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BSE Financial Services Results: Latest Quarterly Results & Analysis

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Pilani Investment and Industries Corporation Ltd. 29 May 2026 18:20 PM

Q4FY26 & FY26 Result Announced for Pilani Investment and Industries Corporation Ltd.

Holding Companies company Pilani Investment and Industries Corporation announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

  • Total Income: Rs 4,922.22 lakh in Q4FY26, compared to Rs 5,986.90 lakh in Q3FY26 (down 17.78% QoQ) and Rs 5,923.25 lakh in Q4FY25 (down 16.90% YoY).
  • Total Revenue from Operations: Rs 4,410.27 lakh in Q4FY26, as against Rs 5,960.32 lakh in Q3FY26 (down 26.01% QoQ) and Rs 5,662.76 lakh in Q4FY25 (down 22.12% YoY).
  • Profit before Tax: Rs 215.14 lakh in Q4FY26, compared to Rs 1,329.73 lakh in Q3FY26 (down 83.82% QoQ) and Rs 2,436.44 lakh in Q4FY25 (down 91.17% YoY).
  • Net Profit for the Period: The company reported a net profit of Rs 475.32 lakh in Q4FY26, representing a turnaround compared to a loss of Rs 1,439.24 lakh in Q3FY26 and a loss of Rs 2,508.92 lakh in Q4FY25.

FY26 Consolidated Financial Highlights:

  • Total Income: Rs 28,825.37 lakh for FY26, compared to Rs 30,707.38 lakh in FY25 (down 6.13% YoY).
  • Total Revenue from Operations: Rs 28,286.84 lakh for FY26, compared to Rs 30,214.12 lakh in FY25 (down 6.38% YoY).
  • Net Profit for the Year: Rs 3,105.55 lakh for FY26, compared to Rs 9,848.28 lakh in FY25 (down 68.47% YoY).

Q4FY26 Standalone Financial Highlights:

  • Total Income: Rs 4,849.15 lakh in Q4FY26, compared to Rs 5,905.12 lakh in Q3FY26 (down 17.88% QoQ) and Rs 5,764.11 lakh in Q4FY25 (down 15.87% YoY).
  • Total Revenue from Operations: Rs 4,337.24 lakh in Q4FY26, as against Rs 5,878.54 lakh in Q3FY26 (down 26.22% QoQ) and Rs 5,503.62 lakh in Q4FY25 (down 21.19% YoY).
  • Net Profit for the Period: Rs 81.20 lakh in Q4FY26, compared to Rs 971.43 lakh in Q3FY26 (down 91.64% QoQ) and Rs 1,787.15 lakh in Q4FY25 (down 95.46% YoY).

FY26 Standalone Financial Highlights:

  • Total Income: Rs 29,348.59 lakh for FY26, compared to Rs 32,320.04 lakh in FY25 (down 9.19% YoY).
  • Total Revenue from Operations: Rs 28,810.10 lakh for FY26, compared to Rs 31,826.80 lakh in FY25 (down 9.48% YoY).
  • Net Profit for the Year: Rs 7,185.76 lakh for FY26, compared to Rs 16,940.61 lakh in FY25 (down 57.58% YoY).

Business Highlights:

  • Segment Performance: The main business of the company is investment and financing activities in India, and accordingly, there are no separate reportable segments as per Ind AS 108 "Operating Segments".
  • Adjournment of Dividend: The decision on the dividend to be proposed by the Board of Directors for the financial year ended March 31, 2026, was adjourned to June 4, 2026.
  • Issuance of Non-Convertible Debentures (NCDs): During the quarter ended March 2026, the company issued 50,000 8.11% fully paid, unsecured, listed, rated, redeemable, non-cumulative, rupee-denominated NCDs amounting to Rs 500 crore, maturing on April 24, 2029.
  • Appointment of Director: Shri Arun Laddha (DIN: 00079406) was appointed as an Additional Director in the category of Non-Executive Independent Director for a term of five consecutive years commencing from May 28, 2026.
  • Subsidiary Utilisation of Proceeds: The total proceeds of Rs 500 crore from the private placement of NCDs remain unutilised as of March 31, 2026, and are currently held in escrow/public issue accounts.

Result PDF

Internet Software & Services company AvenuesAI announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Gross Revenue: Gross revenue for FY26 surged 103% YoY to Rs 81,158.5 million compared to Rs 39,925.8 million in FY25. For Q4FY26, revenue reached Rs 24,895.4 million, showing a YoY growth of 114.52% and a QoQ growth of 4.55% from Rs 23,811.9 million.
  • Payments TPV (Total Payment Volume): TPV for FY26 reached 5,038 billion, representing a 55% YoY increase from 3,240 billion. Q4FY26 TPV stood at 1,655 billion, marking a 101% YoY growth.
  • Adjusted EBITDA: Adjusted EBITDA for FY26 grew by 24% YoY to Rs 3,873 million. For Q4FY26, it reached Rs 994 million, representing a YoY growth of 28% and a QoQ increase of 10.32% from Rs 901.1 million.
  • Adjusted Profit After Tax (PAT): Adjusted PAT for FY26 increased by 58% YoY to Rs 3,320 million. Q4FY26 Adj. PAT was Rs 955 million, a significant YoY growth of 90% and a QoQ growth of 7.42% from Rs 889.1 million.
  • Net Profit (Attributable to Owners): Consolidated net profit for FY26 was Rs 2,790.4 million, up 23.78% from Rs 2,254.4 million in FY25. For Q4FY26, net profit was Rs 793.8 million, up 61.67% YoY and 10.43% QoQ from Rs 718.8 million.

