Apex Capital & Finance posted a net profit of ₹3.73 crore for the financial year ended March 31, 2026, a sharp increase from ₹0.53 crore in the previous year. Total revenue climbed 157% year-on-year to ₹7.13 crore, supported by robust interest income growth.

The non-deposit accepting non-banking finance company (NBFC) generated ₹7.13 crore in operating income, up from ₹2.78 crore in FY25. This surge in top-line performance significantly outpaced the rise in total expenses, which increased marginally to ₹2.15 crore from ₹1.98 crore. Consequently, profit before tax expanded to ₹4.98 crore against ₹0.80 crore previously.

Financial Performance

Operating leverage was evident as employee benefit expenses rose by 29% while administrative and other expenses remained nearly flat. The absence of finance costs in FY26, compared to ₹0.13 crore in FY25, further aided bottom-line expansion.

What the Numbers Show

The profitability surge was driven by operational efficiency rather than cost inflation. While revenue more than doubled, total expenses grew by less than 10%. Additionally, the company transferred ₹0.75 crore (20% of net profit) to its statutory reserve as mandated by RBI guidelines, reflecting compliance with regulatory capital requirements.

Capital Raise and Governance

During the year, the company received ₹23.75 crore as the third instalment against convertible share warrants issued at ₹125 per warrant. This capital injection is recorded under 'Money Received against Share Warrants' on the balance sheet. The Board did not recommend any dividend for FY26, opting to conserve resources for future growth.

The 41st Annual General Meeting will be held on September 28, 2026, via video conferencing. Key agenda items include the reappointment of Director Sandeep Kumar and the appointment of M/s MANV & Associates as statutory auditors for five years.

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.