Bf Utilities Limited

BSE: 532430 NSE: BFUTILITIE
Bf Utilities Limited - environment in Pune, Maharashtra, India. FY 2026 financials and compliance.
CIN L40108PN2000PLC015323 Incorporated 15 September 2000 ROC Pune HQ Pune, Maharashtra, India
Active Listed - NSE: BFUTILITIE · BSE: 532430 Public Limited Company environment
Data last updated
Revenue · FY 2026
₹18.86 Cr
▲ 1.49% YoY
EBITDA · FY 2026
₹7.27 Cr
▼ 67.26% YoY
Net profit · FY 2026
₹2.23 Cr
▼ 86.02% YoY
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹18.83 Cr
Issued & subscribed
Open charges
None
Satisfied ₹349.51 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
8
Latest available

About Bf Utilities Limited

Data last updated: 23 December 2025

Bf Utilities Limited is a public limited company based in Pune, Maharashtra, India. It specialises in wind energy solutions, a part of the broader environmental services sector. Incorporated on 15 September 2000, the company has been in operation for over 26 years.

Registered with ROC Pune under CIN L40108PN2000PLC015323. Listed on BSE: 532430 and NSE: BFUTILITIE.

Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹18.83 Cr. It is led by directors including Amit Babasaheb Kalyani and Jayant Kumodchandra Hemade.

Last AGM: 24 December 2024. Financial statements filed for year ended 31 March 2024. Office: Mundhawapune Cantonment Pune, Maharashtra, India – 411036.

As per the financials filed for FY 2025, the company reported a revenue of ₹861.7 Cr, a decline of 13% compared to the previous year.

The company has a workforce of approximately 8 employees as per the latest available data. Its group structure includes 4 subsidiaries.

The company is associated with 1 brand - Bf Utilities. As per MCA filings, the company has satisfied charges of ₹349.51 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bfutilities.com.

Company Details of Bf Utilities Limited
CIN L40108PN2000PLC015323
Registration Number 015323
Incorporation Date 15 September 2000
ROC Pune
Listing Status Listed (BSE: 532430, NSE: BFUTILITIE)
Company Status Active
Date of Last AGM 24 December 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Bhalchandra Shankar Mitkari Whole-Time Director Amit Babasaheb Kalyani Director Jayant Kumodchandra Hemade Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    bfutilities.com
  • Social Media
    **************
  • Registered Address
    Mundhawapune Cantonment Pune, Maharashtra, India – 411036
  • Industry
    Environment, Wind Energy Solutions
Company report
Bf Utilities Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Bf Utilities Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Bf Utilities Limited

Bf Utilities Limited operates one associated brand: BF Utilities. These brands represent Bf Utilities Limited's diversified market presence and brand portfolio.

Brand Description Website
BF Utilities
Provider of wind energy infrastructure and investment services bfutilities.com

Business Activity of Bf Utilities Limited

Bf Utilities Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including electric power generation, transmission and distribution.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
D Electricity, gas, steam and air condition supply D1 Electric power generation, transmission and distribution *********

Auditor Details of Bf Utilities Limited

Bf Utilities Limited is audited by G. D. Apte and Co. (ICAI peer reviewed, certificate valid till 2026-11-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
G. D. Apte and Co. (ICAI peer reviewed, certificate valid till 2026-11-30) FY 2026 Statement on impact of audit qualification

Board of Directors of Bf Utilities Limited

Bf Utilities Limited is currently managed by 6 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Amit Babasaheb Kalyani
Also directs: Novel Engineering And Technology Consultants Llp, India Internet Domain Llp, Zephyr Engineering And Technology Consultants Llp and 5 more
Director 01 Aug 2005 20 Years 11 Months Current
Jayant Kumodchandra Hemade
Also directs: Nandi Infrastructure Corridor Enterprise Limited, Nandi Highway Developers Limited, Nandi Economic Corridor Enterprises Limited.
Director 29 Nov 2023 2 Years 7 Months Current
Bhalchandra Shankar Mitkari
Also directs: Bf Investment Limited, Nandi Infrastructure Corridor Enterprise Limited, Nandi Highway Developers Limited and 1 more
Whole-Time Director 01 Apr 2019 7 Years 3 Months Current
Madan Umakant Takale
Also directs: Kalyani Steels Ltd, Bf Investment Limited, Bful Resources Private Limited and 2 more
Additional Director 29 May 2025 1 Years 1 Months Current
Shrikrishna Kiran Adivarekar
Also directs: Hikal Limited, Kalyani Steels Ltd, Kalyani Investment Company Limited and 2 more
Director 30 May 2018 8 Years 1 Months Current
View all directors

