Blue Pearl Agriventures Submits Revised Audited FY26 Results

Revenue from operations: ₹5,000.02 lakhs (compared to ₹3,532.98 lakhs in FY25)
Total Income: ₹5,000.02 lakhs (compared to ₹3,532.98 lakhs in FY25)
Total expenses: ₹4,863.13 lakhs (compared to ₹3,455.51 lakhs in FY25)
Profit before tax: ₹136.89 lakhs (compared to ₹77.47 lakhs in FY25)
Tax expense: ₹33.58 lakhs (Current tax)
Net Profit for the year: ₹103.30 lakhs (compared to ₹64.47 lakhs in FY25)
Earnings per share (Basic & Diluted): ₹0.02 (compared to ₹0.01 in FY25)
Paid-up Equity Share Capital: ₹6,025.60 lakhs (unchanged)
Face Value Per Share: ₹1.00

Revenue from operations: ₹1,219.09 lakhs (Q3 FY26: ₹1,358.38 lakhs; Q4 FY25: ₹1,148.24 lakhs)
Total Income: ₹1,219.09 lakhs
Total expenses: ₹1,192.17 lakhs
Profit before tax: ₹26.92 lakhs (Q4 FY25: loss of ₹58.34 lakhs)
Tax expense: ₹6.08 lakhs (Current tax)
Net Profit for the quarter: ₹20.83 lakhs (Q4 FY25: loss of ₹34.02 lakhs)
Earnings per share (Basic & Diluted): ₹0.00 (Q4 FY25: negative ₹0.01)

Net Cash From Operating Activities: negative ₹7.80 lakhs (FY25: negative ₹5,958.48 lakhs)
Net Cash From Investing Activities: not quantified (FY25: negative ₹2.38 lakhs)
Net Cash From Financing Activities: ₹3.78 lakhs (FY25: ₹5,959.20 lakhs)
Cash and Cash Equivalents at year-end: ₹33.32 lakhs

The statutory auditors, M/s. Shweta Jain & Co LLP, issued a qualified opinion on the financial results citing four main areas of concern:

Auditor's Qualification: Management did not provide item-wise quantitative details, supporting valuation workings, or management representation confirming existence, quantity and valuation of inventory.
Management's Response: Inventory accounted for based on books of account and internal records. Believes inventory appropriately valued. Attributes inability to furnish details to procedural and documentation constraints. States no material adjustment required.
Auditor's Comment: Unable to obtain sufficient appropriate audit evidence regarding existence and valuation.

Auditor's Qualification: Includes overdue receivables of ₹20.97 Crore from previous years with no recoveries. No sufficient evidence regarding recoverability, including balance confirmations or expected credit loss assessment.
Management's Response: Believes receivables are recoverable in ordinary course of business. Delays attributed to commercial considerations. No material impairment considered necessary.
Auditor's Comment: Unable to comment on recoverability or determine consequential financial impact.

Auditor's Qualification: Direct balance confirmations from banks were not made available for verification.
Management's Response: Bank balances reconciled with books of account and supported by bank statements. Attributes lack of confirmations to procedural issues. Believes balances are accurate.
Auditor's Comment: Unable to verify accuracy and completeness of bank balances.

Auditor's Qualification: No payments made to certain parties during the year. No adequate explanation, supporting documents or confirmations regarding reasons for non-payment.
Management's Response: Confirms payables represent valid and genuine liabilities. Non-payment attributed to commercial arrangements, reconciliations and liquidity management. No adjustment required.
Auditor's Comment: Unable to comment on completeness, genuineness and appropriateness of carrying value.

The Management confirms that based on their assessment:

No change in share capital reported. Paid-up equity share capital remains at ₹6,025.60 lakhs with face value of ₹1.00 per share.

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