Hyderabad, February 3, 2025 – Bhagyanagar India Limited (BIL), a leading company in the wind energy and copper segment, has announced its unaudited financial results for the quarter and nine-month period ending December 31, 2024, during its board meeting held on February 3, 2025.
Financial Performance Overview
The company’s financial results, prepared in accordance with Indian Accounting Standards (IND AS), reflect its strategic shift in business operations. Below are the key highlights from both standalone and consolidated financial reports:
Standalone Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (31.12.2024) | Q2 FY25 (30.09.2024) | Q3 FY24 (31.12.2023) | 9M FY25 (31.12.2024) | 9M FY24 (31.12.2023) | FY24 (31.03.2024) |
|---|
| Revenue from operations | 38.80 | 273.12 | 21,437.51 | 453.11 | 72,417.38 | 72,469.79 |
| Other income | 103.70 | 59.25 | 46.23 | 221.78 | 4,563.00 | 4,704.39 |
| Total income | 142.49 | 332.37 | 21,483.74 | 674.88 | 76,980.38 | 77,174.18 |
| Profit Before Tax (PBT) | 18.70 | 66.84 | 175.30 | 100.59 | 4,630.86 | 4,657.66 |
| Net Profit | 9.69 | 40.27 | 75.35 | 51.99 | 3,929.59 | 3,934.03 |
| Earnings Per Share (EPS) – Basic & Diluted | 0.03 | 0.13 | 0.24 | 0.16 | 12.28 | 12.30 |
The sharp decline in revenue and net profit compared to the previous year is primarily due to the transfer of its copper business to its wholly-owned subsidiary, Bhagyanagar Copper Private Limited, effective January 1, 2024. This transition significantly altered the company’s revenue structure.
Consolidated Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (31.12.2024) | Q2 FY25 (30.09.2024) | Q3 FY24 (31.12.2023) | 9M FY25 (31.12.2024) | 9M FY24 (31.12.2023) | FY24 (31.03.2024) |
|---|
| Revenue from operations | 39,448.08 | 40,801.90 | 33,460.96 | 117,170.64 | 102,004.14 | 142,931.12 |
| Other income | 90.49 | 255.09 | 46.24 | 398.97 | 4,400.27 | 4,549.23 |
| Total income | 39,538.57 | 41,056.99 | 33,507.20 | 117,569.61 | 106,404.41 | 147,480.35 |
| Profit Before Tax (PBT) | 538.22 | 487.25 | 352.99 | 1,263.80 | 5,105.31 | 5,587.41 |
| Net Profit | 398.54 | 372.93 | 276.27 | 943.99 | 4,328.05 | 4,572.38 |
| Earnings Per Share (EPS) – Basic & Diluted | 1.25 | 1.17 | 0.86 | 2.95 | 13.53 | 14.29 |
Despite a stable revenue flow in Q3 FY25, the company’s consolidated profit has slightly increased compared to the previous quarter, reflecting the operational strength of its wind energy segment.
Leadership Changes
The board also acknowledged key leadership changes within the organization:
- Resignation of Mr. Narender Surana – Former Director, effective January 15, 2025.
- Resignation of Mr. Lalit Kumar Thanvi – Former Company Secretary and Compliance Officer, effective December 7, 2024.
- Appointment of Ms. Ritika Tandon – As the new Company Secretary and Compliance Officer, effective February 3, 2025.
Auditor’s Review
The financial results have been reviewed by Luharuka & Associates, which confirmed compliance with regulatory and accounting standards. No material misstatements were found in the reports.
Looking Ahead
Bhagyanagar India Limited is now focusing entirely on its wind power operations after exiting the copper business. The transition is expected to bring strategic benefits, with long-term stability anticipated in the renewable energy sector.