BHATIA
Bhatia Communications & Retail (India) financials
- Market cap
- ₹305 Cr
Quarterly results
Q1 FY27: revenue up 70.3%, net profit up 90.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 127 | 104 | 112 | 134 +25% | 175 +38% | 170 +64% | 190 +70% |
| EBITDA | 5 | 5 | 4 | 6 | 6 +4% | 7 +38% | 6 +53% | 10 +80% |
| Net profit | 4 | 4 | 3 | 4 | 4 +2% | 5 +37% | 5 +55% | 7 +91% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +21.3% 1Y
1Y: ₹27.21 on 10 Sept 2025 → ₹33. High ₹33 (11 Sept 2026), low ₹19.33 (27 Mar 2026).
Financials, as filed
Revenue grew 21.3% a year over 2 years, FY24 to FY26. Operating margin widened to 4.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹402 Cr | ₹443 Cr | ₹591 Cr |
| Operating profit | ₹5 Cr | ₹20 Cr | ₹25 Cr |
| Operating margin | 1.3% | 4.5% | 4.2% |
| Interest | ₹2 Cr | ₹2 Cr | ₹3 Cr |
| Depreciation | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Net profit | ₹12 Cr | ₹14 Cr | ₹17 Cr |
| Net margin | 2.9% | 3.1% | 2.8% |
| Cash from operations | ₹5 Cr | ₹5 Cr | ₹2 Cr |
| Free cash flow | ₹2 Cr | ₹1 Cr | ₹-18 Cr |
| ROCE | 21.0% | 22.0% | 21.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹14 Cr |
| Reserves | ₹29 Cr | ₹34 Cr | ₹42 Cr | ₹54 Cr | ₹92 Cr | ₹119 Cr |
| Borrowings | ₹11 Cr | ₹15 Cr | ₹19 Cr | ₹21 Cr | ₹35 Cr | ₹10 Cr |
| Other liabilities | ₹17 Cr | ₹21 Cr | ₹21 Cr | ₹30 Cr | ₹42 Cr | ₹56 Cr |
| Total liabilities | ₹69 Cr | ₹82 Cr | ₹95 Cr | ₹117 Cr | ₹182 Cr | ₹199 Cr |
| Fixed assets | ₹7 Cr | ₹8 Cr | ₹8 Cr | ₹10 Cr | ₹26 Cr | ₹29 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹19 Cr | ₹0 Cr |
| Other assets | ₹62 Cr | ₹75 Cr | ₹87 Cr | ₹107 Cr | ₹137 Cr | ₹169 Cr |
| Total assets | ₹69 Cr | ₹82 Cr | ₹95 Cr | ₹117 Cr | ₹182 Cr | ₹199 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +7.06 pp while promoters trimmed −4.43 pp. The shareholder count shrank 9% to 20,011.
- Promoters
- 69.5%
- FIIs
- 7.5%
- DIIs
- 0.5%
- Public
- 22.5%
Since Jun 2025
- FIIs +7.06 pp
- Promoters −4.43 pp
- Public −3.13 pp
How it drifted, 12 quarters
Over this window FIIs went from 0.0% to 7.5% — +7.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.7%, Public 26.4%.Dec '23: Promoters 73.7%, Public 26.4%.Mar '24: Promoters 73.8%, FIIs 0.1%, Public 26.1%.Jun '24: Promoters 73.8%, FIIs 0.1%, Public 26.1%.Sep '24: Promoters 73.9%, FIIs 0.1%, Public 26.0%.Dec '24: Promoters 73.9%, FIIs 0.1%, Public 26.1%.Mar '25: Promoters 73.9%, FIIs 0.1%, Public 26.0%.Jun '25: Promoters 73.9%, FIIs 0.5%, Public 25.6%.Sep '25: Promoters 74.1%, FIIs 0.5%, DIIs 0.2%, Public 25.3%.Dec '25: Promoters 71.2%, FIIs 4.3%, DIIs 0.3%, Public 24.1%.Mar '26: Promoters 71.2%, FIIs 4.3%, DIIs 0.5%, Public 24.0%.Jun '26: Promoters 69.5%, FIIs 7.5%, DIIs 0.5%, Public 22.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Forbes EMF FPI fund newly disclosed 3.55% held
- Garima Nikhil Bhatia +1.78 pp 1.78% held
- Hema Sanjeev Bhatia +1.71 pp 2.65% held
The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bhatia Communications & Retail (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Nikhil Kumar Bhatia | 32.33% | −2.61 pp |
| Sanjeev Harbanslal Bhatia | 32.33% | −2.61 pp |
| Ebisu Global Opportunities Fund Limited FPI fund | 3.55% | −0.29 pp |
| Forbes EMF FPI fund | 3.55% | newly disclosed |
| Hema Sanjeev Bhatia | 2.65% | +1.71 pp |
| Garima Nikhil Bhatia | 1.78% | +1.78 pp |
| Devidayal Jagannath Nandwani | 0.12% | unchanged |
| Santosh Parbhudayal Nandwani | 0.12% | unchanged |
| Shailja Devidayal Nandwani | 0.08% | unchanged |
| Ankita Prabhudayal Nandwani | 0.05% | unchanged |
| Jetr Bhatia | 0.00% | unchanged |
| Parishi Bhatia | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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