Bampsl Securities FY26 Results: Net profit falls 70% on bad debt charge
- Net profit fell 70% YoY to ₹40.07 lakh in FY26 due to a ₹250 lakh bad debt provision
- Revenue rose 4.6% to ₹2,522.47 lakh, driven by a surge in interest income to ₹348.66 lakh
- Operating expenses increased 10.4% to ₹2,461.02 lakh, compressing gross margins significantly
- Trade receivables grew 38.4% to ₹390.82 lakh while long-term loans expanded slightly
- Board recommends no dividend for FY26 to preserve liquidity for expansion plans
*this image is generated using AI for illustrative purposes only.
Bampsl Securities reported a 70% year-on-year decline in net profit for FY26, driven by a significant provision for bad debts that offset growth in interest income.
The NBFC posted a net profit of ₹40.07 lakh for the financial year ended March 31, 2026, compared to ₹135.10 lakh in FY25. While total revenue rose 4.6% to ₹2,522.47 lakh, operating expenses surged 10.4% to ₹2,461.02 lakh, compressing the gross profit margin significantly.
Financial Performance
Revenue from operations increased from ₹2,361.86 lakh in FY25 to ₹2,522.45 lakh in FY26. This growth was primarily fueled by a sharp rise in interest income, which jumped to ₹348.66 lakh from ₹18.86 lakh in the previous year. Conversely, sales of stock-in-trade declined 7.2% to ₹2,173.79 lakh.
| Metric | FY26 (₹ Lakh) | FY25 (₹ Lakh) | Change |
|---|---|---|---|
| Total Revenue | 2,522.47 | 2,410.41 | +4.6% |
| Total Expenses | 2,461.02 | 2,228.30 | +10.4% |
| Gross Profit | 61.45 | 182.11 | -66.3% |
| Net Profit After Tax | 40.07 | 135.10 | -70.3% |
Other income fell drastically to ₹0.02 lakh from ₹48.55 lakh in FY25, as the company recorded no recovery of bad debts this year compared to ₹48.53 lakh in the prior period.
What the Numbers Show
A critical divergence exists between top-line growth and bottom-line profitability. Although revenue expanded, the company booked a ₹250 lakh provision for bad debts under other expenses in FY26, whereas no such provision was made in FY25. This single expense item alone exceeded the gross profit for the year (₹61.45 lakh), directly causing the sharp contraction in net earnings despite higher interest yields.
Balance Sheet and Governance
Total assets remained relatively stable at ₹4,005.30 lakh, with long-term loans and advances increasing slightly to ₹3,258.13 lakh. Trade receivables rose 38.4% to ₹390.82 lakh, indicating an expansion in credit exposure. The board recommended no dividend for FY26, citing liquidity needs for business expansion plans.
The company will hold its 31st Annual General Meeting on September 29, 2026, via video conferencing. Shareholders will vote on the reappointment of Ms. Sheela Gupta and Mr. Sachin Singhal as directors.
Historical Stock Returns for Bampsl Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.49% | -5.99% | -4.56% | -8.90% | -5.89% | +434.02% |
How does the ₹250 lakh bad debt provision compare to industry benchmarks for NBFCs, and what specific credit risk mitigation strategies will Bampsl Securities implement to prevent recurrence?
Given the 38.4% surge in trade receivables, what is the current aging profile of these debts, and how might this impact future cash flow and liquidity positions?
With operating expenses rising faster than revenue, what specific cost-control measures or operational efficiencies is management planning to introduce in FY27 to restore gross profit margins?
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