Financials of Bf Utilities Limited FY 2026 filings available

Bf Utilities Limited reported revenue of ₹18.86 Cr (up 1.49% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹18.86 Cr ▲ 1.49%
Profit · FY 2026
₹2.23 Cr ▼ 86.02%
EBITDA · FY 2026
₹7.27 Cr ▼ 67.26%
Revenue₹ Cr · Standalone01020FY 2020: ₹19 Cr19.3FY 2020FY 2021: ₹15 Cr · -24.2% YoY14.6-24.2%FY 2021FY 2022: ₹18 Cr · +26% YoY18.4+26%FY 2022FY 2023: ₹18 Cr · -1.9% YoY18-1.9%FY 2023FY 2024: ₹19 Cr · +7.6% YoY19.4+7.6%FY 2024FY 2025: ₹19 Cr · -4.2% YoY18.6-4.2%FY 2025FY 2026: ₹19 Cr · +1.5% YoY18.9+1.5%FY 2026
Net Profit₹ Cr · Standalone-1001020FY 2020: ₹3 Cr2.5FY 2020FY 2021: ₹2 Cr (loss) · -168.2% YoY-1.7FY 2021FY 2022: ₹3 Cr · +264.6% YoY2.8+264.6%FY 2022FY 2023: ₹6 Cr · +104.2% YoY5.8+104.2%FY 2023FY 2024: ₹10 Cr · +74.8% YoY10.1+74.8%FY 2024FY 2025: ₹16 Cr · +58.5% YoY16+58.5%FY 2025FY 2026: ₹2 Cr · -86% YoY2.2-86%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0510Q1'25: ₹5 Cr · +1.7% YoY5.5+1.7%Q1'25Q2'25: ₹9 Cr · -13.3% YoY8.9-13.3%Q2'25Q3'25: ₹2 Cr · +34.5% YoY1.8+34.5%Q3'25Q4'25: ₹2 Cr · -0.4% YoY2.4-0.4%Q4'25Q1'26: ₹6 Cr · +5.7% YoY5.8+5.7%Q1'26Q2'26: ₹8 Cr · -10.7% YoY8-10.7%Q2'26Q3'26: ₹3 Cr · +88.1% YoY3.5+88.1%Q3'26Q4'26: ₹2 Cr · -29.7% YoY1.7-29.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹18.86 Cr ₹18.58 Cr ₹19.4 Cr ₹18.03 Cr ₹18.38 Cr ₹14.59 Cr ₹19.25 Cr
Other Income ₹14.48 Cr ₹23.1 Cr ₹16.19 Cr ₹8.58 Cr ₹6.6 Cr ₹3.21 Cr ₹4.51 Cr
Total Income ₹33.34 Cr ₹41.68 Cr ₹35.59 Cr ₹26.61 Cr ₹24.97 Cr ₹17.79 Cr ₹23.76 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹49,000 ₹93,000 -₹76,000 -₹55,000 ₹3.26 Lakh ₹3.11 Lakh -₹2.69 Lakh
Employee Benefit Expense ₹2.63 Cr ₹2.33 Cr ₹2.01 Cr ₹1.95 Cr ₹1.87 Cr ₹1.38 Cr ₹1.77 Cr
Finance Costs ₹5,000 ₹13,000 ₹19,000 ₹3.48 Lakh ₹21.05 Lakh ₹55.96 Lakh ₹1.09 Cr
Depreciation & Amortisation ₹63.87 Lakh ₹68.44 Lakh ₹70.96 Lakh ₹71.11 Lakh ₹2.02 Cr ₹3.56 Cr ₹3.87 Cr
Other Expenses ₹23.44 Cr ₹17.15 Cr ₹19.19 Cr ₹17.15 Cr ₹16.25 Cr ₹15.79 Cr ₹15.09 Cr
Total Expenses ₹26.72 Cr ₹20.18 Cr ₹21.9 Cr ₹19.84 Cr ₹20.38 Cr ₹21.32 Cr ₹21.79 Cr
Profit Before Exceptional Items & Tax ₹6.63 Cr ₹21.5 Cr ₹13.69 Cr ₹6.77 Cr ₹4.59 Cr -₹3.53 Cr ₹1.97 Cr
Exceptional Items -₹88.99 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹5.74 Cr ₹21.5 Cr ₹13.69 Cr ₹6.77 Cr ₹4.59 Cr -₹3.53 Cr ₹1.97 Cr
Total Tax Expense ₹3.5 Cr ₹5.52 Cr ₹3.6 Cr ₹99.54 Lakh ₹1.76 Cr -₹1.81 Cr -₹55.3 Lakh
Net Profit ₹2.23 Cr ₹15.98 Cr ₹10.09 Cr ₹5.77 Cr ₹2.83 Cr -₹1.72 Cr ₹2.52 Cr
Other Comprehensive Income ₹5.81 Lakh ₹1.64 Lakh ₹10.18 Lakh ₹5.83 Lakh ₹53.72 Lakh ₹10.56 Lakh -₹10.85 Lakh
Total Comprehensive Income ₹2.29 Cr ₹16 Cr ₹10.19 Cr ₹5.83 Cr ₹3.36 Cr -₹1.61 Cr ₹2.41 Cr
EBITDA (computed) ₹7.27 Cr ₹22.19 Cr ₹14.4 Cr ₹7.51 Cr ₹6.82 Cr ₹59.52 Lakh ₹6.93 Cr
Basic EPS ₹0.59 ₹4.24 ₹2.68 ₹1.53 ₹0.75 ₹-0.46 ₹0.67
Diluted EPS ₹0.59 ₹4.24 ₹2.68 ₹1.53 ₹0.75 ₹-0.46 ₹0.67
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹201.97 Cr ₹208.5 Cr ₹195.18 Cr ₹189.93 Cr
Non-current Assets ₹153.52 Cr ₹170.18 Cr ₹152.89 Cr ₹153.46 Cr
Current Assets ₹48.44 Cr ₹38.32 Cr ₹42.28 Cr ₹36.47 Cr
Property, Plant & Equipment ₹1.89 Cr ₹2.52 Cr ₹3.15 Cr ₹3.84 Cr
Inventories ₹3.65 Lakh ₹4.14 Lakh ₹5.07 Lakh ₹4.31 Lakh
Trade Receivables ₹0 ₹0 ₹0 ₹0
Cash & Equivalents ₹22.95 Lakh ₹46.71 Lakh ₹1.69 Cr ₹65.89 Lakh
Equity (Net Worth) ₹166.58 Cr ₹164.29 Cr ₹148.29 Cr ₹138.1 Cr
