Bervin Investment & Leasing reported a net loss of ₹156.7 crore for the financial year ended March 31, 2026 (FY26), a sharp widening from the ₹9.8 crore loss recorded in FY25.

The company's total income rose marginally to ₹35.2 lakh from ₹29.4 lakh in the previous year. However, expenses surged to ₹160.2 crore, compared to ₹12.7 crore in FY25, primarily due to unrealized capital losses and losses on futures and options.

Financial Performance

The following table highlights the key financial metrics for FY26 against FY25:

Income was derived largely from dividends and interest on fixed deposits. The surge in expenses was driven by ₹85.9 crore in capital losses on shares and ₹65.4 crore in losses on futures and options, as disclosed under other expenses.

What the Numbers Show

The divergence between operating income and total expenses reveals that the reported loss is non-operational in nature. Operating income of ₹35.2 lakh is negligible compared to finance costs of ₹54.3 lakh and employee benefits of ₹18.8 lakh. The vast majority of the ₹156.7 crore loss stems from investment valuation adjustments rather than core business operations, indicating high volatility in the company's asset portfolio.

Balance Sheet Signals

Total assets declined to ₹229.7 crore from ₹401.6 crore in FY25. Investments, carried at fair value through other comprehensive income (FVOCI), dropped to ₹179.1 crore from ₹334.1 crore. Borrowings were reduced significantly to ₹40.8 crore from ₹87.3 crore, suggesting deleveraging amidst the asset write-downs.

Corporate Governance

The company scheduled its 36th Annual General Meeting for September 28, 2026. Ms. Kalpana Umakanth retires by rotation and offers herself for re-appointment. The board noted no material changes affecting the financial position between the fiscal year-end and the report date.

Bervin Investment & Leasing Limited reported a decline in profitability and revenue for the first quarter of FY26. The company posted a consolidated net profit of ₹8.85 lakh for the quarter ended June 30, 2026, down from ₹7.77 lakh in the corresponding period of FY25. This follows a sequential increase from ₹6.94 lakh in the preceding quarter.

Consolidated revenue from operations contracted significantly to ₹20.71 lakh, compared to ₹28.87 lakh in Q1FY25. However, revenue showed improvement sequentially, rising from ₹16.40 lakh in the previous quarter. Standalone figures mirrored this trend, with net profit at ₹9.37 lakh versus ₹6.55 lakh a year ago.

The Board of Directors approved the unaudited financial results during a meeting held on August 12, 2026. The results were reviewed by the company’s auditors and are available on the corporate website.

Financial Performance

*Note: Source data lists revenue as 2,071.85 and 2,887.86 with unit 'INR Lacs' in header but context suggests 'Lacs' is likely a typo for 'Thousand' or the values are in thousands given the scale of other metrics like EPS (0.03). However, strictly following source units: 'INR Lacs'. Wait, looking at EPS 0.03 on capital 3177.66 Lacs. Profit 8.85 Lacs / 3177.66 Lacs = 0.002%. EPS would be 0.02. The table says EPS 0.03. If Revenue is 20.71 Crores? No, small cap. Let's look at the numbers again. 2,071.85 Lacs = 20.71 Crores. EPS 0.03 on face value 10. Market cap approx 300 Cr. Profit 8.85 Cr? No, 8.85 Lacs is too small for 20 Cr revenue if margin is normal. But if revenue is 20.71 Lacs, profit 8.85 Lacs is huge margin. Let's stick to the raw numbers provided: 2,071.85 Lacs. That is ₹20.71 Crore. And Profit 8.85 Lacs? That implies a tiny margin. Or is the unit 'Thousand'? 'Amount in INR Lacs'. So 2,071.85 Lacs = ₹20.71 Crore. Profit 8.85 Lacs = ₹8.85 Lakh. This seems inconsistent for a listed entity unless it's a loss-making or very low margin business or the unit label is wrong. Given the guardrail 'Copy every number and unit EXACTLY', I will use the numbers as written: 2,071.85 Lacs and 8.85 Lacs.

Correction: The prompt says 'Amount in INR Lacs'. So 2,071.85 is ₹20.71 Crore. 8.85 is ₹8.85 Lakh. I will report these exact figures.