Standalone Financial Highlights:

  • Revenue from Operations: Revenue for Q4FY26 stood at Rs 23,390.9 million, representing a YoY growth of 123.37% from Rs 10,471.7 million and a QoQ growth of 4.06% from Rs 22,478.6 million. For the full year FY26, revenue increased by 113.87% to Rs 75,846.8 million compared to Rs 35,463.5 million in FY25.
  • Total Income: Total income for Q4FY26 was Rs 23,534.6 million, an increase of 122.46% YoY and 4.24% QoQ. For the full year FY26, total income stood at Rs 76,271.9 million compared to Rs 35,924.5 million in FY25.
  • Profit Before Tax (Continuing Operations): PBT for Q4FY26 reached Rs 332.0 million, up 7.93% YoY but a 4.05% decrease QoQ from Rs 345.5 million. FY26 PBT grew by 8.79% to Rs 1,243.1 million.
  • Net Profit: For the full year FY26, net profit was Rs 1,534.7 million. For Q4FY26, the company reported a net profit of Rs 265.2 million, showing a QoQ growth of 7.94% from Rs 245.7 million.
  • Earnings Per Share (EPS): Basic and diluted EPS for the full year FY26 was Rs 0.49. For Q4FY26, basic and diluted EPS stood at Rs 0.08.

Business Highlights:

  • Segment Wise Performance (FY26):
    • Payment Business: Recorded a revenue of Rs 78,883.9 million compared to Rs 37,866.4 million in FY25. Segment results (profit) grew to Rs 2,029.7 million from Rs 1,446.2 million.
    • E-commerce Platform Business: Revenue stood at Rs 2,274.6 million compared to Rs 2,059.4 million in FY25. Segment profit increased to Rs 1,241.0 million from Rs 1,065.1 million.
  • Corporate Rebranding: The company successfully completed its rebranding from Infibeam Avenues Limited to AvenuesAI Limited, aligning with its evolution into an AI-native transaction infrastructure platform.
  • Strategic Investments and Acquisitions:
    • Online PSB Loans Limited (OPL): Approved the acquisition of a stake not exceeding 7.00% in OPL, a digital credit infrastructure company, for a total consideration not exceeding Rs 65.00 crore.
    • Ratnaafin Capital Private Limited: Approved an investment of not exceeding 2.50% stake in Ratnaafin (NBFC) for an amount not exceeding Rs 66.00 crore to strengthen lending distribution and credit intelligence.
    • Nueromind Technologies Private Limited: Approved the acquisition of the remaining 9.90% stake in the subsidiary to make it a wholly owned subsidiary for a cost not exceeding Rs 1.25 crore.
  • Capital Raising: Successfully concluded a Rs 700 crore Rights Issue, which was oversubscribed 1.4x.
  • Regulatory Approvals: Received in-principle authorization from the RBI for Prepaid Payment Instruments (PPI) and secured the RBI’s Offline Payment Aggregator License. Additionally, received GIFT-IFSC approval to operate as a Payment Service Provider.
  • Confidential IPO Filing: Subsidiary Rediff.com India Limited filed a Pre-Filed Draft Red Herring Prospectus with SEBI for its proposed Initial Public Offering (IPO).
  • Product Launches: Phronetic.AI (subsidiary) launched PayCentral.ai, India's first agentic payment platform. The company also launched CCAvenue CommerceAI powered by proprietary Model Context Protocol (MCP).

Vishal Mehta, Chairman & Managing Director, AvenuesAI: “This landmark year validates our evolution. FY26 was not simply about financial growth. It was about the convergence of multiple strategic building blocks that we have been assembling over the last several years: payments infrastructure, merchant ecosystems, consumer platforms, AI capabilities, regulatory infrastructure and international expansion. What we are building today is fundamentally different from a traditional payment gateway business. AvenuesAI is evolving into an AI-first financial infrastructure and transaction intelligence platform. Historically, fintech businesses were largely valued on transaction processing scale. We believe the next decade of value creation will increasingly come from ownership of transaction intelligence, merchant workflows, AI-led automation, embedded finance and intelligent financial ecosystems sitting on top of transaction infrastructure.”

Vishwas Patel, Managing Director & CEO, AvenuesAI: “We see payments evolving from being a transaction utility into a much larger merchant operating ecosystem powered by AI. Today, merchants are not only looking for payment acceptance. They are looking for customer acquisition, engagement, financing, automation, analytics and intelligent business tools integrated into a single digital ecosystem. This is where we believe the future opportunity lies and Artificial Intelligence will play a foundational role in this transformation.”