Equity Share Capital ₹18.83 Cr ₹18.83 Cr ₹18.83 Cr ₹18.83 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹0 ₹10.5 Cr ₹13 Cr ₹18.63 Cr
Total Debt (computed) ₹0 ₹10.5 Cr ₹13 Cr ₹18.63 Cr
Current Liabilities ₹14.32 Cr ₹23.17 Cr ₹25.86 Cr ₹30.77 Cr
Total Liabilities ₹35.39 Cr ₹44.22 Cr ₹46.89 Cr ₹51.84 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹11.45 Cr -₹23.68 Cr -₹4.87 Cr -₹2.45 Cr ₹31.78 Lakh
Investing Cash Flow ₹21.71 Cr ₹24.95 Cr ₹11.53 Cr ₹3.82 Cr -₹2.83 Cr
Financing Cash Flow -₹10.5 Cr -₹2.5 Cr -₹5.63 Cr -₹2.32 Cr -₹4.22 Cr
Capital Expenditure ₹33,000 ₹5.85 Lakh ₹2.2 Lakh ₹95,000 ₹1.92 Lakh
Free Cash Flow (computed) -₹11.45 Cr -₹23.74 Cr -₹4.89 Cr -₹2.46 Cr ₹29.86 Lakh
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹23.76 Lakh -₹1.23 Cr ₹1.03 Cr -₹94.8 Lakh -₹6.73 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1.67 Cr ₹3.46 Cr ₹7.97 Cr ₹5.77 Cr ₹2.37 Cr ₹1.84 Cr ₹8.92 Cr ₹5.45 Cr ₹2.38 Cr ₹1.37 Cr ₹10.29 Cr ₹5.36 Cr
Other Income ₹84.39 Lakh ₹1.08 Cr ₹1.07 Cr ₹11.49 Cr ₹98.61 Lakh ₹1.02 Cr ₹1.54 Cr ₹19.55 Cr ₹14.55 Cr ₹60.24 Lakh ₹54.9 Lakh ₹49.29 Lakh
Total Income ₹2.51 Cr ₹4.53 Cr ₹9.05 Cr ₹17.25 Cr ₹3.35 Cr ₹2.86 Cr ₹10.47 Cr ₹25 Cr ₹16.93 Cr ₹1.97 Cr ₹10.84 Cr ₹5.85 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹55,000 -₹30,000 -₹8,000 ₹1.42 Lakh ₹3.82 Lakh -₹1.71 Lakh -₹64,000 -₹54,000 ₹1.61 Lakh -₹1.05 Lakh -₹30,000 -₹1.02 Lakh
Employee Benefit Expense ₹58.82 Lakh ₹1.06 Cr ₹42.79 Lakh ₹55.04 Lakh ₹49.83 Lakh ₹47.68 Lakh ₹92.83 Lakh ₹42.93 Lakh ₹42.57 Lakh ₹41.17 Lakh ₹76.44 Lakh ₹40.81 Lakh
Finance Costs ₹5,000 ₹0 ₹0 ₹0 ₹1,000 ₹0 ₹4,000 ₹8,000 ₹10,000 ₹1,000 ₹1,000 ₹7,000
Depreciation & Amortisation ₹13.72 Lakh ₹16.35 Lakh ₹16.99 Lakh ₹16.81 Lakh ₹16.61 Lakh ₹16.96 Lakh ₹17.22 Lakh ₹17.65 Lakh ₹17.51 Lakh ₹17.92 Lakh ₹17.85 Lakh ₹17.68 Lakh
Other Expenses ₹6.43 Cr ₹3.91 Cr ₹5.87 Cr ₹7.23 Cr ₹2.39 Cr ₹2.59 Cr ₹7.21 Cr ₹4.96 Cr ₹3.07 Cr ₹2.37 Cr ₹8.39 Cr ₹5.37 Cr
Total Expenses ₹7.15 Cr ₹5.13 Cr ₹6.47 Cr ₹7.96 Cr ₹3.09 Cr ₹3.22 Cr ₹8.31 Cr ₹5.56 Cr ₹3.68 Cr ₹2.95 Cr ₹9.33 Cr ₹5.94 Cr
Profit Before Exceptional Items & Tax -₹4.64 Cr -₹59.68 Lakh ₹2.57 Cr ₹9.29 Cr ₹26.29 Lakh -₹36.02 Lakh ₹2.16 Cr ₹19.44 Cr ₹13.24 Cr -₹98.02 Lakh ₹1.51 Cr -₹8.82 Lakh
Exceptional Items ₹1.29 Cr -₹2.18 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹3.35 Cr -₹2.78 Cr ₹2.57 Cr ₹9.29 Cr ₹26.29 Lakh -₹36.02 Lakh ₹2.16 Cr ₹19.44 Cr ₹13.24 Cr -₹98.02 Lakh ₹1.51 Cr -₹8.82 Lakh
Total Tax Expense ₹28.95 Lakh -₹44.37 Lakh ₹78.7 Lakh ₹2.87 Cr ₹19.22 Lakh ₹25.81 Lakh ₹3.13 Cr ₹1.94 Cr ₹3.87 Cr -₹25.98 Lakh ₹4.63 Lakh -₹5.32 Lakh
Net Profit -₹3.64 Cr -₹2.33 Cr ₹1.79 Cr ₹6.42 Cr ₹7.07 Lakh -₹61.83 Lakh -₹97.07 Lakh ₹17.5 Cr ₹9.38 Cr -₹72.04 Lakh ₹1.47 Cr -₹3.5 Lakh
Other Comprehensive Income ₹2.49 Lakh ₹8.89 Lakh -₹5.68 Lakh ₹11,000 -₹11.93 Lakh ₹70,000 ₹10.14 Lakh ₹2.73 Lakh -₹1.4 Lakh ₹8.04 Lakh ₹1.1 Lakh ₹2.44 Lakh
Total Comprehensive Income -₹3.62 Cr -₹2.25 Cr ₹1.73 Cr ₹6.42 Cr -₹4.86 Lakh -₹61.13 Lakh -₹86.93 Lakh ₹17.53 Cr ₹9.36 Cr -₹64 Lakh ₹1.48 Cr -₹1.06 Lakh
EBITDA (computed) -₹4.5 Cr -₹43.33 Lakh ₹2.74 Cr ₹9.46 Cr ₹42.91 Lakh -₹19.06 Lakh ₹2.33 Cr ₹19.62 Cr ₹13.42 Cr -₹80.09 Lakh ₹1.69 Cr ₹8.93 Lakh
Basic EPS ₹-0.97 ₹-0.62 ₹0.47 ₹1.70 ₹0.02 ₹-0.16 ₹-0.26 ₹4.65 ₹2.49 ₹-0.19 ₹0.39 ₹-0.01
Diluted EPS ₹-0.97 ₹-0.62 ₹0.47 ₹1.70 ₹0.02 ₹-0.16 ₹-0.26 ₹4.65 ₹2.49 ₹-0.19 ₹0.39 ₹-0.01
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Windmills ₹2.51 Cr -₹41.17 Lakh ₹59.87 Cr ₹33.8 Cr
