BF Utilities Q2 FY27 Results: Standalone Net Loss ₹2.52 Crore on Total Income of ₹7.19 Crore
- Earnings
- wind power and infrastructure
Reviewed byRachit TripathiBlacklitt Research
BF Utilities (NSE: BFUTILITIE) reported a standalone net loss of ₹2.52 crore for the quarter ended 30 Sep 2026, on total income of ₹7.19 crore, against a profit of ₹1.79 crore a year earlier, it said in a filing on 06 Nov 2026. The auditor issued a qualified conclusion on the results.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹7.19 crore, down 20.6% YoY and up 8.9% QoQ
- Net profit: Loss of ₹2.52 crore, against a profit of ₹1.79 crore in Q2 FY26 and a loss of ₹5.03 crore in Q1 FY27
- Other income: ₹0.68 crore, 9.5% of total income, down 36.4% YoY
- Arbitration claims: Claimants seek damages of ₹500 crore plus 18% IRR; the company says the claims lack merit
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 7.19 | 9.05 | -20.6% | 6.60 | +8.9% | |
| Revenue from operations | 6.51 | 7.98 | -18.4% | 5.88 | +10.7% |
| Other income | 0.68 | 1.07 | -36.4% | 0.72 | -5.6% |
| -2.52 | 1.79 | n/a | -5.03 | +49.9% | |
| Finance costs | 0.00 | 0.00 | n/a | 0.00 | n/a |
| Depreciation | 0.14 | 0.17 | -17.6% | 0.14 | 0.0% |
| Tax expense | -0.03 | 0.79 | n/a | 0.02 | n/a |
| Net profit margin | -35.05% | 19.78% | -54.83 pp | -76.21% | +41.16 pp |
| EPS, basic (₹) | 0.66 | 0.47 | +40.4% | n/a | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The company has given ₹37 crore to NECE, a step-down subsidiary, as an advance for land parcels. The auditor says this interest-free advance has been outstanding for more than fifteen years and that it cannot ascertain the present status of its utilisation. The company says the advance is good and recoverable.
The results also carry the auditor's concern about NHDL. Its toll operations ended with effect from 7 Sep 2024 at the end of the concession term. The auditor reports a material uncertainty about NHDL's ability to continue as a going concern after the toll contract was not renewed, and says it cannot ascertain whether an impairment provision is needed on the company's ₹26.07 crore equity investment in NHDL.
Inference
The filing does not say what provision would be needed if the arbitration claims were awarded, or when the tribunal is expected to rule.
Filed with BSE on . Reference: Original filing (PDF)
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