AI assistant
BPL Ltd. Interim / Quarterly Report 2025
60260_rns_2025-12-15_e644c835-89af-4887-aa63-7ab96657ef25.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
BPL Limited
Dynamic House, 64 Church Street Post Box No. 5194 Bengaluru • 560 001, India. Ph : +91-a0-2532 7985, 2558 9109 E-mail : [email protected]; Website : WWW.bpi.In CIN: L28997KL1963PLC002015
12th Nov 2025
| The Manager -Listing, | The Manager -Listing |
|---|---|
| CorporateRelationship | National Stock Exchange of India |
| Department | Ltd., |
| Bombay Stock Exchange Ltd | Exchange Plaza, C-1, Block G, |
| Phiroze Jeejeebhoy Towers | Bandra Kurla Complex, |
| Dalal Street | Bandra (E) |
| Mumbai-400001 | Mumbai-400 051 |
| Scrip code -500074 | Trading Symbol -BPL |
| ---- | --------------------------- |
Subject: Outcome of the Board Meeting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule Ill of the said Regulations
Dear Sir/Madam,
- Integrated financial Results for the quarter ended 30th September 2025, in terms of SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31st December 2024 read with BSE Circular No. 20250102-1 and NSE Circular No. NSE/CML/2025/02 dated 2nd January 2025.
This is with reference to Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule Ill of the said Regulations ("Listing Regulations"), we wish to inform you that the Board of Directors of the Company has at its meeting held today i.e. on Wednesday, 12th November, 2025, inter-alia approved the following:
• Un-audited Financial Results for the Second quarter (Q2) ended 30th Sept 2025 (both Standalone and Consolidated) along with Limited Review Report by the Statutory Auditors.
......_
BPL Limited Dynamic House, 64 Church Street Post Box No. 5194 Bengaluru - 560 001, India. Ph : +9l-80-2532 7985, 2558 9109 E-mail : [email protected]; Website : www.bpl.ln CIN:L28997Kl1963PLC002015
The said Unaudited Financial Results were recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held. The Limited Review Report was also noted by the Board at the said meeting.
The meeting commenced at 11.00 A.M and concluded at 3.45 P.M.
We request you to kindly take the above on records and acknowledge receipt thereof.
Thanking you,
Very truly yours,
BPL Limited
~~ Divya Bhardwaj Company Secretary and Compliance Officer
Encl: a/a
BPL Limited. Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - Lt8997KL1963PLC002015 E-mail:[email protected],llRL:www.bpllimited.com, Tel: No.+918025589109 Statement of Standalone unaudited Financial Results for Quarter end and half year ended 30 Sep 2025
| For Quarter Ended | For six month Ended | For the year ended | |||||
|---|---|---|---|---|---|---|---|
| Sl. nos | Particulars | 30-09-2025(Unaudited) | 30-06-2025(Unaudited) | 30-09-2024(Unaudited) | 30-09-2025(Unaudited) | 30-09-2024(Unaudited) | 31-03-2025(Audited) |
| REVENUE | |||||||
| Revenue from operations | 1,983.90 | 1,947.70 | 2,091.53 | 3,931.60 | 4,030.23 | 7,835.86 | |
| $\mathcal{I}$ | Other Income (net) | 16.27 | 37.23 | 5.57 | 53.49 | 944.33 | 5,838.45 |
| Ш | Total Income (I+II) | 2,000.17 | 1,984.93 | 2,097.10 | 3,985.10 | 4,974.56 | 13,674.31 |
| IV | EXPENSES | ||||||
| Cost of material consumed | 1,233.46 | 1,092.01 | 1,023.74 | 2,325.47 | 2,096.47 | 4,039.74 | |
| Changes in inventories of finished goods.Stock-in-Trade and work-in-progress | 16.98 | (74.02) | (11.11) | (57.04) | (103.87) | (37.40) | |
| Employee benefits expense | 265.43 | 261.00 | 244.42 | 526.43 | 545.88 | 999.14 | |
| Finance costs | 29.74 | 38.27 | 28.93 | 68.01 | 54.45 | 198.61 | |
| Depreciation and amortization expense | 60.71 | 59.85 | 54.40 | 120.56 | 107.65 | 229.03 | |
| Other expenses | 413.55 | 333.63 | 347.84 | 747.18 | 522.12 | 1,582.33 | |
| Total Expenses | 2,019.87 | 1,710.75 | 1,688.22 | 3,730.61 | 3,222.70 | 7,011.44 | |
| V | Profit/(loss) before exceptional itemsand tax (III-IV) | (19.70) | 274.18 | 408.88 | 254.48 | 1,751.86 | 6,662.86 |
| Exceptional items (non-recurring cost) | 0.00 | 0.00 | 0.00 | 0.00 | 6,614.43 | ||
| VI | Profit/(loss) before tax | (19.70) | 274.18 | 408.88 | 254.48 | 1,751.86 | 48.44 |
| VII | Tax Expense: | ||||||
| $(1)$ Current Tax | i. | 47.90 | 71.44 | 44.46 | 306.09 | 105.00 | |
| (2) MAT Credit Availed | (47.90) | (71.44) | (44.46) | (306.09) | |||
| (3) Deferred Tax | $\equiv$ | (97.34) | |||||
| VIII | Profit (Loss) for the period fromcontinuing operations (VI-VII) | (19.70) | 274.18 | 408.88 | 254.48 | 1,751.86 | 40.77 |
| IX | Profit/(loss) for the period | (19.70) | 274.18 | 408.88 | 254.48 | 1,751.86 | 40.77 |
| X | Other Comprehensive Income | ||||||
| (i) Items that will not be reclassifiedto profit or loss | ÷, | a. | |||||
| (ii) Gains/(losses) on defined benefitobligations | (26.59) | ||||||
| XI | Total Comprehensive Income for the period(Comprising Profit (Loss) and OtherComprehensive Income for the period) | (19.70) | 274.18 | 408.88 | 254.48 | 1,751.86 | 14.19 |
| XII | Paid-up equity share capital:(Face value Rs.10 each) | 4.897.67 | 4,897.67 | 4,897.67 | 4,897.67 | 4,897.67 | 4,897.67 |
| Earnings per equity share(for continuing operation): | |||||||
| $(1)$ Basic | (0.04) | 0.56 | 0.83 | 0.52 | 3.58 | 0.03 | |
| (2) Diluted | (0.04) | 0.56 | 0.83 | 0.52 | 3.58 | 0.03 |
Notes:
::::
- 1 . The above results have been reviewed by the Audit Committee and approved and taken on record by the Board of Directors at their respective meetings held on 07th Nov 2025 and 12th Nov 2025.
-
- The Financial results for all the periods presented above have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.
- 3. The format for unaudited quarterly / yearly results as prescribed in SEBl 's Circular CIR/CFD/CMD/15/2015 dated 30 November 2015 has been modified to comply with requirements of SEBl's circular dated 5th July 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013, applicable to companies that are required to comply with lnd AS.
- 4. The estimated amount of contingent liabilities as on Sep 30, 2025, is Rs. 68.79 Crores.
- 5. An unsecured claimant had obtained an order against the Company from the Division Bench of the Honourable High Court of Delhi, upholding the order of the single Bench and the order of the Sole Arbitrator. A Special Leave Petition (SLP) against the said order has been filed before the Hon. Supreme Court of India. As directed by the Supreme Court, vide order dated 11 Dec 2024, the Company has paid a sum of INR 72,00,00,000/- (Rupees Seventy-Two Crores only) directly to the unsecured claimant. This has been intimated to SEBI and declared as a non-recurring expenditure in the financials of 2024-25. A further amount of Rs. 96,00,00,000/- (Rupees Ninety-Six Crores only) has been deposited with the Treasury of SC on 16th Sep 2025 and the same has _been communicated to SEBI and disclosed it accordingly in the financial statements of 30 Sep 2025.The matter is yet to be disposed of.
- 6 . Preference Shares issued by the company have become due as per the terms of issue and are yet to be redeemed. Pursuant to the provisions of Section 55 of the Companies Act, 2013 , Preference Shares can be redeemed only out of profits that are otherwise available for dividend. The Company does not have sufficient accumulated profits for redemption of the said preference shares.
- 7 . The Company has executed a brand license agreement for usage of " BPL" brand for sale of consumer durable products with 'Reliance Retail Limited' (RRL). The Company is entitled for a fee based on the actual amount on performance of the brand in terms of sales revenue. For the period ended 30 Sep 2025, the brand license fee was accounted based on the actual sales data provided by RRL.
- 8 . Provision for Deferred Taxation as per Ind AS-12 " Income Tax" provision for current Tax and employee benefits as per Ind AS I 9 "Employee Benefits" will be made at the end of the year.
- 9 . Previous period figu res have been regrouped / reclassified to conform to current period 's presentations.
ambiar anaging Director)
Place: Bangalore Date : 12 Nov 2025 (Chairm
BPL Limited CIN - L28997KLl963PLC002015 Balance Sheet as at 30th September 2025
\_
________.: ----......_
| (INR Lakhs) | ||||
|---|---|---|---|---|
| Particulars | Note No | Seo 30, 2025 | March 31, 2025 | |
| I | 2 | 3 | 4 | |
| ASSETS | ||||
| (I) | Non-Current Assets | |||
| a | Property, Plant and Equipment | I | 2,404.36 | 2,500.97 |
| b | Capital \Vork-in-prog,c:ss | 2 | 1.63 | 33 06 |
| b | Investment property | 3 | 156.99 | 160.22 |
| C | Other Intangible Assets | 4 | 34.23 | 12.28 |
| d | Financial Assets | |||
| (i) Investments | 5 | 23,967.92 | 23 ,967.92 | |
| (ii) Long term Loans and Advances | 6 | 3, 134.89 | 3,134.89 | |
| e | Deferred Tax Assets (Net) | 7 | 2,982.68 | 2,938.22 |
| f | Other non-current assets | 8 | 186.26 | 186.26 |
| (2) | Current assets | |||
| a | Inventories | 9 | 717.4 1 | 527.60 |
| b | Financial Assets | |||
| (i) Trade Receivables | 10 | 2,555.78 | 2,389.25 | |
| (i i) Cash and Cash Equivalents | II | 189.58 | I 18.00 | |
| (i ii) Bank Balances other than (ii) above | 12 | 31.68 | 30.72 | |
| (iv) Other Fin'ancial Assets | 13 | 5,822.08 | 5,822.08 | |
| C | Current fox Assets (Net) | 14 | 1,08 1.52 | 1,005.15 |
| d | Other Current Assets | 15 | 11 ,288.24 | 1,490.34 |
| Total Assets | 54,555.26 | 44,316.97 | ||
| EQU ITY AN D LIABILITIES | ||||
| 3 | EQUITY | |||
| a | Equity share capital | 16 | 4,897.67 | 4,897.67 |
| b | Other equity | 17 | 20,324.23 | 20,069.75 |
| 4 | LIABILITIES | |||
| Non-current liabilities | ||||
| a | Financial liabilities | |||
| b | Provisions | 18 | 12.71 | 12.71 |
| Current liabilities | ||||
| a | Financial Liabilities | |||
| (i) Borrowings | 19 | l 0,645 .31 | 805.35 | |
| (ii) Trade Payables - | 20 | |||
| (A) total outstanding dues of micro enterprises and small enterprises: and | 22.87 | 16.27 | ||