Infrastructure ₹0 -₹3.69 Cr ₹141.19 Cr ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Windmills ₹22.91 Cr ₹4.01 Cr - -
Infrastructure ₹10.43 Cr ₹3.68 Cr - -
Metrics FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹836.84 Cr ₹969.32 Cr ₹759.12 Cr ₹513.09 Cr ₹370.5 Cr ₹535.19 Cr
Other Income ₹24.86 Cr ₹19.22 Cr ₹16.78 Cr ₹21.12 Cr ₹23.36 Cr ₹29.41 Cr
Total Income ₹861.7 Cr ₹988.53 Cr ₹775.89 Cr ₹534.21 Cr ₹393.87 Cr ₹564.59 Cr
Cost of Materials Consumed ₹0 ₹0 ₹73.53 Lakh ₹0 ₹0 ₹1.17 Lakh
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹93,000 -₹76,000 -₹55,000 ₹3.26 Lakh ₹3.11 Lakh -₹2.7 Lakh
Employee Benefit Expense ₹75.97 Cr ₹69.19 Cr ₹58.95 Cr ₹52.94 Cr ₹53.73 Cr ₹57.11 Cr
Finance Costs ₹113.07 Cr ₹141.89 Cr ₹183.03 Cr ₹182.93 Cr ₹215.38 Cr ₹213.76 Cr
Depreciation & Amortisation ₹70.31 Cr ₹66.02 Cr ₹58 Cr ₹55.15 Cr ₹56.67 Cr ₹53.14 Cr
Other Expenses ₹141.49 Cr ₹319.5 Cr ₹201.28 Cr ₹140.07 Cr ₹88.11 Cr ₹181.39 Cr
Total Expenses ₹400.85 Cr ₹596.6 Cr ₹502 Cr ₹431.12 Cr ₹413.92 Cr ₹505.38 Cr
Profit Before Exceptional Items & Tax ₹460.85 Cr ₹391.94 Cr ₹273.9 Cr ₹103.08 Cr -₹20.05 Cr ₹59.21 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 -₹25.36 Cr
Profit Before Tax ₹460.85 Cr ₹391.94 Cr ₹273.9 Cr ₹103.08 Cr -₹20.05 Cr ₹33.85 Cr
Total Tax Expense ₹123 Cr ₹88.43 Cr ₹17.25 Cr ₹9.95 Cr ₹2.04 Cr ₹6.49 Cr
Net Profit ₹337.85 Cr ₹303.51 Cr ₹256.65 Cr ₹93.14 Cr -₹22.09 Cr ₹27.36 Cr
  attributable to Owners ₹146.5 Cr ₹147.36 Cr ₹124.41 Cr ₹50.83 Cr -₹2.47 Cr ₹19.73 Cr
  attributable to NCI ₹191.35 Cr ₹156.15 Cr ₹132.24 Cr ₹42.31 Cr -₹19.63 Cr ₹7.63 Cr
Other Comprehensive Income -₹74.94 Lakh -₹56.05 Lakh ₹22.13 Lakh ₹2.19 Cr ₹1.15 Cr -₹25.47 Lakh
Total Comprehensive Income ₹337.1 Cr ₹302.95 Cr ₹256.87 Cr ₹95.32 Cr -₹20.95 Cr ₹27.1 Cr
EBITDA (computed) ₹644.23 Cr ₹599.85 Cr ₹514.93 Cr ₹341.16 Cr ₹252 Cr ₹326.11 Cr
Basic EPS ₹38.89 ₹39.12 ₹33.03 ₹13.49 ₹-5.87 ₹7.26
Diluted EPS ₹38.89 ₹39.12 ₹33.03 ₹13.49 ₹-5.87 ₹7.26
Metrics FY 2025 FY 2024 FY 2023
Total Assets ₹2,428.88 Cr ₹2,427.35 Cr ₹2,236.88 Cr
Non-current Assets ₹1,802.66 Cr ₹1,879.98 Cr ₹1,734.04 Cr
Current Assets ₹626.22 Cr ₹547.37 Cr ₹502.84 Cr
Property, Plant & Equipment ₹26.86 Cr ₹23.87 Cr ₹18.28 Cr
Inventories ₹272.62 Cr ₹244.87 Cr ₹224.11 Cr
Trade Receivables ₹6.23 Cr ₹3.66 Cr ₹1.68 Cr
Cash & Equivalents ₹58.45 Cr ₹50.23 Cr ₹49.6 Cr
Equity (Net Worth) ₹955.78 Cr ₹626.91 Cr ₹330.06 Cr
Equity Share Capital ₹18.83 Cr ₹18.83 Cr ₹18.83 Cr
Borrowings (Non-current) ₹794.84 Cr ₹1,192.72 Cr ₹1,343.88 Cr
Borrowings (Current) ₹136.93 Cr ₹103.81 Cr ₹136.36 Cr
Total Debt (computed) ₹931.77 Cr ₹1,296.52 Cr ₹1,480.24 Cr
Current Liabilities ₹382.61 Cr ₹372.82 Cr ₹384.44 Cr
Total Liabilities ₹1,473.1 Cr ₹1,800.44 Cr ₹1,906.82 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹539.86 Cr ₹583.15 Cr ₹436.16 Cr ₹325.77 Cr
Investing Cash Flow -₹44.79 Cr -₹244.51 Cr -₹40.26 Cr -₹59.5 Cr
Financing Cash Flow -₹486.86 Cr -₹338.01 Cr -₹354.48 Cr -₹282.84 Cr
Capital Expenditure ₹32.77 Cr ₹243.14 Cr ₹112.82 Cr ₹79.42 Cr
Free Cash Flow (computed) ₹507.09 Cr ₹340.01 Cr ₹323.34 Cr ₹246.34 Cr
Dividends Paid ₹8.23 Cr ₹6.1 Cr ₹3.05 Cr ₹0
Net Change in Cash ₹8.21 Cr ₹63.16 Lakh ₹41.42 Cr -₹16.56 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24 Q4 FY23 Q3 FY23
Revenue from Operations ₹234.97 Cr ₹231.63 Cr ₹211.57 Cr ₹208.21 Cr ₹221.34 Cr ₹197.45 Cr ₹242.2 Cr ₹245.53 Cr ₹218.41 Cr ₹263.18 Cr ₹231.7 Cr ₹165.65 Cr
