Apex Capital and Finance Limited reported a sharp turnaround in profitability for the first quarter of FY26, with net profit after tax rising 73% year-on-year to ₹1.36 crore. The Mumbai-based financial services firm posted total income from operations of ₹2.47 crore for the quarter ended June 30, 2026, compared to ₹1.49 crore in the same period last year. This growth trajectory underscores improved operational efficiency and revenue generation capabilities during the period.

The Board of Directors approved the unaudited standalone financial results on August 11, 2026, following a review by the Audit Committee. The results were filed with BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s statutory auditors carried out a limited review of the financial statements.

Financial Performance

While absolute profits surged, earnings per share (EPS) declined to ₹1.00 from ₹1.32 in Q1FY25. This divergence is primarily due to a significant increase in the number of shares outstanding, which dilutes per-share metrics despite higher aggregate earnings.

Capital Structure Changes

A notable development in the quarter was the substantial expansion of the company’s equity base. Paid-up equity share capital rose to ₹13.52 crore from ₹5.92 crore in the previous quarter and the same period last year. This near-doubling of share capital explains the lower EPS despite robust profit growth. Reserves as shown in the audited balance sheet of the previous year stood at ₹29.10 crore.

What the Numbers Show

The data reveals a classic case of volume-driven growth offset by equity dilution. While the company successfully scaled its top line by 65%, the simultaneous issuance of new equity suggests capital raising activities aimed at funding future operations or acquisitions. Investors should note that while the bottom line strengthened significantly, the return on equity may have moderated due to the larger capital base. The absence of exceptional or extraordinary items indicates that the profit growth was derived from core operational activities.

Apex Capital and Finance Limited reported a net profit of ₹135.69 lakh for the quarter ended June 30, 2026, representing a 74% year-on-year increase from ₹78.05 lakh in Q1FY26. Revenue from operations climbed 66% to ₹246.65 lakh, up from ₹148.60 lakh in the corresponding quarter of the previous fiscal year. The strong performance was supported by controlled expenditure, with total expenses rising only 48% to ₹65.31 lakh against ₹44.11 lakh in Q1FY26.

The Board of Directors approved the unaudited financial results on August 11, 2026. The figures were reviewed by the Audit Committee and subjected to a limited review by the Statutory Auditors, M/s Mahesh Kumar & Company, Chartered Accountants, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have been published in Financial Express and Jansatta.

In addition to the financial outcomes, the Board addressed key governance appointments. It recommended the re-appointment of Sandeep Singh as a Director, who retires by rotation and has offered himself for re-appointment. Shareholder approval is required at the ensuing Annual General Meeting.

The Board also approved the appointment of M/s MANV & Associates, Chartered Accountants, Noida, as the new Statutory Auditors for a five-year term commencing from FY27 to FY31. This replaces M/s Mahesh Kumar & Company, whose tenure concludes at the upcoming AGM. M/s MANV & Associates, established in May 1987, specializes in tax advisory, audit, and risk advisory services.

Furthermore, the Board noted the resignation of M/s S. Behera & Co., Company Secretaries, effective August 6, 2026, due to pre-occupation and personal reasons. Consequently, it approved the appointment of M/s Dharamveer Dabodia & Associates, Company Secretaries, as the new Secretarial Auditors for the same five-year period (FY27–FY31), subject to shareholder approval.

What the Numbers Show

The significant divergence between revenue growth (66%) and expense growth (48%) highlights improved operational leverage for Apex Capital and Finance Limited. While employee costs increased by 16% to ₹35.73 lakh, other expenditures saw a sharper decline relative to the prior year's base, contributing to a pre-tax profit surge of 73% to ₹181.34 lakh. The company’s paid-up equity share capital also expanded to ₹1,352.00 lakh, up from ₹592.00 lakh in FY26, indicating recent capital raising activities that may support future financing operations.

| Particulars | Q1FY27 (₹ Lacs) | Q1FY26 (₹ Lacs) | Change | | ---: | :--- | :--- | :--- | | Revenue from operations | 246.65 | 148.60 | +66% | | Total Expenses | 65.31 | 44.11 | +48% | | Profit Before Tax | 181.34 | 104.82 | +73% | | Net Profit | 135.69 | 78.05 | +74% |