| (8) total outstanding dues of creditors other than micro enterprises and small enterprises | 1,065. 13 | 940.65 | ||
| iii) Other financial liabilities | 21 | 17,213.82 | 17,221.06 | |
| b | Other current liabilities | 22 | 359.88 | 339.88 |
| C | Provisions | 23 | 13.64 | 13 .64 |
| Total Equity and Liabilities | 54,555.26 | 44,316.97 | ||
| Contingent Liabilities and Commitments | 24 | 6,878.87 | 6,983.13 |
BPL Limited CIN - L28997KL1963PLC002015 Statement of Profit and Loss for the period ended 30th September 2025
| flNR Lakhs) | ||||
|---|---|---|---|---|
| Particulars | Note | Sep 30, 2025 | March 31, 2025 | |
| Revenue from operations (gross) | ||||
| I | Revenue from Operations | 25 | 3,931.60 | 7,835.86 |
| II | Other Income | 26 | 5349 | 5,838 45 |
| Ill | Total Income (l+II) | 3,985.10 | 13,674.31 | |
| IV | Expenses | |||
| Cost of Material Consumed | 27 | 2,325.47 | 4,039.74 | |
| Changes in Inventories of finished goods, Stock in trade and Work in-progress | 28 | (57.04) | (37.40) | |
| Employee Benefit Expenses | 29 | 526.43 | 999.14 | |
| Finance Costs | 30 | 68.01 | 198.61 | |
| Depreciation and Amortisation Expenses | 31 | 120.56 | 229.03 | |
| Other Expenses | 32 | 747.18 | 1,58233 | |
| Total Expenses (IV) | 3,730.61 | 7,011.44 | ||
| V | Profit/ (Loss) Before Exceotional Items and Tax (III-IV) | 254.48 | 6,662.86 | |
| VI | Exceptional Items | |||
| Less: Non-recurring non operating expense | - | 6,614.43 | ||
| Vil | Profitt (Loss) After Exceptional Items and Tax (V-VI) | 254.48 | 48.44 | |
| Tax Expense : | ||||
| VIII (I) Current Tax | 44.46 | 105.00 | ||
| (2) MAT Credit Availed | (44.46) | - | ||
| (3) Deferred Tax | - | (9734) | ||
| Total | - | 7.66 | ||
| Profit/ (Loss) after tax for tbe period from continuing operations | ||||
| IX | I <vii-viii i<="" td="">254.4840.77 | 254.48 | 40.77 | |
| X | Profit/(loss) from discontinued operations | - | - | |
| XI | Tax expense of discontinued operations | - | - | |
| XII | Profit/(Ioss) from Discontinued operations (after tax) (X-XI) | - | - | |
| XIII | Profit/(loss) for the period (IX+XII) | 254.48 | 40.77 | |
| Other Comprehensive Income | ||||
| A.(i) Items that will not be reclassified to profit or loss | - | - | ||
| XIV (ii) Gain I (Loss) on defined benefit obligations | - | (26.59) | ||
| (iii) Income tax relating to Items that will not be reclassified to profit or loss | - | - | ||
| B. (i) items that will be classified to profit or loss | - | - | ||
| (ii) Income tax relatinll; to Items that will be reclassified to profit or loss | - | - | ||
| xv | Total Comprehensive Income for the period (XIll+XIV )Comprising Profit (Loss)and Other.comprehensive Income for the period ) | 254.48 | 14.19 | |
| Earnings per equity share (for continuing operation): | ||||
| XVI (!)Basic | 0.52 | 0.03 | ||
| (2) Diluted | 0.52 | 003 |
BPL Limited C IN - L28997KLl 963PLC002015 Statement of cas h n ows fo r th e period end ed 30th September 201'5
| (I N R Lakh s) | ||
|---|---|---|
| Particula rs | Seo 30, 2025 | March 31 , 2025 |
| Cash flow from operating activities : | ||
| Profit for the period | 254.48 | 40.77 |
| Adjustments to reco ncile net profit to net cash provided by operating activiti es: | ||
| Depreciation and Amortization | 120.56 | 229.02 |
| (Profit) / loss on sale / write off of assets | (4,851.25) | |
| Finance cost | 68.01 | 198.61 |
| Interest income | ( I 15) | (5.92) |
| Dividend income | - | (915.68) |
| Rental income | (27.48) | (52.84) |
| Non- Recurring non- operating expense | - | 6,6 14.43 |
| Non Cash adjustments | - | (26.59) |
| C hanges in assets and liabilities | ||
| Decrease I (Increase) in inventories | ( 189 81) | (46 79) |
| Decrease / (Increase) in trade receivables | ( 166.53) | (250.41) |
| Decrease / (Increase) in financ ial and other assets. | (9,9 18.73) | (295 05) |
| (Decrease) / Increase in trade payable | 13 1.09 | 397.07 |
| (Decrease) Increase in financial. other liabilities and provisions | 12.76 | 465.06 |
| (Decrease) / Increase in other liabilities | (585.57) | |
| Cash generated from operations | (9,716.80) | 914.87 |
| Net cash generated by operating activities | (9,716.80) | 9 14,87 |
| Cash flow from investing activities: | ||
| Purchase of property, plant and equipment, intangible assets (Net) | ( 11 24) | (63 .91) |
