INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol BLUEWATER
MSEI Symbol NOTLISTED
ISIN INE0X3M01010
Name of Company Blue Water Logistics Limited
Type of company SME
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 20-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Logistics
Start date and time of board meeting 20-05-2026   16:00:00
End date and time of board meeting 20-05-2026   17:30:00
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 20-05-2026
Indicate Company website link for updated RPT policy of the Company https://bwl.co.in/wp-content/uploads/2025/09/2.Policy-on-Dealing-with-Related-Party-Transactions.pdf
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? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable


Financial Results — Other than Bank

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 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 24,774.95 38,602.05
Other income 24.37 31.26
Total Income 24,799.32 38,633.31
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 824.84 1,229.97
(e) Finance costs 321.09 468.55
(f) Depreciation and amortisation expense 311.31 574.76
(g) Other Expenses
1 Operating Expenses 20,873.94 32,335.65
2 Other Expenses 239.03 639.15
Total other expenses 21,112.97 32,974.80
Total expenses 22,570.21 35,248.08
3 Profit before exceptional and extraordinary items and tax 2,229.11 3,385.23
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 2,229.11 3,385.23
6 Extraordinary items 0.00 0.00
7 Profit before tax 2,229.11 3,385.23
8 Tax Expense
Current tax 549.23 824.05
Deferred tax 22.00 40.47
Total tax expenses 571.23 864.52
9 Net Profit Loss for the period from continuing operations 1,657.88 2,520.71
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest 1,657.88 2,520.71
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 1,657.88 2,520.71
17 Details of equity share capital
Paid-up equity share capital 1,100.00 1,100.00
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 7,009.58
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 15.77 23.97
Diluted earnings (loss) per share from continuing and discontinued operations 15.77 23.97
20 Debt equity ratio 1.3300 1.3300
21 Debt service coverage ratio 0.300 0.4400
22 Interest service coverage ratio 7.9400 8.2200
23 Disclosure of notes on financial results Textual Information(1)


Text Block

Textual Information(1) 1 The above Financial Results which are published in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been reviewed and recommended by the Audit Committee and have been approved by the Board of Directors at its Meeting held on May 20, 2026. 2 The Statutory Auditors of the Company have carried out the Audit of the above financial results of the Company and have expressed an unmodified opinion on these results. 3 The company operates in a single segment i.e. Integrated logistics end to end services to the customers in the area of Sea Freight, Air freight, Transportation and custom house accordingly, the reporting under AS17 Segment reporting are Not applicable to the company. 4 Previous period figures have been re-grouped / re-classified wherever necessary, to conform to current period's classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April 2021. 5 As the company is listed on SME Platform of NSE, it has been exempted from the applicability of IND-AS as per the proviso to rule 4 of companies (Indian Accounting Standards) Rules, 2015 6 The Financial results have been prepared in accordance with the accounting standard as notified under section 133 of the Companies Act 2013 (Act), read with the relevant rules made thereunder and other accounting principles generally accepted in India. 7 The results for the period or year ended March 31st, 2026 are available on the National Stock Exchange of India Limited website (URL: www.nseindia.com) and also on the company's website www.bwl.co.in 8 Internal Audit of Financial results for the Quarter ended on 31 March 2026 has been conducted by the Internal Auditor of the Company. 9 As the company do not have any Holding or Subsidiary or Joint or Venture Associate concern, no reporting has been made in this regard. 10 There are no investor complaints received or pending as on 31st March, 2026. 11 The figure for the quarter and half year ended 31st March 2026 are the balancing figures between the audited figures in respect of full financial year and the published unaudited year to date figures up to the third quarter and 1st half year of the relevant financial year respectively, which were subjected to limited reviewed.


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 3,385.23
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 468.55
Adjustments for depreciation and amortisation expense 574.76
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 15.35
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 1,058.66
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables (9,628.61)
Adjustments for decrease (increase) in other current assets (1,661.31)
Adjustments for increase (decrease) in trade payables 2,028.13
Adjustments for increase (decrease) in other current liabilities 133.96
Adjustments for provisions 0.00
Total adjustments for working capital (9,127.83)
Total adjustments for reconcile profit (loss) (8,069.17)
Net cash flows from (used in) operations (4,683.94)
Dividends received 0.00
Interest paid 0.00
Interest received (18.17)
Income taxes paid (refund) 639.76
Other inflows (outflows) of cash (0.68)
Net cash flows from (used in) operating activities before extraordinary items (5,342.55)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities (5,342.55)
4 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 2,634.27
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 644.46
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 18.17
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (87.87)
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items (3,348.43)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (3,348.43)
Cash flows from used in financing activities
Proceeds from issuing shares 3,568.75
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 7,579.98
Repayments of borrowings 500.06
Dividends paid 0.00
Interest paid 468.55
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities before extraordinary items 10,180.12
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 10,180.12
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,489.14
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.68
Net increase (decrease) in cash and cash equivalents 1,489.82
Cash and cash equivalents cash flow statement at beginning of period 78.20
Cash and cash equivalents cash flow statement at end of period 1,568.02


