Integrated Filing — IndAS



General information about company

Scrip Code 530803
NSE Symbol BHAGERIA
MSEI Symbol NA
ISIN INE354C01027
Name of company BHAGERIA INDUSTRIES 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 02-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
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 Multi segment
Description of single segment
Start date and time of board meeting 02-02-2026   16:00:00
End date and time of board meeting 02-02-2026   18:15:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 24,192.57 60,468.42
Other income 342.77 1,183.14
Total income 24,535.34 61,651.56
2 Expenses
(a) Cost of materials consumed 14,337.83 37,835.35
(b) Purchases of stock-in-trade 4,068.21 6,580.58
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (13.58) (949.55)
(d) Employee benefit expense 703.86 2,067.20
(e) Finance costs 42.73 160.29
(f) Depreciation, depletion and amortisation expense 816.49 2,385.24
(f) Other Expenses
1 other expenses 3,081.53 8,743.65
Total other expenses 3,081.53 8,743.65
Total expenses 23,037.07 56,822.76
3 Total profit before exceptional items and tax 1,498.27 4,828.80
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,498.27 4,828.80
6 Tax expense
7 Current tax 367.66 1,412.81
8 Deferred tax (71.46) (203.66)
9 Total tax expenses 296.20 1,209.15
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 1,202.07 3,619.65
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 0.00 0.00
16 Total profit (loss) for period 1,202.07 3,619.65
17 Other comprehensive income net of taxes (0.60) (24.64)
18 Total Comprehensive Income for the period 1,201.47 3,595.01
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,182.21 2,182.21
Face value of equity share capital 5 5
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 2.75 8.29
Diluted earnings (loss) per share from continuing operations 2.75 8.29
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 2.75 8.29
Diluted earnings (loss) per share from continuing and discontinued operations 2.75 8.29
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The Unaudited Standalone Financial Result for the quarter ended December 31, 2025 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at the meeting held on February 02, 2026. The Statutory Auditors of the Company have carried out Limited Review of the above results as per Regulatlon 33 of the SEBI [Listing Obligation and Disclosure Requirements] Regulations, 2015. 2 Corresponding figures of previous year / quarter have been re-grouped/re-arranged, where considered necessary, to correspond to current year / quarter. 3 In accordance with Ind AS 108 – Operating Segments, the Company has identified the following reportable segments : (a) Chemicals, which include Organic Chemicals and Inorganic Chemicals; (b) Solar Power, encompassing the Generation and Distribution of Solar Power; and (c) Pharma and (d) Others, consisting of Trading and EPC in Solar. 4 On November 21, 2025, the Government of India notified four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the 'New Labour Codes', consolidating 29 existing labour laws. The Ministry of Labour & Employment has published draft Central Rules and FAQs on December 30, 2025, to facilitate assessment of the financial impact arising from these regulatory changes. Based on the information currently available and the guidance issued by the Institute of Chartered Accountants of India, the Company has assessed the impact of these changes and concluded that the same is not material in the standalone financial results for the quarter and nine months ended December 31, 2025. The Company will evaluate the impact, if any, on employee benefits once the relevant Central and State Rules are notified and will account for the same as applicable. 5 The full financial results are also available on the stock exchanges' website i.e. www.bseindia.com and www.nseindia.com and on the Company's website i.e. www.bhageriagroup.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Chemical 22,958.01 57,383.19
2 Solar Power 0.0073138 1,884.11
3 Pharma 0.0005453 0.0032019
4 Others 0.0044865 0.0088118
Total Segment Revenue 24,192.57 60,468.67
Less: Inter segment revenue 0.00 0.25
Revenue from operations 24,192.57 60,468.42
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Chemical 1,117.55 4,603.69
2 Solar Power 330.44 806.11
3 Pharma (125.83) (398.44)
4 Others 195.65 185.32
Total Profit before tax 1,517.81 5,196.68
i. Finance cost 42.73 160.29
ii. Other Unallocable Expenditure net off Unallocable income (23.19) 207.59
Profit before tax 1,498.27 4,828.80
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Chemical 54,837.42 54,837.42
2 Solar Power 10,932.90 10,932.90
3 Pharma 1,514.26 1,514.26
4 Others 1,838.93 1,838.93
Total Segment Asset 69,123.51 69,123.51
Un-allocable Assets 7,941.30 7,941.30
Net Segment Asset 77,064.81 77,064.81
4 Segment Liabilities
Segment Liabilities
1 Chemical 12,297.89 12,297.89
2 Solar Power 582.57 582.57
3 Pharma 1,017.44 1,017.44
4 Others 1,329.74 1,329.74
Total Segment Liabilities 15,227.64 15,227.64
Un-allocable Liabilities 3,182.46 3,182.46
Net Segment Liabilities 18,410.10 18,410.10
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the defined benefit plans 9.06 22.60
Total Amount of items that will not be reclassified to profit and loss 9.06 22.60
2 Income tax relating to items that will not be reclassified to profit or loss 2.28 5.69
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign operations (7.38) (41.55)
Total Amount of items that will be reclassified to profit and loss (7.38) (41.55)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (0.60) (24.64)





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 Sarada & Pareek LLP Yes 31-12-2028