| Proceeds from sale ofpropen y, plant and equipment | 4,851 .25 | |
| Deposits made with / withdrawn from bank accounts | (0 96) | 293.92 |
| Interest received | I. 15 | 5.92 |
| Dividend received | 915.68 | |
| Rental Income | 27.48 | 52.84 |
| Net cash (used in )/ from investing activities | 16.43 | 6,055.70 |
| Cash flow from financing activities: | ||
| Shares issued on exercise of employee stock options | - | |
| Payment of dividends | (0.17) | |
| Finance cost paid | (6801) | (198.61) |
| Proceeds from borrowings | 9,839.96 | - |
| Repayment of Borrowings | - | (51.49) |
| Net cash used in fi nancing activities | 9,771.96 | (250.27) |
| Less: Payment of non-recurring expenses (exceptional) | - | 7,200.00 |
| Net increase/ (decrease) in cash and cash equiva lents | 71 .59 | (479 71) |
| Cash and cash equivalents at the beginning of the year | 118.00 | 597.7 1 |
| Cash and cash equivalents at the end of the l)eriod | 189,58 | 118.00 |
| BPL Limited. | |
|---|---|
| Regd.Officc: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KLl963PLC002015 | |
| Standalone Segment Wise Revenue, Results, Assets A nd Liabilities for the period ended 30 Sep 2025 |
| For the Quarter ended | For the six month Ended | For the year ended | |||||
|---|---|---|---|---|---|---|---|
| SI. No | Particulars | 30-09-2025 | 30-06-2025 | 30-09-2024 | 30-09-2025 | 30-09-2024 | 31-03-2025 |
| (Unaudited) | (Unaudited) | (Unudited) | (Unaudited) | (Unudited) | (Audited) | ||
| I Segment Revenue | |||||||
| (a) PCB | 1.580.55 | 1.432.75 | 1.480.99 | 3,013.30 | 2. 773.98 | 5.370.11 | |
| (b) Brand Licensing Fee*(Refer Note No. 7) | 403.35 | 514.95 | 610.55 | 918.30 | 1.256.25 | 2.465.75 | |
| (c) Unallocated | 16.27 | 37.23 | 0.00 | 53.49 | 915.68 | 5.838.45 | |
| Total | 2,000.17 | 1,984.93 | 2,091.53 | 3,985.10 | -t,945.90 | 13,674.3 1 | |
| Less: Inter Segment Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Revenue from operations | 2,000.17 | 1,98-t.93 | 2,091.53 | 3,985.10 | 4,945.90 | 13,674.31 | |
| 2 Segment Results | |||||||
| (a) PCB | 76.31 | 111.69 | 168.73 | 188.00 | 376. 15 | 222.84 | |
| (b) Brand Licensing Fee | (82.54) | 163.54 | 269.08 | 81.00 | 514.49 | 812.95 | |
| ( c) Others unallocated | 16.27 | 37.23 | 0.00 | 53.49 | 915.68 | 5,825.69 | |
| Total | 10.04 | 312.45 | 437.81 | 322.49 | 1,806.31 | 6,861.48 | |
| (Add)/Less:(i) Finance cost | 29.74 | 38.27 | 28.93 | 68.01 | 54.45 | 198.61 | |
| (ii) Other un-allocable expense net ofun-allocable income | - | - | - | - | - | 6,614.43 | |
| Profit/ (Loss) before tax | (19.70) | 274.18 | 408.88 | 254.48 | 1,751.86 | 48.44 | |
| 3 Segment Assets | |||||||
| (a) PCB | 6,885.63 | 6.567.02 | 4,845.15 | 6.885.63 | 4.845.15 | 6.456.04 | |
| (b) Brand Licensing Fee | 475.95 | 607.64 | 720.44 | 475.95 | 720.44 | 582.53 | |
| (c) Unallocated | 47,193.68 | 37,700. 19 | 40,977.40 | 47,193.68 | 40.977.40 | 37.278.40 | |
| Total segment assets | 54,555.26 | 44,874.86 | 46,543.00 | 54,555.26 | 46,543.00 | 44,316.97 | |
| 4 Segment Liabilities | |||||||
| (a) PCB | 733.38 | 866.93 | 747.59 | 733.38 | 747.59 | 710.19 | |
| (b) Brand Licensing Fee | 72.60 | 92.69 | 109.90 | 72.60 | 109.90 | 104.86 | |
| ( c) Unallocated | 28.527.38 | 18.673.64 | 18.980.25 | 28.527.38 | 18.980.25 | 18.534.5 1 | |
| Total segment liabilities | 29,333.36 | 19,633.26 | 19,837.74 | 29,333.36 | 19,837.74 | 19,349.56 |
MKUK & ASS<.9CIA TES CHART'EREVACC<9UNTANTS
Limited Review Report
To the Board of Directors, BPL Limited.
We have reviewed the accompanying unaudited financial results of BPL Limited (the 'Company") for the period ended 30th September, 2025, together with the relevant notes thereon (the 'Statement'), The Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations, 2015') read with SEBI circular dated March 29, 2019.
This statement is the responsibility of the Company's Management and has been approved by the Board of Directors and has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial- statements based on our review.
We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement.
A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 read with SEBI circular dated March 29, 2019 including the manner in which it is to be disclosed, or that it contains any material misstatement, except for impact (if any) , of matters mentioned in note No. 6 of notes accompanying unaudited financial results.
