GDL Leasing & Finance Q1 Results: Net profit drops 58% YoY to ₹13.60 lakh

GDL Leasing & Finance reported a standalone net profit of ₹13.60 lakh for the quarter ended June 30, 2026, down 58% year-on-year from ₹32.43 lakh in Q1FY25. The decline occurred despite a 27% rise in total revenue from operations to ₹87.91 lakh, highlighting margin pressure from elevated impairment charges. For the full fiscal year FY26, the company posted a net profit of ₹79.57 lakh on revenues of ₹358.00 lakh.

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 07, 2026. The results were reviewed by the statutory auditors, M/s Jain Akshay & Associates, Chartered Accountants, pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company complied with Regulation 47 regarding publication in prescribed newspapers.

Financial Performance

Total revenue from operations increased to ₹87.91 lakh in Q1FY26, compared to ₹69.41 lakh in the corresponding quarter of FY25. Interest income grew 19% to ₹58.47 lakh from ₹48.94 lakh, while fees and commission income surged 44% to ₹29.44 lakh from ₹20.47 lakh. However, total expenses more than doubled to ₹69.65 lakh from ₹32.29 lakh, primarily due to higher impairment costs.

Particulars	Q1FY26 (₹ Lakh)	Q1FY25 (₹ Lakh)	Change (%)
Total Revenue from Operations	87.91	69.41	26.65
Total Expenses	69.65	32.29	115.69
Profit Before Tax	18.26	37.13	-50.82
Net Profit	13.60	32.43	-58.06
Earnings Per Share (₹)	0.27	0.65	-58.46

Impairment of financial instruments was the largest expense component at ₹34.44 lakh, up significantly from ₹3.58 lakh in Q1FY25. Fees and commission expenses also rose to ₹14.04 lakh from ₹12.68 lakh. Finance cost remained low at ₹2.70 lakh. The company’s paid-up equity share capital stood at ₹501.01 lakh.

What the Numbers Show

The divergence between top-line growth and bottom-line contraction points to asset quality concerns. While core earning drivers—interest and fee income—expanded robustly, the tenfold increase in impairment charges suggests a deterioration in the recoverability of certain financial assets. This surge in provisioning eroded the profit before tax by over 50%, indicating that operational efficiency gains were offset by credit risk realizations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-5.44%	-1.60%	-36.20%	+646.45%	+683.19%

GDL Leasing & Finance has accepted the resignation of Suraj Prajapat from the position of Company Secretary & Compliance Officer effective July 17, 2026. The resignation was tendered due to personal reasons, and the company will proceed with the required regulatory formalities.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prem Kumar Jain, Managing Director of GDL Leasing & Finance, confirmed that the resignation letter and the requisite details as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were submitted to the exchange.

Resignation Details

The company provided the following specifics regarding the cessation of the Key Managerial Personnel:

Sr. No.	Particulars	Details
1.	Reason for change	Mr. Suraj Prajapat tendered his resignation from the position of Company Secretary & Compliance Officer due to personal reasons.
2.	Date of cessation	He will be relieved from the services of the Company with effect from July 17, 2026.
3.	Brief profile	Not Applicable
4.	Disclosure of relationships	Not Applicable

Suraj Prajapat held the Membership No. A75269. In his resignation letter addressed to the Board of Directors, he requested that the company complete all necessary statutory and regulatory formalities. This includes filing the requisite forms and disclosures with the Registrar of Companies, BSE Limited, and other regulatory authorities.