Blue Pearl Agriventures Ltd (514440)
Q2 FY27 results
Blue Pearl Agriventures Ltd reported Q2 FY27 results on 13 Oct 2026: revenue ₹10.8 Cr (-13.1% year on year, +1.4% on the previous quarter), and net profit ₹0.3 Cr (+2.6% year on year); the operating margin was 2.6%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹10.8 | -13.1% | +1.4% |
| Operating profit | ₹0.3 | -22.6% | -18.4% |
| Net profit | ₹0.3 | +2.6% | +2.2% |
| EPS (₹) | 0.00 | — | — |
| Operating margin | 2.6% | — | — |
- Profit +32% above its own trend
- Profit grew faster than the core business (core profit -23%)
- Operating cash flow was negative in FY26 despite a profit
Quality of profit: of pre-tax profit of ₹0.4 Cr, ₹0.3 Cr (80%) came from the core business and the rest from other income and one-off items. Core profit (operating profit less interest and depreciation) moved -22.6% year on year.
Against its own trend: net profit of ₹0.3 Cr was +31.9% against the ₹0.2 Cr its recent growth pointed to (above trend). This is a statistical baseline, not an analyst estimate.
📢 Recent Corporate Announcements
Blue Pearl Agriventures announced the approval of its unaudited standalone financial statements and limited review report for the quarter and half-year ended September 30, 2026. The board meeting was held on October 13, 2026, commencing at 03:15 P.M. and concluding at 03:45 P.M. The statutory auditor, Shweta Jain & Co LLP, issued an unmodified limited review report. Detailed financial figures (revenue, profit) were not provided within this specific filing extract.
- Board approved unaudited results for the quarter and half year ended September 30, 2026
- Board meeting commenced at 03:15 P.M. and concluded at 03:45 P.M. on October 13, 2026
- Statutory auditor Shweta Jain & Co LLP issued a limited review report with no modifications reported
Blue Pearl Agriventures announced the approval of its unaudited standalone financial statements and limited review report for the quarter and half-year ended September 30, 2026. The board meeting was held on October 13, 2026, commencing at 03:15 P.M. and concluding at 03:45 P.M. The statutory auditor, Shweta Jain & Co LLP, issued an unmodified limited review report. Detailed financial figures (revenue, profit) were not provided within this specific filing extract.
- Board approved unaudited results for the quarter and half year ended September 30, 2026
- Board meeting commenced at 03:15 P.M. and concluded at 03:45 P.M. on October 13, 2026
- Statutory auditor Shweta Jain & Co LLP issued a limited review report with no modifications reported
Blue Pearl Agriventures Limited has announced the closure of its share transfer books and register of members from September 24, 2026, to September 30, 2026. The book closure is for the purpose of conducting the company's 34th Annual General Meeting scheduled for September 30, 2026. The cut-off date to determine shareholder eligibility for remote e-voting is set as September 23, 2026. Remote e-voting will run from September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM).
- 34th Annual General Meeting scheduled for Wednesday, September 30, 2026
- Book closure period from Thursday, September 24, 2026, to Wednesday, September 30, 2026
- Cut-off date for remote e-voting eligibility set for September 23, 2026
- Remote e-voting window open from September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM)
Blue Pearl Agriventures Limited has scheduled its 34th Annual General Meeting (AGM) for September 30, 2026. The Board approved the Directors' Report for FY26 and recommended the appointment of M/s. Shweta Jain & Co LLP as Statutory Auditors for a 5-year tenure (from the 34th AGM until the 38th AGM in 2031). The cut-off date for voting entitlement has been fixed as September 23, 2026, with the register of members closed from September 24 to September 30, 2026.
- 34th Annual General Meeting convened for September 30, 2026, at 01:00 PM
- Recommendation to appoint M/s. Shweta Jain & Co LLP as Statutory Auditors for a 5-year term until 2031
- Cut-off date for shareholder voting set for September 23, 2026
- Book closure period scheduled from September 24, 2026, to September 30, 2026
Blue Pearl Agriventures Limited announced the elevation of Mr. Samir Jikarbhai Godil from Director to Managing Director for a 5-year term starting August 19, 2026. The appointment is subject to shareholder approval at the upcoming General Meeting. Mr. Godil brings over 6 years of trading experience to the role and holds no relation to existing directors, KMPs, or promoters. The company reported TTM revenue of ₹49 crore with an ultra-low promoter holding of 0.08%.
- Appointment of Mr. Samir Jikarbhai Godil as Managing Director with effect from August 19, 2026
- Appointed for a tenure of 5 consecutive years, subject to shareholder approval
- Profile indicates over 6 years of experience in the trading industry
- Confirmation that the appointee is not related to any directors, KMP, or promoters and is not debarred by SEBI
Blue Pearl Agriventures has approved the elevation of Mr. Samir Jikarbhai Godil from Director to Managing Director for a term of 5 consecutive years, effective August 19, 2026. Mr. Godil holds a commerce degree and has over 6 years of experience in trading. The appointment is subject to statutory and shareholder approvals at the upcoming General Meeting. The company operates in agricultural commodities trading with TTM revenue of Rs 49 Cr and an ultra-low promoter holding of 0.08%.
