Goenka Business & Finance FY26 Results: Net profit turns positive at ₹4.61 crore
- Net profit turned positive at ₹4.61 crore in FY26, reversing a loss of ₹33.47 lakh
- Revenue from operations surged 109.27% YoY to ₹15,701.50 lakh
- Board recommended a final dividend of ₹0.50 per equity share
- SEBI imposed a ₹1 crore penalty and five-year market ban; appeal filed
- Statutory auditor changed to M/s V S S B & Associates

*this image is generated using AI for illustrative purposes only.
Goenka Business & Finance reported a net profit after tax of ₹4.61 crore for the fiscal year ended March 31, 2026, reversing a net loss of ₹33.47 lakh in the preceding year. The company’s revenue from operations more than doubled to ₹15,701.50 lakh, up from ₹7,502.71 lakh in FY25.
The NBFC also recommended a final dividend of ₹0.50 per equity share, representing a 5% payout on the face value of ₹10. The Board of Directors approved these financials in a meeting held on September 3, 2026.
Financial Performance
The company’s operational revenue surged by 109.27% year-on-year, driven by higher trading volumes and lending activities. Interest income rose to ₹2,119.32 lakh from ₹1,352.27 lakh in the previous year. Sale of shares contributed ₹13,579.77 lakh to revenue, up significantly from ₹6,149.89 lakh.
However, finance costs increased to ₹2,151.77 lakh from ₹1,690.31 lakh, reflecting the expansion in the loan book and financial liabilities. Other income declined sharply to ₹36.92 lakh from ₹308.30 lakh, primarily due to the absence of a one-time gain on the sale of business interest recorded in the prior year.
| Metric | FY26 (₹ Lakh) | FY25 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 15,701.50 | 7,502.71 | +109.27% |
| Profit Before Tax | 641.58 | (50.73) | Turnaround |
| Net Profit After Tax | 460.65 | (58.38) | Turnaround |
| Total Assets | 39,607.34 | 19,875.76 | +99.27% |
What the Numbers Show
The turnaround in profitability was driven entirely by operational scale rather than margin expansion. While revenue doubled, total expenses rose to ₹12,943.77 lakh from ₹6,169.38 lakh. Notably, other expenses jumped to ₹1,398.56 lakh, including a significant bad debt write-off of ₹460.81 lakh and professional fees of ₹349.95 lakh. This indicates that while top-line growth is robust, cost management and credit quality remain key focus areas as the company scales its asset base.
Balance Sheet and Regulatory Updates
Total assets nearly doubled to ₹39,607.34 lakh, with loans standing at ₹32,099.97 lakh. Other financial liabilities increased to ₹35,366.37 lakh, supporting the growth in the loan book. Cash and cash equivalents improved to ₹386.66 lakh from ₹91.72 lakh.
The company disclosed a final order from SEBI dated June 30, 2026, imposing a monetary penalty of ₹1 crore. The regulator has restrained the company from accessing the securities market for five years. Goenka Business & Finance has filed an appeal against this order. Additionally, the company appointed M/s V S S B & Associates as its new statutory auditors for a five-year term.
Corporate Actions
The 39th Annual General Meeting will be held on September 29, 2026, via video conferencing. Key agenda items include:
- Re-appointment of Mr. Yasin Gori as Whole Time Director.
- Re-appointment of Ms. Charmi Parikh as Independent Director for a second term.
- Confirmation of Mr. Atul Sheth’s appointment as Independent Director.
- Adoption of the audited financial statements for FY26.
Historical Stock Returns for Goenka Business & Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.01% | -2.80% | -0.21% | +14.07% | +2.21% | 0.0% |
How will the SEBI-imposed five-year ban on accessing the securities market impact Goenka Business & Finance's ability to raise fresh capital for its expanding loan book?
Given the significant bad debt write-off of ₹460.81 lakh, what specific credit risk mitigation strategies is the company implementing to ensure future asset quality?
Will the company's reliance on trading revenue, which contributed over 86% of total operations, expose it to higher volatility in future fiscal years compared to stable lending income?


