Other Income ₹8.63 Cr ₹6.91 Cr ₹6.23 Cr ₹6.53 Cr ₹6.47 Cr ₹5.35 Cr ₹4.61 Cr ₹5.14 Cr ₹5.23 Cr ₹4.24 Cr ₹4.74 Cr ₹12.31 Cr
Total Income ₹243.6 Cr ₹238.54 Cr ₹217.8 Cr ₹214.74 Cr ₹227.81 Cr ₹202.81 Cr ₹246.81 Cr ₹250.67 Cr ₹223.64 Cr ₹267.42 Cr ₹236.44 Cr ₹177.96 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹30,000 -₹9,000 ₹1.42 Lakh ₹3.82 Lakh -₹64,000 -₹54,000 ₹1.61 Lakh -₹1.05 Lakh -₹30,000 -₹1.02 Lakh ₹0 -₹7,000
Employee Benefit Expense ₹19.78 Cr ₹18.46 Cr ₹17.45 Cr ₹15.95 Cr ₹22.14 Cr ₹20.47 Cr ₹16 Cr ₹18.99 Cr ₹16.7 Cr ₹17.5 Cr ₹13.71 Cr ₹15.3 Cr
Finance Costs ₹18.71 Cr ₹19.58 Cr ₹21.7 Cr ₹23.67 Cr ₹30.11 Cr ₹31.6 Cr ₹32.48 Cr ₹35.21 Cr ₹36 Cr ₹38.2 Cr ₹50.66 Cr ₹44.57 Cr
Depreciation & Amortisation ₹17.65 Cr ₹17.6 Cr ₹17.36 Cr ₹16.66 Cr ₹18.15 Cr ₹17.87 Cr ₹17.53 Cr ₹17.45 Cr ₹16.39 Cr ₹14.65 Cr ₹14.63 Cr ₹14.75 Cr
Other Expenses ₹36.03 Cr ₹36.52 Cr ₹27.38 Cr ₹44.95 Cr ₹31.83 Cr ₹25.08 Cr ₹72.17 Cr ₹77.7 Cr ₹52.46 Cr ₹117.17 Cr ₹96.32 Cr ₹32.82 Cr
Total Expenses ₹92.17 Cr ₹92.16 Cr ₹83.92 Cr ₹101.26 Cr ₹102.23 Cr ₹95.01 Cr ₹138.2 Cr ₹149.35 Cr ₹121.55 Cr ₹187.51 Cr ₹175.32 Cr ₹107.44 Cr
Profit Before Exceptional Items & Tax ₹151.43 Cr ₹146.37 Cr ₹133.89 Cr ₹113.48 Cr ₹125.58 Cr ₹107.79 Cr ₹108.61 Cr ₹101.33 Cr ₹102.09 Cr ₹79.91 Cr ₹61.11 Cr ₹70.52 Cr
Exceptional Items -₹2.18 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹149.25 Cr ₹146.37 Cr ₹133.89 Cr ₹113.48 Cr ₹125.58 Cr ₹107.79 Cr ₹108.61 Cr ₹101.33 Cr ₹102.09 Cr ₹79.91 Cr ₹61.11 Cr ₹70.52 Cr
Total Tax Expense ₹46.49 Cr ₹47.95 Cr ₹37.3 Cr ₹29.93 Cr ₹34.57 Cr ₹28.42 Cr ₹28.82 Cr ₹25.29 Cr ₹14.99 Cr ₹19.33 Cr ₹7.68 Cr ₹3.91 Cr
Net Profit ₹102.76 Cr ₹98.42 Cr ₹96.59 Cr ₹83.54 Cr ₹91.01 Cr ₹79.37 Cr ₹79.79 Cr ₹76.04 Cr ₹87.11 Cr ₹60.58 Cr ₹53.43 Cr ₹66.61 Cr
  attributable to Owners ₹41.64 Cr ₹42.49 Cr ₹38.4 Cr ₹35.7 Cr ₹39.13 Cr ₹36.97 Cr ₹37.33 Cr - ₹42.45 Cr ₹30.25 Cr ₹28.01 Cr ₹32.02 Cr
  attributable to NCI ₹61.12 Cr ₹55.93 Cr ₹58.19 Cr ₹47.85 Cr ₹51.87 Cr ₹42.4 Cr ₹42.46 Cr - ₹44.66 Cr ₹30.33 Cr ₹25.43 Cr ₹34.6 Cr
Other Comprehensive Income ₹17.42 Lakh -₹5.68 Lakh ₹11,000 -₹88.51 Lakh ₹10.14 Lakh ₹2.73 Lakh -₹67.63 Lakh ₹8.04 Lakh ₹1.1 Lakh ₹2.44 Lakh ₹13.72 Lakh ₹6.47 Lakh
Total Comprehensive Income ₹102.93 Cr ₹98.37 Cr ₹96.59 Cr ₹82.66 Cr ₹91.11 Cr ₹79.4 Cr ₹79.11 Cr ₹76.12 Cr ₹87.12 Cr ₹60.6 Cr ₹53.57 Cr ₹66.68 Cr
EBITDA (computed) ₹187.79 Cr ₹183.55 Cr ₹172.95 Cr ₹153.81 Cr ₹173.84 Cr ₹157.26 Cr ₹158.62 Cr ₹153.99 Cr ₹154.48 Cr ₹132.76 Cr ₹126.4 Cr ₹129.84 Cr
Basic EPS ₹11.05 ₹11.28 ₹10.19 ₹9.48 ₹10.39 ₹9.82 ₹9.91 ₹9.91 ₹11.27 ₹8.03 ₹7.44 ₹8.50
Diluted EPS ₹11.05 ₹11.28 ₹10.19 ₹9.48 ₹10.39 ₹9.82 ₹9.91 ₹9.91 ₹11.27 ₹8.03 ₹7.44 ₹8.50
Latest 12 quarters shown of 23 on record.
Segment · Q3 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Windmill ₹4.54 Cr ₹45.42 Lakh ₹75.87 Cr ₹35.53 Cr
Infrastracture ₹239.06 Cr ₹169.91 Cr ₹2,541.97 Cr ₹537.84 Cr
Segment · FY 2025 (annual) Revenue Result (PBIT) Assets Liabilities
Wind Mills ₹22.41 Cr ₹3.2 Cr - -
Infrastructure ₹839.26 Cr ₹571.31 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Bf Utilities Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Bf Utilities Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 56.72%, foreign institutional investors hold 1.56%, domestic institutional investors hold 0.06%, retail and other public shareholders hold 41.65% of Bf Utilities Limited. The company had 47,824 shareholders on record.

