BF Utilities quarterly results and financials

BF Utilities (BFUTILITIE)₹442.05−1.17%(9 Nov 2026 close)Road AssetsToll, Annuity, Hybrid-Annuity

Key facts

In the Mar 2026 quarter (standalone), BF Utilities reported sales of ₹1.68 Cr, down 29.4% from Mar 2025, and net profit of −₹3.63 Cr, down 4,637.5% year on year. For the year to Mar 2026, sales were ₹18.87 Cr and net profit ₹2.22 Cr.

Sales (Mar 2026): ₹1.68 Cr
Net profit (Mar 2026): −₹3.63 Cr
Sales (FY Mar 2026): ₹18.87 Cr
Net profit (FY Mar 2026): ₹2.22 Cr
EPS (Mar 2026): ₹−0.98
Borrowings (Mar 2026): ₹0.09 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

BF Utilities quarterly results

₹ crore unless stated; each column is a quarter.

BF Utilities Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	5.37	10.30	1.36	2.39	5.46	8.93	1.85	2.38	5.78	7.98	3.45	1.68
Expenses	5.75	9.13	2.76	3.50	5.37	8.11	3.04	2.92	7.78	6.29	4.96	7.00
Operating Profit	−0.39	1.13	−1.41	−1.12	0.08	0.78	−1.22	−0.55	−2.02	1.66	−1.50	−5.34
OPM %	−7.5%	11.0%	−102.3%	−47.6%	1.3%	8.8%	−65.8%	−23.7%	−35.3%	20.9%	−43.7%	−320.5%
Other Income	0.50	0.56	0.61	14.60	19.61	1.55	1.03	1.00	11.53	1.08	−1.11	2.15
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.19	0.19	0.19	0.19	0.19	0.18	0.18	0.18	0.18	0.18	0.17	0.15
Profit before tax	−0.10	1.52	−0.99	13.26	19.46	2.17	−0.37	0.27	9.30	2.58	−2.78	−3.36
Tax %	−55.6%	3.3%	−26.6%	29.2%	10.0%	144.9%	72.2%	73.1%	30.9%	30.7%	−15.9%	8.6%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−1.99	1.01
Net Profit	−0.05	1.46	−0.73	9.39	17.51	−0.96	−0.61	0.08	6.43	1.80	−2.34	−3.63
EPS (Rs)	−0.02	0.40	−0.20	2.50	4.65	−0.27	−0.17	0.03	1.71	0.48	−0.63	−0.98

BF Utilities profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

BF Utilities Profit and loss
	Mar 2016 6m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5.22	21.28	14.86	17.83	19.26	14.60	18.41	18.05	19.41	18.60	18.87	18.89
Expenses	3.62	7.39	11.25	16.80	16.79	16.39	18.13	19.05	21.12	19.43	26.02	26.03
Operating Profit	1.57	13.85	3.57	0.97	2.41	−1.84	0.21	−1.05	−1.78	−0.90	−7.21	−7.20
OPM %	30.3%	65.1%	24.1%	5.3%	12.5%	−12.6%	1.2%	−5.9%	−9.3%	−4.9%	−38.4%	−38.1%
Other Income	0.05	4.11	18.44	32.01	4.52	2.44	6.62	8.61	16.24	23.18	13.63	13.65
Interest	0.40	5.84	3.58	2.46	1.08	0.57	0.22	0.03	0.00	0.00	0.00	0.00
Depreciation	1.95	3.88	3.87	3.87	3.88	3.58	2.03	0.72	0.72	0.69	0.65	0.68
Profit before tax	−0.74	8.24	14.57	26.61	1.98	−3.54	4.60	6.78	13.71	21.53	5.74	5.74
Tax %	38.4%	11.2%	−8.7%	−2.2%	−27.9%	−51.3%	38.3%	14.6%	26.3%	25.6%	61.1%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−0.98
Net Profit	−1.02	7.29	15.84	27.18	2.51	−1.71	2.82	5.76	10.10	16.00	2.22	2.26
EPS (Rs)	−0.28	1.95	4.21	7.22	0.68	−0.47	0.76	1.54	2.69	4.25	0.60	0.58
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

BF Utilities balance sheet

₹ crore, at each year end.

