Key Business Transactions

The Board transacted the following businesses:

  • Approved and adopted the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report from statutory auditors and the press release format.
  • Considered and recorded the retirement of Mr. R Rajaraman from the position of Vice President – Magnet Technology Machines Division, effective close of business hours on August 31, 2026. He will cease to be a Senior Management Personnel.
  • The Nomination and Remuneration Committee and Board placed on record appreciation for Mr. Rajaraman's services.
  • Approved the appointment by re-designation of Mr. Khushru M. Vakharia as Vice President - Magnet Technology Machines Division (Senior Management Person), effective September 1, 2026.
  • Approved the appointment by re-designation of Mr. Ashwinikumar V. Sathe as Vice President - Projects Division (Senior Management Person), effective August 5, 2026.

Financial Results for Quarter Ended June 30, 2026 (₹ in crores, Unaudited)

Income:

  • Revenue from operations: ₹547.17 (Q1 FY26: ₹464.90; Q4 FY26: ₹767.09)
  • Other income: ₹10.89 (Q1 FY26: ₹10.28; Q4 FY26: ₹9.85)
  • Total Income: ₹558.06 (Q1 FY26: ₹475.18; Q4 FY26: ₹776.94)

Expenses:

  • Cost of materials consumed: ₹545.15 (Q1 FY26: ₹383.59; Q4 FY26: ₹586.34)
  • Purchases of stock-in-trade: ₹5.64 (Q1 FY26: ₹7.48; Q4 FY26: ₹8.02)
  • Change in inventories: (₹135.81) (Q1 FY26: (₹46.02); Q4 FY26: ₹10.65)
  • Employee benefits expense: ₹60.99 (Q1 FY26: ₹53.00; Q4 FY26: ₹60.43)
  • Finance costs: ₹7.80 (Q1 FY26: ₹2.03; Q4 FY26: ₹6.36)
  • Depreciation and amortization: ₹5.82 (Q1 FY26: ₹4.86; Q4 FY26: ₹6.22)
  • Other expenses: ₹42.38 (Q1 FY26: ₹33.21; Q4 FY26: ₹46.44)
  • Total Expenses: ₹531.97 (Q1 FY26: ₹438.15; Q4 FY26: ₹724.46)

Profitability:

  • Profit before tax: ₹26.09 (Q1 FY26: ₹37.03; Q4 FY26: ₹52.48)
  • Tax expense: ₹6.46 (Current tax: ₹6.23; Deferred tax: ₹0.23)
  • Profit for the period: ₹19.63 (Q1 FY26: ₹27.88; Q4 FY26: ₹39.30)
  • Other Comprehensive Income: ₹339.65
  • Total Comprehensive Income: ₹359.28

Per Share Data:

  • Earnings per equity share (₹5 face value): ₹17.37 (basic & diluted) (Q1 FY26: ₹24.66; Q4 FY26: ₹34.76)
  • Paid-up equity share capital: ₹5.65 crores

Segment Information (Quarter Ended June 30, 2026)

The company operates in two segments: Power Systems (Transformers, Turnkey Projects, Maintenance Products) and Industrial Systems (Electric Motors, Drives & Automation Systems, Magnet Technology Machines).

Segment Revenue:

  • Total Revenue from operations: ₹547.17 crores (Q1 FY26: ₹464.90; Q4 FY26: ₹767.09)

Segment Results (Profit before finance costs, unallocable expenses & tax):

  • Power Systems: ₹16.86 crores
  • Industrial Systems: ₹29.34 crores
  • Total: ₹46.20 crores
  • Less: Finance costs (₹7.26 crores), Unallocable expenses net (₹12.85 crores)
  • Profit before tax: ₹26.09 crores

Segment Assets:

  • Power Systems: ₹846.51 crores
  • Industrial Systems: ₹470.60 crores
  • Unallocable assets: ₹2,251.68 crores
  • Total Assets: ₹3,568.79 crores

Segment Liabilities:

  • Power Systems: ₹524.65 crores
  • Industrial Systems: ₹140.56 crores
  • Unallocable liabilities: ₹515.57 crores
  • Total Liabilities: ₹1,180.78 crores

Management Changes

Cessation:

  • Mr. R. Rajaraman, Vice President – Magnet Technology Machines Division, retired effective August 31, 2026.

Appointments:

  • Mr. Khushru M. Vakharia appointed as Vice President - Magnet Technology Machines Division effective September 1, 2026. He is 56 years old, holds a B.E. (Electrical) degree, and has over 35 years of experience in manufacturing, strategic planning, and supply chain management.
  • Mr. Ashwinikumar V. Sathe appointed as Vice President - Projects Division effective August 5, 2026. He is 58 years old, holds a B.E. (Electrical) degree and an MBA (Marketing), and has over 34 years of experience in marketing, project execution, and collections.

Regulatory and Audit Details

  • The financial results were reviewed by the Audit Committee and approved by the Board.
  • Statutory Auditors, Deloitte Haskins & Sells LLP, conducted a limited review and issued an unqualified report dated August 4, 2026.
  • The results are prepared in accordance with Indian Accounting Standards (Ind AS).
  • The company has no subsidiary, associate, or joint venture companies as of June 30, 2026.
  • The meeting commenced at 12:30 PM and concluded at 2:15 PM.

Additional Information

  • The information is being filed pursuant to SEBI Listing Regulations 30 and 33.
  • Reference made to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
  • Detailed annexures (I(A), I(B), I(C)) provide information on management changes as required by regulation.
  • The information will be available on the company's website: https://www.bharatbijlee.com/.