News Earnings Blue Blends (India) Limited Board Approves Unaudited Financial Results for Q1, Q2, and Q3 FY25Blue Blends (India) Limited Board Approves Unaudited Financial Results for Q1, Q2, and Q3 FY25
Blue Blends (India) Limited's board approved unaudited financial results for Q1, Q2, and Q3 FY25, showing progressive improvement with Q3FY25 standalone revenue at ₹161.16 lakhs and net profit of ₹17.09 lakhs. The company completed its Corporate Insolvency Resolution Process in December 2024 and is implementing the approved resolution plan including share allotment and re-listing processes.
*this image is generated using AI for illustrative purposes only.
Blue Blends (India) Limited announced the approval of unaudited financial results for multiple quarters during a board meeting held on September 19, 2025. The textile company's board considered and approved standalone and consolidated financial statements for Q1FY25, Q2FY25, and Q3FY25, marking a significant milestone in its post-insolvency recovery phase.
Quarterly Financial Performance Overview
The company demonstrated progressive improvement across the three quarters, with Q3FY25 showing the strongest performance. The financial results reveal a consistent upward trajectory in both revenue and profitability metrics.
| Quarter | Standalone Revenue (₹ lakhs) | Standalone Net Profit (₹ lakhs) | Consolidated Revenue (₹ lakhs) | Consolidated Net Profit (₹ lakhs) |
|---|---|---|---|---|
| Q1FY25 (June 30, 2024) | 139.80 | 7.52 | 139.80 | 7.62 |
| Q2FY25 (September 30, 2024) | 118.07 | 10.60 | 118.07 | 10.51 |
| Q3FY25 (December 31, 2024) | 161.16 | 17.09 | 161.16 | 17.02 |
Year-to-Date Performance Analysis
For the nine-month period ended December 31, 2024, Blue Blends achieved total standalone revenue of ₹419.03 lakhs with a net profit of ₹35.21 lakhs. The consolidated figures showed similar performance with revenue of ₹419.03 lakhs and net profit of ₹35.15 lakhs.
Capital Structure and Key Metrics
The company maintains a stable capital structure with equity share capital of ₹2,165.12 lakhs across all quarters. The earnings per share showed improvement from ₹0.03 in Q1FY25 to ₹0.08 in Q3FY25 on a standalone basis.
| Financial Metric | Q1FY25 | Q2FY25 | Q3FY25 |
|---|---|---|---|
| Basic EPS (₹) | 0.03 | 0.05 | 0.08 |
| Diluted EPS (₹) | 0.03 | 0.05 | 0.08 |
| Equity Share Capital (₹ lakhs) | 2,165.12 | 2,165.12 | 2,165.12 |
Post-CIRP Recovery and Implementation
Blue Blends was under Corporate Insolvency Resolution Process (CIRP) from December 2, 2021, to December 6, 2024. Following the approved Resolution Plan, the company is currently implementing various processes including share allotment and re-listing procedures. The new management is undertaking statutory appointments and related filings with due approval from the Audit Committee and Board of Directors.
Operational Highlights
The company operates exclusively in the textiles segment, with separate segment reporting not applicable as per Ind AS 108. The financial results were audited by M/s. M Parashar & Co., Chartered Accountants (Firm Registration No.: 110954C), who served as the company's statutory auditors throughout the review period.
Subsidiary Performance
Blue Blends' subsidiary, Bindal Synthetics Private Limited, contributed to the consolidated results. The subsidiary reported revenues of ₹0.11 lakhs and ₹0.31 lakhs for the quarter and nine-month periods ended December 31, 2024, respectively.
The comprehensive financial disclosure demonstrates Blue Blends' commitment to transparency and regulatory compliance as it navigates its post-insolvency phase and works toward full operational recovery in the textile industry.
19
