News Earnings Bheema Cements Limited Reports Q3 FY26 Loss of ₹734.25 Lakhs Amid Financial ChallengesBheema Cements Limited Reports Q3 FY26 Loss of ₹734.25 Lakhs Amid Financial Challenges
Bheema Cements Limited reported a net loss of ₹734.25 lakhs for Q3 FY26 with zero operational revenue, maintaining similar loss levels from the previous year. The company faces critical challenges including non-compliance with NCLAT creditor payment orders, suspended trading due to regulatory violations, and auditor concerns about its ability to continue as a going concern. For the nine-month period, the net loss was ₹2,220.29 lakhs with basic EPS of (6.81).
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Bheema Cements Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing continued financial difficulties. The cement manufacturer reported a net loss of ₹734.25 lakhs for the third quarter of FY26, maintaining similar loss levels compared to the previous year.
Financial Performance Overview
The company's financial performance for Q3 FY26 shows persistent challenges across key metrics:
| Metric | Q3 FY26 | Q3 FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Revenue from Operations | - | - | - | - |
| Total Income | - | - | - | 0.96 lakhs |
| Total Expenses | 734.25 lakhs | 734.67 lakhs | 2,206.05 lakhs | 2,218.01 lakhs |
| Net Loss | (734.25) lakhs | (734.67) lakhs | (2,220.29) lakhs | (2,370.62) lakhs |
| Basic EPS | (2.25) | (2.25) | (6.81) | (7.27) |
The company reported zero revenue from operations during the quarter, with expenses primarily comprising depreciation of ₹711.81 lakhs and other expenses of ₹22.44 lakhs. For the nine-month period, the net loss stood at ₹2,220.29 lakhs compared to ₹2,370.62 lakhs in the corresponding period of the previous year.
Regulatory and Legal Challenges
The auditors issued a qualified review report highlighting several critical issues affecting the company's operations. According to the NCLAT order dated January 19, 2024, Bheema Cements was required to pay outstanding amounts to financial creditors by specific deadlines, but the company has failed to meet these obligations.
Key compliance issues include:
- Non-payment of dues to Union Bank of India as per NCLAT order, leading to a liquidation petition, though ₹6 crores was subsequently paid and the petition withdrawn
- Partial payment to JM Financial Asset Reconstruction Company Limited under a revised repayment schedule, with only ₹1.75 crores paid against required amounts
- Non-remittance of Tax Deducted at Source (TDS) amounting to ₹2.21 lakhs for Q3 FY26
- Non-payment of Annual Listing Fees, resulting in SEBI suspending trading due to penal reasons
Going Concern Uncertainty
The statutory auditors, N G Rao & Associates, expressed significant concerns about the company's ability to continue as a going concern. The auditors noted that the non-compliance with NCLAT orders and breach of revised repayment schedules indicate material uncertainty that may cast significant doubt on the company's operational continuity.
According to the NCLT order dated December 3, 2024, any non-compliance or breach of the revised repayment schedule terms would result in the revival of liquidation applications before NCLT.
Corporate Governance
The Board of Directors meeting was held on February 10, 2026, commencing at 5:30 p.m. and concluding at 6:05 p.m. The unaudited financial results were approved and taken on record during this meeting. The company operates in a single segment of manufacturing and distribution of cement products.
Bheema Cements Limited, incorporated in 1978 and headquartered in Hyderabad, continues to face significant operational and financial challenges that have resulted in suspended trading and ongoing legal proceedings with financial creditors.
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