Everlon Financials reported a net profit of ₹2.81 crore for the quarter ended June 30, 2026, reversing a net loss of ₹40.95 lakh in the corresponding period of FY25. The turnaround was supported by a rise in revenue from operations to ₹111.97 lakh from ₹82.29 lakh in Q1FY25, driven by trading in shares, dividends, and interest on advances. This result signals a return to profitability for the NBFC-registered entity after reporting losses in recent periods.

The Board of Directors approved the unaudited financial results and the limited review report issued by statutory auditors M/s. B.L. Dasharda & Associates during its meeting on July 28, 2026. In a key governance move, the Board appointed Mr. Sanjay Rasiklal Dholakia (DIN: 11831235) as an Additional Independent Director (Non-Executive), effective July 28, 2026, subject to shareholder approval. His appointment follows a recommendation by the Nomination and Remuneration Committee.

Mr. Dholakia, a Mumbai-based Practicing Company Secretary with over 35 years of experience in corporate laws and governance, will serve a five-year term. He is not related to any existing director or promoter and holds no shares in the company. Concurrently, the Board reconstituted various committees, including the Audit and Nomination Remuneration Committees, to include Mr. Dholakia as a member.

Note: Expenses include changes in inventories which resulted in a negative value of ₹(281.84) lakh, contributing significantly to the profit before tax.

The company also proposed the appointment of M/s. Panchal S K & Associates as Statutory Auditors for a three-year term, replacing retiring auditors M/s. B.L. Dasharda & Associates. This appointment is subject to shareholder approval at the 37th Annual General Meeting (AGM). The AGM is scheduled for September 16, 2026, to be held via Video Conferencing or Other Audio-Visual Means.

What the Numbers Show

The shift from loss to profit in Q1FY26 was largely influenced by inventory adjustments rather than pure operational margin expansion. While revenue grew 36.2% year-on-year, the total expenses line shows a negative value of ₹(178.95) lakh, primarily due to a ₹(281.84) lakh decrease in inventory values. This accounting adjustment significantly boosted the profit before tax to ₹29.09 crore, compared to a loss of ₹38.40 lakh in Q1FY25. Investors should monitor whether this profitability trend sustains without such inventory-driven boosts in subsequent quarters.

Corporate Actions and Dates

Shareholders must note that the Register of Members and Share Transfer Books will remain closed from September 10, 2026, to September 16, 2026, inclusive, for the purpose of the AGM. The notice for the AGM and the annual report for FY25-26 will be sent electronically to members with registered email addresses.

Everlon Financials Limited (formerly known as Everlon Synthetics Limited), a registered Non-Banking Financial Company (NBFC) with Registration No. N-13.02443, reported its audited standalone financial results for the fourth quarter and year ended 31st March, 2026, at a Board of Directors meeting held on 12th May, 2026. The company swung to a net loss of ₹665.67 lakhs for FY26, reversing a net profit of ₹118.87 lakhs recorded in FY25, as a sharp rise in total expenses outpaced income growth during the year. In compliance with Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the financial results were subsequently published in Business Standard (English) and Mumbai Lakshdweep (Marathi) newspapers on 13th May, 2026.

Financial Performance: Annual Overview

For the full year ended 31st March, 2026, total income increased modestly to ₹1,651.69 lakhs from ₹1,555.73 lakhs in the previous year. Revenue from operations (net) grew to ₹1,647.67 lakhs from ₹1,311.42 lakhs, while other income declined sharply to ₹4.02 lakhs from ₹244.31 lakhs. However, total expenses surged to ₹2,304.47 lakhs from ₹1,136.88 lakhs, resulting in a pre-tax loss of ₹652.78 lakhs against a pre-tax profit of ₹418.86 lakhs in FY25. The key expense drivers included purchase of stock-in-trade at ₹1,355.74 lakhs and changes in inventories amounting to ₹838.91 lakhs. The following table summarises the key annual financial metrics:

Q4 FY26 Quarterly Performance

For the quarter ended 31st March, 2026, the company reported total income of ₹64.36 lakhs, a steep decline from ₹383.13 lakhs in the corresponding quarter of the previous year. Total expenses for Q4 FY26 stood at ₹367.30 lakhs, compared to ₹914.03 lakhs in Q4 FY25, resulting in a pre-tax loss of ₹302.94 lakhs against a pre-tax loss of ₹530.89 lakhs in Q4 FY25. The net loss for Q4 FY26 was ₹299.10 lakhs, compared to a net loss of ₹568.33 lakhs in the same quarter of the prior year. Basic and diluted earnings per share for Q4 FY26 stood at ₹(4.82), against ₹(9.17) in Q4 FY25.

Balance Sheet and Cash Flow Highlights

As at 31st March, 2026, total assets stood at ₹1,764.87 lakhs, down from ₹3,431.93 lakhs as at 31st March, 2025. Non-current investments declined significantly to ₹636.16 lakhs from ₹1,478.41 lakhs, while inventories reduced to ₹1,054.29 lakhs from ₹1,893.20 lakhs. Total equity decreased to ₹1,740.26 lakhs from ₹3,124.55 lakhs, with other equity falling to ₹1,120.26 lakhs from ₹2,504.55 lakhs. Paid-up equity share capital remained unchanged at ₹620.00 lakhs. The following table presents the key balance sheet figures:

On the cash flow front, net cash used in operating activities for FY26 was ₹(35.95) lakhs, compared to net cash generated of ₹39.97 lakhs in FY25. Net cash from investing activities was ₹60.55 lakhs, while net cash used in financing activities was ₹(24.28) lakhs. Cash and cash equivalents at the end of the year stood at ₹2.22 lakhs, up from ₹1.90 lakhs at the beginning of the year.

Board Decisions and Audit Matters

At the Board meeting held on 12th May, 2026, which commenced at 12.00 Noon and concluded at 12.40 p.m., the following key decisions were taken:

• Adoption of Audited Financial Results for the fourth quarter and year ended 31st March, 2026, along with the Statement of Assets and Liabilities, Cash Flow Statement, and Auditors' Report.
• Re-appointment of M/s. R. Thakkar and Co., Chartered Accountants (Firm Registration No. 110910W), located at Masjid Bunder, Mumbai, as Internal Auditor of the company for FY 2026-27.

The statutory auditors, M/s. B. L. Dasharda & Associates, Chartered Accountants (ICAI Firm Registration No. 112615W), issued an unmodified audit opinion on the audited financial results for the fourth quarter and financial year ended 31st March, 2026, as declared by Managing Director Jitendra K. Vakharia (DIN: 00047777) pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revenue from operations comprises trading in shares, dividend, and interest on advances, as noted in the financial statements.