Apollo Finvest (India) Limited reported a sharp expansion in profitability for the first quarter of fiscal year 2026, driven by robust top-line growth and improved operational efficiency.

The Mumbai-based financial services firm posted a net profit after tax of ₹335.47 lakh for the quarter ended June 30, 2026, compared to ₹231.02 lakh in the same period last year. This represents a year-on-year growth of approximately 45% in absolute terms, though the pre-tax profit surged more significantly due to tax efficiency.

Financial Performance

Revenue from operations climbed to ₹847.31 lakh in Q1FY26, up from ₹521.11 lakh in Q1FY25. This 62.6% revenue growth outpaced the previous quarter’s momentum, where revenue stood at ₹578.56 lakh in Q4FY25.

The net profit before tax jumped to ₹461.53 lakh from ₹98.17 lakh in the prior year period. The effective tax rate remained stable, with the post-tax profit reflecting a healthy margin relative to the top-line expansion.

What the Numbers Show

A key analytical observation is the divergence between revenue growth and pre-tax profit growth. While revenue increased by 62.6%, pre-tax profit surged by over 370%. This disproportionate jump suggests significant operating leverage or a reduction in cost-to-income ratios during the quarter, allowing a larger portion of incremental revenue to flow directly to the bottom line.

Balance Sheet Signals

As on March 31, 2026, the company’s debt-equity ratio was recorded at 0.19, a slight improvement from 0.20 in the previous comparable period. The total reserves stood at ₹7,055.75 lakh, while the paid-up equity share capital remained unchanged at ₹373.27 lakh. The net worth was reported at ₹7,429.02 lakh.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on August 14, 2026. The results were filed with the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Apollo Finvest (India) Limited received the formal resignation letter from M/s. SGGS & Associates, its appointed Secretarial Auditor, on August 15, 2026. The firm stepped down from its role effective August 14, 2026, following a dispute over commercial arrangements.

The resignation follows an earlier disclosure by the company on August 14, 2026, regarding the outcome of its Board meeting. At that time, Apollo Finvest informed the stock exchanges that SGGS & Associates had notified the company of its intent to resign due to disagreements in commercial terms. The formal letter was submitted subsequently to comply with regulatory requirements.

Reasons for Resignation

In its resignation letter addressed to the Audit Committee and Board Directors, SGGS & Associates outlined the specific factors leading to its decision. The firm noted that it had proposed a nominal increase in the Secretarial Audit Fee on August 12, 2026. However, the current commercial terms have remained unchanged for the past three years.

The firm stated that it reassessed its ability to continue serving as Secretarial Auditor given the increasing scope and statutory responsibilities required to safeguard stakeholder interests. It concluded that these responsibilities could not be aligned with its brand positioning at the existing fee structure.

Regulatory Compliance

The submission of the resignation letter is pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Apollo Finvest confirmed that the document has been enclosed with the exchange filing for record purposes.

Gaurav Sainani, Partner at SGGS & Associates, signed the resignation letter on August 14, 2026. The company’s Managing Director and CEO, Mikhil Innani, authorized the disclosure to the stock exchanges on August 15, 2026.