BPL Limited. CIN - L28997KL1963PLC002015 Consolidated Balance Sheet as at Sep 30, 2025
| (INR in Lakhs) | ||||
|---|---|---|---|---|
| Particulars | Note No | Sep 30, 2025 | March 31, 2025 | |
| 1 | 2 | 3 | 4 | |
| ASSETS | ||||
| (1) | Non-Current Assets | |||
| a | Property, Plant and Equipment | 1 | 3,532.68 | 3,629.29 |
| b | Capital Work-in-Progress | 2 | 30,822.43 | 30,853.58 |
| c | Investment property | 3 | 156.99 | 160.22 |
| d | Other Intangible Assets | 4 | 34.23 | 12.28 |
| e | Goodwill on consolidation | 2,308.70 | 2,308.70 | |
| f | Financial Assets | |||
| (i) Investments | 5 | 12,427.92 | 12,427.92 | |
| (ii) Other financial assets | 5A | 3,134.89 | 3,134.89 | |
| g | Deferred Tax Assets (Net) | 6 | 2,982.68 | 2,938.23 |
| h | Other non-current assets | 7 | 253.26 | 252.94 |
| (2) | Current assets | |||
| a | Inventories | 8 | 717.41 | 527.60 |
| b | Financial Assets | |||
| (i) Trade Receivables | 9 | 2,555.78 | 2,389.25 | |
| (ii) Cash and Cash Equivalents | 10 | 192.64 | 121.68 | |
| (iii) Bank Balances other than (ii) above | 11 | 31.68 | 30.72 | |
| (iv) Other Financial Assets | 12 | 2.90 | 0.71 | |
| c | Current Tax Assets (Net) | 13 | 1,087.26 | 1,009.58 |
| d | Other Current Assets | 14 | 11,288.24 | 1,491.69 |
| Total Assets | 71,529.69 | 61,289.27 | ||
| EQUITY AND LIABILITIES | ||||
| 3 | EQUITY | |||
| a | Equity share capital | 15 | 4,897.67 | 4,897.67 |
| b | Other equity | 16 | 20,292.59 | 20,038.11 |
| c | Non-Controlling Interest | 17 | 13,448.48 | 13,448.48 |
| 4 | LIABILITIES | |||
| Non-current liabilities | ||||
| a | Financial liabilities | |||
| 18 | 2,179.70 | 2,174.70 | ||
| (ii) Other financial liabilities | ||||
| b | Provisions | 19 | 12.71 | 12.71 |
| Current liabilities | ||||
| a | Financial Liabilities | |||
| (i) Borrowings | 20 | 10,645.31 | 805.35 | |
| (ii) Trade Payables:- | 21 | |||
| (A) total outstanding dues of micro enterprises and small | 22.87 | 16.27 | ||
| (B) total outstanding dues of creditors other than micro | 2,376.13 | 2,251.65 | ||
| iii) Other financial liabilities | 22 | 17,225.60 | 17,232.84 | |
| b | Other current liabilities | 23 | 415.00 | 397.86 |
| c | Provisions | 24 | 13.64 | 13.64 |
| Total Equity and Liabilities | 71,529.69 | 61,289.27 | ||
| Contingent Liabilities and Commitments | 25 | 6,904.49 | 7,008.74 | |
BPL Limited.
Regd.Office: BPL Works. Palakkad - 678 007, Kerala. CIN - L28997KU963PLC002015 E-mail:[email protected] , URL:www.bpllimited.com, Tel: No.+91 80 25589109 Statement of consolidated unaudited Financial Results for Quarter ended 30 Sep 2025
| INR in Lakhs | ||||||||
|---|---|---|---|---|---|---|---|---|
| For Quarter Ended | For six month Ended | For the year end ed | ||||||
| SI.nos | Particulars | 30-09-2025(Unaudited) | 30-06-2025(Unaudited) | 30-09-2024(Unaudited) | 30-09-2025(Unaudited) | 30-09-2024(Unaudited) | 31 -03-2025(Audited) | |
| I | REVENUE | |||||||
| Revenue from operations* (Refer Note No.7) | 1,983.90 | 1,947.70 | 2,09 1.53 | 3,93 1.60 | 4,030.23 | 7,835.86 | ||
| II | Other Income (net) | 22.88 | 43.7 1 | 11.06 | 66.58 | 953 .88 | 5,860.63 | |
| Ill | Total Income (1+ 11) | 2,006.78 | 1,991.41 | 2,102.59 | 3,998.19 | 4,984.11 | 13,696.48 | |
| IV | EXPENSES | |||||||
| Cost of material consumed | 1,233.46 | 1,092.0 1 | 1,023.74 | 2,325.47 | 2,096.47 | 4,039 .74 | ||
| Changes in inventori es of finished goods,Stock-in -Trade and work-in-progress | 16.98 | (74 02) | (I I.II ) | (57 04) | ( 103 87) | (37.40) | ||
| Employee benefits expense | 265.43 | 261.00 | 244.42 | 526.43 | 545.88 | 999.14 | ||
| Finance costs | 29.74 | 38.28 | 28 .94 | 68.0 1 | 54.46 | 2 15.58 | ||
| Depreciat ion and amortization expense | 60 .7 1 | 59. 85 | 54.40 | 120 .56 | 107.65 | 229.02 | ||
| Other expenses | 4 19.28 | 340.99 | 355.68 | 760.27 | 539.27 | 1,6 18.89 | ||
| Total Expenses | 2,025.60 | 1,718.11 | 1,696.06 | 3,743.70 | 3,239.86 | 7,064.97 | ||
| V | Profit/(loss) before exceptional items andtax (Ill- IV) | (18.81) | 273.30 | 406.52 | 254.48 | 1,744.25 | 6,631.51 | |
| Exceptional items (non-recurring cost) | - | - | 6,6 14.43 | |||||
| VI | Profi t/( loss) before tax | (18.81) | 273.30 | 406.52 | 254.48 | 1,744.25 | 17.09 | |
| VII | Tax Expense: | |||||||
| ( I) Current Tax | - | 47 .90 | 8 1.46 | 44 .46 | 304.76 | 105.00 | ||
| (2) MAT Credit Ava il ed | - | (47 90) | (81.46) | (44.46) | (304.76) | - | ||
| (3) Deferred Tax | - | (97.34) | ||||||
| VIII | Profit (Loss) fo r the period from continuingoperations (VI-VII ) | (18.81) | 273.30 | 406.52 | 254.48 | 1,74-1.25 | 9.42 | |
| IX | Profi t/(loss) fo r the period | (18.81) | 273.30 | 406.52 | 254.48 | 1,744.25 | 9.42 | |
| X | Other Comprehensive Income | |||||||
| A (i ) Items that will not be reclassified toprofit or loss | ||||||||
| (ii) Ga ins/(losses) on defin ed benefitobligations | - | - | (26 59) | |||||
| XI | Total Comprehensive Income for theperiod (Comprising Profit (Loss) and OtherComprehensive Income for the peri od) | (18.81) | 273.30 | 406.52 | 254.48 | 1,744.25 | (1 7.16) | |
| XII | Paid-up equity share capital: (Face value | |||||||
| Rs. !0each) | 4,897.67 | 4,897.67 | 4,897.67 | 4,897.67 | 4,897.67 | 4, 897.67 | ||
| Earnings per equity share (for continuingoperation): | ||||||||
| ( I) Basic | (0 04) | 0. 56 | 0.83 | 0.52 | (0.04) | |||
| (2) Diluted | (0.04) | 0.56 | 0. 83 | 0.52 | 3.563. 56 | (0.04) | ||
Notes:
:::.
