Bihar Sponge Iron Ltd — Results, 12-08-2025: Result

Bihar Sponge Iron's Board has approved the financial results for the quarter. Net revenue from operations was Rs. 77.50 Cr, and profit was Rs. 2.12 Cr. Audit observations highlighted significant unprovided liabilities: a Rs. 2.15 Cr penalty from SECL for coal short-lifting, which the company is disputing. Also, Rs. 82.73 Cr in interest on a government soft loan is largely unprovided as the company seeks a waiver. The company is also discussing a one-time settlement for promoter loans. Separately, the board approved Mrs. Kumkum Modi's re-appointment as a Non-Executive Non-Independent Director and also approved auditor appointments/re-appointments.