Indo Credit Capital posts ₹4.22 lakh loss in Q1FY27 amid zero revenue

Indo Credit Capital Limited reported a net loss of ₹4.22 lakh for the first quarter ended June 30, 2026, reversing the ₹8.60 lakh profit posted in the previous quarter. The non-banking financial company (NBFC) generated zero income from operations and zero other income during the period, yet incurred total expenses of ₹4.22 lakh. This performance marks a significant deterioration from Q4FY26, when the company recorded ₹13.04 lakh in net sales, and from Q1FY25, which saw ₹15.05 lakh in total operational income. The results were approved by the Board on August 11, 2026, under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial statement highlights a complete absence of revenue generation in Q1FY27. While the company reported ₹13.04 lakh in net sales in the immediately preceding quarter (ended March 31, 2026), this figure dropped to nil in the current period. Similarly, other income, which stood at ₹13.04 lakh in Q1FY25, was also zero in the current quarter. Despite the lack of inflows, the company continued to incur costs, primarily driven by employee benefit expenses of ₹3.34 lakh and other expenses of ₹0.88 lakh. These figures represent a reduction from the prior quarter’s employee benefit expense of ₹3.79 lakh and other expenses of ₹0.65 lakh, but were insufficient to offset the total revenue void.

Financial Performance Overview

The following table details the key financial metrics for Indo Credit Capital Limited for the relevant periods:

Particulars	Q1FY27 (Unaudited)	Q4FY26 (Audited)	Q1FY25 (Unaudited)
Net Sales/Income from Operations	-	13.04	-
Other Income	-	-	13.04
Total Income from Operations	-	13.04	15.05
Employee Benefit Expense	3.34	3.79	14.13
Other Expenses	0.88	0.65	7.88
Total Expenses	4.22	4.44	22.01
Profit/(Loss) Before Tax	(4.22)	8.60	6.08
Net Profit/(Loss)	(4.22)	8.60	6.08
Earnings Per Share (Basic)	(0.06)	0.12	0.08

All figures in ₹ Lacs

The company’s paid-up equity share capital remained unchanged at ₹723.08 lakh, with a face value of ₹10 per share. The net loss resulted in a basic earnings per share of (₹0.06), compared to ₹0.12 in the previous quarter and ₹0.08 in the same quarter last year. No tax expense was incurred during the period due to the absence of taxable income.

What the Numbers Show

The most critical observation from the filing is the complete cessation of revenue generation in Q1FY27. Unlike Q4FY26, where the company recorded ₹13.04 lakh in net sales, the current quarter shows a blank line item for both primary operations and other income. This suggests a potential pause in business activity or a delay in recognizing income that was previously consistent. Furthermore, while expenses decreased slightly from ₹4.44 lakh in Q4 to ₹4.22 lakh in Q1, the cost structure remains fixed relative to the zero-revenue environment, indicating limited operational flexibility in reducing overheads during periods of low activity.

The unaudited financial results were reviewed by the audit committee and approved by the Board of Directors at its meeting held on August 11, 2026. The Statutory Auditors, Naimish N. Shah & Co., conducted a limited review of the financial results in accordance with Standard on Review Engagement (SRE) 2410. The firm issued its report on August 11, 2026, stating that nothing came to their attention to suggest the statements contained material misstatements. The results have been prepared in accordance with IND AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	+6.57%	+155.08%	+223.15%	+1,575.00%

Indo Credit Capital returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹6.08 lakh compared to a net loss of ₹5.06 lakh in the previous year. The turnaround was primarily driven by a total income of ₹28.09 lakh. The company's board approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹8.60 lakh, a decrease from ₹8.96 lakh in the same quarter of the previous year. Total income for Q4FY26 stood at ₹13.04 lakh, compared to ₹12.43 lakh in Q4FY25. The basic and diluted earnings per share (EPS) for the year improved to ₹0.08 from a loss of ₹0.07 in FY25.

Operational Metrics

The financial results indicate a controlled expense structure with total expenses for FY26 at ₹22.01 lakh, up from ₹17.93 lakh in the previous year. Employee benefit expenses increased to ₹14.13 lakh from ₹10.43 lakh year-on-year. The company's net profit before tax for the year was ₹6.08 lakh, a significant recovery from the loss before tax of ₹5.06 lakh in FY25.

Balance Sheet and Cash Flows

The company's total assets as of March 31, 2026, stood at ₹1,006.29 lakh, an increase from ₹982.16 lakh in the previous year. Investments constituted a major portion of the financial assets at ₹609.54 lakh. The cash and cash equivalents decreased to ₹4.75 lakh from ₹8.15 lakh at the end of FY25. The cash flow statement reflected a net decrease in cash and cash equivalents of ₹3.40 lakh during the year, primarily due to cash used in operating and investing activities.

Metric	FY26 (₹ in Lacs)	FY25 (₹ in Lacs)
Total Income	28.09	12.87
Total Expenses	22.01	17.93
Net Profit	6.08	(5.06)
EPS (Basic)	0.08	(0.07)

Auditor and Disclosures

M/s Naimish N. Shah & Co., Chartered Accountants, the statutory auditors, issued an unmodified opinion on the standalone financial results. The company confirmed that there were no outstanding defaults on loans or debt securities as of the reporting date. The results were reviewed by the Audit Committee and are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.