Bhavik Enterprises Reports 16% Revenue Growth, CFO Resigns Amid Half-Year Results

Bhavik Enterprises Limited, a polymer trading company, has announced its unaudited financial results for the half-year ended September 30, 2025, showcasing robust revenue growth alongside significant corporate developments.

Financial Performance

The company reported a substantial increase in revenue for the six-month period, with total income rising to ₹29,472.20 lakhs, marking a 15.97% growth compared to ₹25,778.50 lakhs in the corresponding period of the previous year. This growth was primarily attributed to increased volume execution and the acquisition of new customers.

Despite the revenue surge, net profit for the period declined to ₹426.43 lakhs from ₹655.14 lakhs in the previous corresponding period. This decrease in profitability comes amid rising operational costs and changes in inventory levels.

Key Financial Metrics

Corporate Developments

Initial Public Offering (IPO)

Bhavik Enterprises successfully completed its Initial Public Offer, raising ₹6,300 lakhs by allotting 45 lakh equity shares at ₹140 per share. The net proceeds after expenses amounted to ₹5,460 lakhs. The company's shares were subsequently listed on the SME Platform of BSE Limited on October 6, 2025.

Management Changes

In a significant development, Mr. Anish Shah, the Chief Financial Officer (CFO) of Bhavik Enterprises, has resigned with immediate effect, citing personal reasons. The board has accepted his resignation and appreciated his services during his tenure.

To ensure continuity in financial leadership, the board has appointed Mr. K.P. Ravichandran as the Interim CFO, effective November 10, 2025. Mr. Ravichandran, a Senior Managerial Personnel with over 25 years of experience in finance, has been associated with the company since December 2015.

Foreign Currency Exposure

The company reported foreign currency assets of ₹543.55 lakhs and liabilities of ₹8,072.07 lakhs as of September 30, 2025. Bhavik Enterprises manages its currency risk through natural hedges and periodic review of exposures.

Outlook

While Bhavik Enterprises has demonstrated strong top-line growth, the decline in profitability may warrant attention from investors. The successful IPO and listing on the BSE SME platform mark a significant milestone for the company, potentially opening up new avenues for growth and expansion.

The appointment of Mr. K.P. Ravichandran as Interim CFO is expected to provide stability to the financial management of the company during this transition period. His extensive experience within the organization may prove beneficial in maintaining financial continuity and strategic direction.

As Bhavik Enterprises navigates through these corporate changes and market dynamics, stakeholders will likely keep a close watch on how the company leverages its newly acquired capital and manages its operational efficiencies to improve bottom-line performance in the coming quarters.