BKM Industries Limited reported a standalone net loss of ₹1,308.4 lakh for FY26, widening from the ₹556.7 lakh loss recorded in the previous fiscal year. The packaging and engineering products manufacturer posted revenue from operations of ₹67.2 lakh, a substantial increase from ₹6.1 lakh in FY25.

The board of directors approved the audited financial statements on May 18, 2026. Statutory auditors Prabhat & Co. expressed an unmodified opinion on the standalone results. The company operates under a single business segment, making segment reporting disclosures inapplicable.

Financial Performance

Revenue growth was driven by operational activity, though it remained dwarfed by expenses. Total income from operations reached ₹69.0 lakh in FY26 compared to ₹20.6 lakh in FY25. However, total expenses amounted to ₹485.6 lakh, down slightly from ₹535.6 lakh in the prior year.

Finance costs constituted a major portion of expenditures at ₹168.2 lakh, up from ₹20.3 lakh in FY25. Employee benefits expense also rose significantly to ₹69.5 lakh from ₹20.6 lakh. Despite these cost pressures, depreciation and amortization expenses decreased to ₹70.0 lakh from ₹78.6 lakh.

Balance Sheet Restructuring

The company’s balance sheet underwent significant changes due to restructuring and revaluation activities. Total assets surged to ₹5,535.3 lakh from ₹1,129.9 lakh in FY25. This expansion was primarily driven by property, plant, and equipment (PPE), which rose to ₹5,244.5 lakh from ₹693.8 lakh.

Note 9 states that the company revalued the PPE of its Silvassa and Bankura units on March 27, 2026, in accordance with Ind AS 16. The revaluation surplus was credited to the Revaluation Reserve. Additionally, pursuant to an NCLT order dated September 19, 2023, the company issued 2 crore equity shares of ₹1 each to the promoter company on February 21, 2026, as part of an approved restructuring plan.

Consequently, paid-up equity share capital increased to ₹212.4 lakh from ₹12.4 lakh. Total equity stood at ₹2,717.8 lakh, recovering from a negative net worth of (₹172.6 lakh) in the previous year.

What the Numbers Show

A critical divergence exists between the profit and loss statement and the comprehensive income figure. While the company reported a net loss of ₹1,308.4 lakh, the total comprehensive income for the period was positive at ₹3,190.4 lakh. This reversal is entirely attributable to other comprehensive income items, specifically the remeasurement of the net defined benefit liability/asset, which contributed ₹4,498.8 lakh. Without this non-operational accounting adjustment, the comprehensive loss would have mirrored the statutory net loss.

Cash Flow and Ratios

Operating activities generated a net cash inflow of ₹1.3 lakh, a marked improvement from the ₹961.2 lakh outflow in FY25. Investing activities consumed ₹111.1 lakh, largely due to sales of property, plant, and equipment amounting to ₹121.9 lakh. Financing activities resulted in a net inflow of ₹97.4 lakh, driven by repayments of short-term borrowings.

The debt-equity ratio improved to 1.45 from a negative value in the prior year, reflecting the restoration of positive equity. However, the current ratio remained tight at 0.15, indicating limited current assets relative to current liabilities. The debtors’ turnover ratio improved to 223 days from 970 days in FY25.

BKM Industries Limited reported a standalone net loss of ₹86.57 lakh for the quarter ended December 31, 2025, widening from a loss of ₹48.13 lakh in the corresponding period of the previous year.

The Kolkata-based manufacturer of packaging and engineering products recorded revenue from operations of just ₹0.76 lakh in Q3FY26, a sharp decline from ₹6.10 lakh logged in Q3FY25. The company’s Board of Directors approved the unaudited financial results on February 4, 2026.

Financial Performance

Total income for the quarter stood at ₹1.06 lakh, comprising the operating revenue and other income of ₹0.30 lakh. This was significantly outweighed by total expenses, which reached ₹87.63 lakh.

Finance costs emerged as the largest expense head, totaling ₹42.16 lakh for the quarter, compared to nil in the same period last year. Employee benefits expense rose to ₹16.15 lakh from ₹4.35 lakh year-on-year. Depreciation and amortisation expense accounted for ₹15.10 lakh, while other expenses stood at ₹13.43 lakh.

For the nine months ended December 31, 2025, the company posted a cumulative net loss of ₹244.45 lakh, compared to a loss of ₹622.92 lakh in the same period of FY25. Year-to-date revenue remained flat at ₹0.76 lakh against ₹6.10 lakh previously.

What the Numbers Show

The financial data reveals a stark divergence between operational activity and cost structure. While revenue from operations dropped by nearly 90% year-on-year, finance costs surged to become the dominant expense line item at ₹42.16 lakh. This indicates that the current period’s losses are primarily driven by debt servicing obligations rather than operational inefficiencies, especially given that material consumption costs were nil for the quarter.

Consolidated Results and Regulatory Notes

Consolidated results mirrored the standalone figures, with a net loss attributable to owners of the parent company at ₹86.57 lakh for the quarter. The consolidated group includes Euroasian Ventures FZE as a subsidiary.

Prabhat & Co., the statutory auditor, issued an unmodified limited review report on the results. The company noted that share capital and other asset/liability figures have been recast following its insolvency process, based on valuation reports approved by the National Company Law Tribunal (NCLT) and the Committee of Creditors (COC). Paid-up equity share capital remains at ₹12.35 lakh.