Bhagwati Autocast Reports Strong FY26 Performance with Doubled Profit

Bhagwati Autocast's revenue from operations for the financial year ended March 31, 2026, stood at ₹171.25 crore.

Profit for the year was ₹13.01 crore, more than double the previous year's ₹6.16 crore.

Reader Takeaway: Robust profit growth and dividend declaration balanced by auditor's note on trade reconciliations.

What just happened

Bhagwati Autocast Limited announced its financial results for the fiscal year ended March 31, 2026. The company reported a significant increase in revenue from operations, reaching ₹171.25 crore (₹17,124.63 lakh), up from ₹139.94 crore (₹13,994.44 lakh) in FY 2024-25. Profit for the period more than doubled to ₹13.01 crore (₹1,300.98 lakh) from ₹6.16 crore (₹615.82 lakh) in the prior year. Basic Earnings Per Share (EPS) improved to ₹45.16 from ₹21.38.

The company also noted an additional provision of ₹0.39 crore due to the implementation of new Labour Codes. The Board recommended a final dividend of ₹3.50 per equity share.

Why this matters

The strong financial performance, particularly the doubling of profit and substantial revenue growth, is a positive indicator for shareholders. The recommended dividend offers a direct return on investment. Changes in auditor and the appointment of a new director signal corporate governance updates.

The backstory

In FY 2024-25, Bhagwati Autocast had reported revenue of ₹139.94 crore and a profit of ₹6.16 crore. The current fiscal year shows a marked acceleration in growth.

What changes now

Shareholders can look forward to a dividend payout, subject to approval. The company has also updated its statutory auditor and added a new director to its board.

Risks to watch

The Statutory Auditors' emphasis on pending confirmation, reconciliation, and consequential adjustments in respect of trade receivables, creditors, and advances is a key point for investors. Any significant adjustments could impact the book value of these assets and liabilities.

Auditor and Management Changes

M/s. TRS & Associates has been appointed as the new Statutory Auditor for a five-year term, succeeding M/s. Mahendra N. Shah & Co. Mr. Prakash Dalal has joined the board as an Additional Director (Non-Executive and Non-Independent).

Context metrics (time-bound)

• Revenue FY 2025-26: ₹171.25 crore (up from ₹139.94 crore in FY 2024-25)
• Profit FY 2025-26: ₹13.01 crore (up from ₹6.16 crore in FY 2024-25)
• Dividend Recommended: ₹3.50 per share for FY 2025-26

What to track next

Investors should closely monitor the progress on the reconciliation of trade receivables, creditors, and advances as highlighted by the auditors. Updates on the performance of new director Mr. Prakash Dalal and the effectiveness of the new auditor will also be important.