- I . The consolidated results have been reviewed by the Audit Committee and approved and taken on record by the Board or Directors at their respective meetings held on 7 November 2025 and 12 November 2025.
-
- The Financial results for all the periods presented above have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules.2015 as amended from time to time.
- 3. The format for unaudited quarterly / yearly results as prescribed in SEBl's Circular CIR/CFD/CMD/15/2015 dated 30 ovembcr 2015 has been modified to comply with requirements of SEBl's circular dated 5th July 20 I 6. Ind AS and Schedule 111 (Division 11) to the Companies Act, 2013. applicable to companies that are required to comply with Ind AS.
- 4. The estimated amount of contingent liabilities as on Sep 30 2025. is Rs. 69.04 Crores.
- 5. An unsecured claimant had obtained an order against the Company from the Division Bench of the Honourable High Court of Delhi. upholcting •he order of the single Bench and the order of the Sole Arbitrator. A Special Leave Petition (SLP) against the
said order has been filed before the Hon. Supreme Cou1i of India. As directed by the Supreme Cou1i. vide order dated 11 Dec 2024. the Company has paid a sum of INR 72.00.00.000/- (Rupees Seventy-Two Crores only) directly to the unsecured claimant. This has been intimated to SEBI and declared as a nonrecurring expenditure in the financials of2024-25 . A further amount of Rs. 96.00.00.000/- (Rupees Ninety-Six Crores only) has been deposited with the Treasury of SC on 16th Sep 2025 and the same has been communicated to SEBI and disclosed it accordingly in the financial statements of 30 Sep 2025.The matter is yet to be disposed of.
- 6 . Preference Shares issued by the company have become due as per the terms of issue and are yet to be redeemed. Pursuant to the provisions of Section 55 of the Companies Act. 2013, Preference Shares can be redeemed only out of pro lits that are otherwise available for dividend. The Company does not have sufficient accumulated profits for redemption of the said preference shares.
-
- Ramangundam Power Generation Private limited (formerly known as BPL Power Projects (AP) Pvt Ltd (BPPL)) is one of the subsidiaries of the company. The company has underlying assets which are available.Though BPPL is to yet to commence commerc ial operations. the management is of the opinion that the company is a going concern.
- 8 . The Company has executed a brand license agreement for usage of .. BPL" brand for sale of consumer durable products with 'Reliance Retail Limited' (RRL). The Company is entitled for a fee based on the actual amount on performance of the brand in terms of sales revenue. For the period ended 30 Sep 2025 . the brand license fee was accounted based on the actual sales data provided by RRL.
- 9. Provision for Deferred Taxation as per Ind AS-12 ··tncome Tax .. provision for current Tax and employee benefits as per Ind AS 19 --Employee Benefits" will be made at the end of the year.
- 10. Previous period ligures have been regrouped / reclassified to conform to current period's presentations.
For and behalf of the Board of BPL Limited
Place: Bangalore Date : 12 Nov 20:5
BPL Limited. CIN - L28997KL1963PLC002015 Consolidated Statement of Profit and Loss for the peri!)d ended Sep 30, 2025
\
| (INR in Lakhs) | ||||
|---|---|---|---|---|
| Particulars | Note | Sep 30, 2025 | March 31, 2025 | |
| Revenue from operations (gross) | ||||
| I | Revenue from Operations | 26 | 3,931.60 | 7,835.86 |
| II | Other Income | 27 | 66.58 | 5,860.63 |
| Ill | Total Income (1+11) | 3,998.19 | 13,696.48 | |
| IV | Expenses | |||
| Cost of Material Consumed | 28 | 2,325.47 | 4,039.74 | |
| Changes in Inventories of finished goods, Stock in trade and work in-progress | 29 | (57.04) | (37.40) | |
| Employee Benefit Expenses | 30 | 526.43 | 999.14 | |
| Finance Costs | 31 | 68.01 | 215.58 | |
| Depreciation and Amortisation Expenses | 32 | 120.56 | 229.02 | |
| Other Expenses | 33 | 760.27 | 1,618.89 | |
| Total Expenses (IV) | 3,743.70 | 7,064.97 | ||
| V | Profit/ (Loss) Before Exceptional Items and Tax (Ill-IV) | 254.48 | 6,631.51 | |
| VI | Exceptional Items | |||
| Less: Non-recurring non operating expense | - | 6,614.43 | ||
| Profit/ (Loss) After Exceptional Items and Tax (V- VI) | 254.48 | 17.09 | ||
| Tax Expense : | ||||
| Vil | ( 1) Current Tax | 44.46 | 105.00 | |
| (2) MAT Credit Availed(3) Deferred Tax | ( 44.46)- | -(97.34) | ||
| - | 7.66 | |||
| VIII | Profit/ (Loss) after tax for the period from continuing operations (VI-VII) | 254.48 | 9.42 | |
| Other Comprehensive Income | ||||
| A.(i) Items that will not be reclassified to profit or loss(ii) Gain / (Loss) on defined benefit obligations | -- | - | ||
