Bharat Bijlee Limited , a leading player in the power and industrial systems sector, has reported a 10% increase in net profit for the financial year ended March 31, 2020, despite a marginal decline in revenue. The company's financial performance demonstrates resilience in the face of challenging market conditions, including the impact of the COVID-19 pandemic.

Financial Highlights

• Net profit rose to Rs 45.62 crore in FY 2019-20, up from Rs 41.53 crore in the previous year.
• Revenue from operations slightly decreased to Rs 928.73 crore from Rs 932.32 crore in the previous fiscal year.
• Earnings per share (EPS) improved to Rs 80.69 from Rs 73.49, reflecting the company's enhanced profitability.

Segment Performance

Bharat Bijlee operates through two primary segments:

1. Power Systems: This segment, which includes transformers and turnkey projects, generated revenue of Rs 453.51 crore.
2. Industrial Systems: Comprising electric motors and drives, this segment contributed Rs 475.22 crore to the company's revenue.

Dividend Announcement

The company declared an interim dividend of Rs 12.50 per equity share, amounting to a total payout of Rs 8.52 crore, including dividend distribution tax.

COVID-19 Impact and Operational Update

Bharat Bijlee's manufacturing operations were temporarily suspended due to the COVID-19 lockdown. However, the company resumed its operations in the second week of May 2020, implementing necessary safety measures.

Audit Opinion

The company's auditors have issued an unmodified opinion on the financial results, affirming the accuracy and reliability of the reported figures.

Looking Ahead

While Bharat Bijlee faced challenges due to the pandemic, its ability to grow profits in a difficult year demonstrates operational efficiency and strong market positioning. The company's diverse product portfolio in power and industrial systems positions it well for potential recovery as the economy rebounds from the pandemic-induced slowdown.

Bharat Bijlee Limited , a prominent player in the power systems and industrial systems sector, has announced key dates for its upcoming dividend payment and annual general meeting (AGM). The company's Board of Directors, during a meeting held on July 23, 2025, made several important decisions regarding shareholder matters.

Dividend Record Date

The Board has fixed Thursday, September 4, 2025, as the record date for determining shareholders eligible for the dividend payment for the financial year 2024-2025. This decision aligns with the regulatory requirements set by the Securities and Exchange Board of India (SEBI).

Book Closure and AGM

In addition to setting the dividend record date, the Board has also announced the closure of the Register of Members and Share Transfer Books. The books will remain closed from Thursday, September 4, 2025, to Thursday, September 11, 2025 (both days inclusive). This closure is in preparation for the company's 78th Annual General Meeting (AGM) and the proposed dividend payment.

Annual General Meeting

Bharat Bijlee's 78th AGM is scheduled to take place on Thursday, September 11, 2025, at 11:00 AM (IST). In line with ongoing practices, the meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), adhering to the guidelines issued by the Ministry of Corporate Affairs and SEBI.

Dividend Payment

Subject to shareholder approval at the AGM, the dividend is expected to be paid on or after Monday, September 22, 2025. This timeline allows for the necessary procedures following the AGM.

Appointment of Secretarial Auditors

In other corporate governance matters, the Board has approved the appointment of M/s. N L Bhatia & Associates, Practicing Company Secretaries, as the Secretarial Auditors of Bharat Bijlee Limited. This appointment is for a term of five consecutive years, from FY 2025-2026 to FY 2029-2030, subject to shareholder approval at the upcoming AGM.

Financial Performance

While the focus of this announcement is on corporate actions, it's worth noting that Bharat Bijlee has also released its unaudited financial results for the quarter ended June 30, 2025. The company reported:

These announcements reflect Bharat Bijlee's commitment to maintaining transparent communication with its shareholders and adhering to regulatory requirements. Investors and shareholders are advised to take note of these important dates for dividend eligibility and participation in the upcoming AGM.