5329302025-10-012025-12-315329302025-12-315329302025-04-012025-12-315329302025-10-012025-12-31in-capmkt:OtherExpenses1Member5329302025-10-012025-12-31in-capmkt:OtherExpenses2Member5329302025-10-012025-12-31in-capmkt:OtherExpenses3Member5329302025-04-012025-12-31in-capmkt:OtherExpenses1Member5329302025-04-012025-12-31in-capmkt:OtherExpenses2Member5329302025-04-012025-12-31in-capmkt:OtherExpenses3Member5329302025-10-012025-12-31in-capmkt:ReportableSegments1Member5329302025-10-012025-12-31in-capmkt:ReportableSegments2Member5329302025-10-012025-12-31in-capmkt:ReportableSegments3Member5329302025-04-012025-12-31in-capmkt:ReportableSegments1Member5329302025-04-012025-12-31in-capmkt:ReportableSegments2Member5329302025-04-012025-12-31in-capmkt:ReportableSegments3Member5329302025-10-012025-12-31in-capmkt:ReportableSegments1Member5329302025-10-012025-12-31in-capmkt:ReportableSegments2Member5329302025-10-012025-12-31in-capmkt:ReportableSegments3Member5329302025-04-012025-12-31in-capmkt:ReportableSegments1Member5329302025-04-012025-12-31in-capmkt:ReportableSegments2Member5329302025-04-012025-12-31in-capmkt:ReportableSegments3Member5329302025-10-012025-12-31in-capmkt:ReportableSegments1Member5329302025-12-31in-capmkt:ReportableSegments1Member5329302025-10-012025-12-31in-capmkt:ReportableSegments2Member5329302025-12-31in-capmkt:ReportableSegments2Member5329302025-10-012025-12-31in-capmkt:ReportableSegments3Member5329302025-12-31in-capmkt:ReportableSegments3Member5329302025-10-012025-12-31in-capmkt:ReportableSegments1Member5329302025-12-31in-capmkt:ReportableSegments1Member5329302025-10-012025-12-31in-capmkt:ReportableSegments2Member5329302025-12-31in-capmkt:ReportableSegments2Member5329302025-10-012025-12-31in-capmkt:ReportableSegments3Member5329302025-12-31in-capmkt:ReportableSegments3Memberiso4217:INRiso4217:INRxbrli:shares532930BGRENERGYNOTLISTEDINR661I01014BGR ENERGY SYSTEMS LIMITEDMain BoardEquity2025-04-012026-03-312026-02-132026-02-07INRLakhsQuarterlyThird quarterMulti segment2026-02-1312:15:002026-02-1316:00:00Not applicable2025-10-012025-12-31UnauditedConsolidated777100000217000000994100000715200000001850000002409000002830000017503000002919700000-19256000000-19256000000000-19256000000000-1925600000400000-1925200000-19277000002500000400000072160000010-26.72-26.7200-26.72-26.721.The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on Feb 13, 2026. <BR> 2.The financial results for the quarter and and nine months ended December 31, 2025 of the company on consolidation basis have been subjected to a "Limited Review" by the Statutory Auditors of the Company. <BR> 3.The consolidated unaudited financial results includes the interim financial information of three subsidiaries and one joint venture, which have not been reviewed by their auditors and are considered based on accounts certified by their respective management. <BR> 4.The financial statements of the subsidiaries namely, BGR Boilers Private Limited for the year ended 31.03.2025 and BGR Turbines Company Private Limited for the year ended 31.03.2025 are yet to be audited. <BR> 5.These Consolidated Financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013. The Interim Consolidated Financial results are prepared and presented in accordance with the significant accounting policies and methods, as adopted in the audited consolidated financial statements for the year ended 31st March 2025. <BR> 6.The accounts are prepared based on going concern basis only. The Promoters have infused unsecured loan of Rs.43318 lakhs for business operation upto 31st Dec 2025. Though there has been encashment of Bank Guarantees, the Company is continuing to execute the contracts and are hopeful of amicable solutions. <BR> 7.In respect of the NUPPL Ghatampur Balance of work contract, there were an additional works to be executed by the company beyond the original scope of the contract. The Management has raised a claim of Rs.80462 lakhs with customer, which was subsequently taken up before Conciliation Committee. The Committee has admitted and recommended to the customer for its approval for Rs.33969 lakhs and balance pending for admission. <BR> Pending approval from the customer and revision/amendment of work order, the company has charged the cost/expenses incurred to the Statement of Profit and Loss Account. During the nine months ended, the charge to profit and loss account is Rs.20464 lakhs and cumulative cost charged to P&L from Jul'24 to Dec'25 on account of this is Rs.40407 lakhs. <BR> 8.During July'25, Company received termination order from our customer-TANGEDCO,North chennai and income recognised by the Company is upto Dec'24. Company inititated arbitration proceedings against the termination order. <BR> 9.The VAT authority has passed an assessment order for Financial years 2009-10, 2010-11 & 2011-12 along with interest & penalty totalling to Rs.50869 Lakhs, against which the Company, appealed to Supreme Court. In the mean time, Rajasthan Government has introduced an amnesty scheme for settling the tax disputes. Accordingly, the company has filed an application for opting the scheme and settle the disputed matter. During the quarter and nine months ened the company has charged the net taxes amounting to Rs.12475 Lakhs to the statement of profit and loss account. <BR> 10.On November 21, 2025 the Government of India notified four labour codes. The incremental impact of these changes, assessed by the Company, has been recognised in the Standalone financial results of the Company for the quarter and nine months ended December 31,2025. <BR> 11.On 29th September 2025, 9 Public Sector banks (viz State Bank of India, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Indian Bank, IDBI Bank, Punjab National Bank and Union Bank of India) have assigned their outstanding dues payable by the