BF Utilities Limited — Results, 29-05-2025: Integrated Filing- Financial

BF Utilities has announced a board meeting on May 29, 2025, approving its audited standalone financial results for FY25.

1) Revenue Performance: Standalone revenue grew 17% YoY to Rs. 41.68 Cr from Rs. 35.58 Cr, led by stable Rs. 22.41 Cr contribution from the windmill segment and Rs. 14 Cr from infrastructure.

2) Profitability and EPS: Net profit jumped 58% YoY to Rs. 15.98 Cr with EPS rising to Rs. 4.24/share from Rs. 2.68/share. Windmills turned profitable, with segment profit before tax improving to Rs. 3.14 Cr, supported by steady revenue and cost control.

3) Operational Costs: Expenses rose 18% to Rs. 20.18 Cr, mainly due to higher employee benefits and operating costs, but efficiency gains kept costs in check relative to revenue growth. Depreciation was stable.

4) Key Metrics: Segment operating profit before tax and interest increased to Rs. 21.5 Cr from Rs. 13.7 Cr, driving an improved EBITDA margin.

5) Balance Sheet / Cash Flow Health: Net worth strengthened to Rs. 164.28 Cr from Rs. 129.45 Cr. Borrowings declined to Rs. 10.5 Cr from Rs. 13 Cr, reducing leverage. Operating cash flow was negative Rs. 23.68 Cr due to working capital outflows but partially balanced by Rs. 24.95 Cr cash inflow from investing activities. Capex remained minimal at Rs. 0.06 Cr.

6) Management Outlook: Full clarity awaits consolidated results as subsidiary audits remain pending, with recoverability of advances to step-down subsidiaries under review. Toll operations ended in Sep 2024. Board changes suggest governance improvements.

Final Takeaway: BF Utilities demonstrates healthy standalone growth and margin improvement, supported by segment turnarounds and a stronger balance sheet. Investors should be cautious pending consolidated results and resolution of subsidiary-related risks.