Result PDF

Financial Services company Algoquant Fintech announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Revenue from Operations for Q4FY26 stood at Rs 7,727.63 lakh, representing a significant growth of 47.47% QoQ from Rs 5,240.22 lakh in Q3FY26 and an increase of 43.06% YoY compared to Rs 5,401.76 lakh in Q4FY25.
  • Total Income for Q4FY26 reached Rs 7,728.47 lakh, an increase of 47.42% QoQ from Rs 5,242.42 lakh in Q3FY26 and 43.07% YoY from Rs 5,401.76 lakh in Q4FY25. For the full year FY26, Total Income was Rs 23,550.14 lakh, showing a marginal increase of 0.32% over Rs 23,474.30 lakh in FY25.
  • Net Profit for Q4FY26 was Rs 1,679.93 lakh, showing a massive jump of 186.10% QoQ compared to Rs 587.18 lakh in Q3FY26 and a growth of 2,632.93% YoY from Rs 61.47 lakh in Q4FY25.
  • Annual Net Profit for FY26 stood at Rs 3,339.99 lakh, representing an increase of 4.72% compared to Rs 3,189.44 lakh in FY25.
  • Basic and Diluted Earnings Per Share (EPS) for Q4FY26 was Rs 0.60, up from Rs 0.21 in Q3FY26 and Rs 0.02 in Q4FY25. The annual EPS for FY26 was Rs 1.19 compared to Rs 1.13 in FY25.

Standalone Financial Highlights:

  • Total Revenue from Operations for Q4FY26 was Rs 7,727.63 lakh, rising 47.47% QoQ from Rs 5,240.22 lakh in Q3FY26 and 43.35% YoY from Rs 5,410.76 lakh in Q4FY25. Annual revenue for FY26 stood at Rs 23,545.98 lakh, up 0.39% from Rs 23,470.18 lakh in FY25.
  • Total Income for Q4FY26 stood at Rs 7,728.46 lakh, an increase of 47.42% QoQ from Rs 5,242.52 lakh and 43.37% YoY from Rs 5,401.76 lakh. The full-year Total Income for FY26 was Rs 23,550.14 lakh.
  • Net Profit for Q4FY26 reached Rs 1,587.63 lakh, reflecting an increase of 164.95% QoQ from Rs 599.22 lakh in Q3FY26 and a substantial growth of 1,395.37% YoY from Rs 106.17 lakh in Q4FY25.
  • Annual Net Profit for FY26 was Rs 3,274.40 lakh, a slight increase of 0.51% compared to Rs 3,257.93 lakh in FY25.
  • Total Comprehensive Income for FY26 was Rs 3,281.13 lakh, compared to Rs 3,270.77 lakh in FY25.

Business Highlights:

  • Segment Performance: The Group is engaged in the business of trading in financial instruments and Stock-broking, which is its only operating segment.
  • Scheme of Arrangement: The Composite Scheme of Arrangement involved the amalgamation of Algoquant Investments Private Limited and the Stock Broking Business (demerged undertaking) of Growth Securities Private Limited into Algoquant Fintech Limited with an appointed date of April 01, 2023.
  • Authorised Share Capital: During the year, the Authorised Share Capital was increased from Rs 350.00 lakh to Rs 3,000.00 lakh. It now comprises 14,90,00,000 equity shares of Rs 2 each and 20,000 Redeemable Cumulative Preference Shares of Rs 100 each.
  • Share Split and Bonus Issue:
    • The Board approved a sub-division of equity shares from a face value of Rs 2 each to Rs 1 each.
    • The Company issued bonus shares in the proportion of 8:1 (Eight bonus equity shares for every 1 existing share), resulting in the allotment of 24,98,63,136 fully paid-up bonus equity shares.
  • Investment Impairment: The Company recognized an impairment loss of Rs 100.00 lakh in respect of its investment in its wholly owned subsidiary, Growth Global Securities (IFSC) Private Limited, following the surrender of its memberships with NSE IFSC Limited.
  • Labour Code Impact: The Company recognized the impact of changes in the Code on Wages, 2019, and other Labour Codes as a past service cost for gratuity provision, which is included under employee benefit expenses for FY26.
  • Internal Audit: The Board approved the appointment of M/s. VBRG & Associates, Chartered Accountant, as the Internal Auditor of the Company for FY27.

Result PDF

Holding company BF Investment announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income: For Q4FY26, the Consolidated Total Income was Rs 374.91 million, an increase from Rs 101.12 million in Q3FY26 (QoQ) and Rs 264.67 million in Q4FY25 (YoY). For the full year FY26, it reached Rs 778.84 million compared to Rs 627.45 million in FY25.
  • Profit After Tax: The Group reported a Profit After Tax of Rs 1,142.35 million for Q4FY26, up from Rs 893.84 million in Q3FY26 (QoQ) and compared to a loss of Rs 33.27 million in Q4FY25 (YoY). For the full year FY26, the profit after tax was Rs 2,820.10 million compared to Rs 2,222.91 million in FY25.
  • Share of Profit from Associates: The share of net profit of Associates accounted for using the equity method was Rs 3,102.07 million for FY26, an increase from Rs 2,472.06 million in FY25.
  • Earnings Per Share (EPS): Consolidated Basic and Diluted EPS for FY26 was Rs 74.87, compared to Rs 59.01 in FY25.
  • Total Comprehensive Income: For the full year FY26, Consolidated Total Comprehensive Income was Rs 16,387.56 million compared to Rs 6,986.03 million in FY25.

