Belrise Industries Limited Approves Final Dividend, Raises Funds via QIP, and Provides Quarterly Financial Results
Belrise Industries Limited announced on May 24, 2026, that its Board of Directors held a meeting approving several key corporate actions, including recommending a final dividend, planning for a major capital raise, and providing the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.The Board meeting considered and approved the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The Board also reviewed the Auditor's Report concerning these results and issued a declaration regarding the unmodified opinion of the Statutory Auditors.
Dividend Recommendation and Corporate Guarantee
In a move to return value to its owners, the Board recommended a final dividend of Rs. 0.55 (@ 11%) per equity share for the financial year ending March 31, 2026. This payment is subject to the approval of the Company's members at the ensuing Annual General Meeting.Furthermore, the Board approved the provision of a corporate guarantee up to EUR 3,300,000 (Euro Three Million Three Hundred Thousand only). This guarantee is related to the External Commercial Borrowing (ECB) facility proposed to be availed by Belrise Defence and Aerospace Private Limited, the wholly owned subsidiary of the Company, representing 110% of the ECB facility amount.
Fundraising and Shareholder Approvals
The company plans to raise funds aggregating up to INR 20,000.00 Million. This capital will be raised through the issuance of equity shares or other equity-linked instruments as permissible under applicable laws, conducted via a Qualified Institutions Placement (QIP). The Board also noted the necessity of a postal ballot notice to seek shareholder approval for the fund raising and other related matters.Financial Performance Highlights
The company released comprehensive financial data, including the Profit and Loss Statement, Balance Sheet, and Cash Flow Statement, for the period ending March 31, 2026.Statement of Audited Standalone and Consolidated Financial Results (All amounts in ¥ Million, except per share data)
| Particulars | Standalone Quarter Ended 31/03/2026 (Audited) | Standalone Quarter Ended 31/12/2025 (Unaudited) | Standalone Quarter Ended 31/03/2025 (Audited) | Standalone Current Year Ended 31/03/2026 (Audited) | Standalone Previous Year Ended 31/03/2025 (Audited) | Consolidated Quarter Ended 31/03/2026 (Audited) | Consolidated Quarter Ended 31/12/2025 (Unaudited) | Consolidated Quarter Ended 31/03/2025 (Audited) | Consolidated Current Year Ended 31/03/2026 (Audited) | Consolidated Previous Year Ended 31/03/2025 (Audited) |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 21,069.63 | 18,213.99 | 17,991.14 | 75,283.30 | 65,938.07 | 25,528.30 | 23,405.24 | 22,743.48 | 95,091.02 | 82,908.16 |
| Other income | 191.30 | 330.27 | 122.67 | 950.88 | 647.76 | 201.10 | 336.84 | 102.95 | 1,097.58 | 616.31 |
| Total Income | 21,260.93 | 18,544.26 | 18,113.81 | 76,234.19 | 66,585.83 | 25,729.39 | 23,742.08 | 22,846.42 | 96,188.60 | 83,524.48 |
