BFINVEST2024-10-012024-12-31 BFINVEST2024-10-012024-12-31 BFINVEST2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member BFINVEST2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member BFINVEST2024-12-31 BFINVEST2024-12-31 BFINVEST2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member BFINVEST2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member BFINVEST2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member BFINVEST2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533303 BFINVEST NOTLISTED BF Investment Limited Equity 2024-04-01 2025-03-31 2025-02-13 2025-02-13 INR Millions Third quarter 2025-02-13 16:00:00 2025-02-13 16:45:00 false Not applicable Single segment INVESTMENT COMPANY 2024-10-01 2024-12-31 Unaudited Consolidated 66060000.00 62940000.00 0.00 0.00 -36370000.00 0.00 0.00 0.00 92630000.00 120000.00 92750000.00 0.00 0.00 0.00 560000.00 0.00 1090000.00 0.00 0.00 0.00 0.00 4050000.00 5700000.00 87050000.00 0.00 87050000.00 31000000.00 -1700000.00 29300000.00 57750000.00 0.00 0.00 0.00 12170000.00 69920000.00 -6352420000.00 -6282500000.00 69920000.00 0.00 -6282500000.00 0.00 188340000.00 5 1.86 1.86 0.00 0.00 1.86 1.86 1.The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meetings held on February 13, 2025. 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). 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. 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). 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. 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. 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”. 6.The consolidated financial results include consolidated results of the following companies: Associate Companies % of ownership Kalyani Steels Limited 39.06% KSL Holdings Private Limited 42.52% Triumphant Special Alloys Pvt. Ltd. (previously known as Carpenter Kalyani Special Alloys Pvt. Ltd) 45.51% Kalyani Financial Services Limited 49.00% Nandi Engineering Limited* 40.00% Synise Technologies Limited* 46.77% Joint Ventures Automotive Axles Limited 35.52% Meritor (HVS) India Limited 48.99% * Companies not considered for consolidation in view of no/immaterial operations and therefore immaterial with respect to the consolidated financial results. 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. 8.Previous quarter/year figures have been regrouped and reclassified, wherever necessary to make them comparable with current period. For BF Investment Ltd. B. S. Mitkari Director DIN: 03632549 Duly Authorised by the Board of Directors on their behalf Place: Pune Date: February 13, 2025 Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 175890000.00 166400000.00 0.00 0.00 13350000.00 0.00 0.00 0.00 355640000.00 7140000.00 362780000.00 0.00 0.00 0.00 2360000.00 0.00 3220000.00 0.00 0.00 0.00 0.00 20220000.00 25800000.00 336980000.00 0.00 336980000.00 231000000.00 591760000.00 822760000.00 -485780000.00 0.00 0.00 0.00 2741960000.00 2256180000.00 9259600000.00 11515780000.00 2256180000.00 0.00 11515780000.00 0.00 188340000.00 5 59.90 59.90 0.00 0.00 59.90 59.90 Other expenses 4050000.00 Other expenses 20220000.00 0.00 0.00 0.00 0.00 Changes in Fair value of investment -3186520000.00 Changes in Fair value of FVOCI Equity investment- share of associates and joint venture -3619730000.00 Changes in Fair value of investment 3460090000.00 Changes in Fair value of FVOCI Equity investment- share of associates and joint venture 6532280000.00 -6806250000.00 9992370000.00 -453830000.00 732770000.00 0.00 0.00 -6352420000.00 9259600000.00