Bhavik Enterprises Limited has resubmitted its unaudited financial results for the half-year ended September 30, 2025, after inadvertently omitting a page containing notes to the financial results in the original PDF document. The company, which recently completed its Initial Public Offering (IPO), reported a significant increase in revenue but a decrease in net profit compared to the previous year.

Financial Performance

The polymer trading company's financial highlights for the half-year ended September 30, 2025, are as follows:

Note: All figures in ₹ lakhs

The company attributed its revenue growth to increased execution of more volume and tapping of new customers. However, the reason for the decline in net profit was not explicitly stated in the provided information.

Initial Public Offering (IPO)

Bhavik Enterprises Limited successfully completed its IPO, marking a significant milestone for the company. Key details of the IPO include:

• Allotment of 45,00,000 equity shares
• Issue price: ₹140 per share (face value ₹10, premium ₹130)
• Total funds raised: ₹6,300 lakhs
• Net proceeds after expenses: ₹5,460 lakhs
• Listing: BSE's SME platform on October 6, 2025

The company plans to utilize the net proceeds primarily for funding working capital requirements (87% of net proceeds) and general corporate purposes (13% of net proceeds).

Foreign Currency Exposure

As of September 30, 2025, Bhavik Enterprises reported:

• Foreign currency assets: ₹543.55 lakhs
• Foreign currency liabilities: ₹8,072.07 lakhs

The company manages currency risk through natural hedges and periodic review of exposures by management. Exchange differences arising from foreign currency transactions are recognized in the Statement of Profit and Loss.

Additional Notes

1. The company operates in a single business segment: trading of polymers.
2. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors on November 10, 2025.
3. A limited review of the standalone financial results has been carried out by the Statutory Auditors.

Investors and stakeholders can access the detailed financial results on the company's website at www.bhavikenterprises.com .

The resubmission of financial results with the inclusion of previously omitted notes demonstrates Bhavik Enterprises' commitment to transparency and compliance with regulatory requirements. As the company navigates its post-IPO phase, stakeholders will likely be keen to observe how it leverages the raised funds to drive growth and address the challenges reflected in its reduced net profit.

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.