| IX | (iii) Income tax relating to Items that will not be reclassified to profit or loss | (26.59) | ||
| B. (i) items that will be classified to profit or loss | - | - | ||
| (ii) Income tax relating to Items that will be reclassified to profit or loss | - | - | ||
| X | Total Comprehensive Income for the period (Vlll+IX) comprising Profit (Loss) | |||
| and Other. comprehens; ve Income for the period)Profit attributable to: | 254.48 | (17.16) | ||
| XI | Owners of the Company | 254.48 | 24.80 | |
| Non-controlline. interests | (0.0011) | (15.38) | ||
| XII | Total Comprehensive Income attributable toOwners of the Company | 254.48 | ||
| Non-control! ine. interests | (0.0011) | (1.79)(15.38) | ||
| XIII | Earnings per equity share (for continuing operation):(I) Basic | |||
| (2) Diluted | 0.520.52 | (0.04)(0.04) | ||
BPL Limited. CIN - L28997KL1963PLC002015 Consolidated statement of cashtlows for the period ended 30th Sep 2025
| (INR Lakhs) | |||
|---|---|---|---|
| Particulars | Note | Sep 30, 2025 | March 31, 2025 |
| Cash flow from operating activities: | |||
| Profit for the period | 254.48 | 17.09 | |
| Adjustments to reconcile net profit to net cash provided by operating activities: | |||
| Depreciation and Amortization | 120.56 | 229.02 | |
| (Profit) / loss on sale / write off of assets | - | (4,851.25) | |
| Finance cost | 68.01 | 215.58 | |
| Interest income | (1.15) | (5.92) | |
| Dividend income | - | (915.68) | |
| Rental income | (40.57) | (75.02) | |
| Non- Recurring non- operating expenses | - | 6,614.43 | |
| Other adjustments | (44.45) | (60.35) | |
| Changes in assets and liabilities | |||
| Decrease / (Increase) in Inventories | (189.81) | (46.79) | |
| Decrease / (Increase) in Trade receivables | ( I 66.53) | (250.41) | |
| Decrease / (increase) in financial and other assets. | (9,876.74) | 72.17 | |
| (Decrease) / Increase in Trade payable | 131.09 | 393.08 | |
| (Decrease) / Increase in other liabilities | - | (585.57) | |
| (Decrease) I Increase in financial and other liabilities Provisions | 9.90 | 137.04 | |
| Cash generated from operations | (9,735.21) | 887.42 | |
| - | - | ||
| Net cash generated by operating activities | (9,735.21) | 887.42 | |
| Cash tlow from investing activities: | |||
| Purchase of propeny, plant and equipment, intangible assets (Net) | (11.52) | (63.91) | |
| Proceeds from sale of property, plant and equipment | - | 4,851.25 | |
| Bank balances not considered as Cash and cash equivalents | (0.96) | 293.92 | |
| Interest received | 1.15 | 5.92 | |
| Dividend received from subsidiary | - | 915.68 | |
| Rental Income | 40.57 | 75.02 | |
| Net cash (used in)/ from investing activities | 29.25 | 6,077.88 | |
| Cash tlow from financing activities: | |||
| Shares issued on exercise of employee stock options | - | - | |
| Changes in non-controlling interest | (0.00) | (3.81) | |
| Payment of dividends | - | (0.17) | |
| Finance cost paid | (68.01) | (215.58) | |
| Proceeds from borrowings | 9,844.95 | - | |
| Repayment of Borrowings | - | (29.25) | |
| N ct cash used in financing activities | 9,776.94 | (248.81) | |
| Less: Payment of non-recurring items ( exceptional) | - | 7,200.00 | |
| Net increase/ (decrease) in cash and cash equivalents | 70.97 | (483.51) | |
| Cash and cash equivalents at the beginning of the year | 121.68 | 605.20 | |
| Cash and cash equivalents at the end of the period | 192.64 | 121.68 |
| INR in Lakhs | |||||||
|---|---|---|---|---|---|---|---|
| For the Quarter ended | For the six month Ended | For the year ended | |||||
| Sl. No. | Particulars | 30-09-2025 | 30-06-2025 | 30-09-2024 | 30-09-2025 | 30-09-2024 | 31-03-2025 |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| 1 Segment Revenue | |||||||
| (a) PCB | 1,580.55 | 1,432.75 | 1,480.99 | 3,013.30 | 2,773.98 | 5,370.11 | |
| (b) Brand Licensing Fee | 403.35 | 514.95 | 610.55 | 918.30 | 1,256.24 | 2,465.75 | |
| (c) Power Generation | |||||||
| (d) Unallocated | 22.88 | 43.71 | 66.58 | 915.68 | 5,860.63 | ||
| Total | 2,006.78 | 1,991.41 | 2,091.53 | 3,998.19 | 4,945.90 | 13,696.48 | |
| Less: Inter Segment Revenue | |||||||
| Revenue from operations | 2,006.78 | 1,991.41 | 2,091.53 | 3,998.19 | 4,945.90 | 13,696.48 | |
| 2 Segment Results | |||||||
| (a) PCB | 76.31 | 111.69 | 168.73 | 188.00 | 376.15 | 222.84 | |
| (b) Brand Licensing Fee | (82.54) | 163.54 | 269.07 | 81.00 | 514.49 | 812.95 | |
| (c) others (unallocated) | 16.27 | 37.23 | 53.50 | 915.68 | 5,825.69 | ||
| (d) Power Generation | 0.890 | (0.892) | (2.35) | (0.002) | (7.60) | (14.39) | |
| Total | 10.93 | 311.56 | 435.45 | 322.50 | 1,798.71 | 6,847.09 | |
| (Add)/Less:(i) Finance cost | 29.74 | 38.28 | 28.94 | 68.01 | 54.46 | 215.58 | |