Company to National Assets Reconstruction Company Ltd (NARCL). At present, only ICICI Bank facilities are still under NPA and not assigned to NARCL. Axis Bank and Kotak Mahindra Bank facilities are Non Fund based and are not classified as NPA. The Company is in discussion with NARCL for the documentation of the loan assignment and to finalise the total amount payable to NARCL. Interest not provided on the loan assigned for 2nd & 3rd quarter '2025-26. <BR> 12.The figures for the previous period have been regrouped/rearranged wherever necessary to conform to the current period's classification.2025-04-012025-12-31UnauditedConsolidated2495700000578600000307430000029619000000042190000022161000008290000026028000008285600000-52113000000-52113000000000-52113000000000-52113000002700000-5208600000-5199300000-93000002700000072160000010-72.09-72.0900-72.09-72.09Cost of Manufacturing and constructions440700000Other Direct cost13400000Other Expenses1296200000Cost of Manufacturing and constructions1140300000Other Direct cost17700000Other Expenses1444800000Capital Goods43000000Construction and EPC Contracts734100000Unallocated0Capital Goods255400000Construction and EPC Contracts2240300000Unallocated077710000024957000007771000002495700000Capital Goods-44000000Construction and EPC Contracts-1718500000Unallocated53500000Capital Goods-88200000Construction and EPC Contracts-2984800000Unallocated77800000-1709000000-2995200000240900000221610000000-1949900000-5211300000Capital Goods1250600000Construction and EPC Contracts43529400000Unallocated22860000045008600000045008600000Capital Goods1816600000Construction and EPC Contracts24573100000Unallocated39681100000660708000000660708000001.The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on Feb 13, 2026. <BR> 2.The financial results for the quarter and and nine months ended December 31, 2025 of the company on consolidation basis have been subjected to a "Limited Review" by the Statutory Auditors of the Company. <BR> 3.The consolidated unaudited financial results includes the interim financial information of three subsidiaries and one joint venture, which have not been reviewed by their auditors and are considered based on accounts certified by their respective management. <BR> 4.The financial statements of the subsidiaries namely, BGR Boilers Private Limited for the year ended 31.03.2025 and BGR Turbines Company Private Limited for the year ended 31.03.2025 are yet to be audited. <BR> 5.These Consolidated Financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013. The Interim Consolidated Financial results are prepared and presented in accordance with the significant accounting policies and methods, as adopted in the audited consolidated financial statements for the year ended 31st March 2025. <BR> 6.The accounts are prepared based on going concern basis only. The Promoters have infused unsecured loan of Rs.43318 lakhs for business operation upto 31st Dec 2025. Though there has been encashment of Bank Guarantees, the Company is continuing to execute the contracts and are hopeful of amicable solutions. <BR> 7.In respect of the NUPPL Ghatampur Balance of work contract, there were an additional works to be executed by the company beyond the original scope of the contract. The Management has raised a claim of Rs.80462 lakhs with customer, which was subsequently taken up before Conciliation Committee. The Committee has admitted and recommended to the customer for its approval for Rs.33969 lakhs and balance pending for admission. <BR> Pending approval from the customer and revision/amendment of work order, the company has charged the cost/expenses incurred to the Statement of Profit and Loss Account. During the nine months ended, the charge to profit and loss account is Rs.20464 lakhs and cumulative cost charged to P&L from Jul'24 to Dec'25 on account of this is Rs.40407 lakhs. <BR> 8.During July'25, Company received termination order from our customer-TANGEDCO,North chennai and income recognised by the Company is upto Dec'24. Company inititated arbitration proceedings against the termination order. <BR> 9.The VAT authority has passed an assessment order for Financial years 2009-10, 2010-11 & 2011-12 along with interest & penalty totalling to Rs.50869 Lakhs, against which the Company, appealed to Supreme Court. In the mean time, Rajasthan Government has introduced an amnesty scheme for settling the tax disputes. Accordingly, the company has filed an application for opting the scheme and settle the disputed matter. During the quarter and nine months ened the company has charged the net taxes amounting to Rs.12475 Lakhs to the statement of profit and loss account. <BR> 10.On November 21, 2025 the Government of India notified four labour codes. The incremental impact of these changes, assessed by the Company, has been recognised in the Standalone financial results of the Company for the quarter and nine months ended December 31,2025. <BR> 11.On 29th September 2025, 9 Public Sector banks (viz State Bank of India, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Indian Bank, IDBI Bank, Punjab National Bank and Union Bank of India) have assigned their outstanding dues payable by the Company to National Assets Reconstruction Company Ltd (NARCL). At present, only ICICI Bank facilities are still under NPA and not assigned to NARCL. Axis Bank and Kotak Mahindra Bank facilities are Non Fund based and are not classified as NPA. The Company is in discussion with NARCL for the documentation of the loan assignment and to finalise the total amount payable to NARCL. Interest not provided on the loan assigned for 2nd & 3rd quarter '2025-26. <BR> 12.The figures for the previous period have been regrouped/rearranged wherever necessary to conform to the current period's classification.-400000-27000004000002700000