Bright Brothers Reports FY26 Audited Results; Recommends Final Dividend of Rs. 2 Per Share
Bright Brothers Limited reported FY26 audited results with standalone revenue from operations rising to Rs. 35,017.94 lakhs and consolidated revenue reaching Rs. 37,504.04 lakhs, though net profits declined on both bases. The Board recommended a final dividend of Rs. 2 per equity share and approved reappointments of key directors and a cost auditor, with statutory auditors GMJ & Co. issuing an unmodified opinion.

*this image is generated using AI for illustrative purposes only.
The Board of Directors of Bright Brothers Limited convened a meeting on May 12, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, GMJ & Co., Chartered Accountants (FRN: 103429W), issued an unmodified opinion on both the standalone and consolidated financial statements. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Standalone Financial Performance
Bright Brothers recorded steady top-line growth on a standalone basis in FY26, with revenue from operations increasing to Rs. 35,017.94 lakhs from Rs. 32,837.83 lakhs in FY25. Total income for the year reached Rs. 35,299.31 lakhs compared to Rs. 33,021.14 lakhs in the prior year. However, net profit for the full year declined to Rs. 774.15 lakhs from Rs. 863.18 lakhs in FY25, reflecting higher operating costs. Total comprehensive income for FY26 stood at Rs. 790.90 lakhs versus Rs. 861.22 lakhs in FY25.
The following table summarises the key standalone financial metrics:
| Metric: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Revenue from Operations: | Rs. 35,017.94 lakhs | Rs. 32,837.83 lakhs |
| Other Income: | Rs. 281.37 lakhs | Rs. 183.31 lakhs |
| Total Income: | Rs. 35,299.31 lakhs | Rs. 33,021.14 lakhs |
| Total Expenses: | Rs. 34,413.45 lakhs | Rs. 31,916.45 lakhs |
| Profit Before Tax: | Rs. 885.86 lakhs | Rs. 1,104.69 lakhs |
| Net Profit: | Rs. 774.15 lakhs | Rs. 863.18 lakhs |
| Total Comprehensive Income: | Rs. 790.90 lakhs | Rs. 861.22 lakhs |
| Basic EPS (Rs.): | 13.63 | 15.20 |
| Diluted EPS (Rs.): | 13.63 | 15.20 |
For the quarter ended March 31, 2026, standalone revenue from operations was Rs. 8,558.40 lakhs and net profit was Rs. 209.93 lakhs, compared to Rs. 7,997.40 lakhs and Rs. 154.44 lakhs respectively in the corresponding quarter of the previous year.
Consolidated Financial Performance
On a consolidated basis, which includes subsidiaries Bright Brothers LLC and Sintex Logistics LLC (step-down subsidiary), revenue from operations grew to Rs. 37,504.04 lakhs in FY26 from Rs. 33,586.27 lakhs in FY25. Total consolidated income for the year was Rs. 37,840.44 lakhs against Rs. 33,758.69 lakhs in the prior year. Consolidated net profit for FY26 stood at Rs. 591.80 lakhs compared to Rs. 849.33 lakhs in FY25, with total comprehensive income at Rs. 598.38 lakhs versus Rs. 844.66 lakhs in the previous year.
| Metric: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Revenue from Operations: | Rs. 37,504.04 lakhs | Rs. 33,586.27 lakhs |
| Other Income: | Rs. 336.40 lakhs | Rs. 172.42 lakhs |
| Total Income: | Rs. 37,840.44 lakhs | Rs. 33,758.69 lakhs |
| Total Expenses: | Rs. 37,136.93 lakhs | Rs. 32,667.85 lakhs |
| Profit Before Tax: | Rs. 703.51 lakhs | Rs. 1,090.84 lakhs |
| Net Profit: | Rs. 591.80 lakhs | Rs. 849.33 lakhs |
| Total Comprehensive Income: | Rs. 598.38 lakhs | Rs. 844.66 lakhs |
| Basic EPS (Rs.): | 10.42 | 14.95 |
| Diluted EPS (Rs.): | 10.42 | 14.95 |
For the quarter ended March 31, 2026, consolidated revenue from operations was Rs. 9,160.02 lakhs and net profit was Rs. 212.10 lakhs, compared to Rs. 8,549.02 lakhs and Rs. 183.86 lakhs respectively in the corresponding quarter of the prior year.
Balance Sheet Highlights
As at March 31, 2026, standalone total assets stood at Rs. 24,848.51 lakhs compared to Rs. 22,538.44 lakhs as at March 31, 2025. Total standalone equity increased to Rs. 8,422.63 lakhs from Rs. 7,773.76 lakhs. On a consolidated basis, total assets were Rs. 25,493.03 lakhs versus Rs. 23,109.66 lakhs in the prior year, with total equity at Rs. 8,091.67 lakhs compared to Rs. 7,635.29 lakhs. The paid-up equity share capital remained unchanged at Rs. 568.02 lakhs, with a face value of Rs. 10 per share.
