Standalone Financial Results (Q1 FY27 vs Q1 FY25 vs Q4 FY26 vs FY26):
Total Income: ₹1,084.07 lakhs (Q1 FY27) vs ₹860.14 lakhs (Q1 FY25) vs ₹1,068.03 lakhs (Q4 FY26) vs ₹4,049.20 lakhs (FY26)
Profit Before Tax: ₹42.21 lakhs (Q1 FY27) vs ₹48.53 lakhs (Q1 FY25) vs ₹32.81 lakhs (Q4 FY26) vs ₹178.44 lakhs (FY26)
Net Profit: ₹28.62 lakhs (Q1 FY27) vs ₹37.06 lakhs (Q1 FY25) vs ₹21.72 lakhs (Q4 FY26) vs ₹131.70 lakhs (FY26)
Basic EPS: ₹0.25 (Q1 FY27) vs ₹0.33 (Q1 FY25) vs ₹0.16 (Q4 FY26) vs ₹1.16 (FY26)
Paid-up Equity Share Capital: ₹1,140.00 lakhs (face value ₹10 each)
Consolidated Financial Results (Q1 FY27 vs Q1 FY25 vs Q4 FY26 vs FY26):
Total Income: ₹1,043.60 lakhs (Q1 FY27) vs ₹856.69 lakhs (Q1 FY25) vs ₹1,040.25 lakhs (Q4 FY26) vs ₹3,986.85 lakhs (FY26)
Profit Before Share of Associates and Tax: ₹(1.22) lakhs (Q1 FY27) vs ₹43.77 lakhs (Q1 FY25) vs ₹(2.12) lakhs (Q4 FY26) vs ₹86.22 lakhs (FY26)
Share of Profit of Associates: ₹85.30 lakhs (Q1 FY27) vs Not separately stated (Q1 FY25) vs ₹72.05 lakhs (Q4 FY26) vs ₹72.05 lakhs (FY26)
Profit After Tax (Continuing Operations): ₹70.49 lakhs (Q1 FY27) vs ₹32.30 lakhs (Q1 FY25) vs ₹58.84 lakhs (Q4 FY26) vs ₹111.54 lakhs (FY26)
Basic EPS: Not separately quantified for continuing vs discontinued operations in current quarter
Segment Information (Q1 FY27):
Automotive Segment Revenue: ₹1,032.89 lakhs
Automotive Segment EBITDA: ₹81.00 lakhs
Automotive Segment EBIT: ₹34.58 lakhs
Total Segment Assets: ₹8,052.26 lakhs
Total Segment Liabilities: ₹2,899.83 lakhs
Dates of Action
Board Meeting Date: August 13, 2026 (6:00 PM to 7:45 PM)
Quarter Ended: June 30, 2026
Prior Intimation Date: August 07, 2026
Fine Notice Date: June 30, 2026
Proposed Auditor Appointment Effective: September 30, 2026 (subject to member approval)
Parties Involved
Subsidiary: Bharat Technology Limited
Associates: SPAFAX International Holding Limited, SPAFAX International Limited
Statutory Auditors: M/s Viren Gandhi & Co (Chartered Accountants, FRN: 111558W)
Previous Auditors: G B C A & Associates LLP
Regulatory Authorities: BSE Limited, National Stock Exchange of India Limited, SEBI
Financial and Operational Impact
Audit Qualification Impact:
The statutory auditors issued a qualified conclusion on the consolidated financial results specifically regarding the share of profit from associates.
The qualification relates to the Group's share of net profit of ₹85.30 lakhs and other comprehensive income of ₹0.37 lakhs from SPAFAX International Holding Limited & SPAFAX International Limited.
These amounts are based on unaudited financial statements of the associates that have not been reviewed by their statutory auditors.
This is the second consecutive appearance of this qualification, with a similar issue affecting ₹72.05 lakhs profit share in FY26 annual results.
Cumulative unreviewed/unaudited share of profit across both periods amounts to ₹158.56 lakhs.
Management states the amounts are fairly presented and no material adjustments are expected.
Regulatory Fine:
BSE and NSE imposed a fine of ₹1,06,200 on the Company through notices dated June 30, 2026.
The Board noted the matter and advised strengthening compliance monitoring mechanisms.
Auditor Appointment:
Board approved appointment of M/s Viren Gandhi & Co as Statutory Auditors.
The appointment is for a term of five consecutive years from the conclusion of the 22nd AGM until the conclusion of the 27th AGM, subject to member approval.
The firm is a multi-disciplinary Chartered Accountancy firm offering services in IND AS Convergence, Statutory Audits, Taxation, and Business Advisory.
Capital Structure Impact:
No change in paid-up equity share capital reported for the current quarter.
No dilution or significant capital structure changes disclosed.
Management Commentary and Rationale
Management confirms that the share of profit of ₹85.30 lakhs from associates has been determined based on unaudited financial statements furnished by their management and is fairly stated.
Management is actively engaged with the associates to ensure audited or limited reviewed financial statements are made available at the earliest.
The Audit Committee is monitoring the progress toward resolution of the audit qualification matter.
The Board advised strengthening compliance monitoring mechanisms following the regulatory fine.
Additional Information
There are no investor complaints pending as on June 30, 2026.
The company has only one reportable segment - Automotive.
Previous periods' figures have been regrouped/reclassified where required for comparability.
The standalone financial results are not qualified, with the qualification applying only to consolidated results.