| Cost of materials consumed | 16,648.68 | 14,212.65 | 14,050.29 | 59,075.74 | 51,414.69 | 17,065.61 | 14,573.01 | 14,050.29 | 60,537.60 | 51,414.69 |
| Changes in stock of finished goods, stock-in-trade & worl-in- progress | (55.11) | 40.44 | 9.80 | (112.69) | (24.72) | 134.46 | (249.98) | (7.03) | 43.82 | (395.30) |
| Purchase of Stock-in-trade | - | - | - | - | - | 3,428.96 | 4,602.18 | 4,437.64 | 16,217.43 | 16,096.66 |
| Employee benefits expense | 825.29 | 767.45 | 679.30 | 3,090.84 | 2,931.81 | 915.21 | 843.62 | 681.35 | 3,405.26 | 2,938.10 |
| Finance costs | 340.22 | 309.77 | 443.51 | 1,601.55 | 2,281.27 | 454.99 | 502.40 | 641.02 | 2,316.72 | 3,074.39 |
| Depreciation and amortisation expense | 872.45 | 886.69 | 826.85 | 3,441.88 | 3,292.51 | 915.14 | 928.89 | 828.11 | 3,609.50 | 3,207.56 |
| Other expenses | 843.92 | 625.04 | 707.69 | 2,702.59 | 2,464.18 | 1,082.77 | 767.10 | 82143 | 3,349.23 | 2,642.62 |
| Total Expenses | 19,475.45 | 16,842.04 | 16,717.45 | 69,799.92 | 62,359.75 | 23,997.14 | 21,967.21 | 21,452.82 | 89,479.57 | 79,068.72 |
| Profit before exceptional item (I-1) | 1,785.48 | 1,702.21 | 1,396.37 | 6,434.27 | 4,226.09 | 1,732.25 | 1,774.87 | 1,393.61 | 6,709.03 | 4,455.76 |
| Exceptional items / Share in the Profit / (Loss) of Associates | (12.73) | 64.08 | - | 5136 | e | (12.73) | 64.08 | - | 51.36 | - |
| Profit before tax (III-IV) | 1,798.21 | 1,638.13 | 1,396.37 | 6,382.91 | 4,226.09 | 1,744.98 | 1,710.79 | 1,393.61 | 6,657.68 | 4,455.76 |
| Total Tax expenses | 435.56 | 470.64 | 293.44 | 1,598.87 | 901.33 | 442.73 | 491.05 | 293.44 | 1,689.08 | 901.33 |
| Profit/(Loss) for the period (V-VI) | 1,362.65 | 1,167.49 | 1,102.93 | 4,784.04 | 3,324.76 | 1,302.25 | 1,219.73 | 1,100.17 | 4,968.60 | 3,654.43 |
Statement of Audited Standalone and Consolidated Assets and Liabilities (All amounts in ¥ Million, except per share data)
| Particulars | Standalone As at 31/03/2026 (Audited) | Standalone As at 31/03/2025 (Audited) | Consolidated As at 31/03/2026 (Audited) | Consolidated As at 31/03/2025 (Audited) |
|---|---|---|---|---|
| NON-CURRENT ASSETS | ||||
| Property, Plant and Equipment | 27,445.46 | 25,478.67 | 28,348.90 | 26,453.30 |
| Capital Work-in-Progress | 2,397.85 | 2,630.89 | 2,397.85 | 2,630.89 |
| Goodwill | - | - | 16.77 | 16.77 |
| Other Intangible assets | 6.84 | 8.36 | 8.76 | 10.13 |
| Right of Use Asset | 1,714.45 | 1,552.57 | 2,665.93 | 2,518.13 |
| Investments in subsidiaries | 2,613.10 | 2,449.78 | ||
| Investments | 1,130.33 | 1,088.15 | 1,130.33 | 1,088.15 |
| Loans and advances | 294.30 | 313.76 | 181.27 | 314.95 |
| Other Financial Assets | 504.12 | 809.82 | 525.11 | |
| Other non-current assets | 1,935.85 | 1,235.46 | 2,048.38 | 1,038.23 |
| Total Non - Current Assets | 38,042.30 | 35,567.45 | 37,323.29 | 35,420.55 |
| CURRENT ASSETS | ||||
| Inventories | 8,528.75 | 6,888.47 | 9,192.01 | 7,697.31 |
| Investments, Trade Receivables | 12,394.90 | 10,450.92 | 17,536.52 | 15,911.29 |
| Cash and Cash Equivalents | 7,497.53 | 241.04 | 8,060.08 | 773.30 |
| Bank Balances other than (iii) above | 353.48 | 715.84 | 353.48 | 716.04 |
| Loans and advances | 1,836.03 | 2,860.27 | 1,941.70 | 2,822.21 |
