BF Utilities Limited Announces Financial Results for March Quarter and Year End 2026
BF Utilities Limited released its financial results for the quarter and year ended March 31, 2026. The company's Board of Directors approved the audited standalone financial results and the corresponding auditors' report.The company's financial performance data highlights the following key figures for the period ending March 31, 2026, compared to the previous year.
Financial Performance Overview (Rs. in Lakhs)
The consolidated figures show the total revenue and profitability before exceptional items:| Particulars | 31st March, 2026 (Audited) | 31st March, 2025 (Audited) |
|---|---|---|
| Revenue from operations | 166.56 | 1858.36 |
| Other income | 84.39 | 2309.87 |
| Total revenue | 250.95 | 4168.23 |
| Total expenses | 715.19 | 2017.88 |
| Profit/ (Loss) before tax and exceptional items | (464.24) | 2150.35 |
| Profit/ (Loss) before tax | (335.11) | 2150.35 |
| Profit/(Loss) for the period | (364.06) | 1598.32 |
| Total Comprehensive Income/ (Loss) for the period | (361.57) | 1599.96 |
The company reported an Earnings per Share of 0.59 for the quarter (Basic & Diluted, not annualised) and 4.24 for the previous year.
Segment Revenue and Profitability
The segment-wise performance demonstrates the revenue and profit contribution of the key operational areas:| Segment | Quarter ended 31st March, 2026 | Year ended 31st March, 2026 | Quarter ended 31st March, 2025 | Year ended 31st March, 2025 |
|---|---|---|---|---|
| Wind Mills (Net Revenue) | 250.92 | 335.45 | 2291.19 | 4168.06 |
| Infrastructure (Net Revenue) | 0.00 | 335.45 | 1927.18 | 4168.06 |
| Total Net Revenue | 250.92 | 3334.07 | 4168.06 | |
| Wind Mills (Profit/Loss) | (41.17) | 48.62 | 314.06 | |
| Infrastructure (Profit/Loss) | (369.23) | (12.06) | 1897.66 | |
| Total Profit/(Loss) before tax and exceptional items | (464.24) | 26.29 | 2150.35 |
Standalone Financial Position
As of March 31, 2026, the company's standalone total assets were Rs. 20,196.56 lakhs, compared to Rs. 20,850.33 lakhs recorded on the same date in the previous year.The company's total equity and liabilities stood at Rs. 20,196.56 lakhs. Shareholders' funds were Rs. 16,657.72 lakhs, comprising Rs. 14,774.34 lakhs in Equity share Capital and Rs. 1,883.38 lakhs in Other Equity.
Audit Qualification Report
The statutory auditors issued a Qualified Opinion on the standalone financial results for the quarter and year ended March 31, 2026. The qualification is based on several material issues noted in the financials:1. Arbitration Proceedings (NECE): The auditors highlighted the notice of arbitration filed by investors of Nandi Economic Corridor Enterprises Ltd. (NECE) before the Singapore International Arbitration Centre (SIAC). The claim involves damages for an amount equal to an investment of Rs. 500 Crore along with 18% IRR thereon from the date of investment, and seeks damages concerning NECE's shares for a sum of INR 70.90 Crores. The auditors stated that the impact of these claims could be material and pervasive, requiring a qualified conclusion.
2. NHDL Impairment: The auditors questioned the need for provisioning for impairment of Company's investments in equity shares of Nandi Highway Developers Limited (NHDL). This arose because NHDL's toll operations concluded on September 07, 2024, meaning there is no operating revenue after the completion of the concession agreement.
3. NECE Advance Impairment: The report also noted an interest-free advance of Rs. 37 crores given to NECE for land parcel acquisition, which has been outstanding for more than fourteen years. Given the substantial delay in land allotment, the auditors stated they were unable to ascertain the nature and present status of the advance's utilization.
BFUTILITIE Stock Price Movement
On Wednesday, shares of BF Utilities Limited edged higher, settling at ₹571.05 after gaining 0.02%. The stock traded on a volume of 65,129 shares, finishing near its day's high of ₹573.8.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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