BIL VYAPAR LIMITED (BILVYAPAR) Q2 FY27 Financial Results: PAT ₹50 & Revenue ₹1,200 Cr

Investor Takeaways

Overall Tone: Cautious

Key Financial Highlights

What Changed

The company reported unaudited Q1 FY27 results (ended June 2026) under NCLT CIRP proceedings. Revenue increased to ₹1,250 crores from prior-year levels, and net profit rose to ₹50 crores, reflecting year-on-year growth. However, these figures were recorded in the context of ongoing insolvency resolution. The financial statements were prepared on a liquidation basis, as required during corporate insolvency. Assets were not revalued, and the presentation included disclaimers regarding pending litigation, uncertain tax receivables, and unvalued assets. Despite the reported profitability, the company continues to operate under significant financial distress, with cumulative losses totaling ₹21,790.61 crores and a net worth deficit of ₹18,652.11 crores. The filing underscores the challenges in assessing true financial health amid restructuring.

Peer Comparison

No specific peer comparison can be made due to lack of available peer data and the company's unique insolvency context.

Risks & Concerns

Quarterly Trend

Revenue was ₹0 crores in all prior quarters until Q1FY27, when it rose to ₹1,250 crores. Net profit turned positive in Q1FY25 at ₹8.17 crores but turned negative again in subsequent quarters before returning to a ₹50 crore profit in Q1FY27. However, these profits occurred within a context of continuous losses and insolvency proceedings. OPM remains not applicable due to lack of operational metrics and the liquidation basis of accounting. The trend highlights volatility and the impact of non-recurring or restructuring-related events on reported figures.

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About BIL VYAPAR LIMITED (BILVYAPAR)

Services · Miscellaneous · Listed on NSE

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