Bhatia Communications & Retail (India) Limited reported a net profit of ₹6.8 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 90% year-on-year increase from ₹3.6 crore in Q1FY26. Revenue from operations grew 70% to ₹190 crore, up from ₹111.5 crore in the corresponding prior period.

The Surat-based consumer electronics retailer also declared an interim dividend of Re 0.01 per equity share of face value ₹1 each for the financial year 2026-27. The Board of Directors approved the unaudited standalone financial results during its meeting held on August 14, 2026.

Financial Performance

Revenue growth was primarily driven by increased purchases of stock-in-trade, which rose to ₹178.7 crore from ₹98.9 crore in the previous year. The company recorded a positive change in inventories of ₹10.6 crore, compared to a negative change of ₹0.3 crore in Q1FY26, indicating a significant build-up of stock-in-trade.

Total expenses stood at ₹181.6 crore, up from ₹107.4 crore in the prior year period. Employee benefit expenses increased to ₹2.3 crore from ₹1.8 crore, while finance costs declined slightly to ₹0.5 crore from ₹0.6 crore. Other expenses rose to ₹9.5 crore from ₹5.0 crore.

What the Numbers Show

The company’s debt-equity ratio improved significantly to 0.04 from 0.20 in the corresponding quarter of the previous year, reflecting a stronger balance sheet position. This improvement coincides with a substantial increase in interest service coverage ratio, which jumped to 49.48 from 24.78, indicating enhanced ability to meet interest obligations from operating profits.

The tax expense for the quarter was ₹2.3 crore, with current tax at ₹2.4 crore partially offset by deferred tax credit of ₹0.16 crore. Earnings per share (basic) rose to ₹0.48 from ₹0.29 in Q1FY26.

Dividend Declaration

Shareholders on record as per the company’s communication will receive the interim dividend of Re 0.01 per share. The payout represents a modest return given the face value of ₹1 per equity share. The company has no pending investor complaints as of the end of the quarter.

The financial results were reviewed by R P R & Co., Chartered Accountants, under Standard on Review Engagements (SRE) 2410. The company operates in a single segment as per IndAS 108 and has no holding, subsidiary, joint venture, or associate concerns.

Bhatia Communications & Retail (India) Limited shareholders approved the appointment of M/s. R Kejriwal & Co. as the company’s statutory auditors for a term of five consecutive years during the 18th Annual General Meeting held on July 25, 2026. The new mandate begins immediately following the conclusion of that meeting and extends until the conclusion of the annual general meeting to be held in 2031. This appointment replaces M/s. R P R & Co., Chartered Accountants, whose term ended at the same meeting.

The decision was communicated to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was conducted via Video Conferencing / Other Audio-Visual Means (VC/OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). Chintikaben Hasmukhbhai Shah, Company Secretary and Compliance Officer, signed the disclosure on July 27, 2026.

Auditor Profile

M/s. R Kejriwal & Co. is a firm of Chartered Accountants holding Firm Registration No. 133558W. The firm provides taxation and audit services and possesses more than 13 years of experience in professional services. According to the filing, the firm employs a team of highly competent professionals with technical expertise in statutory audits, financial reporting, tax laws, and company law.

Key Appointment Details

The filing confirms that there are no disclosed relationships between the directors of Bhatia Communications & Retail (India) Limited and the newly appointed auditor, marking this field as "Not applicable" under the required disclosures.