Promoters: 56.72%DII (Domestic Institutional): 0.06%FII (Foreign Institutional): 1.56%Retail & Others: 41.65%
Mar 2026
QUARTER
56.72% Promoters
0.06% DII (Domestic Institutional)
1.56% FII (Foreign Institutional)
41.65% Retail & Others
Promoter holding - history
Now 56.72% · Mar 2026High 66.39% · Dec 2015Low 56.72% · Mar 2017
55%58.3%61.5%64.8%68%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 66.39%Mar 2016: 66.39%Jun 2016: 66.39%Sep 2016: 66.39%Dec 2016: 57.19%Mar 2017: 56.72%Jun 2017: 56.72%Sep 2017: 56.72%Dec 2017: 56.72%Mar 2018: 56.73%Jun 2018: 56.73%Sep 2018: 56.73%Dec 2018: 56.73%Mar 2019: 56.73%Jun 2019: 56.73%Sep 2019: 56.74%Dec 2019: 56.74%Mar 2020: 56.74%Jun 2020: 56.74%Sep 2020: 56.74%Dec 2020: 56.74%Mar 2021: 56.74%Jun 2021: 56.74%Sep 2021: 56.74%Dec 2021: 56.74%Mar 2022: 56.74%Jun 2022: 56.74%Sep 2022: 56.74%Dec 2022: 56.74%Mar 2023: 56.74%Jun 2023: 56.74%Sep 2023: 56.74%Dec 2023: 56.74%Mar 2024: 56.74%Jun 2024: 56.74%Sep 2024: 56.74%Dec 2024: 56.72%Mar 2025: 56.72%Jun 2025: 56.72%Sep 2025: 56.72%Dec 2025: 56.72%Mar 2026: 56.72%66.39%56.72%56.72%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters56.72%56.72%56.72%56.72%56.72%56.72%
Public43.28%43.28%43.28%43.28%43.28%43.28%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters56.72%56.72%56.74%56.74%56.74%56.74%56.74%56.73%56.73%56.72%66.39%
Public43.28%43.28%43.26%43.26%43.26%43.26%43.26%43.27%43.27%43.28%33.61%
Promoter change (YoY, %pts)+0.00-0.02+0.00+0.00+0.00+0.00+0.01+0.00+0.01-9.67-

