Bhagwati Oxygen Limited reported a widened net loss of ₹32.94 crore for the quarter ended June 30, 2026, marking a sharp deterioration from the ₹3.27 crore loss posted in the corresponding period of FY25. The company’s total income fell to ₹20.86 crore, down from ₹42.21 crore in Q1FY25.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 14, 2026. The filings were subsequently published in Financial Express and Jansatta newspapers on August 17, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s earnings per share (EPS) stood at a loss of ₹1.42 per equity share of face value ₹10 each, compared to a loss of ₹0.14 per share in the previous year’s quarter. Pre-tax profit before exceptional items also turned negative at (₹37.54 crore), whereas the same metric was at (₹2.76 crore) in Q1FY25.

What the Numbers Show

The divergence between the company’s current quarterly performance and its full-year trajectory is notable. While the full fiscal year FY26 concluded with a net profit of ₹326.81 crore and total income of ₹516.95 crore, the Q1FY27 figures indicate a significant reversal in operational momentum. The total income for the quarter represents less than 4% of the previous full year’s revenue base, suggesting a potential seasonal or structural shift in demand that contrasts sharply with the profitability delivered in the preceding twelve months.

Bhagawati Oxygen Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹328.81 lakh compared to a net loss of ₹45.09 lakh in the previous year. The turnaround was driven by a significant increase in other income, which offset a decline in revenue from operations. Total income for the year stood at ₹518.95 lakh, a sharp rise from ₹167.64 lakh in FY25. The company's Board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹326.45 lakh, a substantial increase from the net profit of ₹14.36 lakh in the same quarter of the previous year. Revenue from operations for the quarter decreased to ₹0.61 lakh from ₹0.86 lakh in the corresponding period last year. However, other income for the quarter surged to ₹380.66 lakh, compared to ₹47.67 lakh in Q4FY25. Total expenses for the quarter were ₹48.19 lakh, slightly higher than the ₹41.85 lakh reported in the prior year's fourth quarter.

Segment Results

The company operates primarily in the Gases and Power segments. The Gases segment reported a profit before tax and interest of ₹340.39 lakh for the quarter ended March 31, 2026, compared to ₹4.20 lakh in the same period last year. For the full year, the Gases segment recorded a profit of ₹299.32 lakh, recovering from a loss of ₹73.90 lakh in FY25. The Power segment reported a profit of ₹40.91 lakh for the year, up from ₹35.22 lakh in the previous year.

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at ₹1,039.16 lakh, a decrease from ₹1,113.34 lakh in the previous year. Non-current assets increased to ₹826.19 lakh from ₹721.63 lakh, largely due to an increase in investments and other financial assets. Current assets decreased to ₹212.97 lakh from ₹391.71 lakh, primarily due to a reduction in trade receivables. Total equity and liabilities stood at ₹1,039.16 lakh, with total equity rising to ₹725.22 lakh from ₹397.07 lakh in the prior year.

Regulatory Disclosures

The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors. The statutory auditors, Chaturvedi & Co LLP, issued an audit report stating that the financial results give a true and fair view and are in conformity with Indian Accounting Standards. The report also confirmed that the audit report on the financial statements does not contain any modified opinion. The results are subject to limited review as required under the Listing Regulations.