Blueblood Ventures FY26 Results: Net profit rises 4.5x to ₹3.26 lakh

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Net profit after tax rose 4.5x YoY to ₹3.26 lakh in FY26
  • Total revenue grew 38% to ₹110.64 lakh, driven by operational sales
  • Other expenses surged to ₹97.03 lakh, mainly due to business promotion costs
  • Trading remains suspended since 2022; delisting waiver application pending
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Blueblood Ventures Limited reported a 4.5x increase in net profit for FY26, driven by higher revenue and improved other income. The company’s shares remain suspended on the BSE following regulatory non-compliance issues dating back to 2022.

The SME-listed entity posted a total revenue of ₹110.64 lakh for the financial year ended March 31, 2026, up from ₹80.08 lakh in FY25. Net profit after tax rose significantly to ₹3.26 lakh, compared to ₹0.59 lakh in the previous year. This improvement was supported by a reduction in employee benefits expense and finance costs, despite a sharp increase in other expenses.

Financial Performance

Revenue from operations grew by nearly 58% to ₹79.18 lakh, while other income remained stable at ₹31.46 lakh. The company recorded a profit before tax of ₹4.27 lakh, against ₹0.81 lakh in FY25. Total expenditure stood at ₹106.36 lakh, up from ₹79.27 lakh.

Metric FY26 (₹ lakh) FY25 (₹ lakh) Change
Revenue from Operations 79.18 50.02 +58.3%
Other Income 31.46 30.06 +4.7%
Total Revenue 110.64 80.08 +38.2%
Total Expenditure 106.36 79.27 +34.0%
Profit Before Tax 4.27 0.81 +427.2%
Net Profit After Tax 3.26 0.59 +452.5%

What the Numbers Show

Other income constituted 28.4% of total revenue in FY26, indicating a continued reliance on non-operating streams such as interest income (₹21.46 lakh) and miscellaneous income (₹9.99 lakh). While revenue from operations expanded, "other expenses" surged to ₹97.03 lakh from ₹10.72 lakh in FY25, largely driven by ₹93 lakh in business promotion costs. This expense growth nearly offset the gains from operational revenue expansion, highlighting a shift in cost structure rather than pure operational efficiency.

Balance Sheet and Regulatory Status

As of March 31, 2026, the company held long-term borrowings of ₹9,400 lakh, primarily comprising zero-coupon optionally convertible debentures. Short-term borrowings decreased to ₹50.91 lakh from ₹292.93 lakh. Trade receivables fell to ₹1,398.69 lakh from ₹2,127.41 lakh, while long-term loans and advances increased to ₹6,346.28 lakh.

Trading in Blueblood Ventures’ securities has been suspended since November 21, 2022, due to non-compliance with SEBI regulations. The company received a show-cause notice in December 2025 regarding potential compulsory delisting and has submitted a waiver application to the BSE, which remains pending. No dividend was declared for FY26.

What specific regulatory milestones must Blueblood Ventures achieve to resolve the pending waiver application and potentially lift the BSE trading suspension?

How sustainable is the 4.5x profit growth given that ₹93 lakh of the expenditure surge was attributed to one-off business promotion costs rather than operational efficiency?

What is the likely impact on the company's liquidity and debt servicing capability if the zero-coupon optionally convertible debentures are converted or called for repayment in the near term?

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Blueblood Ventures reports net profit of ₹3.26 lakh in FY26

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Reviewed by
Jubin VScanX News Team
Key Highlights

Blueblood Ventures Limited reported a net profit of ₹3.26 lakh for the financial year ended March 31, 2026, compared to ₹0.59 lakh in the previous year. Total revenue increased to ₹110.64 lakh from ₹80.08 lakh in FY25. The Board of Directors approved the standalone annual audited financial results on May 27, 2026. Statutory auditors M/s KRA & Associates issued an unmodified opinion but highlighted an emphasis of matter regarding wrongly transferred Zero Optional Convertible Debentures and pending confirmations for long-term loans.

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Blueblood Ventures Limited reported a net profit of ₹3.26 lakh for the financial year ended March 31, 2026, a significant increase from ₹0.59 lakh in the previous year. Total revenue for the period rose to ₹110.64 lakh, compared to ₹80.08 lakh in FY25. The company's Board of Directors approved the standalone annual audited financial results at a meeting held on May 27, 2026.

The statutory auditors, M/s KRA & Associates, issued an unmodified opinion on the financial results. However, the auditors highlighted an emphasis of matter regarding Zero Optional Convertible Debentures (ZOCDs) valued at ₹1155.00 lakhs. The report noted that 247 ZOCDs were wrongly transferred to a party, and management is in the process of recovering them into the DEMAT account. Additionally, pending confirmations for old debit balances in long-term loans and advances amounting to ₹6346.28 lakhs were considered good based on management's optimism for recovery.

Revenue from operations for FY26 stood at ₹79.18 lakh, up from ₹50.02 lakh in the prior year. Other income contributed ₹31.46 lakh to the total revenue. Total expenses for the year increased to ₹106.36 lakh from ₹79.27 lakh in FY25. The company reported a profit before tax of ₹4.27 lakh for FY26, compared to ₹0.81 lakh in the previous year.

The earnings per share (EPS) for the year improved to ₹0.11 from ₹0.02 in the previous year. The paid-up equity share capital remained constant at ₹300.11 lakh. The company also noted that it had applied for the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, to settle a service tax matter of ₹27.04 lakhs related to FY18.

Financial Performance Summary

Particulars FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Total Revenue 110.64 80.08
Total Expenses 106.36 79.27
Profit Before Tax 4.27 0.81
Net Profit 3.26 0.59
Earnings Per Share (EPS) 0.11 0.02

Balance Sheet Highlights

As of March 31, 2026, the company's total assets stood at ₹9,918.70 lakh, a decrease from ₹10,024.14 lakh in the previous year. Non-current investments were recorded at ₹1,229.73 lakh, while long-term loans and advances amounted to ₹6,346.28 lakh. Trade receivables decreased to ₹1,398.69 lakh from ₹2,127.41 lakh in FY25. The company's cash and cash equivalents improved marginally to ₹10.58 lakh from ₹9.48 lakh.

What is the expected timeline for the recovery of the wrongly transferred 247 ZOCDs, and what impact will a delay have on the company's liquidity?

Does the management's optimism regarding the recovery of ₹6346.28 lakhs in pending long-term loans rely on specific legal actions or debtor settlements?

How will the resolution of the ₹27.04 lakh service tax dispute under the Sabka Vishwas scheme affect the company's cash flow in the upcoming fiscal year?

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