Board & Governance of Bf Utilities Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Bf Utilities Limited has 6 directors - 3 independent and 1 executive. The board is chaired by AMIT BABASAHEB KALYANI.

DirectorPositionOn board sinceListed boards
AMIT BABASAHEB KALYANI Non-Executive - Non Independent Director · Chairperson 2005-08-01 6
SHRIKRISHNA KIRAN ADIVAREKAR Non-Executive - Independent Director 2018-05-30 4
BHALCHANDRA SHANKAR MITKARI Executive Director · CEO 2019-04-01 2
JAYANT KUMODCHANDRA HEMADE Non-Executive - Independent Director 2023-11-29 1
MADAN UMAKANT TAKALE Non-Executive - Non Independent Director 2025-05-29 3
MUGDHA RAJESH VARTAK Non-Executive - Independent Director 2026-03-17 2
Board Committees
CommitteeMembers
Audit Committee SHRIKRISHNA KIRAN ADIVAREKAR (Chairperson), AMIT BABASAHEB KALYANI, JAYANT KUMODCHANDRA HEMADE, MUGDHA RAJESH VARTAK
Nomination and remuneration committee SHRIKRISHNA KIRAN ADIVAREKAR (Chairperson), JAYANT KUMODCHANDRA HEMADE, MADAN UMAKANT TAKALE, MUGDHA RAJESH VARTAK
Stakeholders Relationship Committee JAYANT KUMODCHANDRA HEMADE (Chairperson), SHRIKRISHNA KIRAN ADIVAREKAR, MADAN UMAKANT TAKALE, MUGDHA RAJESH VARTAK
Risk Management Committee JAYANT KUMODCHANDRA HEMADE (Chairperson), AMIT BABASAHEB KALYANI, SHRIKRISHNA KIRAN ADIVAREKAR, MUGDHA RAJESH VARTAK
Corporate Social Responsibility Committee JAYANT KUMODCHANDRA HEMADE (Chairperson), AMIT BABASAHEB KALYANI, MADAN UMAKANT TAKALE

