Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Bharat Road
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 + | 97 | 94 | 99 | 91 | 97 | 93 | 103 | 76 | 232 | 47 | 46 | 17 | 42 |
| Expenses + | 167 | 109 | 47 | 98 | 49 | 49 | 53 | 68 | 54 | 42 | 18 | 64 | 8 |
| Operating Profit | -70 | -15 | 52 | -7 | 49 | 44 | 50 | 8 | 177 | 5 | 28 | -47 | 34 |
| OPM % | -72% | -16% | 53% | -7% | 50% | 47% | 48% | 11% | 76% | 11% | 61% | -276% | 82% |
| Other Income + | -5 | 2 | 2 | 2 | 2 | 5 | 5 | 5 | 7 | 6 | 5 | 67 | 8 |
| Interest | 46 | 46 | 47 | 48 | 47 | 46 | 46 | 5 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 15 | 15 | 16 | 16 | 16 | 34 | 21 | 18 | 18 | 18 | 19 | 7 | 17 |
| Profit before tax | -136 | -74 | -9 | -68 | -12 | -31 | -13 | -10 | 165 | -8 | 14 | 12 | 25 |
| Tax % | -6% | -7% | -22% | -3% | -16% | -6% | -16% | 2% | 0% | -10% | 3% | 1% | -1% |
| Net Profit + | -128 | -69 | -7 | -66 | -10 | -30 | -11 | -10 | 164 | -7 | 13 | 12 | 25 |
| EPS in Rs | -15.83 | -7.20 | -1.40 | -6.64 | -1.87 | -3.42 | -1.85 | -0.85 | 20.20 | -0.57 | 1.22 | 0.57 | 2.19 |
Financials of Bharat Road
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 10 | 8 | 1 | 142 | 153 | 401 | 299 | 210 | 216 | 326 | 380 | 274 | 153 |
| Expenses + | 10 | 9 | 4 | 173 | 172 | 248 | 116 | 163 | 266 | 322 | 242 | 218 | 132 |
| Operating Profit | -0 | -1 | -3 | -32 | -18 | 153 | 184 | 46 | -50 | 4 | 138 | 57 | 20 |
| OPM % | -1% | -11% | -388% | -22% | -12% | 38% | 61% | 22% | -23% | 1% | 36% | 21% | 13% |
| Other Income + | 0 | 33 | 4 | 1 | 98 | 48 | 34 | 35 | -133 | 14 | 11 | 206 | 85 |
| Interest | 51 | 41 | 50 | 31 | 44 | 205 | 193 | 167 | 182 | 184 | 188 | 54 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 34 | 36 | 39 | 43 | 57 | 82 | 74 | 61 |
| Profit before tax | -51 | -8 | -50 | -62 | 35 | -37 | -12 | -125 | -408 | -222 | -121 | 134 | 43 |
| Tax % | 0% | 0% | 0% | 1% | 33% | 16% | 9% | -5% | -5% | -8% | -6% | -2% | |
| Net Profit + | -61 | -26 | -93 | -62 | 23 | -44 | -13 | -119 | -389 | -205 | -113 | 136 | 44 |
| EPS in Rs | -60.76 | -26.42 | -92.54 | -11.40 | 2.78 | -4.56 | -1.90 | -13.61 | -44.83 | -24.96 | -13.34 | 16.81 | 3.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 36% | -11% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Bharat Road
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 55 | 84 | 84 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
| Reserves | 0 | -4 | -77 | 386 | 979 | 928 | 917 | 802 | 425 | 218 | 106 | 247 | 329 |
| Borrowings + | 462 | 567 | 885 | 559 | 1,041 | 1,372 | 1,556 | 1,539 | 1,492 | 1,413 | 1,328 | 434 | 434 |
| Other Liabilities + | 43 | 56 | 18 | 231 | 465 | 581 | 767 | 717 | 845 | 991 | 1,216 | 670 | 759 |
| Total Liabilities | 516 | 629 | 837 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,734 | 1,435 | 1,607 |
| Fixed Assets + | 2 | 2 | 2 | 25 | 893 | 869 | 1,689 | 1,661 | 1,629 | 1,536 | 1,453 | 578 | 553 |
| CWIP | 55 | 160 | 303 | 420 | 542 | 797 | 100 | 132 | 158 | 242 | 347 | 1 | 0 |
| Investments | 374 | 381 | 361 | 449 | 562 | 523 | 486 | 426 | 206 | 119 | 120 | 116 | 106 |
| Other Assets + | 86 | 86 | 171 | 337 | 573 | 776 | 1,048 | 924 | 853 | 810 | 814 | 740 | 947 |
| Total Assets | 516 | 629 | 837 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,734 | 1,435 | 1,607 |
Financials of Bharat Road
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 19 | -32 | -35 | -9 | 143 | 296 | 238 | 51 | 22 | 259 | 264 | 71 |
| Cash from Investing Activity + | -46 | 38 | -215 | -333 | -1,031 | -365 | -157 | 168 | 196 | 81 | -208 | -62 |
| Cash from Financing Activity + | 52 | -30 | 264 | 353 | 881 | 86 | -86 | -199 | -233 | -250 | -114 | -68 |
| Net Cash Flow | 25 | -24 | 14 | 11 | -7 | 17 | -5 | 20 | -15 | 90 | -57 | -59 |
| Free Cash Flow | -32 | -133 | -178 | -349 | -0 | -25 | 82 | 66 | -6 | 251 | 160 | 19 |
| CFO/OP | -39,300% | 3,500% | 1,157% | 26% | -801% | 198% | 130% | 114% | -47% | 6,047% | 191% | 128% |
Financials of Bharat Road
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 85 | 1,124 | 12 | 247 | 90 | 144 | 236 | 233 | 66 | 0 | 1 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 100 | 85 | 1,124 | 12 | 247 | 90 | 144 | 236 | 233 | 66 | 0 | 1 |
| Working Capital Days | -1,244 | -1,877 | -754 | -103 | -393 | -93 | 10 | -32 | -235 | -411 | -845 | -467 |
| ROCE % | -0% | 6% | 0% | -3% | 5% | 7% | 7% | 1% | -4% | -2% | 4% | 15% |