Balurghat Technologies Ltd (520127)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Balurghat Technologies' revenue was ₹30.1 Cr (+7.7% year on year, -5.5% on the previous quarter), and net profit ₹0.3 Cr (against a loss a year earlier); the operating margin was 3.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹30.1 | +7.7% | -5.5% |
| Operating profit | ₹1.0 | from loss | -81.6% |
| Net profit | ₹0.3 | from loss | -93.2% |
| EPS (₹) | 0.18 | from loss | -92.9% |
| Operating margin | 3.3% | — | — |
📢 Recent Corporate Announcements
Balurghat Technologies reported a turnaround in Q1 FY27 (ended June 2026) with a net profit of Rs 0.31 Cr, compared to a loss of Rs 0.67 Cr in the same quarter last year. Revenue grew 7.7% YoY to Rs 30.07 Cr, though it saw a sequential decline from the Rs 31.81 Cr reported in March 2026. The company remains under significant financial stress due to a contingent liability of Rs 57.84 Cr related to a corporate guarantee for IDBI Bank, which is over 3x its net worth. Additionally, an asset reconstruction company filed an NCLT petition in March 2026 seeking recovery of Rs 2.39 Cr plus 18% interest.
- Revenue for Q1 FY27 stood at Rs 30.07 Cr, up from Rs 27.92 Cr in Q1 FY26.
- Net profit turned positive at Rs 0.31 Cr against a loss of Rs 0.67 Cr in the year-ago period.
- Pending litigation with IDBI Bank involves a massive claim of Rs 57.84 Cr currently in the Karnataka High Court.
- A Section 7 NCLT petition was filed on March 13, 2026, by an asset reconstruction company for Rs 2.39 Cr.
- Finance costs increased to Rs 0.60 Cr in Q1 FY27 from Rs 0.49 Cr in Q1 FY26.
Balurghat Technologies reported a turnaround in Q1 FY27, posting a net profit of ₹0.31 crore compared to a loss of ₹0.67 crore in the same quarter last year. Revenue grew 7.7% YoY to ₹30.07 crore, though it declined sequentially from ₹31.81 crore in Q4 FY26. The results are overshadowed by significant legal risks, including a ₹57.84 crore corporate guarantee claim from IDBI Bank and a pending NCLT insolvency petition for ₹2.39 crore. These contingent liabilities are extremely high relative to the company's ₹25 crore market capitalization.
- Net profit turned positive at ₹0.31 crore in Q1 FY27 vs a loss of ₹0.67 crore in Q1 FY26.
- Revenue from operations increased 7.7% YoY to ₹30.07 crore.
- Disclosed a massive contingent liability of ₹57.84 crore regarding an IDBI Bank corporate guarantee.
- An insolvency petition (Section 7) was filed on March 13, 2026, by an asset reconstruction company for ₹2.39 crore plus 18% interest.
- Finance costs rose to ₹0.60 crore from ₹0.49 crore in the year-ago period.
Balurghat Technologies has scheduled a board meeting on August 13, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company, a micro-cap in the road transport sector with a market cap of Rs 22 Cr, reported a TTM revenue of Rs 120 Cr. Investors will be watching for consistency following a strong March 2026 quarter (PAT Rs 4.61 Cr), which contrasted sharply with losses in the three preceding quarters. The company maintains a high debt-to-equity ratio of 1.50, making quarterly cash flow performance critical.
- Board meeting scheduled for August 13, 2026, to approve Q1 results
- Reporting period covers the quarter ended June 30, 2026
- Company reported TTM revenue of Rs 120 Cr against a small market cap of Rs 22 Cr
- Debt levels remain significant at Rs 27 Cr compared to a net worth of Rs 18 Cr
Ms. Sushma Kumari Agarwal has resigned from her position as Company Secretary and Compliance Officer of Balurghat Technologies Ltd, effective August 1, 2026. The resignation is attributed to 'preoccupation,' with no other material reasons cited. For a micro-cap company with a market capitalization of Rs 22 Cr and TTM revenue of Rs 120 Cr, maintaining stable Key Managerial Personnel (KMP) is essential for regulatory adherence. The company must now appoint a successor to ensure continued compliance with SEBI (LODR) regulations.
