Blueblood Ventures reports net profit of ₹3.26 lakh in FY26
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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