First Custodian Fund reports net loss of ₹27.17 lakh in FY26
First Custodian Fund (India) Ltd reported a net loss of ₹27.17 lakh for FY26, reversing a profit of ₹173.96 lakh in FY25. Total income fell to ₹47.21 lakh, driven by lower other operating income. The board approved the re-appointment of M/s. P. C. Shah & Co. as Secretarial Auditors for 2026–27.
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The First Custodian Fund (India) Ltd reported a net loss of ₹27.17 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹173.96 lakh recorded in the previous year. The company’s total income from operations declined significantly to ₹47.21 lakh in FY26 from ₹304.60 lakh in FY25, driven by a substantial reduction in other operating income. The board of directors approved the audited annual financial results during a meeting held on May 29, 2026.
For the quarter ended March 31, 2026, the company reported a net loss of ₹4.75 lakh, compared to a net profit of ₹0.85 lakh in the same quarter of the previous year. Total income for the quarter stood at ₹13.28 lakh, while total expenses amounted to ₹16.91 lakh. The basic earnings per share (EPS) for the year was reported at -1.81, compared to 11.60 in the prior year.
Financial Performance
The decline in financial performance was largely attributed to a drop in other operating income, which fell to ₹27.76 lakh in FY26 from ₹293.79 lakh in FY25. Other income for the year stood at ₹16.54 lakh, compared to nil in the previous year. Total expenses for FY26 were ₹73.26 lakh, a decrease from ₹84.95 lakh in the prior year, primarily due to lower other expenses.
| Particulars | Year Ended 31st March, 2026 (Audited) | Year Ended 31st March, 2025 (Audited) |
|---|---|---|
| Total Income from Operations | 47.21 | 304.60 |
| Net Sales / Income from Operations | 2.91 | 10.81 |
| Other Operating Income | 27.76 | 293.79 |
| Other Income | 16.54 | 0.00 |
| Total Expenses | 73.26 | 84.95 |
| Employee benefits expense | 20.89 | 20.70 |
| Finance Costs | 0.85 | 1.06 |
| Depreciation and amortisation expense | 10.92 | 10.64 |
| Other expenses | 40.60 | 52.55 |
| Net Profit / (Loss) for the period | (27.17) | 173.96 |
Board Approvals and Disclosures
The board approved the re-appointment of M/s. P. C. Shah & Co., Practicing Company Secretaries, as Secretarial Auditors for the term 2026–27. The company also filed the necessary documents pursuant to Regulation 33(3) and Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
The statutory auditors, M/s. Paresh D. Shah & Co., Chartered Accountants, issued an unmodified audit report on the standalone financial results. The company’s assets as of March 31, 2026, totaled ₹151.96 crore, with investments constituting a significant portion of the current assets at ₹105.86 crore.
Historical Stock Returns for First Custodian Fund
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +2.74% | -1.33% | -14.77% | -33.83% | +120.59% |
What strategic initiatives will the company implement to stabilize and recover the significant drop in other operating income?
How does the company plan to manage its substantial investment portfolio of ₹105.86 crore to offset operational losses in the future?
Will the company explore diversifying its revenue streams to reduce reliance on volatile other operating income?
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