BF Utilities surges by 8.53 per cent on Q4FY15 results

BF Utilities (BFUL) recently declared its Q4FY15 results. The company follows the October -September financial year. Its revenue increased by 3.13 per cent to Rs 9.89 crore in Q4FY15 as compared to same period in the previous fiscal year. BFUL's total expenditure reduced by 20.43 per cent to Rs 2.74 crore in Q4FY15 on yearly basis.

BFUL's EBITDA rose by 16.3 per cent to Rs 7.15 crore in Q4FY15 as compared to the same period in the previous fiscal year. The company's EBITDA margin expanded by 819 basis points to 72.32 per cent in Q4FY15 on yearly basis. The company witnessed exceptional gains from the sale of investments at Rs 4.04 crore in Q4FY15 against the previous zero in Q4FY14. Therefore, its PAT boosted by 90.05 per cent to Rs 8.12 crore in Q4FY15 on yearly basis.

Considering yearly basis, the consolidated topline of BFUL increased by 117.86 per cent to Rs 519 crore in FY15 as compared to the previous financial year. The company's total expenditure increased by 57.52 per cent to Rs 146 crore in FY15 on yearly basis. Its total expenditure increased mainly due to cost incurred for sale of land about Rs 48.17 crore during FY15.

BFUL's EBITDA boosted by 156.17 per cent to Rs 373 crore in FY15 as compared to the previous fiscal year. The company's EBITDA margin expanded considerably by 1075 basis points to 71.92 per cent in FY15 on yearly basis. Its interest expense reduced by 3.63 per cent to Rs 231 crore in FY15 as compared to the previous fiscal year. BFUL witnessed a turnaround in its bottom line and reported net profit of Rs 61 crore in FY15 against a net loss of Rs 52 crore in FY14.

BFUL's shareholding pattern indicated that FII holdings contracted by 5 basis points to 0.28 per cent and DII holdings contracted by 36 basis points to 0.31 per cent during the September 2015 quarter. The share price of the company increased by 8.53 per cent on bourses in early trades and is trading at Rs 616 on intraday basis.

BFUL, a part of the Kalyani Group, is in the business of integrated infrastructure development in India. The company is in the business of generation of power through non-conventional sources. As of March 16, 2015, the Company's Infrastructure business consisted of the operations of its subsidiaries, Nandi Infrastructure Corridor Enterprises Ltd. (NICE) and Nandi Highway Developers Ltd. (NHDL), and its wind energy project. The Company has wind-assisted power plants at Thoseghar in Satara District of Maharashtra in India.