Standalone Financial Highlights:

  • Total Income: For Q4FY26, the company reported a Total Income of Rs 1,226.41 million, reflecting a significant increase compared to Rs 101.12 million in Q3FY26 (QoQ) and Rs 452.27 million in Q4FY25 (YoY). For the full year FY26, the Total Income stood at Rs 2,074.23 million compared to Rs 1,367.32 million in FY25.
  • Revenue from Operations: For the full year FY26, Revenue from Operations was Rs 2,058.67 million, comprising Interest income of Rs 316.23 million, Dividend income of Rs 1,699.05 million, and Net gain on fair value changes of Rs 43.39 million. This is an increase from Rs 1,360.17 million in FY25.
  • Profit After Tax: The company achieved a Profit After Tax of Rs 873.74 million in Q4FY26, up from Rs 62.76 million in Q3FY26 (QoQ) and Rs 308.72 million in Q4FY25 (YoY). For the full year FY26, the profit after tax reached Rs 1,465.44 million compared to Rs 924.79 million in FY25.
  • Earnings Per Share (EPS): Basic and Diluted EPS for FY26 stood at Rs 38.90, up from Rs 24.55 in FY25.
  • Total Comprehensive Income: For the full year FY26, Total Comprehensive Income was Rs 7,216.48 million, primarily driven by a Rs 6,753.42 million change in the fair value of investments.

Business Highlights:

  • Dividend: The Board of Directors has recommended a Final Dividend of Rs 10/- per Equity Share of Rs 5/- each (i.e. 200%) for the Financial Year 2025-26, subject to approval by members at the ensuing Annual General Meeting.
  • Board Re-appointment: The Board approved the re-appointment of Mr. Amit Kalyani as a Non-Executive, Non-Independent Director of the Company.
  • Segment Information: The Company’s business activity falls within a single business segment, which is making investments in group companies, focusing on earning income through dividends, interest, and gains on investment held.
  • Impact of New Labour Codes: The company disclosed an incremental impact of Rs 0.08 million on gratuity and Rs 0.05 million on long-term compensated absences under exceptional items. Additionally, an estimated impact of Rs 85.33 million for associate and joint venture companies due to the change in definition of wages is included in the share of profit of associates for FY26.
  • Auditor Opinion: Statutory Auditors, P G BHAGWAT LLP, have issued an Audit Report with an unmodified opinion for both the Standalone and Consolidated financial results for the year ended March 31, 2026.

Result PDF

Investment company Kalyani Investment Company announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income: Consolidated Total Income for Q4FY26 was Rs 218.02 million, reflecting an increase from Rs 65.43 million in Q3FY26 (QoQ) and an increase from Rs 214.36 million in Q4FY25 (YoY). For FY26, the total income was Rs 780.54 million compared to Rs 782.20 million in FY25.
  • Profit Before Tax: The consolidated Profit Before Tax for Q4FY26 was Rs 235.03 million, up from Rs 23.39 million in Q3FY26 (QoQ) but down from Rs 347.65 million in Q4FY25 (YoY). For FY26, it stood at Rs 488.72 million against Rs 974.96 million in FY25.
  • Profit After Tax: The consolidated Profit After Tax reached Rs 193.07 million in Q4FY26, an increase from Rs 17.12 million in Q3FY26 (QoQ) and a decrease from Rs 256.75 million in Q4FY25 (YoY). For the full year FY26, it was Rs 367.69 million compared to Rs 715.44 million in FY25.
  • Total Comprehensive Income: For Q4FY26, the consolidated Total Comprehensive Income was Rs 10,699.58 million. For FY26, it reached Rs 26,754.75 million compared to Rs 4,113.70 million in FY25.
  • Earnings Per Share (EPS): The consolidated basic and diluted EPS for Q4FY26 was Rs 44.23. For the full year FY26, it stood at Rs 84.23.

Standalone Financial Highlights:

  • Total Income: The company reported a Total Income of Rs 225.75 million in Q4FY26, representing a significant increase from Rs 65.43 million in Q3FY26 (QoQ) but a decrease compared to Rs 237.56 million in Q4FY25 (YoY). For the full year FY26, the Total Income stood at Rs 819.20 million compared to Rs 828.60 million in FY25.
  • Revenue from Operations: In Q4FY26, Revenue from Operations was primarily driven by Dividend income of Rs 166.86 million and Interest on fixed deposits of Rs 50.76 million.
  • Profit Before Tax: The Profit Before Tax for Q4FY26 was Rs 197.65 million, an increase from Rs 41.90 million in Q3FY26 (QoQ) and a decrease from Rs 213.42 million in Q4FY25 (YoY). For FY26, it was Rs 680.46 million against Rs 736.61 million in FY25.
  • Profit After Tax: The company earned a Profit After Tax of Rs 149.53 million in Q4FY26, up from Rs 30.98 million in Q3FY26 (QoQ) and down from Rs 156.31 million in Q4FY25 (YoY). For the full year FY26, the net profit was Rs 511.17 million compared to Rs 537.08 million in FY25.
  • Total Comprehensive Income: Total Comprehensive Income for Q4FY26 stood at Rs 10,659.79 million, largely influenced by changes in the fair value of FVTOCI equity investments. For FY26, it was Rs 26,903.86 million compared to Rs 3,938.63 million in FY25.
  • Earnings Per Share (EPS): The basic and diluted EPS for Q4FY26 was Rs 34.24, compared to Rs 7.09 in Q3FY26 and Rs 35.80 in Q4FY25. For FY26, the EPS was Rs 117.10.