| (ii) Other un-allocable expense netof un-allocable income | 6,614.43 | ||||||
| Profit before tax | (18.79) | 273.29 | 406.52 | 254.48 | 1,744.25 | 17.09 | |
| 3 Segment Assets | |||||||
| (a) PCB | 6,885.63 | 6,567.02 | 4,845.15 | 6,885.63 | 4,845.15 | 6,456.04 | |
| (b) Brand Licensing Fee | 475.95 | 607.64 | 720.44 | 475.95 | 720.44 | 582.53 | |
| (c) Power Generation | 32,027.81 | 33,700.19 | 32,026.58 | 32,027.81 | 32,026.58 | 33,780.81 | |
| (d) Unallocated | 32,140.30 | 20,972.98 | 25,924.04 | 32,140.30 | 25,924.04 | 20,469.89 | |
| Total segment assets | 71,529.69 | 61,847.83 | 63,516.21 | 71,529.69 | 63,516.21 | 61,289.27 | |
| Segment Liabilities | |||||||
| (1) PCB | 733.38 | 866.93 | 747.59 | 733.38 | 747.59 | 710.19 | |
| (b) Brand Licensing Fee | 72.60 | 92.69 | 109.90 | 72.60 | 109.90 | 104.86 | |
| (c) Power Generation | 1,588.74 | 1,957.02 | 3,532.62 | 1,588.74 | 3,532.62 | 2,006.64 | |
| (d) Unallocated | 30,496.23 | 20,273.64 | 18,980.25 | 30,496.23 | 18,980.25 | 20,083.32 | |
| Total segment liabilities | 32,890.95 | 23,190.28 | 23,370.36 | 32,890.95 | 23,370.36 | 22,905.01 |
BPL Limited. Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KLl9631'LC002015 Consolidated Segment Wise Revenue, Results, Assets And Liabilities for the period ende,.d 30th Sep 2025
MKUK & ASSOCIATES CtlA'RTE'REVACCOUNTANT5
Limited Review Report
To the Board of Directors, BPL Limited.
We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of BPL Limited ("the Parent") and its subsidiary Bharat Energy Ventures Limited (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit/(loss) after tax and total comprehensive income / loss of its associates for the quarter ended 30th September, 2025 and for the period from 1st April 2025 to 30th September, 2025 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended Sep 30, 2024, and the corresponding period from April 2024 to Sep 2024 as reported in these financial results have been approved by the Parent's Board of Directors.
This statement is the responsibility of the Company's Management and has been approved by the Board of Directors and has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
The Statement includes the results of the following entities: BPL Limited and Bharat Energy Ventures Pvt Limited
Based on our review conducted and procedure performed as above and based on the consideration of the limited review report of the subsidiary by other auditor, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Companies Act,2013 read with relevant rules issued thereunder and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulations including the manner in which it is to be disclosed, except for the disclosures as stated in Note o 6 & 7 as at 30th September, 2025
The consolidated unaudited financial results also include the Group's share of net profit/(loss) after tax of Rs. (0.002) Lakhs and (7.6 I) Lakhs and total comprehensive income of Rs. 254.48 Lakhs and Rs. 1744.25 Lakhs for the period ended 30th September 2025 and for the period from April 2024 to 30 th September 2024 respectively, as considered in the consolidated unaudited financial results, in respect of the subsidiary (Bharat Energy Ventures Pvt Limited), based on their interim financial statements/ financial information/ financial results which have not been reviewed/audited by their auditors. According to the information and explanations given to us by the Management, these interim financial statements I financial information / financial results are not material to the Group.
For MKUK & ASSOCIATES Chartered Accountants (FRN: 050113S)
RUK 1730)
ER
Place: Bangalore Date: 12th November 2025 UDIN NO: ~ 5 oC,1 f 3D e, N
BPL Limited
Dynamic House, 64 Church Street Post Box No. 5194 Bengaluru - 560 001, India. Ph : +91-80-2532 7985, 2558 9109 E-mail : [email protected] / Website : www.bpl.ln CIN: L28997KL1963PLC002015
Other Information -Integrated Filing(Financial)for the
Second Quarter ended 30th September 2025.
| S.NO | REQUIREMENTS | REMARKS |
|---|---|---|
| A | STATEMENT ON DEVIATION OR VARIATION FORPROCEEDSOFPUBLICISSUE,RIGHTSISSUE,PREFERENTIAL ISSUE,QUALIFIED INSTITUTIONS PLACEMENT ETC. | Not Applicable |
| B | OUTSTANDINGDISCLOSUREOFDEFAULTONLOANS AND DEBT SECURITIES | NotNodefaulthenceApplicable |
| C | FORMAT FOR DISCLOSURE OF RELATED PARTYTRANSACTIONS (applicable only for half-yearlyfilings i.e., 2nd and4th quarter) | Attached as |
| DI | STATEMENTONIMPACTOFAUDITWITHQUALIFICATIONS(FORAUDITREPORTMODIFIED OPINION) SUBMITTED ALONGWITHANNUAL AUDITEDFINANCIALRESULTS(StandaloneandConsolidatedseparately)(applicable only for Annual Filing i.e., 4th quarter) | Not Applicable |
PLACE: BANGALORE
DATE: 12 NOV 2025
For BPL LTD
Karuna Balu Chief Financial Officer