BF Utilities Board Approves Q2FY26 Results with Revenue Growth of 4.65%
BF Utilities Limited's Board approved Q2FY26 consolidated financial results with revenue from operations growing 4.65% to ₹23,162.78 lakhs and net profit rising 8.15% to ₹9,842.30 lakhs. The company demonstrated strong half-year performance with total revenue increasing 5.97% to ₹45,633.86 lakhs and net profit surging 14.46% to ₹19,501.26 lakhs, reflecting robust operational momentum across its infrastructure and wind mills segments.
*this image is generated using AI for illustrative purposes only.
BF Utilities Limited's Board of Directors approved the company's unaudited consolidated financial results for the quarter and half-year ended September 30, 2025, in a meeting held on February 23, 2026. The Kalyani Group company announced these results under Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Board Meeting Outcome
The Board meeting, which commenced at 10:45 hours and concluded at 12:50 hours, considered and approved the quarterly financial results along with the Limited Review Report issued by statutory auditors G. D. Apte & Co., Chartered Accountants. The results have been made available on the company's website at www.bfutilities.com .
Financial Performance Overview
The company demonstrated robust financial performance during the second quarter of FY26, with key metrics showing positive momentum across operations.
| Metric: | Q2FY26 | Q2FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹23,162.78 lakhs | ₹22,134.03 lakhs | +4.65% |
| Other Income: | ₹690.75 lakhs | ₹646.78 lakhs | +6.79% |
| Total Revenue: | ₹23,853.53 lakhs | ₹22,780.81 lakhs | +4.71% |
| Net Profit After Tax: | ₹9,842.30 lakhs | ₹9,100.61 lakhs | +8.15% |
| Earnings Per Share: | ₹11.28 | ₹10.39 | +8.57% |
Half-Year Performance
For the six-month period ended September 30, 2025, BF Utilities maintained its growth trajectory with consolidated performance reflecting strong operational efficiency.
| Parameter: | H1FY26 | H1FY25 | Growth |
|---|---|---|---|
| Total Revenue: | ₹45,633.86 lakhs | ₹43,061.34 lakhs | +5.97% |
| Net Profit: | ₹19,501.26 lakhs | ₹17,037.62 lakhs | +14.46% |
| Total Comprehensive Income: | ₹19,495.69 lakhs | ₹17,050.49 lakhs | +14.34% |
Segment-wise Revenue Analysis
The company's diversified business model continued to show balanced performance across its two primary segments:
Infrastructure Segment
- Q2FY26 Revenue: ₹22,948.32 lakhs
- Q2FY25 Revenue: ₹21,783.78 lakhs
- Segment Result: ₹16,316.67 lakhs profit before tax and interest
Wind Mills Segment
- Q2FY26 Revenue: ₹905.11 lakhs
- Q2FY25 Revenue: ₹997.01 lakhs
- Segment Result: ₹300.50 lakhs profit before tax and interest
Financial Position and Capital Structure
As of September 30, 2025, BF Utilities maintained a strong balance sheet with total assets of ₹2,54,651.94 lakhs compared to ₹2,42,888.24 lakhs as of March 31, 2025. The company's equity base remained stable with paid-up equity share capital of ₹1,883.38 lakhs, comprising shares with a face value of ₹5 each.
Subsidiary Operations and Strategic Developments
The consolidated results include performance from key subsidiaries including Nandi Infrastructure Corridor Enterprise Ltd. (74.52% ownership), Nandi Highway Developers Ltd. (69.53% ownership), and BFUL Resources Pvt. Ltd. (100% ownership). Notably, the toll operations of subsidiary Nandi Highway Developers Limited concluded on September 7, 2024, following the completion of its concession agreement term.
Operational Highlights
During the quarter, BF Utilities demonstrated effective cost management with total expenses of ₹9,216.21 lakhs compared to ₹10,222.73 lakhs in the corresponding previous quarter. The company's finance costs decreased to ₹1,958.39 lakhs from ₹3,011.33 lakhs year-over-year, reflecting improved financial efficiency.
The results were subject to limited review by statutory auditors G. D. Apte & Co., Chartered Accountants, in compliance with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Historical Stock Returns for BF Utilities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.06% | -2.50% | -6.02% | -30.44% | -28.02% | +86.65% |
15