Business Highlights:

  • Dividend Recommendation: The Board of Directors has recommended a dividend of Rs 10 per equity share of Rs 10 each (100%) for the financial year 2025-26, subject to member approval at the ensuing Annual General Meeting.
  • Segment Performance: The company operates in a single business segment, which is making investments in group companies. Therefore, segment reporting as per Ind AS 108 is not applicable.
  • Investment Activity: The main source of income for the company remains dividend income from investments held in group companies.
  • Associate Company Matters: The company's associate, Hikal Limited (in which it holds a 31.36% stake), is involved in ongoing investigations by statutory authorities regarding alleged environmental non-compliance. A provision of Rs 10 million was created in an earlier year, and the matter is currently pending before the Supreme Court of India.
  • Impairment Charge: An impairment charge of Rs 147.71 million was recorded by the associate company (Hikal Limited) for the year ended March 31, 2026, due to the repurposing of a manufacturing plant. This impact is reflected in the 'Share in profit of associate' in the consolidated results.
  • Labour Codes Impact: The company and its associate are assessing the incremental financial impact of the four new Labour Codes notified by the Government of India. The associate company has presented certain incremental impacts related to gratuity and compensated absences as 'Exceptional Items' in its own results.

Result PDF

Holding Companies company JSW Holdings announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Total Revenue from Operations: Stood at Rs 3,314.30 lakh in Q4FY26, reflecting a YoY growth of 12.49% from Rs 2,946.25 lakh in Q4FY25, and a QoQ increase of 1.47% from Rs 3,266.28 lakh in Q3FY26.
  • Profit Before Tax: Reached Rs 3,030.80 lakh in Q4FY26, marking an increase of 18.41% YoY from Rs 2,559.59 lakh in Q4FY25, and a QoQ growth of 14.95% from Rs 2,636.58 lakh in Q3FY26.
  • Profit for the Period: Recorded at Rs 2,269.08 lakh in Q4FY26, representing a YoY growth of 18.98% from Rs 1,907.05 lakh in Q4FY25, and a QoQ rise of 15.65% from Rs 1,962.04 lakh in Q3FY26.

FY26 Standalone Financial Highlights:

  • Total Revenue from Operations: Reported at Rs 17,945.23 lakh for FY26, a YoY decline of 27.67% compared to Rs 24,808.99 lakh in FY25.
  • Profit Before Tax: Stood at Rs 16,297.49 lakh in FY26, reflecting a YoY drop of 30.36% from Rs 23,403.77 lakh in FY25.
  • Profit for the Year: Reached Rs 12,159.05 lakh in FY26, declining by 30.40% YoY from Rs 17,469.76 lakh in FY25.

Q4FY26 Consolidated Financial Highlights:

  • Total Revenue from Operations: Stood at Rs 3,314.30 lakh in Q4FY26, showing a YoY growth of 12.49% from Rs 2,946.25 lakh in Q4FY25, and a QoQ increase of 1.47% from Rs 3,266.28 lakh in Q3FY26.
  • Profit Before Tax: Reported at Rs 2,115.83 lakh in Q4FY26, growing by 30.22% YoY from Rs 1,624.76 lakh in Q4FY25, but declining by 45.57% QoQ from Rs 3,886.95 lakh in Q3FY26.
  • Net Profit for the Period: Reached Rs 1,354.11 lakh in Q4FY26, marking a YoY growth of 39.28% from Rs 972.22 lakh in Q4FY25, but a QoQ decrease of 57.85% from Rs 3,212.41 lakh in Q3FY26.

FY26 Consolidated Financial Highlights:

  • Total Revenue from Operations: Stood at Rs 17,945.23 lakh in FY26, a YoY decline of 27.67% compared to Rs 24,808.99 lakh in FY25.
  • Profit Before Tax: Reported at Rs 18,803.41 lakh for FY26, reflecting a YoY drop of 26.31% from Rs 25,516.66 lakh in FY25.
  • Net Profit for the Year: Recorded at Rs 14,664.97 lakh in FY26, down by 25.11% YoY from Rs 19,582.65 lakh in FY25.

Business Highlights:

  • Segment-wise Performance: The Company is engaged in the business of Investing and Financing and hence, operates under a single reportable segment as per Ind AS 108 "Operating Segments".
  • Leadership Appointments: The Board of Directors approved the re-appointment of Mr. Manoj Kr. Mohta as the Whole-time Director for a period of five years with effect from June 1, 2026. Furthermore, Mr. Nirmal Kumar Karwa was appointed based on the recommendations of the Nomination and Remuneration Committee with effect from June 1, 2026.
  • Impact of Labour Codes: Following a detailed examination of the new Labour Codes, the Company reassessed its estimated liability for past service cost based on actuarial valuation. The liability as of March 31, 2026, was revised to Rs 244.34 lakh. Consequently, an excess provision of Rs 26.54 lakh was reversed during Q4FY26 under "Exceptional items".
  • Customs Duty Matter: The Commissioner of Customs, Chennai (Imports) issued an Order raising a demand for a differential custom duty of Rs 103.29 lakh along with penalties aggregating to Rs 308.58 lakh regarding the import of 4G routers. The Company has filed an appeal before CESTAT and had previously deposited Rs 60.00 lakh under protest, noting a high chance of success in the matter.

