Integrated Filing — IndAS



General information about company

Scrip Code 526666
NSE Symbol BIL
MSEI Symbol NOTLISTED
ISIN INE828A01016
Name of company BHARTIYA INTERNATIONAL LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 06-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Fashion Apparels and Accessories including Intermediaries
Start date and time of board meeting 06-11-2025   11:30:00
End date and time of board meeting 06-11-2025   13:20:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 39,940.30 67,936.45
Other income 26.13 115.81
Total income 39,966.43 68,052.26
2 Expenses
(a) Cost of materials consumed 19,102.69 34,400.38
(b) Purchases of stock-in-trade 6,634.18 9,605.67
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,194.01) (3,368.67)
(d) Employee benefit expense 1,836.14 3,799.66
(e) Finance costs 1,307.85 2,469.84
(f) Depreciation, depletion and amortisation expense 645.42 1,292.25
(f) Other Expenses
1 Manufacturing Expenses 6,216.62 10,989.72
2 Legal And Professional Charges 481.72 955.22
3 Repair & Maintainence 345.05 668.64
4 Freight on Exports 610.25 909.66
5 Other Expenses 1,897.38 3,255.22
Total other expenses 9,551.02 16,778.46
Total expenses 37,883.29 64,977.59
3 Total profit before exceptional items and tax 2,083.14 3,074.67
4 Exceptional items 0.00 0.00
5 Total profit before tax 2,083.14 3,074.67
6 Tax expense
7 Current tax 732.96 1,053.58
8 Deferred tax (110.33) (123.19)
9 Total tax expenses 622.63 930.39
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,460.51 2,144.28
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (466.84) (592.32)
16 Total profit (loss) for period 993.67 1,551.96
17 Other comprehensive income net of taxes (11.33) (16.70)
18 Total Comprehensive Income for the period 982.34 1,535.26
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 993.35 1,551.72
Total profit or loss, attributable to non-controlling interests 0.32 0.24
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 982.02 1,535.02
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.32 0.24
21 Details of equity share capital
Paid-up equity share capital 1,341.04 1,341.04
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 7.61 11.89
Diluted earnings (loss) per share from continuing operations 7.56 11.81
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 7.61 11.89
Diluted earnings (loss) per share from continuing and discontinued operations 7.56 11.81
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above Consolidated unaudited financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors of the Company at its meeting held on 6th November, 2025.The Statutory Auditors have carried out a Limited Review of the above financial results. 2. The Group includes the following entities: Relationship Name of the Entities Subsidiaries (a) Bhartiya Global Marketing Limited (b) J&J Leather Enterprises Limited (c) Bhartiya International SEZ Limited (d) Bhartiya Urban Infrastructure Limited (e) Bhartiya Fashion Retail Limited (f) Ultima S.A. (g) Design Industry Limited (h) Design Industry China Ltd (i) Ultima Italia SRL (J) World Fashion Trade Limited Associates (a) Bhartiya Urban Private Limited (b)Tada Mega Leather Cluster Private Limited 3. These results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act,2013 and other recognised accounting practices and policies to the extent applicable. 4. The Company operates in a single business segment-Fashion Apparels and Accessories including Intermediaries as per Ind AS-108 Operating Segment. Accordingly, no further segment disclosures are required. 5. The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post - employment benefits has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code and recognise the same when the Code becomes effective. 6. Upon receipt of shareholders’ approval at the EGM held on 3rd June, 2024, the Company allotted 12,01,000 warrants to Urbanac Projects Private Limited (a promoter group company) on 14th June, 2024. Of these, 7,75,000 warrants were converted into equity shares on 19th March, 2025, and the remaining 4,26,000 on 2nd September, 2025, resulting in full conversion with no warrants remain outstanding as on date. 7. The Company has entered into an Agreement with a Related Party for the sale of its immovable property situated at Gottigere Village, Uttarahalli Hobli, Bengaluru, for a total consideration of Rs. 3,100 lakhs. The Company is presently in the process of relocating its manufacturing operations from the said premises to an alternative location. The transfer of the property shall be effected upon completion of the relocation process and fulfillment of all other terms and conditions stipulated under the Agreement to Sell by both parties. 8. Figures for the previous periods have been regrouped/ reclassified / restated wherever considered necessary. 9. The Financial Results are also available on the Company's website at www.bhartiya.com and websites of BSE and NSE.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 13,878.66
Capital work-in-progress 310.85
Investment property 491.24
Goodwill 25.25
Other intangible assets 722.19
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 3,781.04
Non-current financial assets
Non-current investments 35.00
Trade receivables, non-current 0.00
Loans, non-current 2,796.13
Other non-current financial assets 55.06
Total non-current financial assets 2,886.19
Deferred tax assets (net) 0.00
Other non-current assets 33.25
Total non-current assets 22,128.67
2 Current assets
Inventories 67,012.28
Current financial asset
Current investments 0.00
Trade receivables, current 24,379.46
Cash and cash equivalents 4,037.27
Bank balance other than cash and cash equivalents 5,603.27
Loans, current 134.22
Other current financial assets 6,495.44
Total current financial assets 40,649.66
Current tax assets (net) 201.26
Other current assets 2,817.03
Total current assets 1,10,680.23
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,32,808.90
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,341.04
Other equity 46,987.20
Total equity attributable to owners of parent 48,328.24
Non controlling interest 0.00
Total equity 48,328.24
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 6,187.03
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 140.99
Total non-current financial liabilities 6,328.02
Provisions, non-current 202.16
Deferred tax liabilities (net) 64.61
Deferred government grants, Non-current 0.00
Other non-current liabilities 664.68
Total non-current liabilities 7,259.47
Current liabilities
Current financial liabilities
Borrowings, current 44,194.93
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 27,451.10
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 380.27
Total Trade payable 27,831.37
Other current financial liabilities 2,942.12
Total current financial liabilities 74,968.42
Other current liabilities 244.50
Provisions, current 296.32
Current tax liabilities (Net) 1,711.95
Deferred government grants, Current 0.00
Total current liabilities 77,221.19
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 84,480.66
Total equity and liabilites 1,32,808.90
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) 1) Property, Plant and Equipment of Rs. 13878.66 Lakhs includes Rs. 726.80 Lakhs of Right to use Assets. 2) Non-Current Financial Liabilities (Borrowings) of Rs. 6187.03 Lakhs includes Rs. 268.89 Lakhs of Lease Liabilities. 3) Current Financial Liabilities (Borrowings) of Rs. 44194.93 Lakhs includes Rs. 128.95 of Lease Liabilities.