Group Structure of Bf Utilities Limited

Bf Utilities Limited has 4 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Bf Utilities Limited's business expansion strategy and organizational complexity.

4
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Bful Resources Private Limited U70101MH1998PTC114605 -
Nandi Infrastructure Corridor Enterprise Limited U85110KA1996PLC019619 -
Nandi Highway Developers Limited U85110KA1996PLC019621 -
Nandi Economic Corridor Enterprises Limited. U85110KA2000PLC026939 -

Showing major subsidiaries. Total: 4.

Charges & Borrowings of Bf Utilities Limited

Open charges
₹0
Satisfied charges
₹349.51 Cr
Breakdown by lending institutions
Others₹120.00 Cr
Axis Bank Limited₹120.00 Cr
Idbi Trusteeship Services Limited₹54.01 Cr
Development Credit Bank Limited₹45.50 Cr
Idbi Bank Limited₹10.00 Cr
Latest charge details
DateLenderAmountStatus
18 Jan 2019 Others ₹120 Cr Satisfied
22 Jul 2011 Axis Bank Limited ₹20 Cr Satisfied
08 Oct 2010 Axis Bank Limited ₹30 Cr Satisfied
25 Oct 2008 Axis Bank Limited ₹20 Cr Satisfied
18 Aug 2008 Axis Bank Limited ₹50 Cr Satisfied

Total charge records: 9 View all charges

Employees and EPFO Compliance at Bf Utilities Limited

Bf Utilities Limited has a workforce of 8 employees as of Apr 07, 2024.

Employee count
8
Active EPFO establishments
1
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Bf Utilities Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Bf Utilities Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Bf Utilities Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Bf Utilities Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Bf Utilities Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Bf Utilities Limited

MSME Payment Delays by Bf Utilities Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Bf Utilities Limited

Subsidiaries & Group Companies of Bf Utilities Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Bf Utilities Limited

MCA Filings & Documents of Bf Utilities Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Bf Utilities Limited

Directors
29 May 2025
Madan Umakant Takale was appointed as a Additional Director on 29 May 2025 & has been associated with this company since 1 year 1 month.
Directors
28 Apr 2025
Pragati Suresh Rai was appointed as a Company Secretary on 28 Apr 2025 & has been associated with this company since 1 year 2 months.
Activity
24 Dec 2024
Bf Utilities Limited last Annual general meeting of members was held on 24 Dec 2024 as per latest MCA records.
Activity
31 Mar 2024
Bf Utilities Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Directors
29 Nov 2023
Jayant Kumodchandra Hemade was appointed as a Director on 29 Nov 2023 & has been associated with this company since 2 years 7 months.
Charges
20 Jun 2022
A charge registered on 18 Jan 2019 via Charge ID 100231990 with Others was fully satisfied on 20 Jun 2022.

Recent News on Bf Utilities Limited

Frequently Asked Questions about Bf Utilities Limited

Bf Utilities Limited is an active public limited company in the environment sector based in Pune, Maharashtra, India. It was incorporated on 15 September 2000 (26+ years old) and is registered under CIN L40108PN2000PLC015323. Listed on BSE: 532430 and NSE: BFUTILITIE. The company has 8 employees.

Bf Utilities Limited reported revenue of ₹861.7 Cr for FY 2025 (down 13.00% YoY).

The current directors of Bf Utilities Limited are:

The primary industry of Bf Utilities Limited is environment. The company specifically operates in wind energy solutions. The company is currently active in this sector.

Yes. Bf Utilities Limited is listed on both BSE (code: 532430) and NSE (symbol: BFUTILITIE).

Bf Utilities Limited can be reached at the registered office: Mundhawapune Cantonment Pune, Maharashtra, India – 411036, or through the website bfutilities.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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