BPL Limited's Profit Down by 97% in FY25
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST
Bangalore, May 28, 2025 – BPL Limited (BSE: 500074 | NSE: BPL) announced the audited financial results for the quarter and year ended March 31, 2025, along with announcing some key appointments.
Financial Highlights (Standalone)
| Particulars (₹ in Lakhs) | FY25 | FY24 | YoY % |
|---|---|---|---|
| Revenue from Operations | 7,835.86 | 6,642.55 | +18.0% |
| Other Income | 5,838.45 | 518.08 | >10x |
| Total Income | 13,674.31 | 7,160.63 | +91.0% |
| Total Expenses | 7,011.45 | 5,468.54 | +28.2% |
| Exceptional Item (Arbitration Payout) | 6,614.43 | – | – |
| Profit Before Tax | 48.44 | 1,692.09 | -97.1% |
| Net Profit After Tax | 40.77 | 1,345.87 | -97.0% |
Financial Highlights (Consolidated)
| Particulars (₹ in Lakhs) | FY25 | FY24 | YoY % |
|---|---|---|---|
| Revenue from Operations | 7,835.86 | 6,642.55 | +18.0% |
| Total Income | 13,696.48 | 7,193.89 | +90.3% |
| Net Profit After Tax | 9.42 | 1,340.82 | -99.3% |
| Total Comprehensive Income | (17.16) | 1,352.38 | – |
Segment-Wise Performance
- The Brand Licensing Fee increased to ₹2,465.75 lakh in FY25 from ₹2,135.08 lakh in FY24.
- The PCB (Printed Circuit Board) Revenue increased to ₹5,370.11 lakh from ₹4,507.47 lakh. The company also recorded other income of ₹5,860.63 lakh, mainly from asset sales and dividend income.
Corporate Developments
Key Appointments & Approvals:
- Mr. Ajit G Nambiar was reappointed as Chairman & Managing Director for a three-year term from April 1, 2025, to March 31, 2028.
- Appointment of Mr. Nowroz Jal Cama and Dr. Chandan Juneja as Independent Directors for a five-year term (FY26-FY30). The appointment is subject to shareholder approval.
- Approved the renewal of the lease agreement with Electronic Research Pvt Ltd.
- Adopted updated policies on Materiality, Related Party Transactions, and Code of Conduct.
- Announced an EGM on June 28, 2025, with a cut-off date of June 22 for e-voting.
Audit and Compliance
- MKUK & Associates was the Chartered Accountants for the reports. They issued a qualified audit opinion, citing the unresolved ₹169.59 crore in non-redeemed preference shares that have been overdue since August 2019.
- Auditors also highlighted potential concerns over ongoing problems related to BPL Power Projects (AP) Pvt Ltd.
- No fraud or material misstatements were identified, and internal controls were deemed adequate; however, improvement is recommended.
Cash Flow Snapshot (Standalone)
| Particulars | FY25 (₹ in Lakhs) | FY24 (₹ in Lakhs) |
|---|---|---|
| Cash from Operations | 914.87 | 750.36 |
| Net Cash from Investing | 6,055.70 | (869.58) |
| Net Cash from Financing | (250.27) | 633.32 |
| Cash at Year-End | 118.00 | 597.71 |
Outlook
BPL’s overdue preference shares and the arbitration payout are negatively impacting its balance sheet, even as its core business is performing well. The company is focusing on strengthening its corporate governance. and monetising its brand, and has been making various initiatives for the same with new leadership.
Note: The company did not declare any dividend for FY25. Its contingent liabilities as of March 31, 2025, stood at ₹69.83 crore (standalone) and ₹70.08 crore (consolidated).
REF: https://nsearchives.nseindia.com/corporate/BPL_29052025123855_OUTCOME_BM_280525.pdf