- Mr. Samir Jikarbhai Godil appointed as Managing Director for a 5-year term effective August 19, 2026
- Appointee brings over 6 years of experience in the trading domain
- Appointment is subject to shareholder approval at the ensuing General Meeting
- Company generated TTM revenue of Rs 49 Cr and PAT of Rs 1 Cr with 0.08% promoter holding
Blue Pearl Agriventures has announced the resignation of Director Rishikumar Hanumanprasad Gosai effective August 11, 2026, citing personal reasons. This management change follows a period of severe stock price underperformance, with the share price falling 89.9% over the last 12 months. The company operates on thin margins, reporting a TTM PAT of only Rs 1 Cr on revenue of Rs 50 Cr. Investors should note the exceptionally low promoter holding of 0.08%, which adds to the governance risk profile during leadership transitions.
- Resignation of Director Rishikumar Hanumanprasad Gosai effective August 11, 2026
- Board meeting concluded within 35 minutes from 12:30 PM to 01:05 PM
- Promoter holding is critically low at 0.08% as of June 2026
- TTM Revenue of Rs 50 Cr with a low Operating Profit Margin of 2.74%
Blue Pearl Agriventures Ltd has announced the resignation of Mr. Rishikumar Hanumanprasad Gosai from his position as Director, effective August 11, 2026. The resignation is attributed to personal reasons and other commitments, with the director confirming no other material reasons. This leadership change occurs while the company maintains an extremely low promoter holding of 0.08% and has seen its share price erode by 89.9% over the past 12 months. Financially, the company operates on thin margins, reporting a TTM PAT of only Rs 1 Cr on a revenue of Rs 50 Cr.
- Resignation of Director Rishikumar Hanumanprasad Gosai effective from August 11, 2026
- Promoter holding remains critically low at 0.08% as of June 2026
- Company reported TTM revenue of Rs 50 Cr with a low operating margin of 2.74%
- Share price has experienced a significant 12-month decline of 89.9%
- Board meeting for this outcome lasted 35 minutes, from 12:30 PM to 1:05 PM
Blue Pearl Agriventures approved its unaudited financial results for the quarter ended June 30, 2026, in a board meeting held on August 5, 2026. While the specific P&L figures were not detailed in the summary cover letter, the company enters this period following a FY26 revenue of ‡50 Cr and a thin PAT of ‡1.03 Cr. The company continues to operate with an extremely low promoter holding of 0.08% and has seen significant stock price erosion of nearly 90% over the past 12 months.
- Board approved unaudited financial statements for the quarter ended June 30, 2026
- The board meeting was conducted in 60 minutes, starting at 12:30 p.m. and concluding at 01:30 p.m.
- Limited Review Report was provided by Statutory Auditors M/s. Shweta Jain & Co LLP
- Company maintains a very low promoter stake of 0.08% as of June 2026
Blue Pearl Agriventures Limited held its board meeting on August 7, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The meeting, which lasted one hour, also reviewed the Limited Review Report from statutory auditors M/s. Shweta Jain & Co LLP. This follows a fiscal year (FY26) where the company generated Rs 50 crore in revenue with a thin net profit of Rs 1.03 crore. Investors should note the company's extremely low promoter holding of 0.08% and significant share price decline of nearly 90% over the past year.
- Board approved unaudited financial statements for the quarter ended June 30, 2026
- The board meeting was conducted within a 1-hour window from 12:30 p.m. to 1:30 p.m.
- Statutory audit review was performed by M/s. Shweta Jain & Co LLP
- Company reported a TTM revenue of Rs 50 Cr and TTM PAT of Rs 1 Cr leading into this quarter
- Promoter holding remains critically low at 0.08% as of June 2026
Blue Pearl Agriventures Ltd has scheduled a board meeting for August 5, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company reported a TTM revenue of ₹50 crore and a thin net profit of ₹1 crore for FY26, with an operating margin of just 2.7%. Investors should note the extremely low promoter holding of 0.08% and the stock's significant price decline of 89.3% over the past 12 months. The trading window remains closed until 48 hours after the results are declared.
- Board meeting scheduled for August 5, 2026, to approve Q1 FY27 results
- Company reported TTM revenue of ₹50 crore with a low OPM of 2.7%
- Promoter holding remains critically low at 0.08% as of June 2026
- Stock has experienced a -89.3% price return over the last 12 months
Blue Pearl Agriventures has submitted a revised statement regarding the impact of audit qualifications for the financial year ended March 31, 2026. This filing includes revised financial statements (P&L, Balance Sheet, and Cash Flow) along with the Auditor's Report. Audit qualifications are significant as they indicate areas where auditors have found discrepancies or lack of sufficient evidence in the company's financial reporting. The revision suggests that the initial disclosure made after the March quarter was either incomplete or required correction by the exchange.
