Aastamangalam Finance Q1 Results: Net profit falls 16% YoY to ₹2.5 crore
Aastamangalam Finance Ltd reported Q1FY27 net profit of ₹250.20 lakh, down 16% YoY, with revenue falling 9% to ₹427.35 lakh. The board appointed S S P Jain & Associates as internal auditors and recommended Venkat & Rangaa LLP for statutory auditor re-appointment.
*this image is generated using AI for illustrative purposes only.
Aastamangalam Finance Limited reported a ₹250.20 lakh net profit for the first quarter of FY27 (ended June 30, 2026), marking a 16% decline year-on-year from the ₹298.68 lakh profit recorded in Q1FY26. Revenue from operations fell 9% to ₹427.35 lakh, down from ₹470.93 lakh in the prior-year period, driven by a contraction in interest income.
The company’s earnings per share (EPS) stood at ₹1.61 for the quarter, compared to ₹1.88 in the same period last year. While the current quarter saw a profit decline, it represented a sequential improvement from the March 2026 quarter, where net profit was ₹216.37 lakh on revenue of ₹530.50 lakh.
Financial Performance
The decline in top-line revenue was reflected across key income and expense lines. Interest income, the primary revenue driver, dropped to ₹427.35 lakh from ₹470.93 lakh in Q1FY25. However, finance costs also decreased significantly to ₹74.82 lakh from ₹56.99 lakh in the corresponding quarter of FY25, though they remained higher than the ₹228.86 lakh recorded in the immediately preceding quarter (Q4FY26).
| Metric | Q1FY27 | Q1FY26 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹427.35 lakh | ₹470.93 lakh | -9.3% |
| Net Profit | ₹250.20 lakh | ₹298.68 lakh | -16.2% |
| EPS (Basic) | ₹1.61 | ₹1.88 | -14.4% |
What the Numbers Show
A notable divergence exists between the company’s interest income trajectory and its finance cost management. While interest income fell sequentially from ₹530.50 lakh in Q4FY26 to ₹427.35 lakh in Q1FY27, finance costs dropped sharply from ₹228.86 lakh to ₹74.82 lakh over the same period. This suggests a potential reduction in borrowing activity or loan portfolio adjustments during the quarter, which helped cushion the impact of lower revenue on the bottom line relative to the previous quarter.
Corporate Governance Updates
During its meeting on August 12, 2026, the Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, which were subjected to limited review by statutory auditors M/s. Venkat & Rangaa LLP.
Key governance appointments included:
- Internal Auditor: M/s. S S P Jain & Associates LLP was appointed as Internal Auditor for the financial year 2026-2027.
- Statutory Auditor: The Board recommended the re-appointment of M/s. Venkat & Rangaa LLP as Statutory Auditors for a five-year term, subject to shareholder approval at the upcoming Annual General Meeting.
The AGM is scheduled for September 25, 2026, to be conducted via Video Conferencing or Other Audio-Visual Means.
Historical Stock Returns for Aastamangalam Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.60% | -4.26% | -9.33% | -12.89% | -26.59% | +156.66% |
What specific strategic adjustments is Aastamangalam Finance making to its loan portfolio to reverse the 9% decline in interest income for the upcoming quarters?
How sustainable is the sharp sequential reduction in finance costs, and does it indicate a broader deleveraging strategy or temporary borrowing pauses?
Will the re-appointment of M/s. Venkat & Rangaa LLP as Statutory Auditors face any resistance from shareholders given the recent YoY profit contraction?
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