Bharat Road Network Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting
13-05-2025 | 09:23 pm
13-05-2025 | 09:23 pm
Bharat Road Network Limited has announced a board meeting on the approval of the financial results for the quarter and half-year FY 2024-25. Consolidated revenue declined to Rs. 482 Cr from Rs. 540 Cr last year, with a consolidated net loss of Rs. 113 Cr versus a profit of Rs. 136 Cr in FY24. The company reported hefty finance costs and a Rs. 231 Cr impairment on subsidiary investments. Solapur Tollways is no longer a subsidiary following insolvency. Despite ongoing borrowings defaults and asset recovery challenges, restructuring discussions continue. No dividend declared.
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