Bloom Industries FY26 net profit rises to ₹115.32 lakh

2 min read     Updated on 28 May 2026, 09:34 PM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Bloom Industries Limited reported a net profit of ₹115.32 lakh for FY26, a rise from ₹49.41 lakh in FY25, while revenue from operations fell to ₹1,412.23 lakh. The auditor noted statutory defaults, including non-filing of GST returns and TDS. The Board appointed Mrs. Puja Shaw as Company Secretary and Compliance Officer.

powered bylight_fuzz_icon
41335203

*this image is generated using AI for illustrative purposes only.

Bloom Industries Limited reported a net profit of ₹115.32 lakh for the financial year ended March 31, 2026, a significant increase from ₹49.41 lakh in the previous year. The company's revenue from operations fell to ₹1,412.23 lakh in FY26 from ₹2,356.26 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹70.41 lakh on a total income of ₹105.49 lakh, compared to a net profit of ₹8.03 lakh on a total income of ₹411.15 lakh in the same quarter last year.

The Board of Directors, in its meeting held on May 26, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026. M/s Tibrewal Chand & Co., Chartered Accountants, issued an unmodified opinion on the financial results. The auditor highlighted that the company faced statutory defaults during the financial year, including the non-filing of Goods and Services Tax (GST) returns since May 2025, leading to the cancellation of its GST registration on December 6, 2025. Additionally, the company did not deposit Tax Deducted at Source (TDS) or file TDS returns for the entire financial year.

The company submitted an extract of the audited financial results to the Bombay Stock Exchange on May 28, 2026, confirming compliance with Regulation 47(3) of the SEBI (LODR) Regulations, 2015. The results were advertised in Utkal Mail (Odia Daily) and Business Standard on May 27, 2026.

Financial Performance

The company's total income for FY26 stood at ₹1,547.72 lakh, down from ₹2,373.91 lakh in the previous year. Total expenses decreased to ₹1,425.08 lakh from ₹2,313.73 lakh. Profit before tax for the year improved to ₹122.64 lakh from ₹60.18 lakh. Earnings per share (EPS) for the year increased to ₹1.74 from ₹0.74 in the previous year.

Particulars Year Ended 31.03.2026 (₹ in Lakhs) Year Ended 31.03.2025 (₹ in Lakhs)
Revenue From Operations 1,412.23 2,356.26
Total Income 1,547.72 2,373.91
Total Expenses 1,425.08 2,313.73
Profit Before Tax 122.64 60.18
Net Profit 115.32 49.41
Earnings Per Share (Basic) 1.74 0.74

Board Appointments

The Board took note of the completion of the tenure of M/s Pawan Shyam Associates, Chartered Accountants, as Internal Auditors. Consequently, the Board approved the appointment of Mrs. Puja Shaw (ACS 38493) as Company Secretary and Compliance Officer effective May 26, 2026. Mrs. Shaw brings over 10 years of experience in corporate secretarial affairs and statutory compliances.

Historical Stock Returns for Bloom Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+4.95%+7.06%+7.10%+9.17%+9.17%+251.61%

How will the cancellation of GST registration impact the company's ability to secure future contracts and maintain operational continuity?

What specific measures is the new Compliance Officer implementing to resolve the statutory defaults and prevent future non-compliance?

Can the company sustain its improved profit margins given the significant decline in revenue from operations?

Bloom Industries Limited Confirms Non-Applicability of Large Corporate Disclosure Requirements

1 min read     Updated on 13 Apr 2026, 12:17 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Bloom Industries Limited has notified BSE that it does not qualify as a Large Corporate Entity under SEBI Circular dated November 26, 2018, as of March 31, 2026. The company is therefore exempt from Large Corporate disclosure requirements including Initial Disclosure and Annual Disclosure submissions. The non-applicability confirmation was signed by Director Vikash Gupta and submitted to BSE on April 11, 2026, ensuring regulatory compliance.

powered bylight_fuzz_icon
37608471

*this image is generated using AI for illustrative purposes only.

Bloom Industries Limited has officially informed the Bombay Stock Exchange (BSE) that it does not meet the criteria to be classified as a Large Corporate Entity under the Securities and Exchange Board of India (SEBI) regulations. The company submitted its non-applicability confirmation on April 11, 2026, addressing the disclosure requirements outlined in SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Regulatory Compliance Status

The company has confirmed that it does not fulfill the Large Corporate criteria as specified in Para 2.2 of the SEBI circular as of March 31, 2026. This determination exempts Bloom Industries Limited from the mandatory disclosure obligations that apply to entities classified as Large Corporates under the regulatory framework.

Parameter Details
Reference Date March 31, 2026
SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144
Circular Date November 26, 2018
BSE Scrip Code 513422
Notification Date April 11, 2026

Disclosure Exemptions

Due to its non-Large Corporate status, Bloom Industries Limited is not required to submit the following disclosures to the stock exchange:

  • Large Corporates Initial Disclosure for identification as Large Corporate
  • Large Corporates Annual Disclosure detailing incremental borrowings
  • Compliance with stipulated timeframes for Large Corporate Entity submissions

The company has fulfilled its regulatory obligation by providing the mandatory non-applicability confirmation to BSE in the specified format, ensuring transparency regarding its compliance status.

Authorization and Documentation

The non-applicability confirmation was duly authorized and signed by Vikash Gupta, Director of Bloom Industries Limited, bearing DIN: 01326705. The document was submitted with the company's official seal from its Rourkela office, ensuring proper authentication of the regulatory communication.

This confirmation allows Bloom Industries Limited to maintain its current reporting structure without the additional disclosure burdens associated with Large Corporate Entity classification, while ensuring full compliance with SEBI's regulatory framework.

Historical Stock Returns for Bloom Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+4.95%+7.06%+7.10%+9.17%+9.17%+251.61%

What are the specific financial thresholds that Bloom Industries would need to cross to be classified as a Large Corporate Entity in future periods?

How might this non-Large Corporate status impact Bloom Industries' ability to access capital markets or secure institutional funding?

Will Bloom Industries' exemption from enhanced disclosure requirements affect investor confidence or institutional interest in the company?

More News on Bloom Industries

1 Year Returns:+9.17%