Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of BF Investment
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 8 | 5 | 6 | 15 | 9 | 13 | 8 | 19 | 9 | 26 | 9 | 19 | 10 |
| Expenses + | 1 | 3 | 1 | 1 | 1 | 4 | 1 | 1 | 0 | 32 | 1 | 3 | 1 |
| Operating Profit | 7 | 2 | 5 | 14 | 8 | 9 | 7 | 17 | 9 | -5 | 8 | 17 | 9 |
| OPM % | 89% | 34% | 86% | 93% | 93% | 71% | 92% | 94% | 95% | -21% | 85% | 86% | 89% |
| Other Income + | 71 | 150 | 70 | 79 | 69 | 325 | 236 | 38 | 1 | -0 | 43 | 37 | 111 |
| Interest | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 77 | 152 | 75 | 92 | 77 | 334 | 243 | 55 | 10 | -6 | 51 | 53 | 120 |
| Tax % | 24% | 25% | 25% | 25% | 25% | 25% | 25% | 35% | 30% | -40% | 25% | 25% | 25% |
| Net Profit + | 59 | 114 | 56 | 69 | 58 | 250 | 183 | 36 | 7 | -3 | 38 | 40 | 89 |
| EPS in Rs | 15.68 | 30.29 | 14.95 | 18.39 | 15.38 | 66.43 | 48.48 | 9.56 | 1.86 | -0.88 | 10.21 | 10.61 | 23.73 |
Financials of BF Investment
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 983 | 1,074 | 11 | 19 | 22 | 16 | 20 | 31 | 43 | 63 | 65 |
| Expenses + | 909 | 998 | 3 | 4 | 6 | 6 | 4 | 6 | 6 | 7 | 37 |
| Operating Profit | 74 | 77 | 8 | 14 | 16 | 11 | 16 | 26 | 36 | 56 | 28 |
| OPM % | 8% | 7% | 71% | 76% | 73% | 65% | 78% | 82% | 85% | 89% | 43% |
| Other Income + | 4 | 2 | 184 | 134 | 214 | 347 | 248 | 319 | 543 | 247 | 190 |
| Interest | 2 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 |
| Depreciation | 16 | 15 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Profit before tax | 59 | 63 | 192 | 148 | 230 | 357 | 264 | 344 | 579 | 302 | 218 |
| Tax % | 29% | 32% | 17% | 14% | 37% | 25% | 25% | 25% | 25% | 26% | |
| Net Profit + | 132 | 135 | 160 | 126 | 144 | 267 | 198 | 259 | 434 | 222 | 164 |
| EPS in Rs | 35.09 | 35.92 | 42.42 | 33.57 | 38.31 | 70.89 | 52.50 | 68.84 | 115.15 | 59.01 | 43.67 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Financials of BF Investment
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 980 | 1,125 | 2,421 | 2,033 | 1,692 | 3,279 | 4,019 | 4,671 | 6,182 | 6,881 | 7,064 |
| Borrowings + | 10 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Other Liabilities + | 149 | 174 | 120 | 135 | 213 | 294 | 345 | 418 | 612 | 700 | 715 |
| Total Liabilities | 1,159 | 1,318 | 2,559 | 2,187 | 1,924 | 3,591 | 4,382 | 5,108 | 6,814 | 7,600 | 7,798 |
| Fixed Assets + | 65 | 73 | 14 | 14 | 14 | 15 | 16 | 15 | 15 | 14 | 14 |
| CWIP | 3 | 3 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 667 | 770 | 2,499 | 2,086 | 1,777 | 3,424 | 4,177 | 4,838 | 6,459 | 7,128 | 7,270 |
| Other Assets + | 424 | 472 | 46 | 87 | 133 | 153 | 189 | 255 | 340 | 457 | 513 |
| Total Assets | 1,159 | 1,318 | 2,559 | 2,187 | 1,924 | 3,591 | 4,382 | 5,108 | 6,814 | 7,600 | 7,798 |
Financials of BF Investment
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | 51 | -2 | -25 | -3 | -6 | 6 | -0 | 9 | 21 |
| Cash from Investing Activity + | -22 | -26 | 5 | 30 | 11 | 13 | -27 | 7 | 18 | -49 |
| Cash from Financing Activity + | 36 | -6 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Net Cash Flow | 15 | 19 | 3 | 5 | 8 | 6 | -21 | 7 | 27 | -28 |
| Free Cash Flow | -84 | 41 | -2 | -24 | -3 | -6 | 6 | -0 | 9 | 21 |
| CFO/OP | 23% | 95% | -24% | -168% | -16% | -9% | 110% | 79% | 93% | 98% |
Financials of BF Investment
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61 | 68 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Inventory Days | 29 | 23 | ||||||||
| Days Payable | 65 | 72 | ||||||||
| Cash Conversion Cycle | 26 | 20 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Working Capital Days | 45 | 50 | 694 | 1,157 | 412 | 586 | 465 | 301 | 203 | 147 |
| ROCE % | 6% | 11% | 7% | 12% | 14% | 7% | 8% | 11% | 5% |
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