| Other current assets | 2.18 | 10.44 | 15.82 | 11.97 |
| Total - Current Assets | 40,687.31 | 29,612.65 | 48,174.57 | 36,834.29 |
| Total Assets | 78,729.61 | 65,180.11 | 85,497.86 | 72,254.85 |
| EQUITY AND LIABILITIES | ||||
| EQUITY | ||||
| Equity Share Capital | 4,449.40 | 3,254.95 | 4,449.40 | 3,254.95 |
| Other equity | 46,385.92 | 22,515.49 | 47,813.45 | 23,712.38 |
| Equity Attributable to Equity Share Holders of Parent | 50,835.32 | 25,770.44 | 52,262.85 | 26,967.33 |
| Total Equity | 50,835.32 | 25,770.44 | 52,262.85 | 27,131.86 |
| NON-CURRENT LIABILITIES | ||||
| Financial Liabilities | 7,501.80 | 16,493.60 | 7,501.80 | 16,493.60 |
| Other financial liabilities | 211.18 | 273.15 | 211.13 | 273.15 |
| Provisions | 83.62 | 79.55 | 139.70 | 128.02 |
| Deferred tax liabilities & Other non-current liabilities | 167.31 | 69.92 | 353.44 | 258.87 |
| Total Non - Current Liabilities | 8,546.92 | 17,323.94 | 8,811.92 | 17,583.22 |
| CURRENT LIABILITIES | ||||
| Borrowings | 4,072.17 | 9,944.21 | 6,889.08 | 12,503.13 |
| Lease Liabilities | 338.43 | 282.58 | 339.58 | 283.62 |
| Trade payables a) Total outstanding | 11,880.47 | 8,535.32 | 13,182.44 | 10,657.05 |
| dues of micro and small enterprises b) | 8,142.89 | 7,362.98 | 8,175.47 | 7,370.61 |
| Total outstanding dues of creditors other than micro and small | 3,737.58 | 1,172.34 | 5,006.97 | 3,286.45 |
| Other financial liabilities | 908.82 | 2,407.31 | 936.60 | 2,441.31 |
| Provisions | 28.66 | 25.24 | 206.91 | 283.76 |
| Current tax liabilities | 728.05 | 184.61 | 791.98 | 152.05 |
| Other current liabilities | 1,390.78 | 706.45 | 2,076.49 | 1,218.85 |
| Total Equity and Liabilities | 78,729.61 | 65,180.11 | 85,497.86 | 72,254.85 |
Statement of Audited Standalone and Consolidated Cash Flows (All amounts in 2 Million, except per share data)
| PARTICULARS | Standalone Consolidated For the year ended 31/03/2026 (Audited) | Standalone Consolidated For the year ended 31/03/2025 (Audited) | Standalone Consolidated For the year ended 31/03/2026 (Audited) | Standalone Consolidated For the year ended 31/03/2025 (Audited) |
|---|---|---|---|---|
| CASH INFLOW FROM OPERATING ACTIVITIES | ||||
| Profit before tax | 6,382.91 | 4,226.00 | 6,657.68 | 4,455.76 |
| Adjustments to reconcile profit before tax to cash provided by operating activities | ||||
| Depreciation and amortisation expense | 3,441.88 | 3,202.51 | 3,609.50 | 3.297.56 |
| Finance Costs | 1,601.55 | 2,281.27 | 2,316.72 | 3,074.39 |
| Interest, Rent and dividend income | (381.14) | (420.97) | (461.18) | (418.66) |
| Profit on Sale of Investment | - | (0.35) | < | (0.35) |
| Profit on sale of property, plant & equipment | 2.07) | 6.08) | 2.74) | (6.08) |
| Effect of Other comprehensive income | 34.17 | (5.96) | 37.50 | (5.96) |
| Unrealised Exchange (gain)/ loss | B | - | 100.95 | 16.98 |
| Changes in assets and liabilities | ||||
| Increase/Decrease in Inventories | (1,640.27) | (952.58) | (1,494.70) | (1,538.21) |
| Increase/(Decrease) in Trade Receivables | (1,943.98) | (2,456.96) | (1,625.23) | (3.632.60) |
| Increase/Decrease in Other Non Current Assets | 61.83 | (139.72) | 63.84 | (254.26) |
