Brijlaxmi Leasing FY26 profit falls 58% to ₹66.17 lakh
Brijlaxmi Leasing & Finance Limited reported a 58.2% decline in net profit to ₹66.17 lakh for FY26, with revenue falling to ₹283.56 lakh. The statutory auditor issued a qualified opinion citing non-compliance with Ind AS 19 and unrecognised interest income. Borrowings increased to ₹2,080.27 lakh, while cash equivalents turned negative.
*this image is generated using AI for illustrative purposes only.
Brijlaxmi Leasing & Finance Limited reported a 58.2% decline in net profit to ₹66.17 lakh for the financial year ended March 31, 2026, down from ₹158.29 lakh in the previous year. Revenue from operations fell significantly to ₹283.56 lakh compared to ₹634.40 lakh in FY25, primarily due to the absence of one-time gains recorded in the prior year. The company's net worth stood at ₹6.89 crore as of March 31, 2026.
The Board of Directors approved the audited financial results at a meeting held on May 30, 2026. For the quarter ended March 31, 2026, the company posted a net profit of ₹2.74 lakh, with revenue from operations at ₹86.43 lakh. Total expenditure for the year was reported at ₹197.55 lakh, a decrease from ₹420.42 lakh in the previous year.
Auditor's Observations
Maheshwari & Co., the statutory auditor, issued a qualified opinion on the financial results. The report highlighted that the company has not complied with the requirements of Ind AS 19 regarding employee benefits, failing to recognise and disclose liabilities and expenses related to defined benefit obligations. Additionally, the auditor noted that interest income was not recognised on outstanding loans and advances due to insufficient documentation to determine interest rates.
The auditor also drew attention to balances in trade receivables, trade payables, and advances to suppliers, stating they are subject to confirmation and reconciliation. Statutory compliance with respect to GST and TDS was also noted as being subject to reconciliation and subsequent adjustment.
Financial Position
The company's balance sheet shows total assets of ₹2,840.62 lakh as of March 31, 2026, compared to ₹1,952.94 lakh in the previous year. Borrowings, excluding debt securities, increased to ₹2,080.27 lakh from ₹1,311.39 lakh. Cash and cash equivalents turned negative at ₹(22.43) lakh, a sharp reversal from the positive balance of ₹433.38 lakh in FY25.
| Financial Metric (₹ in Lakhs) | FY26 | FY25 |
|---|---|---|
| Revenue from Operations | 283.56 | 634.40 |
| Total Expenditure | 197.55 | 420.42 |
| Net Profit for the Period | 66.17 | 158.29 |
| Net Worth | 689.40 | 592.09 |
| Total Borrowings | 2,080.27 | 1,311.39 |
In a separate submission to BSE, the company provided details for the determination of its Large Corporate status. Outstanding long-term borrowings at the end of FY26 were reported at ₹8.34 crore, with incremental borrowings during the year at ₹14.72 crore. The company stated it had not raised funds through the issuance of debt securities during the year.
Historical Stock Returns for Brijlaxmi Leasing & Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.95% | -5.29% | -10.29% | -27.94% | -8.37% | +349.77% |
What specific measures will management take to address the auditor's qualified opinion regarding Ind AS 19 compliance and interest income recognition?
How does the company plan to manage its liquidity and service the increased debt burden given the negative cash and cash equivalents?
Will the company need to raise additional equity or debt capital to stabilize its financial position and fund future operations?
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