Brilliant Portfolios Q1 Results: Net profit surges 94% YoY

Brilliant Portfolios Limited reported a significant turnaround in profitability for the first quarter of FY27, with net profit surging 94% year-on-year to ₹23.55 lakh. The Non-Banking Financial Company (NBFC) saw its revenue from operations rise 33% to ₹97.08 lakh, driven primarily by an increase in interest income. This performance marks a strong start to the fiscal year, contrasting with the lower profit base of ₹12.12 lakh recorded in the same period last year.

The Board of Directors approved the unaudited financial results on August 12, 2026, in compliance with Regulation 30 and 33 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The results were reviewed by V.P. Jain & Associates, Chartered Accountants, who issued a limited review report confirming that the statement does not contain any material misstatement and adheres to Indian Accounting Standard 34 (Ind AS 34) and RBI prudential norms applicable to NBFCs.

Financial Performance Highlights

The company’s total income stood at ₹97.29 lakh, up from ₹73.70 lakh in Q1FY26. Interest income, the primary revenue driver, increased to ₹97.68 lakh from ₹73.55 lakh in the corresponding period last year. Other income contributed marginally at ₹0.21 lakh, including interest on fixed deposits and reversals of provisions for standard assets.

Particulars	Q1FY27 (₹ Lakh)	Q1FY26 (₹ Lakh)	YoY Change
Interest Income	97.68	73.55	+32.8%
Total Revenue from Operations	97.08	73.55	+32.0%
Total Expenses	55.84	57.50	-2.9%
Profit Before Tax	31.45	16.20	+94.1%
Net Profit After Tax	23.55	12.12	+94.3%
Earnings Per Share (Basic)	₹0.76	₹0.39	+94.9%

Expenses were well-controlled, totaling ₹55.84 lakh, a slight decrease from ₹57.50 lakh in Q1FY26. Fees and commission expenses accounted for the largest share at ₹49.99 lakh, while finance costs remained stable at ₹3.00 lakh. The company incurred a net loss on fair value changes of ₹0.96 lakh, compared to ₹3.84 lakh in the previous year, indicating improved asset valuation dynamics.

What the Numbers Show

The most notable aspect of this quarter’s performance is the divergence between revenue growth and expense management. While revenue grew by over 30%, total expenses declined nearly 3%. This operational efficiency significantly amplified the bottom-line impact, turning a modest top-line gain into a near-doubling of net profits. The reduction in fair value losses further contributed to this margin expansion, suggesting better risk-adjusted returns on the company’s portfolio. With earnings per share rising to ₹0.76 from ₹0.39, shareholders are likely to view this quarter as a positive indicator of the NBFC’s improving operational health.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	+15.54%	+27.30%	+43.30%

Brilliant Portfolios Limited reported a net profit of ₹64.04 lakh for the financial year ended March 31, 2026, compared to ₹55.07 lakh in the previous year. Revenue from operations for FY26 stood at ₹323.86 lakh, an increase from ₹321.43 lakh in FY25. The company’s total income for the year was ₹323.86 lakh, while total expenses were recorded at ₹240.18 lakh. The statutory auditors issued an unmodified opinion on the audited standalone financial results.

For the quarter ended March 31, 2026, the company posted a net profit of ₹26.69 lakh, a rise from ₹18.09 lakh in the same quarter of the previous year. Revenue from operations for Q4FY26 was ₹105.14 lakh, compared to ₹89.34 lakh in the corresponding period last year. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

Financial Performance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and filed under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The company operates as a Non-Banking Financial Company (NBFC) and does not have any separate reportable segments.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	323.86	321.43
Total Income	323.86	321.43
Total Expenses	240.18	240.18
Profit Before Tax	83.68	75.59
Net Profit	64.04	55.07
Earnings Per Share (Basic)	2.06	1.78

Assets and Liabilities

The company’s total assets as of March 31, 2026, stood at ₹3,709.36 lakh, up from ₹3,218.31 lakh in the previous year. Financial assets included loans of ₹3,191.60 lakh and cash and cash equivalents of ₹235.04 lakh. Borrowings (other than debt securities) increased to ₹2,298.00 lakh from ₹1,786.00 lakh in FY25. Other non-financial liabilities included ₹373.42 lakh, comprising an interest-free amount received towards future projects that did not materialize.

Cash Flow and Disclosures

Net cash generated from operating activities for FY26 was negative at ₹(299.13) lakh, compared to ₹23.33 lakh in the previous year. Cash flows from financing activities resulted in a net inflow of ₹512.00 lakh due to borrowings. The company noted a recovery of ₹85 lakh subsequent to the reporting date regarding an outstanding balance of an interest-free advance. Additionally, an amount of ₹100 lakh was received against a non-financial liability, with management certifying that the remaining amount will be refunded in the next financial year.