Bharati Defence and Infrastructure Limited (BHARATIDIL)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Bharati Defence's revenue was ₹8.1 Cr (+625.7% year on year, -58.5% on the previous quarter), and net profit ₹1.7 Cr (+98.5% year on year); the operating margin was 19.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹8.1 | +625.7% | -58.5% |
| Operating profit | ₹1.6 | +91.2% | -76.6% |
| Net profit | ₹1.7 | +98.5% | from loss |
| EPS (₹) | 0.03 | -82.4% | from loss |
| Operating margin | 19.9% | — | — |
📢 Recent Corporate Announcements
Bharati Defence and Infrastructure Limited reported standalone revenue from operations of ₹805.55 lakhs for the quarter ended June 30, 2026, compared to nil in Q1 FY26 and ₹1,939.89 lakhs in Q4 FY26. Total income stood at ₹812.20 lakhs, while total expenses were ₹645.42 lakhs. Standalone net profit for the quarter reached ₹166.71 lakhs, improving from ₹83.51 lakhs in Q1 FY26 and turning around from a loss of ₹32,143.68 lakhs in Q4 FY26. The company noted that management control was taken over by new management under an NCLT-approved IBC plan with business focused on drones, UAVs, and communication equipment, while capital restructuring is currently in progress.
- Revenue from operations reached ₹805.55 lakhs in Q1 ended June 30, 2026 (vs ₹0.00 in Q1 FY26 and ₹1,939.89 lakhs in Q4 FY26)
- Net profit stood at ₹166.71 lakhs vs ₹83.51 lakhs in Q1 FY26 and a net loss of ₹32,143.68 lakhs in Q4 FY26
- Basic and diluted EPS reported at ₹0.03 for the quarter
- Total expenses were ₹645.42 lakhs, with purchase costs contributing ₹450.68 lakhs
- 49th Annual General Meeting fixed for Wednesday, September 30, 2026
Bharati Defence and Infrastructure Limited (BDIL) has approved the merger of Exicom Technologies (ETPL) and Hind Simulation Training (HSTPL) into itself. ETPL brings a significant turnover of ₹60.57 crore and a net worth of ₹51.32 crore, which will substantially bolster BDIL's current turnover of ₹28.91 crore. The merger aims to create a consolidated entity specializing in defense systems, UAVs, and simulators, leveraging combined assets of over ₹130 crore.
- Amalgamation of Exicom Technologies (Turnover: ₹60.57 Cr) and Hind Simulation into BDIL.
- Share exchange ratio of 1,98,887 BDIL shares for every 10,000 ETPL shares held.
- Share exchange ratio of 9,49,545 BDIL shares for every 1,000 HSTPL shares held.
- Combined entity to focus on high-growth areas like UAVs, Kamikaze drones, and navigation systems.
- Current promoter holding stands at 95% post-NCLT order, with a mandate to increase public float to 10% within 18 months of relisting.
Bharati Defence and Infrastructure Limited reported a significant net loss of ₹312.73 crore for the fiscal year ended March 31, 2026, compared to a profit of ₹14.29 crore in the previous year. This loss is primarily attributed to a massive exceptional item of ₹328.35 crore related to the write-off and reversal of legacy assets and liabilities following an NCLT-approved Resolution Plan. Operationally, the company showed growth with revenue from operations rising 24% year-on-year to ₹28.91 crore, and a profit before exceptional items of ₹15.73 crore.
- Revenue from operations grew to ₹2,891.09 lakhs in FY26 from ₹2,329.84 lakhs in FY25.
- Reported a net loss of ₹31,273.19 lakhs for FY26, driven by a ₹32,835.47 lakh exceptional charge.
- Profit before exceptional items and tax stood at ₹1,572.80 lakhs, indicating operational profitability.
- The exceptional items represent adjustments made by new management under the IBC Resolution Plan.
- Auditors issued an unmodified opinion but noted that certain debit/credit balances are subject to independent confirmation.
Bharati Defence and Infrastructure Limited reported a net profit of ₹291.72 Lakhs for the quarter ended December 31, 2025, showing a recovery from a loss of ₹3.77 Lakhs in the same quarter last year. However, the company reported zero revenue from core operations, with all income derived from 'Other Operating Revenue'. Sequentially, net profit declined by 41% from ₹495.25 Lakhs in the September 2025 quarter. The company remains in a precarious financial position with massive negative reserves and is currently undergoing capital restructuring.
- Net Profit for Q3 FY26 stood at ₹291.72 Lakhs versus a loss of ₹3.77 Lakhs in Q3 FY25.
- Revenue from core operations remained at zero, with total income of ₹314.87 Lakhs coming from other operating sources.
- Nine-month net profit for FY26 reached ₹869.98 Lakhs compared to ₹117.93 Lakhs in the previous year's period.
- The company is actively undergoing capital restructuring including reduction of share capital.
- Reserves and surplus remain deeply negative at approximately -₹8,03,679 Lakhs as per the last audited balance sheet.
Bharati Defence and Infrastructure Limited's board approved the unaudited financial results for the quarter ended September 30, 2025. The company's total income for the quarter stood at ₹525.75 lakhs compared to ₹1,072.62 lakhs in the corresponding quarter of the previous year. Net profit for the period was ₹495.25 lakhs. The company's capital restructuring is still in progress. Investors should note the negative reserves of ₹8,03,100.13 lakhs.
- Total Income for Q2 2025: ₹525.75 lakhs
- Net Profit for Q2 2025: ₹495.25 lakhs
- Paid-up equity share capital: ₹5,029.89 lakhs
- Reserves excluding revaluation reserve: ₹(8,03,100.13) lakhs
- Basic earnings per share: ₹0.10
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