BGR Energy Systems Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, revealing a challenging operational period with significantly widened losses.

Financial Performance Overview

The company's financial performance showed mixed results with increased revenue but substantially higher losses. Total income from operations rose to ₹83.25 crores in Q3FY26 compared to ₹66.05 crores in Q2FY26, representing a quarter-on-quarter improvement in revenue generation.

Nine-Month Performance Analysis

On a cumulative basis for the nine months ended December 31, 2025, BGR Energy Systems reported total income of ₹322.41 crores compared to ₹451.19 crores in the corresponding period of the previous year. The company's net loss for the nine-month period stood at ₹517.95 crores, showing an improvement from the ₹647.99 crores loss recorded in the same period last year.

Consolidated Results

The consolidated financial results showed similar trends to the standalone performance. The consolidated net loss for Q3FY26 was ₹192.56 crores compared to ₹62.54 crores in Q2FY26. For the nine-month period, the consolidated net loss was ₹521.19 crores against ₹636.10 crores in the previous year.

Earnings Per Share Impact

The company's earnings per share reflected the poor operational performance, with basic and diluted EPS of ₹(26.78) for Q3FY26 compared to ₹(8.55) in Q2FY26. The equity share capital remained unchanged at ₹72.16 crores with shares having a face value of ₹10 each.

Key Financial Metrics

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 13, 2026. The detailed financial results are available on stock exchange websites and the company's official website at www.bgrcorp.com .

BGR Energy Systems Limited has received a contract termination notice from Tamil Nadu Transmission Corporation Limited (TANTRANSCO) for a significant EPC project, as disclosed in a regulatory filing dated February 03, 2026. The termination was communicated through TANTRANSCO's letter dated January 30, 2026, marking the end of a power transmission infrastructure project.

Contract Details and Scope

The terminated contract involved comprehensive EPC services for power transmission infrastructure in Tamil Nadu. The project scope included multiple components across different locations.

Termination Grounds and Financial Implications

TANTRANSCO cited specific reasons for the contract termination, with potential financial consequences for BGR Energy Systems. The state transmission corporation has indicated its intention to recover various costs associated with the project delays.

The grounds for termination include:

• Alleged delays in project execution
• Non-completion of the project within stipulated timelines
• Failure to meet contractual obligations as per TANTRANSCO's assessment

TANTRANSCO has indicated potential recovery of several financial components in accordance with contract terms:

• Liquidated damages for project delays
• Cost of materials not consumed during project execution
• Recovery of differential cost for executing balance works through alternative agencies

Company Response and Legal Position

BGR Energy Systems has outlined its approach to addressing the termination notice. The company is taking a measured response while protecting its commercial interests.

The company has stated it will examine the termination order thoroughly and explore available legal options, including remedies under the contract and applicable law. BGR Energy Systems emphasized its commitment to taking appropriate steps to protect its interests in this matter.

Operational Impact Assessment

Despite the contract termination, BGR Energy Systems has indicated minimal disruption to its overall business operations. The company has stated there is no material impact on its operations or other activities, suggesting the termination is contained to this specific project without broader operational consequences.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory requirements for material contract developments.