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 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 1,100.00
Reserves and surplus 7,009.58
Money received against share warrants 0.00
Total shareholders' funds 8,109.58
2 Share application money pending allotment 0.00
3 Deferred government grants 0.00
4 Minority interest
5 Non-current liabilities
Long-term borrowings 2,508.44
Deferred tax liabilities (net) 33.38
Foreign currency monetary item translation difference liability account 0.00
Other long-term liabilities
Total of Other long-term liabilities
Long-term provisions 32.41
Total non-current liabilities 2,574.23
6 Current liabilities
Short-term borrowings 8,244.56
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 231.23
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,241.85
Total Trade payable 3,473.08
Other current liabilities
1 Other Current Liabilites 321.15
Total of Other long-term liabilities 321.15
Short-term provisions 827.04
Total current liabilities 12,865.83
Total equity and liabilities 23,549.64
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 2,155.52
Producing properties 0.00
Intangible assets 587.30
Preproducing properties 0.00
Property, Plant and Equipment capital work-in-progress 655.08
Intangible assets under development or work-in-progress 4.00
Total Property, Plant and Equipment and Intangible assets 3,401.90
ii Non-current investments 0.00
v Deferred tax assets (net) 0.00
vi Foreign currency monetary item translation difference asset account 0.00
vii Long-term loans and advances 33.76
Other non-current assets
1 Other non-current assets 501.79
Total of Other non-current assets 501.79
Total non-current assets 3,937.45
Current assets
Current investments 0.00
Inventories 0.00
Trade receivables 14,143.35
Cash and cash equivalents 1,568.03
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 907.56
Other current assets
1 Other current assets 2,993.25
Total of Other current assets 2,993.25
Total current assets 19,612.19
Total assets 23,549.64
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1)


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 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
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
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
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. M B Jajodia & Associates Yes 31-07-2026


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 29-05-2025
Amount Raised 4,050.00
Report filed for Quarter ended 31-03-2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review The committee had noted that there is no deviation/variation
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Funding of capital expenditure requirements by purchase of Vehicles and its body building NA 1,051.73 0.00 1,051.73 0.00
2 Funding Working Capital Requirements of our Company NA 2,000.00 0.00 2,000.00 0.00
3 General corporate purposes NA 517.02 0.00 517.02 0.00
4 Issue related Expenses NA 481.25 0.00 481.25 0.00


Signatory Details

Name of signatory Lalit Panda
Designation of person Managing Director
Place Hyderabad
Date 20-05-2026


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 BLUE WATER LOGISTICS LIMITED Supriya Mishra Director Loan NA 0.00 160.72 160.72
2 BLUE WATER LOGISTICS LIMITED Moonglade Shipping And Logistics Private Ltd Relative of the Director Sale of goods or services NA 1,263.39 46.76 646.78
3 BLUE WATER LOGISTICS LIMITED Madhusmita Mohanty Director Loan NA 0.00 10.83 10.83
4 BLUE WATER LOGISTICS LIMITED Madhusmita Mohanty Director Advance NA 0.00 33.76 33.76
5 BLUE WATER LOGISTICS LIMITED Madhusmita Mohanty Director Purchase of goods or services NA 407.47 0.00 0.00
6 BLUE WATER LOGISTICS LIMITED Madhusmita Mohanty Director Remuneration NA 24.00 3.03 0.00
7 BLUE WATER LOGISTICS LIMITED Supriya Mishra Director Remuneration NA 24.00 3.06 0.00
8 BLUE WATER LOGISTICS LIMITED Laxmi Narayan Mishra Director Remuneration NA 24.00 3.04 0.00
9 BLUE WATER LOGISTICS LIMITED Lalit Panda Director Remuneration NA 24.00 2.99 0.00
10 BLUE WATER LOGISTICS LIMITED Priya Dholu Company Secretary Remuneration NA 1.50 0.25 0.00
11 BLUE WATER LOGISTICS LIMITED Mohammed Jaffar Chief Financial Officer Remuneration NA 3.00 0.47 0.00
12 BLUE WATER LOGISTICS LIMITED Bhumika Mishra Daughter of Laxmi Narayan Mishra Any other transaction Salaries NA 4.50 0.75 0.00
13 BLUE WATER LOGISTICS LIMITED Sandip Kumar Dwibedy Brother of Director ( Supriya Mishra ) Any other transaction Salaries NA 13.25 1.11 0.00
14 BLUE WATER LOGISTICS LIMITED BWL Express Cargo Limited Relative of the Director Advance NA 11.57 70.09 70.09
15 BLUE WATER LOGISTICS LIMITED BWL Express Cargo Limited Relative of the Director Any other transaction Adavance Recovered NA 11.57 70.09 70.09
Total value of transaction during the reporting period 1,812.25