Result PDF

Finance company Arman Financial Services announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income: Reported at Rs 17,558.34 lakh for Q4FY26, an increase of 9.69% QoQ (compared to Rs 16,007.06 lakh in Q3FY26) and a decrease of 11.92% YoY (compared to Rs 19,935.22 lakh in Q4FY25). For FY26, total income stood at Rs 64,586.57 lakh, a decrease of 11.53% YoY (compared to Rs 73,004.39 lakh in FY25).
  • Net Profit After Tax: Reported at Rs 4,101.33 lakh for Q4FY26, an increase of 84.89% QoQ (compared to Rs 2,218.20 lakh in Q3FY26) and 221.31% YoY (compared to Rs 1,276.45 lakh in Q4FY25). For FY26, net profit was Rs 5,660.53 lakh, an increase of 8.70% YoY (compared to Rs 5,207.32 lakh in FY25).

Standalone Financial Highlights:

  • Total Income: Reported at Rs 6,036.62 lakh for Q4FY26, an increase of 11.86% QoQ (compared to Rs 5,396.76 lakh in Q3FY26) and 10.15% YoY (compared to Rs 5,480.20 lakh in Q4FY25). For FY26, total income stood at Rs 21,722.08 lakh, an increase of 17.23% YoY (compared to Rs 18,529.81 lakh in FY25).
  • Net Profit After Tax: Reported at Rs 984.58 lakh for Q4FY26, an increase of 4.76% QoQ (compared to Rs 939.86 lakh in Q3FY26) and a decrease of 23.03% YoY (compared to Rs 1,279.09 lakh in Q4FY25). For FY26, net profit stood at Rs 4,060.89 lakh, a decrease of 5.93% YoY (compared to Rs 4,316.96 lakh in FY25).

Business Highlights:

  • Corporate Governance: The Board approved the redesignation of Mr. Uttam Patel from Company Secretary & Compliance Officer to Company Secretary & Chief Compliance Officer (“CCO”) of the Company, effective May 28, 2026.
  • Segment Information: The Company operates in a single reportable business segment, and all its operations are in India.
  • Policy Update: The Board reviewed, revised, and updated certain existing policies and adopted additional policies to align with regulatory requirements and operational needs.
  • Auditor Opinion: The Statutory Auditors, M/s. Laxminiwas & Co., Chartered Accountants, have issued an audit report with an unmodified opinion on the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.

Result PDF

Finance company Indostar Capital Finance announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from operations: Reported at Rs 34,667 lakh for Q4FY26, compared to Rs 34,639 lakh in Q3FY26 (QoQ change of 0.08%) and Rs 37,256 lakh in Q4FY25 (YoY change of (6.95)%). For FY26, revenue stood at Rs 1,39,312 lakh, a YoY change of (0.79)% compared to Rs 1,40,417 lakh in FY25.
  • Profit/(loss) after tax: Reported a loss of Rs 42,393 lakh for Q4FY26, compared to a profit of Rs 830 lakh in Q3FY26 and a profit of Rs 1,250 lakh in Q4FY25. For FY26, profit after tax stood at Rs 13,036 lakh, a YoY change of 148.35% compared to Rs 5,249 lakh in FY25.

Standalone Financial Highlights:

  • Total income: Reported at Rs 34,674 lakh for Q4FY26, compared to Rs 34,646 lakh in Q3FY26 (QoQ change of 0.08%) and Rs 37,459 lakh in Q4FY25 (YoY change of (7.44)%). For FY26, total income stood at Rs 1,39,359 lakh, a YoY change of (1.33)% compared to Rs 1,41,241 lakh in FY25.
  • Profit/(loss) after tax: Reported a loss of Rs 42,396 lakh for Q4FY26, compared to a profit of Rs 825 lakh in Q3FY26 and a profit of Rs 1,242 lakh in Q4FY25. For FY26, profit after tax stood at Rs 13,020 lakh, a YoY change of 147.58% compared to Rs 5,259 lakh in FY25.

Business Highlights:

  • Segment Performance: The Company is engaged primarily in the business of financing in India and, accordingly, there are no separate operating segments as per Ind AS 108.
  • Divestment: During the quarter ended June 30, 2025, the Company recorded a gain of Rs 1,17,595 lakh as an "Exceptional Item" in the Standalone financial results on the divestment of Niwas Housing Finance Limited (NHFL).
  • Labour Codes Impact: Pursuant to the notification of the four new Labour Codes effective November 21, 2025, the Company assessed the incremental impact on employee benefits. The Employee Benefit Expenses for FY26 include an incremental impact of Rs 598 lakh due to the change in wage definition.
  • Auditor Reports: The Statutory Auditors, M/s. MSKA & Associates LLP, have issued an unmodified opinion on the Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026.
  • Disclosure Compliance: The Company has made necessary disclosures under the Listing Regulations, including security cover certificates, statement of utilisation of issue proceeds of non-convertible debentures, and related party transactions.