BF Utilities Balance sheet
	Sep 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18.88	18.89	18.89	18.87	18.89	18.88	18.90	18.89	18.90	18.89	18.89	18.89
Reserves	59.33	58.35	65.84	81.75	109	111	110	113	119	129	145	148
Borrowings	75.69	82.13	62.53	46.54	37.12	30.27	25.01	21.00	18.70	13.05	10.54	0.09
Other Liabilities	53.18	45.89	65.73	59.42	52.43	48.03	37.66	33.37	33.37	34.05	33.88	35.49
Total Liabilities	207	205	213	207	217	209	191	186	190	195	209	202
Fixed Assets	27.40	25.49	21.61	17.78	13.92	10.11	6.55	4.55	3.85	3.16	2.53	1.97
CWIP	7.42	7.80	11.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	106	114	112	111	111	110	110	111	111	111	111	111
Other Assets	66.76	58.28	67.99	77.88	92.83	88.18	74.42	71.05	75.56	81.39	95.23	89.18
Inventories	0.05	0.07	0.27	0.15	0.06	0.09	0.06	0.03	0.03	0.04	0.03	0.03
Trade receivables	2.58	0.71	9.07	1.68	1.83	0.36	0.00	0.04	0.00	0.00	0.00	0.00
Cash & equivalents	1.75	2.30	8.87	23.15	40.37	37.45	32.53	30.31	34.20	39.50	35.04	43.67
Total Assets	207	205	213	207	217	209	191	186	190	195	209	202

BF Utilities cash flow

₹ crore, for each year.

BF Utilities Cash flow
	Sep 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	7.15	3.63	22.13	10.75	0.81	0.47	−3.06	0.31	−2.44	−4.86	−23.60	−11.41
Cash from investing activity	28.81	−8.70	−1.31	−3.94	9.63	22.51	−2.63	−2.82	3.80	11.48	24.88	21.65
Cash from financing activity	−36.85	5.63	−14.31	−13.06	−12.17	−6.16	−3.78	−4.23	−2.33	−5.64	−2.51	−10.51
Net cash flow	−0.76	0.53	6.57	−6.26	−1.69	16.93	−9.50	−6.76	−0.96	1.04	−1.24	−0.25
Capex	4.87	0.37	3.38	0.00	0.02	0.04	0.00	0.01	0.00	0.01	0.05	0.00
Free cash flow	2.30	3.27	18.82	11.41	0.80	0.44	−3.08	0.31	−2.47	−4.90	−23.80	−11.47
CFO / OP %	68.9%	231.9%	177.0%	389.9%	−3.0%	37.9%	170.9%	254.9%	99.9%	63.0%	1,999.9%	117.9%

BF Utilities ratios

Working-capital days and returns, by year.

BF Utilities Ratios
	Sep 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	48	48	155	40	36	6	0	0	0	0	0	0
Cash conversion cycle	49	49	156	41	37	7	0	1	0	0	0	0
Working capital days	−1,085	−4,624	−1,335	−1,780	−1,337	−1,160	−952	−620	−577	−435	−392	−183
ROCE %	2.7%	−0.2%	9.2%	12.1%	18.6%	1.9%	−1.9%	3.1%	4.4%	8.6%	12.8%	3.9%

BF Utilities: frequently asked questions

What are the latest quarterly results of BF Utilities?

For the Mar 2026 quarter, BF Utilities reported sales of ₹1.68 Cr, down 29.4% year on year and net profit of −₹3.63 Cr, down 4,637.5% year on year. The operating margin was −320.5%.

What is the annual revenue of BF Utilities?

BF Utilities' sales for the year to Mar 2026 were ₹18.87 Cr; over the last twelve months they were ₹18.89 Cr.

What is the net profit of BF Utilities?

Net profit for the year to Mar 2026 was ₹2.22 Cr, and ₹2.26 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.58.

How much debt does BF Utilities have?

BF Utilities reported borrowings of ₹0.09 Cr at Mar 2026, against cash and equivalents of ₹43.67 Cr.

What is the free cash flow of BF Utilities?

Cash from operations was −₹11.41 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹11.47 Cr.

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