- Revised statement submitted on July 11, 2026, for the financial year ended March 31, 2026
- Includes revised Statement of Profit and Loss and Statement of Assets and Liabilities
- Submission made under Regulation 33 of SEBI (LODR) Regulations
- Includes a formal Declaration regarding the impact of audit qualifications
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company operates in the agro-trading segment including spices, oil seeds, grains, and vegetables, but specific YoY growth percentages for these categories are not provided.
Geographic Revenue Split
Not disclosed in available documents. The company mentions an extensive distribution network covering multiple regions and countries, but does not provide the percentage contribution from each region.
Profitability Margins
Not disclosed in available documents. The management discussion mentions analyzing gross profit margins and operating income, but the actual percentage figures are not included in the provided text.
EBITDA Margin
Not disclosed in available documents. The report indicates that fluctuations in global commodity prices impact profitability, but specific EBITDA percentages are missing.
Capital Expenditure
Not disclosed in available documents. The company mentions investing in growth opportunities and technology, but no specific INR values for historical or planned CAPEX are provided.
Credit Rating & Borrowing
Not disclosed in available documents. The company claims financial stability and a strong balance sheet, but does not list a specific credit rating or interest rate percentage.
Operational Drivers
Raw Materials
Agricultural commodities including spices, oil seeds, grains, vegetables, and herbs. The specific percentage of total cost each represents is not disclosed.
Import Sources
Not disclosed in available documents. The company mentions global trade dynamics and geographic reach but does not specify countries of origin for imports.
Key Suppliers
Not disclosed in available documents. The company highlights strong, long-term relationships with farmers and suppliers as a key strength, but does not name specific corporate entities.
Capacity Expansion
Not disclosed in available documents. The company mentions 'production and trading volumes' but does not provide current installed capacity in MT or planned expansion timelines.
Raw Material Costs
Not disclosed in available documents. The report notes that raw material costs are a component of the Cost of Goods Sold (COGS) and are subject to commodity price volatility, but no YoY percentage change is given.
Manufacturing Efficiency
Not disclosed in available documents. Capacity utilization percentages and specific efficiency metrics are not provided.
Logistics & Distribution
Not disclosed in available documents. High transportation costs for perishable goods are cited as a risk to profit margins, but the cost as a percentage of revenue is not specified.
Strategic Growth
Growth Strategy
Growth will be achieved through expansion into emerging markets with high demand for agricultural products, product diversification into value-added or processed goods to capture higher margins, and strategic alliances with tech companies and logistics providers. The company also plans to capitalize on the rising consumer demand for sustainably sourced and organic products.
Products & Services
Spices, oil seeds, grains, vegetables, herbs, pickles, and other items derived from agricultural or farming activities.
Brand Portfolio
Not disclosed in available documents. The company notes that the commoditized nature of its products may result in low brand differentiation.
New Products/Services
Value-added or processed goods and organic products are identified as new areas for expansion, though expected revenue contribution percentages are not disclosed.
Market Expansion
Targeting emerging markets and expanding the geographic reach of the distribution network, though specific regions and timelines are not provided.
Strategic Alliances
The company is looking to form alliances with tech companies and logistics providers to enhance supply chain transparency and market reach.
External Factors
Industry Trends
The industry is shifting toward precision farming, digital marketplaces, and the use of blockchain for supply chain transparency. There is a growing trend toward plant-based, non-GMO, and sustainably sourced organic products, which is disrupting traditional agricultural demand.
Competitive Landscape
Intense competition from both local and international players, leading to potential price wars and margin compression.
Competitive Moat
The company's moat is based on a diverse product portfolio and established long-term relationships with farmers. This is moderately sustainable but challenged by the commoditized nature of the products and high competition.
Macro Economic Sensitivity
High sensitivity to weather patterns and climate change, which impact crop yields and trading volumes. Profitability is also sensitive to global economic factors influencing agricultural supply and demand.
Consumer Behavior
Shifts toward plant-based, non-GMO, or alternative proteins could reduce demand for traditional agricultural products.
Geopolitical Risks
Geopolitical tensions are cited as a risk that could disrupt global trade routes and supply chains.
Regulatory & Governance
Industry Regulations
Operations are affected by trade policies, tariffs, and environmental regulations. The company must also comply with varying regional regulations, which requires significant resources.
Environmental Compliance
Not disclosed in available documents. The company mentions environmental regulations as a risk factor but does not provide specific ESG compliance costs.
Legal Contingencies
The Secretarial Audit Report for the period ended March 31, 2025, reports 'Nil' observations or qualifications regarding statutory compliance. No specific pending court cases or values are mentioned in the provided documents.
Risk Analysis
Key Uncertainties
Weather variability and climate change (high impact on supply), commodity price volatility (impact on financial stability), and regulatory changes in trade policies.
Geographic Concentration Risk
Not disclosed in available documents. The company identifies 'dependence on key markets' as a weakness but does not provide the percentage of revenue from top regions.
Third Party Dependencies
High dependency on farmers and suppliers for a steady supply of high-quality products.
Technology Obsolescence Risk
The company identifies the need to adopt precision agriculture and blockchain to remain competitive and ensure supply chain transparency.
