July 18, 2024

BSE Limited National Stock Exchange of India Limited

Corporate Relationship Department, Listing Department,
PhirozeJeejebhoy Towers, Exchange Plaza,
Dalal Street, BandraKurla Complex, Bandra (E),
Mumbai – 400 001. Mumbai – 400 051
SCRIP CODE: 503960 SCRIP CODE: BBL

Ref.: Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements)

Regulations, 2015 (‘Listing Regulations’)

Dear Sir / Madam,

Sub.: Statement of Unaudited Financial Results of the Company, for the Quarter Ended
June 30, 2024

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, enclosed please find herewith Statement of the Unaudited Financial Results of
the Company, for the Quarter ended June 30, 2024, approved and adopted by the Board of
Directors, at its Meeting held today, i.e., Thursday, July 18, 2024 and signed by the Managing
Director along with the copy of Limited Review Report issued by the Statutory Auditors of the
Company.

The above information will also be made available on the Company’s Website,
https://www.bharatbijlee.com/.

The Meeting of the Board of Directors commenced at 12.15 P.M. and concluded at 2.00 P.M.

You are requested to take the aforementioned information on your record.

Thanking You,

Yours sincerely,
For Bharat Bijlee Limited
DURGESH
Digitally signed by DURGESH NARANJAN
NAGARKAR
DN: c=IN, o=Personal,
pseudonym=AAE4958BD2B8DA4823D591034

NARANJAN
4E805F4,
2.5.4.20=506b2bfeecc30ba61bed663045474f4
73c7986079f39ab908f5fc0f92478d207,
postalCode=400601, st=Maharashtra,

NAGARKAR
serialNumber=D4CAA13E614906638DB87B1D
C302D255A0E95608A4945DA9FA20878B4D1E
727C, cn=DURGESH NARANJAN NAGARKAR
Date: 2024.07.18 14:21:27 +05'30'

Durgesh N. Nagarkar
Company Secretary & Senior General Manager,
Legal

Encl. a/a
 @Bharat Bijlee
Bharat Bijlee Limited
CIN NO. L31300MH1946PLC005017
Registered Office : Electric Mansion. 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025
Phone No. 022 46141414 Fax No. 022-24370624 email: [email protected] website: www.bharatbijlee.com

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2024
(f in crores)
Quarter Ended Year Ended
Particulars 30.06.2024 31.03.2024 30.06.2023 31.03.2024
(Unaudited) (Refer Note 4) (Unaudited) (Audited)

1 Income
a) Revenue from Operations 374.76 587.47 441.45 1,872.48
b) Other Income 9.60 12.07 9.67 38.25

Total Income 384.36 599.54 451.12 1,910.73

2 Expenses
a) Cost of materials consumed 308.09 340.07 305.12 1,288.50
b) Purchases of Stock-in-Trade 10.50 8.34 7.26 30.73
c) Change in inventories of finished goods, Stock-in-
(52.55) 82.46 25.27 57.60
Trade and work-in-progress
d) Employee benefits expense 46.76 49.89 38.73 178.28
e) Finance Costs 2.66 4.84 5.47 20.61
f) Depreciation and Amortisation expense 4.58 4.97 3.41 15.44
g) Other expenses 32.51 44.96 32.42 145.50

Total Expenses 352.55 535.53 417.68 1,736.66

3 Profit before Tax (1-2) 31.81 64.01 33.44 174.07

4 Tax Expense
Current Tax 7.74 15.57 7.96 42.44
Deferred Tax Charge I (Credit) 0.14 (0.06) 0.15 0.16
(Excess)/ Short provision for tax for earlier years (0.03) 0.03
Total Tax Expense 7.88 15.48 8.11 42.63

5 Profit for the period (3-4) 23.93 48.53 25.33 131.44

6 Other Comprehensive Income

Items that will not be reclassified to profit or loss
i) Remeasurement of Defined Benefit Plan (1.89) (1.89)
ii) Fair Value of Equity Instruments through Other
519.79 267.57 107.45 431.87
Comprehensive Income
Income tax relating to above items
i) Remeasurement of Defined Benefit Plan 0.48 0.48
ii) Fair Value of Equity Instruments through Other
(60.55) (31.17) (12.48) (51.86)
Comprehensive Income
Total Other Comprehensive Income 459.24 234.99 94.97 378.60

7 Total Comprehensive Income for the period (5+6) 483.17 283.52 120.30 510.04

8 Paid-up Equity Share Capital 565.00 565.00 565.00 565.00

(Face value of f 5/- per share)

9 Other Equity 1,859.48

10 Earnings per equity share (Face value of f 5/- per share)

(Basic & Diluted)(f)(Refer Note 3) 21.17 42.94 22.41 116.29
(not annualised except for Year ended March)
 (®Bharat Bijlee
Bharat Bijlee Limited
CIN NO. L31300MH1946PLC005017
Registered Office : Electric Mansion, 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025
Phone No. 022 46141414 Fax No. 022-24370624 email: [email protected] website: www.bharatbijlee.com

SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER ENDED 30TH JUNE, 2024
(� in crores)
Quarter Ended Year Ended
Particulars 30.06.2024 31.03.2024 30.06.2023 31.03.2024
(Unaudited) (Refer Note 4) (Unaudited) (Audited)
1 Segment Revenue
Revenue from Operations
a) Power Systems 183.54 375.84 229.59 1,053.51
b) Industrial Systems 191.22 211.63 211.86 818.97
Net Sales / Income from operations 374.76 587.47 441.45 1,872.48

