5333032025-01-012025-03-315333032025-03-315333032024-03-315333032024-04-012025-03-315333032025-01-012025-03-31in-capmkt:OtherExpenses1Member5333032024-04-012025-03-31in-capmkt:OtherExpenses1Member5333032025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15333032025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25333032025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35333032025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss45333032024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15333032024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25333032024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35333032024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss4iso4217:INRiso4217:INRxbrli:shares533303BFINVESTNOTLISTEDINE878K01010BF INVESTMENT LIMITEDMain BoardEquity2024-04-012025-03-312025-05-292025-05-23INRMillionsQuarterlyFourth quarterSingle segmentINVESTMENT COMPANY2025-05-2914:00:002025-05-2914:50:00trueCash Flow IndirectNot applicable2025-01-012025-03-31AuditedConsolidated696800001762800000018700000000264660000100002646700000006400000110000000004884000050580000214090000021409000090000000-112540000-22540000236630000000-269900000-33270000-4496480000-4529750000-332700000452975000001883400005-0.88-0.8800-0.88-0.881. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on May 29, 2025. <BR> 2. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS), the provisions of the Companies Act,2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI). <BR> 3. The Company is in the business of making investments in group companies, focusing on earning income through dividends, interest and gains on investment held, which is a single segment in accordance with Ind AS 108 - "Operating segment" notified pursuant to Companies (Indian Accounting Standards) Rules, 2015 as amended. <BR> 4. The Company holds investment in listed entity. Changes in fair value in respect of those investments is accounted for in other comprehensive income. In compliance with Ind AS 12, the Company was making accounting provisions for Deferred Tax as per applicable law on changes in fair value on this investment. For the listed entity, the Finance (No. 2) Act, 2024 changed the tax rate with respect to long-term capital gains from 10% plus surcharge and cess to 12.5% plus surcharge and cess. Further, for the unlisted entity. the said Act withdrew the indexation benefit on long-term capital gains and the tax rate was changed from 20% plus surcharge and cess (with indexation) to 12.5% plus surcharge and cess (without indexation). <BR> Due to the aforesaid changes, the accounting provision for Deferred Tax created on changes in fair value has been consequently increased while computing the other comprehensive income from the period ended September 30, 2024. <BR> It is to be noted that only a provision is being made in the books of accounts at this point of time to record the Deferred Tax, in line with the applicable accounting standards and the recently enacted tax change. The actual payment of tax would be made at the time of sale /transfer of these investments. The cash outflow towards tax could be different at the time of sale/ transfer depending on the actual gain and prevailing tax regulations. <BR> <BR> 5. Consolidated other comprehensive income for the quarter ended 30th Sept 2024 includes Rs. 10,177.07 Millions as a share of KSL Holdings Private Limited, an associate company, which represents cumulative fair valuation gain for the period ended September 30, 2024 on quoted equity shares held by KSL Holdings Private Limited, recognized in compliance of Ind AS 109 “Financial Instrument”. <BR> <BR> 6. The consolidated financial results include consolidated results of the following companies: <BR> Associate Companies % of ownership <BR> Kalyani Steels Limited 39.06% <BR> KSL Holdings Private Limited 42.52% <BR> Triumphant Special Alloys Pvt. Ltd. (previously known as Carpenter Kalyani Special Alloys Pvt. Ltd) 45.51% <BR> Kalyani Financial Services Private Limited 49.00% <BR> Nandi Engineering Limited* 40.00% <BR> Synise Technologies Limited* 46.77% <BR> Joint Ventures <BR> Automotive Axles Limited 35.52% <BR> Meritor (HVS) India Limited 48.99% <BR> * Companies not considered for consolidation in view of no/immaterial operations and therefore immaterial with respect to the consolidated financial results. <BR> <BR> 7. The main source of income of the Company is by way of dividend on investments held by it, which is generally received/accrued in the second quarter of the year. <BR> 8. 'The figures pertaining to quarter ended March 31, 2025 and March 31, 2024 are the derived figures between the audited amounts for the year ended March 31, 2025 and March 31, 2024 and unaudited amounts published for the nine months ended December 31, 2024 and December 31, 2023 respectively. <BR> 9. Previous quarter/year figures have been regrouped and reclassified, wherever necessary to make them comparable with current period. <BR> <BR> For BF Investment Ltd. <BR> <BR> B. S. Mitkari <BR> Director <BR> DIN: 03632549 <BR> Duly Authorised by the Board of Directors on their behalf <BR> Place: Pune <BR> Date: May 29, 20252024-04-012025-03-31AuditedConsolidated24557000034268000000320500000006203000007150000627450000000300000004320000000069060000763800005510700000551070000321000000479220000800220000-2491500000002472060000222291000047631200006986030000222291000006986030000018834000056881056000059.0159.010059.0159.01Other expenses48840000Other expenses6906000072980000396124000000023299000071280210000299980000758474000000320000001296600000149200000000272000015050000075997900000188340000688105600006899890000006899890000002000010000000000411500004118000012270000120000694543000006957820000699900000075997900000Re-measurement (gains)/ loss on defined benefit plans10000Changes in fair value of Investment-2275610000Share in OCI of Associates and Joint Venture- Fair value of FVOCI Investments-2544810000Share in OCI of Associates and Joint Venture- Measurements on account of post employement benefit obligation-1480000-4821890000Re-measurement (gains)/ loss on defined benefit plans10000Changes in fair value of Investment1184480000Share in OCI of Associates and Joint Venture- Fair value of FVOCI Investments3987470000Share in OCI of Associates and Joint Venture- Measurements on account of post employement benefit obligation-75100005164450000-32541000040133000000-4496480000476312000000002500000000-76200000-100000898000004320000000-380000-25500000000-32050000000700000-424000054683000000033443000002124000000021042000000000032000000000000000014405400000000739870000000-4905700000000000000000000-2781700000-27817000035115000072980000