products companies compared for revenue growth, the median was 3.4%. BSL’s revenue declined 0.5% year on year: 76 peers grew more slowly than BSL, while 97 grew faster. These counts exclude BSL from the peer groups.
Profit rose for 105 of the 195 peers for which profit was compared. The peer set covered companies in Other Textile Products and was recorded as of 6 November 2026.
| BSL revenue growth (YoY) | −0.5% |
|---|---|
| Median of 173 other Other Textile Products companies | +3.4% |
| Companies with slower revenue growth than BSL | 76 of 173 |
| Companies with faster revenue growth than BSL | 97 of 173 |
| Companies whose net profit rose | 105 of 195 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was BSL's revenue in Q4 FY25?
Revenue from operations was ₹155.50 crore, down 0.5% from ₹156.34 crore in Q4 FY24 (standalone).
Did BSL make a profit in Q4 FY25?
Yes. Net profit was ₹0.28 crore, against a net profit of ₹2.52 crore in Q4 FY24.
What was BSL's EPS in Q4 FY25?
Basic earnings per share were ₹0.28, against ₹2.45 in Q4 FY24.
How did BSL shares react to the Q4 FY25 results?
On the reaction day the stock moved −2.0% from the previous close; the median Other Textile Products stock moved +0.0%.
When did BSL announce its Q4 FY25 results?
On 22 May 2025, in a filing to the NSE.
Sources
- Board Meeting Intimation for Audited Financial Results For Quarter And Year Ended 31St March, 2025 And To Consider The Recommendation Of Dividend, If Any, For The Financial Year 2024-25. (BSE, 3 May 2025) · PDF
- Outcome of Board Meeting (NSE, 22 May 2025) · PDF
- General Updates (NSE, 22 May 2025) · PDF
- Outcome of Board Meeting (NSE, 22 May 2025) · 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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.