Bloom Industries has zero sales and a cancelled GST registration.
Its auditor found the company stopped filing tax returns last May and did not deposit any TDS for the year. Profit came entirely from other income.
— 2 earlier stories on Bloom Industries Ltd. →What's new
- Bloom Industries posted zero revenue from operations for the full year ended March 31, 2026.
- Its auditor reported the company's GST registration was cancelled on December 6, 2025, after no returns were filed since May 2025.
- No TDS was deposited or returns filed for the entire financial year.
Why this matters
A company with zero sales can still report a profit on paper from other income, but the auditor's findings reveal a deeper problem: Bloom stopped complying with basic tax obligations months ago. A cancelled GST registration means it cannot legally collect tax on any future sales, and the unfiled TDS returns expose it to penalties.
What we're watching
- Whether Bloom Industries has taken any steps to restore its GST registration.
- The scale of the unrecorded statutory liabilities the auditor alluded to.
- How the company plans to generate revenue.
The full read
Bloom Industries made ₹0 in sales this year. That is the headline, but the bigger problem is what its auditor, Tibrewal Chand & Co., found in the tax filings. The company's GST registration was cancelled on December 6, 2025, after no returns were filed since May 2025. No TDS was deposited or returns filed for the entire year. The auditor flagged the potential for material unrecorded statutory liabilities but did not modify its opinion on the accounts. Bloom still managed to report a full-year net profit of ₹115.32 lakhs, but only because of other income. Revenue fell 40% from the prior year to ₹1,412.23 lakhs. A company that cannot legally collect GST is not in a position to restart its operations, which makes the 'other income' profit line the only thing standing between it and a loss.
Questions answered
- How did Bloom Industries post a profit with no revenue?
- The company's net profit of ₹115.32 lakhs for the full year came entirely from 'other income', not from selling any goods or services. Its revenue from operations was ₹0.
- What did the auditor find about the company's tax compliance?
- The auditor, Tibrewal Chand & Co., found Bloom Industries' GST registration was cancelled on December 6, 2025, after no returns were filed since May 2025. It also found no TDS was deposited or returns filed for the entire financial year.
- Did the auditor change its opinion on the financial statements?
- No. The auditor did not modify its opinion, but it highlighted the potential for material financial exposure from unrecorded statutory liabilities related to these tax defaults.
- How does the full-year revenue compare to the prior year?
- Revenue fell 40% to ₹1,412.23 lakhs in FY26 from ₹2,356.26 lakhs in FY25. The reported FY26 figure implies the revenue came from other business activities, not core operations.
Story so far
All notes on BLOIN →- 26 May 2026 · 2:58 PM IST Bloom Industries has zero sales and a cancelled GST registration.
- 41d ago Bloom Industries is a public company with no revenue, no GST, and no tax deposits.
- 41d ago Bloom Industries' auditor flags cancelled GST, unpaid TDS for the year