- Resignation of Ms. Sushma Kumari Agarwal effective from the close of business hours on August 1, 2026.
- The outgoing official held the dual role of Company Secretary and Compliance Officer.
- Reason for resignation is stated as 'preoccupation' in the formal disclosure.
- The company reported a TTM PAT of Rs 1 Cr against a market cap of Rs 22 Cr.
Balurghat Technologies has released its 32nd Annual Report for FY 2025-26, scheduling its AGM for August 11, 2026. The financial statements reveal a significant deterioration in operational efficiency, with the Net Profit Ratio falling from 2% to 0.46% and Return on Capital Employed (ROCE) dropping from 15% to 4%. Most critically, the Debt Service Coverage Ratio (DSCR) has plummeted to 0.40 from 1.94, suggesting that current earnings are insufficient to cover debt obligations. The company is also seeking shareholder approval for the 5-year re-appointments of its Managing Director and Whole Time Director.
- Net Profit Ratio declined sharply from 2% in the previous year to 0.46% in FY26.
- Return on Capital Employed (ROCE) fell to 4% from 15% year-on-year.
- Debt Service Coverage Ratio (DSCR) dropped to 0.40, indicating potential liquidity stress in meeting debt obligations.
- Debt-Equity ratio increased to 1.50 times from 1.18 times in the previous year.
- AGM scheduled for August 11, 2026, with a book closure period starting August 5, 2026.
Balurghat Technologies has scheduled its 32nd Annual General Meeting (AGM) for August 11, 2026. The primary agenda includes the re-appointment of Mr. Pawan Kumar Sethia as Managing Director and Mr. Arun Kumar Sethia as Whole Time Director for five-year terms. Both executive directors are proposed to receive a remuneration of ₹60 LPA each, with provisions for minimum payment even in case of inadequate profits. Additionally, the company seeks to regularize the appointment of Mrs. Shweta as an Independent Director for a five-year term.
- 32nd AGM scheduled for August 11, 2026, at 01:00 PM IST via Video Conferencing.
- Proposed remuneration of ₹60 LPA for Managing Director Pawan Kumar Sethia for a 5-year term starting February 2027.
- Proposed remuneration of ₹60 LPA for Whole Time Director Arun Kumar Sethia for a 5-year term starting October 2026.
- Shareholder approval sought for Mr. Pawan Kumar Sethia to continue as MD beyond the age of 70 years.
- Appointment of Mrs. Shweta (age 28) as an Independent Director for a 5-year term ending May 2031.
Balurghat Technologies has announced its 32nd Annual General Meeting (AGM) to be held on August 11, 2026, via video conferencing. The company has established August 4, 2026, as the cut-off date for determining shareholder eligibility for voting. The register of members and share transfer books will be closed from August 5 to August 11, 2026. Remote e-voting is scheduled to take place from August 7 to August 10, 2026.
- 32nd Annual General Meeting scheduled for August 11, 2026, at 1:00 P.M.
- Cut-off date for voting eligibility set for August 4, 2026
- Book closure period defined from August 5, 2026, to August 11, 2026
- Remote e-voting window open from August 7 (9:00 AM) to August 10 (5:00 PM), 2026
Balurghat Technologies has scheduled its 32nd Annual General Meeting (AGM) for August 11, 2026. The Board has recommended the re-appointment of Mr. Pawan Kumar Sethia as Managing Director and Mr. Arun Kumar Sethia as Whole-time Director, both for five-year terms. Notably, Mr. Pawan Kumar Sethia's appointment requires a special resolution as he will cross the age of 70 during his tenure. The book closure for the AGM is set from August 5 to August 11, 2026, with a voting cut-off date of August 4, 2026.
- 32nd Annual General Meeting scheduled for August 11, 2026, at 1:00 P.M.
- Re-appointment of Managing Director Pawan Kumar Sethia for 5 years from February 21, 2027
- Re-appointment of Whole-time Director Arun Kumar Sethia for 5 years from October 28, 2026
- Managing Director Pawan Kumar Sethia holds 27,311 equity shares (0.15% stake)
- Whole-time Director Arun Kumar Sethia holds 1,798 equity shares (0.01% stake)
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