Glance Finance Limited reported a net profit after tax (PAT) of ₹5.79 crore for the quarter ended June 30, 2026, reversing a loss of ₹3.84 crore in the same period last year. Total income surged to ₹8.93 crore from ₹9.36 crore in Q1FY25, primarily driven by a ₹6.90 crore gain on fair value changes. The Board of Directors also approved the appointment of M/s. Ashish Bang & Co. as statutory auditors for a five-year term, effective from the conclusion of the 32nd Annual General Meeting (AGM).

The financial results were approved by the Board on August 07, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. M/s. J M T & Associates, the current statutory auditor, issued a limited review report with a qualified opinion regarding the provision for gratuity and leave encashment, which was estimated rather than based on actuarial valuation as required under Ind AS 19.

Financial Performance

The company’s total income stood at ₹8.93 crore in Q1FY26, compared to ₹9.36 crore in Q1FY25. Interest income rose to ₹40.13 lakh from ₹21.36 lakh, while fees and commission income declined to ₹47.49 lakh from ₹58.22 lakh. A significant contributor to the bottom line was the net gain on fair value changes, which amounted to ₹690.21 lakh, up from ₹608.01 lakh in the prior year quarter. Expenses totalled ₹201.53 lakh, down from ₹241.05 lakh in Q1FY25, aided by lower impairment charges of ₹0.39 lakh compared to ₹46.55 lakh previously.

Note: Q1FY25 figures are restated as per Note 3 in the filing.

Segment Results and Auditor Appointment

The Lending & Investment Division contributed ₹730.34 lakh to segment revenue, while the Non-Strategic Business Division added ₹162.32 lakh. Segment assets for the Lending & Investment Division grew to ₹5,082.01 lakh from ₹4,143.87 lakh in the previous year. The Board, on the recommendation of the Audit Committee, appointed M/s. Ashish Bang & Co. (FRN: 152247W) as statutory auditors for five years, from the conclusion of the 32nd AGM in 2026 until the conclusion of the 37th AGM in 2031. This appointment is subject to shareholder approval.

What the Numbers Show

The reversal from a loss position in Q1FY25 to a profit in Q1FY26 is largely attributable to improved management of fair value gains and reduced impairment costs. While total income saw a slight decline, the reduction in expenses, particularly impairment of financial instruments, significantly boosted profitability. However, the qualified audit opinion regarding employee benefits provisions indicates a potential area of compliance risk that shareholders should monitor in future filings.

Glance, InMobi's consumer technology company, has appointed Ashim Sen as Vice President of Americas Growth & Revenue (Telecom Operator Business) to accelerate its expansion across North America and Latin America. The strategic move aims to strengthen partnerships with mobile operators, OEMs, and connected TV providers, bringing AI-powered shopping experiences to millions of new consumer screens. Sen joins from Verizon, where he led the device monetization business, overseeing on-device consumer experiences and strategic partnerships across app distribution, adtech, value-added services (VAS), and app commerce.

Sen will be responsible for deepening relationships with major mobile operators in the region. He joins Glance's regional leadership team under Rajat Wanchoo, Group Vice President for Americas & Europe at InMobi. Wanchoo's responsibilities have expanded to accelerate Glance's next-generation agentic AI initiatives in collaboration with mobile OEMs, operators, connected TV providers, AI commerce marketplaces, and hyperscalers.

"Mobile operators are becoming an increasingly important part of how consumers discover AI-powered experiences," said Mansi Jain, COO of Glance. "As we expand across the Americas, we are investing in leaders who understand the ecosystem and know how to bring new technologies to market at scale. Ashim's experience building strategic partnerships at Verizon will help us deepen our operator relationships and bring Glance to millions more consumers across the region."

The appointment comes as Glance expands its distribution ecosystem through recent collaborations with Samsung, DIRECTV, and Motorola. These partnerships are extending Glance's AI-powered commerce experiences to new consumer touchpoints across mobile and TV. Sen brings over a decade of experience in building telecom, media, and adtech partnerships to the role.

"I've spent much of my career evaluating new on-device experiences and helping operators bring technologies to market that create meaningful value for consumers," said Sen. "What drew me to Glance is the opportunity to help shape the next generation of those experiences. AI is fundamentally changing how people discover content and commerce, and mobile operators have an important role to play in bringing that transformation to millions of consumers."

Key Appointments

Glance is an intelligent shopping agent powered by proprietary agentic intelligence and generative AI. It is operated by Glance InMobi Pte. Ltd., a non-consolidated subsidiary of InMobi, and is backed by Mithril Capital, Google, and Jio Platforms.