2 Segment Results
Profit before Finance Costs and Tax
a) Power Systems 27.15 69.93 19.73 156.99
b) Industrial Systems 18.04 13.82 27.39 83.57
Total 45.19 83.75 47.12 240.56
Less:
i. Finance Costs 2.49 4.65 5.31 19.94
ii. Unallocable Expenses net of un-allocable income 10.89 15.09 8.37 46.55
Profit before Tax 31.81 64.01 33.44 174.07

3 Segment Assets
a) Power Systems 410.41 413.83 490.70 413.83
b) Industrial Systems 350.91 352.01 341.72 352.01
c) Unallocable Assets 2,271.71 1,739.09 1,360.13 1,739.09
Total Assets 3,033.03 2,504.93 2,192.55 2,504.93

4 Segment Liabilities
a) Power Systems 261.53 247.34 216.54 247.34
b) Industrial Systems 107.08 90.36 114.06 90.36
c) Unallocable Liabilities 316.12 302.10 363.95 302.10
Total Liabilities 684.73 639.80 694.55 639.80

Segments are identified as under:

Power Systems= Transformers, Turnkey Projects for electrical sub stations and Maintenance Products
Industrial Systems= Electric Motors, Drives & Automation systems and Magnet Technology Machines
 @) Bharat Bijlee
Bharat Bijlee Limited
CIN NO. L31300MH1946PLC005017
Registered Office ; Electric Mansion, 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025
Phone No. 022 46141414 Fax No. 022-24370624 email: [email protected] website: www.bharatbijlee.com

The financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting
held on 18th July, 2024. The Statutory Auditors have carried out Limited Review of the above financial results for the
quarter ended 30th June, 2024.

2 The above financial results have been prepared in accordance with the Indian Accounting Standard (Ind AS) notified
under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.

3 During the quarter, the equity shares of the Company were split / sub-divided such that one (1) equity share having face
value off 10/- (Rupees Ten only) each, fully paid-up, was sub-divided into two (2) equity shares having face value off
5/- (Rupees Five only) each, full paid-up, with effect from 24th April, 2024 (Record Date). The Earnings Per Share (EPS)
numbers of the current quarter and all comparative periods presented above have been restated to give effect of the
share split.
4 The figures for the quarter ended 31st March, 2024 are balancing figures between the audited figures in respect of the
full financial year and the unaudited published figures upto the third quarter of the financial year ended 31st March, 2024
which were subjected to Limited Review by Statutory Auditors.

Place: Mumbai i • J. Danani

Date: 18th July, 2024 Vice Chairman & Managing Director
Deloitte
Chartered Accountants
Lotus Corporate Park
1st Floor, Wing A-G

Haskins & Sells LLP CTS No. 185/A, Jay Coach

Off Western Express Highway
Goregaon (East)
Mumbai-400 063
Maharashtra, India

Tel: +91 22 624S 1000

Fax: +91 22 6245 1001

INDEPENDENT AUDITOR'S REVIEW

REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF

BHARAT BIJLEE LIMITED

1. We have reviewed the accompanying Statement of Unaudited Financial Results

of BHARAT BIJLEE LIMITED ("the Company"), for the quarter ended June 30,
2024 ("the Statement"), being submitted by the Company pursuant to the
requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended ("the Listing Regulations").

2. This Statement, which is the responsibility of the Company's Management and

approved by the Company's Board of Directors, has been prepared in
accordance with the recognition and measurement principles laid down in the
Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"),
prescribed under Section 133 of the Companies Act, 2013 read with relevant
rules issued thereunder and other accounting principles generally accepted in
India and in compliance with Regulation 33 of the Listing Regulations. Our
responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on

Review Engagements (SRE) 2410 'Review of Interim Financial Information
Performed by the Independent Auditor of the Entity', issued by the Institute of
Chartered Accountants of India (!CAI). A review of interim financial information
consists of making inquiries, primarily of the Company's personnel responsible
for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in
accordance with Standards on Auditing specified under section 143(10) of the
Companies Act, 2013 and consequently does not enable us to obtain assurance
that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.

4. The statement includes the results for the quarter ended March 31, 2024 being
the balancing amount between the audited amounts in respect of full financial
year and the published year to date amounts up to the third quarter of the
financial year ended March 31, 2024 which were subjected to limited review.
Our conclusion on the statement is not modified in respect of this matter.

Regd. Office: One International Center, Tower 3, 32nd floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India.
Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
Deloitte
Haskins & Sells LLP
5. Based on our review conducted as stated in paragraph 3 above, nothing has
come to our attention that causes us to believe that the accompanying
Statement, prepared in accordance with the recognition a·nd measurement
principles laid down in the aforesaid Indian Accounting Standard and other
accounting principles generally accepted in India, has not disclosed the
information required to be disclosed in terms of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended, including the manner in which it is to be disclosed, or that it contains
any material misstatement.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants
(Firm's Registration No. 117366W/W-100018)

�
✓
�✓
Pallavi Sharma
Partner
Membership No. 113861
UDIN: 2't\13i6113KBf'C..l'(�citG.t.i
Mumbai, July 18, 2024