GSB Finance reports net loss of ₹30.85 lakh in FY26
GSB Finance Limited reported a net loss of ₹30.85 lakh for FY26, a reversal from the ₹71.65 lakh profit in FY25, due to lower revenue and higher impairment costs. The company filed revised audited results to correct a format discrepancy noted by the exchange, with no changes to the financial figures. Total assets decreased to ₹1,421.51 lakh, while cash and cash equivalents improved to ₹35.54 lakh.
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GSB Finance reported a net loss of ₹30.85 lakh for the financial year ended March 31, 2026, compared to a profit of ₹71.65 lakh in the previous year. The company filed revised standalone financial results to address a discrepancy regarding the format of the audit report raised by BSE Limited. The statutory auditors, Suvarna & Katdare, issued an unmodified opinion on the standalone financial results for the quarter and year ended March 31, 2026.
The revision was submitted in compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015, following a communication from the exchange dated June 30, 2026. The company clarified that there were no changes to the financial figures themselves, only to the format of the audit report to align with SEBI circular no. CIR/CFD/CMD1/80/2019 dated July 19, 2019.
For the quarter ended March 31, 2026, the company reported a net loss of ₹30.57 lakh, widening from the loss of ₹10.72 lakh in the corresponding quarter of the previous year. Total revenue for the quarter stood at ₹29.68 lakh, down from ₹28.72 lakh in the same period last year. Interest income for the quarter was ₹28.24 lakh, while total expenses for the period amounted to ₹23.48 lakh.
The full-year performance reflected a sharp decline in profitability. Total revenue for FY26 fell to ₹123.20 lakh from ₹179.42 lakh in FY25. Interest income decreased to ₹121.75 lakh from ₹133.28 lakh in the prior year. The company recorded an impairment on financial instruments of ₹33.30 lakh during the year, compared to nil in the previous year. Employee benefits expenses for the year were ₹35.09 lakh, down from ₹59.57 lakh in FY25.
The basic and diluted earnings per share (EPS) for the year stood at (₹0.51), compared to ₹1.19 in the previous year. The company's total assets as of March 31, 2026, were ₹1,421.51 lakh, a decrease from ₹1,471.08 lakh a year earlier. Cash and cash equivalents improved to ₹35.54 lakh from ₹17.17 lakh at the end of the previous financial year.
Financial Results for the Year Ended March 31, 2026
| Particulars | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|
| Revenue from operations | ||
| Interest income | 121.75 | 133.28 |
| Total Revenue | 123.20 | 179.42 |
| Expenses | ||
| Finance cost | 0.20 | 6.50 |
| Impairment on financial instruments | 33.30 | - |
| Employee benefits expenses | 35.09 | 59.57 |
| Total expenses | 116.47 | 96.30 |
| Profit for the period | (30.85) | 71.65 |
The Board of Directors approved the financial results at a meeting held on May 29, 2026. The company stated that it is primarily engaged in the business of financing and has no separate reportable segments as per Ind AS 108.
Historical Stock Returns for GSB Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +19.08% | +47.30% | +21.69% | +35.05% | +69.50% | +573.14% |
What specific factors led to the significant impairment of financial instruments in FY26?
How does GSB Finance plan to reverse the decline in interest income and total revenue in the coming fiscal year?
Will the company implement cost-cutting measures or strategic shifts to address the widening net losses?
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