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to Profit or Loss (15.23) (22.41)
Total Amount of items that will not be reclassified to profit and loss (15.23) (22.41)
2 Income tax relating to items that will not be reclassified to profit or loss (3.90) (5.71)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (11.33) (16.70)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 3,074.67
Adjustments for reconcile profit (loss)
Adjustments for finance costs 2,469.84
Adjustments for decrease (increase) in inventories (4,958.44)
Adjustments for decrease (increase) in trade receivables, current (5,593.92)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 204.90
Adjustments for decrease (increase) in other non-current assets 1.22
Adjustments for other financial assets, non-current (59.40)
Adjustments for other financial assets, current (2,918.09)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 7,657.43
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (31.18)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,292.25
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 81.79
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 952.89
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 563.79
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (7.73)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (344.65)
Net cash flows from (used in) operations 2,730.02
Dividends received 0.00
Interest paid 1.86
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 2,728.16
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 512.73
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (759.97)
Net cash flows from (used in) investing activities (1,272.70)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 1,373.85
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 2,538.59
Repayments of borrowings 0.00
Payments of lease liabilities 75.43
Dividends paid 2,453.12
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 1,383.89
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 2,839.35
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 2,839.35
Cash and cash equivalents cash flow statement at beginning of period 1,197.92
Cash and cash equivalents cash flow statement at end of period 4,037.27





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Sushil Poddar & Co. Yes 31-03-2028