Result PDF

Finance company Saraswati Commercial (India) announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Total Revenue from Operations:
    • The company reported a revenue of Rs -1,648.39 lakh for Q4FY26, compared to Rs 3,268.94 lakh in Q3FY26 (a decrease of 150.43% QoQ) and Rs -2,625.78 lakh in Q4FY25 (an improvement of 37.22% YoY).
    • For the full year FY26, total revenue from operations was Rs 12,094.59 lakh, compared to Rs 7,541.58 lakh in FY25, representing a growth of 60.37% YoY.
  • Profit/(Loss) before Tax:
    • The profit/(loss) before tax for Q4FY26 was Rs 1,866.30 lakh, compared to 3,004.41 lakh in Q3FY26 (a decrease of 162.12% QoQ) and Rs 2,831.30 lakh in Q4FY25 (an improvement of 34.08% YoY).
    • For the full year FY26, profit before tax was Rs 11,232.68 lakh, compared to Rs 6,880.11 lakh in FY25, a growth of 63.26% YoY.
  • Net Profit/(Loss) after Tax:
    • The net profit/(loss) after tax for Q4FY26 was Rs -1,631.79 lakh, compared to Rs 2,474.66 lakh in Q3FY26 (a decrease of 165.95% QoQ) and Rs 2,296.40 lakh in Q4FY25 (an improvement of 28.94% YoY).
    • For the full year FY26, net profit after tax was Rs 9,231.06 lakh, compared to Rs 5,341.12 lakh in FY25, a growth of 72.83% YoY.

Consolidated Financial Highlights:

  • Total Revenue from Operations:
    • The consolidated revenue from operations for Q4FY26 was Rs 1,647.62 lakh, compared to Rs 3,269.11 lakh in Q3FY26 (a decrease of 150.40% QoQ) and Rs 2,623.22 lakh in Q4FY25 (an improvement of 37.19% YoY).
    • For the full year FY26, consolidated revenue from operations was Rs 12,095.87 lakh, compared to Rs 7,544.58 lakh in FY25, a growth of 60.33% YoY.
  • Profit/(Loss) before Tax:
    • Consolidated profit/(loss) before tax for Q4FY26 was Rs 1,865.81 lakh, compared to Rs 3,004.33 lakh in Q3FY26 (a decrease of 162.10% QoQ) and Rs 2,828.97 lakh in Q4FY25 (an improvement of 34.05% YoY).
    • For the full year FY26, consolidated profit before tax was Rs 11,232.96 lakh, compared to Rs 6,882.09 lakh in FY25, a growth of 63.22% YoY.
  • Net Profit/(Loss) after Tax (attributable to owners):
    • The consolidated net profit/(loss) after tax for Q4FY26 was Rs 1,631.43 lakh, compared to Rs 2,474.60 lakh in Q3FY26 (a decrease of 165.95% QoQ) and Rs 2,295.20 lakh in Q4FY25 (an improvement of 28.92% YoY).
    • For the full year FY26, consolidated net profit after tax was Rs 9,231.27 lakh, compared to Rs 5,342.10 lakh in FY25, a growth of 72.80% YoY.

Business Highlights:

  • Operational Focus: The Group is primarily engaged in the business of "Investments, trading in shares and securities & Lending Activities." There are no separate reportable segments as per Ind AS 108..
  • Segment-wise Performance:
    • Investments, trading in shares and securities: Revenue for Q4FY26 was Rs -673.89 lakh, compared to Rs 4,410.14 lakh in Q3FY26 and Rs 2,653.19 lakh in Q4FY25. Total revenue for FY26 was Rs 16,330.40 lakh compared to Rs 24,849.03 lakh in FY25.
    • Lending activities: Revenue for Q4FY26 was Rs 216.18 lakh, compared to Rs 152.95 lakh in Q3FY26 and Rs 16.53 lakh in Q4FY25. Total revenue for FY26 was Rs 699.77 lakh compared to Rs 253.57 lakh in FY25.

Result PDF

Finance company Authum Investment & Infrastructure announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: In Q4FY26, the consolidated revenue from operations stood at Rs 310.71 crore, representing a decline of 35.00% QoQ (compared to Rs 478.04 crore in Q3FY26) and a drop of 78.60% YoY (compared to Rs 1,451.81 crore in Q4FY25). For FY26, it stood at Rs 2,608.80 crore, down by 43.02% YoY from Rs 4,578.34 crore in FY25.
  • Total Income: Consolidated total income in Q4FY26 was Rs 343.05 crore, falling 28.19% QoQ from Rs 477.70 crore in Q3FY26 and down 76.46% YoY from Rs 1,457.18 crore in Q4FY25. For the full year FY26, total income was Rs 2,653.89 crore, marking a 42.46% YoY decline against Rs 4,612.22 crore in FY25.
  • Profit Before Tax (PBT): PBT for Q4FY26 was Rs 153.87 crore, registering a drop of 44.73% QoQ (from Rs 278.40 crore in Q3FY26) and 87.67% YoY (from Rs 1,248.35 crore in Q4FY25). For FY26, PBT stood at Rs 2,115.03 crore, down 48.00% YoY from Rs 4,067.17 crore in FY25.
  • Profit After Tax (PAT): PAT for Q4FY26 was Rs 57.54 crore, reflecting a decrease of 64.36% QoQ (vs Rs 161.47 crore in Q3FY26) and 96.73% YoY (vs Rs 1,762.58 crore in Q4FY25). For FY26, PAT was reported at Rs 1,929.35 crore, lower by 54.51% YoY compared to Rs 4,241.41 crore in FY25.

Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue from operations for Q4FY26 came in at Rs 268.20 crore, marking a decline of 39.89% QoQ (from Rs 446.21 crore in Q3FY26) and 81.40% YoY (from Rs 1,442.07 crore in Q4FY25). For FY26, it was Rs 2,520.00 crore, down 44.81% YoY from Rs 4,565.86 crore in FY25.
  • Total Income: Total income in Q4FY26 stood at Rs 277.98 crore, a decline of 37.72% QoQ (from Rs 446.37 crore in Q3FY26) and 80.88% YoY (from Rs 1,453.56 crore in Q4FY25). Annual total income for FY26 was Rs 2,542.03 crore, falling by 44.74% YoY against Rs 4,599.74 crore in FY25.
  • Profit Before Tax (PBT): PBT in Q4FY26 was Rs 132.32 crore, down 53.67% QoQ from Rs 285.62 crore in Q3FY26 and down 89.43% YoY from Rs 1,252.24 crore in Q4FY25. FY26 PBT stood at Rs 2,094.68 crore, dropping 48.58% YoY compared to Rs 4,073.88 crore in FY25.
  • Profit After Tax (PAT): PAT in Q4FY26 was Rs 45.53 crore, showing a reduction of 72.90% QoQ (vs Rs 168.02 crore in Q3FY26) and 97.42% YoY (vs Rs 1,766.47 crore in Q4FY25). For FY26, PAT was Rs 1,919.47 crore, a decline of 54.82% YoY from Rs 4,248.11 crore in FY25.

Business Highlights & Segment-wise Performance:

  • Segment-wise Performance:
    • Investment Activity: Generated revenue of Rs 169.47 crore in Q4FY26 and Rs 1,275.78 crore in FY26. The segment result (profit before tax) was Rs 51.21 crore in Q4FY26 and Rs 985.36 crore in FY26.
    • Lending Activity: Recorded revenue of Rs 168.20 crore in Q4FY26 and Rs 1,349.69 crore in FY26. The segment profit was Rs 113.06 crore in Q4FY26 and Rs 1,127.63 crore in FY26.
    • Rental Business: Posted revenue of Rs 3.19 crore in Q4FY26 and Rs 16.19 crore in FY26, with a segment loss of Rs 7.00 crore in Q4FY26 and Rs 2.95 crore in FY26.
    • ARC: Brought in revenue of Rs 2.21 crore in Q4FY26 and Rs 12.24 crore in FY26. The segment recorded a loss of Rs 1.01 crore in Q4FY26 but a profit of Rs 7.38 crore for FY26.
  • Amendment in Memorandum of Association (MOA): The Board approved amendments to the MOA, inserting new sub-clauses to align the objects clause with existing operations. This ensures operational flexibility for carrying out financial service activities, portfolio management, advisory services, securitisation, and infrastructure financing. The company continues to remain an NBFC not accepting public deposits. A postal ballot notice was approved to seek shareholders' approval for this amendment.
  • Increase in Share Capital & Bonus Issue: The authorised share capital was increased from Rs 100 crore to Rs 128 crore. The Board approved a bonus issue in the ratio of 4:1 (4 new fully paid-up Equity Shares of Re 1/- each for every 1 existing share). Following shareholder approval, 67,93,80,400 bonus equity shares were allotted on January 14, 2026.
  • Preference Share Allotment: The company allotted 2,05,00,000 / 0.01% non-cumulative non-convertible preference shares (NCRPS) of face value Rs 10/- each at an issue price of Rs 1000/- per share on a private placement basis, aggregating to Rs 2050 crore, redeemable after 15 years.
  • ESOP 2025: The Employee Stock Option Scheme 2025 was approved for the grant of 25,00,000 options to eligible employees following shareholder approval in December 2025.
  • SEBI Matter (Open Elite Developers Ltd): Regarding the subsidiary Open Elite Developers Limited (formerly Reliance Commercial Finance Limited), SEBI levied a penalty of Rs 25 crore on August 22, 2024. The company appealed to the Securities Appellate Tribunal (SAT), secured a stay, and deposited 50% of the penalty on December 09, 2024. The next hearing is scheduled for July 01, 2026.
  • Subsidiary & Associate Additions: Additions to the consolidated group during the year include India SME Asset Reconstruction Company (effective 17.06.2025), Billion Dream Sports Private Limited (effective 31.07.2025), BIC Cello (India) Private Limited (effective 22.11.2025), Authum Foundation (effective 27.01.2026), and Rivaara labs Private Limited (Associate, effective 30.10.2025).

Result PDF

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
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