Ad-Manum Finance Limited reported a net profit of ₹263.00 lakh for the quarter ended June 30, 2026, marking a 30.4% year-on-year decline from ₹377.80 lakh in Q1FY26. Despite a robust 45% surge in revenue from operations to ₹462.84 lakh, the bottom line was significantly impacted by exceptional items totaling ₹119.69 lakh. The Board of Directors approved the unaudited financial results on July 24, 2026, following review by the Audit Committee and a limited review by statutory auditors Mahendra Badjatya & Co.

The divergence between top-line growth and bottom-line contraction highlights the impact of non-operational adjustments. While pre-tax profit before exceptional items stood at ₹305.01 lakh, pre-tax profit before both exceptional and extraordinary items was higher at ₹424.70 lakh. This indicates that operational performance remained strong, but exceptional deductions heavily weighed on the final net profit figure. Tax expenses for the quarter were ₹42.01 lakh, compared to ₹72.88 lakh in the corresponding period of FY25.

Financial Performance Overview

Reserves and surplus (excluding revaluation reserve) grew to ₹8,103.58 lakh as of June 30, 2026, up from ₹7,840.57 lakh at the end of March 2026 and ₹7,211.88 lakh in June 2025. Equity share capital remained unchanged at ₹750 lakh.

Segment-wise Performance

The company operates in two primary segments: finance and wind energy generation. Interest income, the core revenue driver, rose 44.4% YoY to ₹455.41 lakh from ₹315.44 lakh. Wind power sale revenue increased to ₹7.43 lakh from ₹3.86 lakh. However, other income declined sharply by 66.5% to ₹59.83 lakh from ₹178.52 lakh, contributing to the overall income mix shift.

Segment results before tax and interest showed that the finance segment contributed ₹335.72 lakh, while wind energy generation contributed ₹4.40 lakh. Unallocated expenses and interest costs totaled ₹94.94 lakh, reducing the total profit before tax to ₹305.01 lakh.

What the Numbers Show

The most notable aspect of the quarter is the significant gap between operating income growth and net profit decline. Revenue surged 45%, yet net profit fell over 30%. This indicates that costs, taxes, or exceptional items absorbed the entire benefit of higher revenues. Pre-tax profit before exceptional items was ₹305.01 lakh, but pre-tax profit before both exceptional and extraordinary items was ₹424.70 lakh. This difference of approximately ₹119.69 lakh in exceptional/extraordinary deductions heavily weighed on the bottom line, warranting closer scrutiny for investors assessing operational sustainability. The sharp drop in other income also suggests a normalization of non-recurring gains seen in the prior year period.

Ad-Manum Finance Limited has appointed Ms. Neha Singh as Whole-Time Director and Mr. Pramod Kishore Shrivastava as Additional Director & Chairman, effective June 10, 2026. These appointments, approved by the Board of Directors, are subject to shareholder approval within three months. Ms. Singh has been designated as a Key Managerial Personnel and will serve a term of three years, while Mr. Shrivastava steps in as Non-Executive Chairman.

Ms. Neha Singh is a Law Graduate, MBA in Finance, and Fellow Company Secretary with nearly 13 years of experience in corporate governance and regulatory compliance. She is well-versed in NBFC regulatory frameworks and currently serves as the Company Secretary & Compliance Officer. Mr. Pramod Kishore Shrivastava brings over two decades of expertise in financial control and treasury optimization as a Chartered Accountant and LL.M.

The appointments follow the recommendations of the Nomination and Remuneration Committee. The company will seek member approval for these positions within the stipulated three-month period. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The table below details the new directors: