Bedmutha Industries Limited has received reaffirmation of its credit ratings from INFOMERICS Valuation and Rating Private Limited, as announced through a regulatory filing dated March 10, 2026. The credit rating agency reviewed and reaffirmed the ratings for both long-term and short-term bank facilities of the company through their letter dated March 09, 2026.

Credit Rating Details

The reaffirmed ratings cover total bank facilities worth Rs. 159.99 crore, with both facility categories maintaining their previous rating levels.

Rating Significance

The IVR BBB/Stable rating for long-term facilities indicates that securities are considered to have moderate degree of safety regarding timely servicing of financial obligations, carrying moderate credit risk. The stable outlook reflects the rating agency's assessment of the company's creditworthiness over the rating horizon.

For short-term facilities, the IVR A3+ rating signifies moderate degree of safety regarding timely payment of financial obligations, though with higher credit risk compared to instruments rated in higher categories. The plus modifier reflects comparative strength within the A3 category.

Facility Composition

The rated facilities comprise various banking arrangements across multiple lenders including Punjab National Bank, Bank of Baroda, Export Import Bank of India, Bank of India, and Union Bank of India. The long-term facilities include:

• Rupee Term Loans totaling Rs. 15.80 crore
• Working Capital Term Loan of Rs. 0.67 crore
• Funded Interest Term Loan of Rs. 2.14 crore
• Fund-based working capital limits of Rs. 67.87 crore

Short-term facilities encompass non-fund based working capital limits including Letter of Credit facilities of Rs. 23.26 crore and Bank Guarantee facilities of Rs. 50.25 crore.

Rating Validity and Monitoring

The reaffirmed ratings remain valid for one year from March 09, 2026. INFOMERICS reserves the right to undertake surveillance and review of the ratings based on circumstances, with at least one review conducted annually. The company is required to provide monthly No Default Statements and quarterly performance results for ongoing monitoring.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been made available on the company's website at www.bedmutha.com for stakeholder access.

Bedmutha Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing mixed performance with strong revenue growth offset by profitability challenges. The wire and cable manufacturer reported significant top-line expansion while facing operational headwinds that impacted bottom-line performance.

Financial Performance Overview

The company's Q3 FY26 results showed contrasting trends in revenue and profitability metrics:

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹1,03,110.72 lakhs compared to ₹76,761.28 lakhs in the corresponding period of FY25, representing growth of 34.31%. However, the nine-month net loss stood at ₹808.94 lakhs against a profit of ₹2,270.96 lakhs in the previous year.

Segment-wise Performance

The company operates primarily in two main segments - Steel and Copper - with detailed performance metrics:

The Copper segment demonstrated stronger growth momentum, contributing significantly to the overall revenue expansion. For the nine months ended December 31, 2025, Steel segment revenue reached ₹31,707.04 lakhs while Copper segment achieved ₹71,403.68 lakhs.

Cost Structure and Operational Challenges

The company faced significant cost pressures during the quarter, with total expenses rising to ₹36,137.16 lakhs from ₹28,191.33 lakhs in Q3 FY25. Key expense components included:

During Q3 FY26, the company recognized unrealized foreign exchange losses of ₹82.04 lakhs on capital goods and ₹392.00 lakhs on hedging transactions due to fluctuations in exchange rates and copper commodity prices.

Regulatory Compliance and Governance

The financial results were approved by the Board of Directors at their meeting held on February 10, 2026, after review and recommendation by the Audit Committee. The results have been subject to limited review by the company's statutory auditors, SIGMAC & Co., Chartered Accountants. The company maintains transparency by uploading all relevant information on its website www.bedmutha.com in compliance with SEBI Listing Regulations.

The disclosure was made pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to regulatory compliance and stakeholder transparency.