BF Utilities Limited (BFUTILITIE) — Financial Results

Investor Takeaways

Consolidated financial results for Q4FY25 and FY25 will be delayed until audited statements are received from all subsidiaries.

Subsidiaries Nandi Infrastructure Corridor Enterprise Ltd., Nandi Economic Corridor Enterprises Ltd., and Nandi Highway Developers Ltd. have not submitted audited financials for FY25.

Current P/E ratio stands at 6.2, reflecting market valuation relative to earnings.

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	Not available	N/A
Net Profit	Not available	N/A
EBITDA	Not available	N/A
EPS	[amount context mismatch] (Q2FY25)	N/A
OPM	75.62% (Q2FY25)	N/A

What Changed

The filing confirms that consolidated financial results for the quarter and year ended March 31, 2026, cannot be published due to pending audited financial statements from key subsidiaries. This delay directly impacts the company's ability to report timely results. The quarterly trend shows consistent revenue and profit growth in Q2FY25 (₹221.34 Cr revenue, ₹91.01 Cr profit, 75.62% OPM), though OPM declined from Q1FY25's 76.94% to Q4FY24's 63.59%. EPS remained stable at ₹9.91 in Q3FY24 and Q4FY24. However, no current period financials are available for analysis, and the delay introduces uncertainty around near-term reporting. The market cap of ₹2,021.81 Cr and P/E of 6.2 remain unchanged but lack context without updated financials.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
BFUTILITIE	6.2	Not available	Not available	2,021.81
ADANIPORTS	30.83	7.75%	12.49%	4,13,583.7
INDIGO	27.38	N/A	N/A	1,66,838.2
GMRAIRPORT	-139.99	N/A	N/A	1,01,989.15

BFUTILITIE trades at a significantly lower P/E ratio compared to peers like ADANIPORTS (30.83) and INDIGO (27.38), though peer ROE and ROCE data are unavailable for direct comparison. The company's market cap is substantially smaller than ADANIPORTS but larger than INDIGO and GMRAIRPORT.