Cash Flow Summary
On a standalone basis, net cash flow from operating activities for the year was Rs. 1,505.39 lakhs compared to Rs. 893.71 lakhs in the prior year. Net cash used in investing activities was Rs. 1,390.72 lakhs, while net cash used in financing activities was Rs. 160.28 lakhs, resulting in a net decrease in cash and cash equivalents of Rs. 45.62 lakhs. Standalone cash and cash equivalents closed at Rs. 739.28 lakhs versus Rs. 784.90 lakhs at the start of the year.
On a consolidated basis, net cash flow from operating activities was Rs. 1,203.20 lakhs, while net cash used in investing activities was Rs. 1,428.18 lakhs. Net cash from financing activities was Rs. 63.53 lakhs, leading to a net decrease in cash and cash equivalents of Rs. 161.45 lakhs. Consolidated cash and cash equivalents stood at Rs. 888.17 lakhs at year-end, compared to Rs. 1,059.79 lakhs at the beginning of the year.
| Cash Flow Metric: | Standalone FY26 | Standalone FY25 | Consolidated FY26 | Consolidated FY25 |
|---|---|---|---|---|
| Net Cash from Operating Activities: | Rs. 1,505.39 lakhs | Rs. 893.71 lakhs | Rs. 1,203.20 lakhs | Rs. 1,119.04 lakhs |
| Net Cash from Investing Activities: | Rs. (1,390.72) lakhs | Rs. (1,121.22) lakhs | Rs. (1,428.18) lakhs | Rs. (922.00) lakhs |
| Net Cash from Financing Activities: | Rs. (160.28) lakhs | Rs. (63.04) lakhs | Rs. 63.53 lakhs | Rs. (210.59) lakhs |
| Closing Cash & Equivalents: | Rs. 739.28 lakhs | Rs. 784.90 lakhs | Rs. 888.17 lakhs | Rs. 1,059.79 lakhs |
Dividend and Corporate Actions
The Board recommended a final dividend of Rs. 2 per equity share of face value Rs. 10 each, representing 20%, for the financial year ended March 31, 2026, subject to approval by shareholders at the ensuing Annual General Meeting. In addition to the financial results, the Board approved several key corporate actions:
- Reappointment of Mr. Kuchimanchi Viswanath as Independent Director for a second term of 5 years, from May 27, 2027 to May 26, 2032 (both days inclusive), subject to member approval. Mr. Viswanath is a Fellow Member of the Institute of Chartered Accountants of India since 1983, a Certified Internal Auditor, and holds a Certificate in Information Systems Auditing. He has been co-opted as a Member of the Internal Audit Standards Board of the ICAI for the Council Year 2026-27.
- Reappointment of Mr. Karan Bhojwani as Whole-time Director for a period of 5 years from April 1, 2027 to March 31, 2032 (both days inclusive), subject to member approval. Mr. Karan Bhojwani is the son of Mr. Suresh Bhojwani, Chairman and Managing Director, and Mrs. Devika Bhojwani, Whole-time Director of the Company, and has been associated with the Company since 2003.
- Appointment of M/s. Joshi Apte and Associates (Firm Registration No.: 000240) as Cost Auditor for a period of 1 year, subject to member approval at the ensuing Annual General Meeting.
Business Segment and Auditor's Note
Bright Brothers operates in a single business segment — manufacturing of plastic moulded parts — as per Indian Accounting Standard (Ind AS-108) on Operating Segments. The company's factories are located across Pondicherry, Faridabad, Bhimtal, Dehradun, Pune, Haridwar, and Hosur. The Board meeting commenced at 1 P.M. and concluded at 2:15 P.M. on May 12, 2026. The statutory auditors noted that figures for the quarter ended March 31, 2026 and March 31, 2025 are balancing figures between the audited full-year figures and the published unaudited year-to-date figures up to the third quarter of the respective financial years.
Historical Stock Returns for Bright Brothers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.33% | -5.41% | +8.12% | -19.02% | -29.26% | +191.43% |
What specific cost optimization strategies is Bright Brothers planning to implement in FY27 to reverse the margin compression seen despite strong revenue growth in FY26?
How might the consolidation of Bright Brothers LLC and Sintex Logistics LLC impact future profitability, given that subsidiaries appear to be dragging consolidated margins below standalone levels?
With significant capital deployed in investing activities (Rs. 1,390+ lakhs), what capacity expansion or automation projects are underway across Bright Brothers' seven manufacturing facilities that could drive earnings growth?






