| Increase/(Decrease) in Other Non Current Financials Assets | 305.70 | (33.34] | 513.12 | 261.75) |
| Increase/(Decrease) in Other Current Assets Financials | (1,266.41) | 162.57 | (1,810.22) | (292.88) |
| Increase/(Decrease) in Other Current Assets | (2.18) | . | (0.73) | (1.45) |
| Increase/(Decrease) in Trade Payables | 3,345.15 | 1,756.68 | 2,525.39 | 2,766.46 |
| Increase/(Decrease) in Other Current financial liabilities | (1,498.50) | 1,624.82 | (1,504.71) | 1,658.81 |
| Increase/(Decrease) in Other Non-Current financial liabilities | (7.07) | (1,083.78] | (7.07) | (1,083.78) |
| Increase/(Decrease) in Other Liabilities | 684.33 | (518.22) | 857.64 | 6.71) |
| Increase/(Decrease) in Long Term Provisions | 15.56 | 516.86 | 563.08 | 25448 |
| Increase/(Decrease) in Short Term Provisions | 17.05 | (222.29) | 254.48 | 2.10 |
| Sub Total | 9,678.33 | 7,520.75 | 10,362.01 | 8,023.85 |
| Income taxes paid | (1,512.97) | (979.90) | (1,606.00) | 979.90) |
| NET CASH GENERATED BY OPERATING ACTIVITIES | 8,165.36 | 6,540.85 | 8,756.01 | 7,043.95 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Payment towards capital expenditure | (5,568.26) | (6,397.64) | (5,650.09) | (7,382.15) |
| Realisation of long-term loans and advances from subsidiaries/associates/business ventures | 1,043.70 | (560.02) | 1,014.19 | (559.62) |
| Right-of-use | (527.87) | (320.45) | (527.87) | (1,295.01) |
| Purchase of Current Investment | 10.44 | (0.27) | 10.44 | (0.27) |
| Interest accrued on fixed deposits | = | = | (13.56) | (0.08) |
| Disposal of other investments Interest, Rent and dividend income | (205.50) | (3,326.71) | (42.18) | (992.94) |
| NET CASH PROVIDED/(USED IN) INVESTING ACTIVITIES | (4,866.37) | (10,193.12) | (4,747.89) | (9,811.41) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Proceeds from long-term borrowings | (12,346.59) | 4,507.31 | (12,346.59 | 2,008.71 |
| Proceeds from short-term borrowings | (3,366.92) | 491.07 | (3,108.91) | 3,049.99 |
| Proceeds from Unsecured Loan | 849.66 | (561.81) | 849.66 | (561.81) |
| Proceeds from Equity Share Capital | 1,194.44 | s | 1,194.44 | - |
| Lease Liabilities | 176.25 | (14.56) | 177.30 | 8.34 |
| Special Capital Incentives Received Shares | - | 5 | B | - |
| Proceeds from Issue of Proceeds from Goodwill | = | = | (164.53) | 164.53 |
| Proceeds for Dividend | (489.43) | - | (489.43) | - |
| Proceeds from Other Equity | 2 | e | (58.19) | - |
| Proceeds from Security Premium Reserve | 10,541.65 | E | ||
| NET CASH GENERATED BY FINANCING ACTIVITIES | (1,601.55) | 3,957.50 | (2,316.72) | 3,278.67 |
***
Note: The financial statements reported are for the period ended March 31, 2026, and the quarterly results are subject to an unqualified (unmodified) opinion from the Statutory Auditors.
BELRISE Stock Price Movement
On Friday, Belrise Industries Limited shares edged higher, closing at ₹216.36, marking a gain of 1.79%. Trading volume totaled 4.25 million shares during the session, signaling strong investor interest.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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