Indus Finance Limited reported a profit of ₹200.62 lakh for the financial year ended March 31, 2026, marking an 86% increase from ₹107.80 lakh in the previous year. Total income for the period rose to ₹936.04 lakh, compared to ₹579.25 lakh in FY25, primarily driven by a surge in profit on the sale of investments which amounted to ₹476.83 lakh. The company’s board has scheduled the 35th Annual General Meeting (AGM) for July 10, 2026, via video conferencing.

Financial Performance

The company’s revenue from operations increased to ₹936.04 lakh in FY26 from ₹554.05 lakh in the previous year. Interest income stood at ₹400.02 lakh, while profit on the sale of investments jumped significantly to ₹476.83 lakh from ₹208.05 lakh. Total expenses for the year were ₹644.36 lakh, up from ₹395.77 lakh in FY25. Finance costs rose to ₹287.59 lakh from ₹180.42 lakh.

Asset Quality and Provisions

The gross non-performing assets (NPAs) as of March 31, 2026, stood at ₹394.11 lakh. The company recognized an impairment loss allowance of ₹66.82 lakh as of March 31, 2026, compared to ₹112.88 lakh in the previous year. The net NPA position was reported at ₹377.34 lakh. The auditor highlighted the impairment of financial assets and the carrying value of equity investments in associates as key audit matters.

AGM and Corporate Governance

The 35th AGM will be held on July 10, 2026, at 4:00 PM IST through video conferencing. The record date for determining shareholder eligibility is July 3, 2026, with book closure from July 4 to July 10, 2026. E-voting will commence on July 7, 2026, at 9:00 AM and conclude on July 9, 2026, at 5:00 PM. The company has proposed related party transactions worth ₹130 crore for approval at the meeting.

Indus Finance Limited has reported a significant improvement in its financial performance for the year ended March 31, 2026, with net profit rising to ₹200.62 lakhs from ₹107.81 lakhs in the previous fiscal year. The Board of Directors, at its meeting held on Wednesday, May 6, 2026, approved the audited standalone financial results for the quarter and full year ended March 31, 2026, along with a final dividend recommendation and notice for the 35th Annual General Meeting.

Financial Performance: Full Year and Q4 FY26

For the full year ended March 31, 2026, Indus Finance recorded total income of ₹936.04 lakhs, a sharp increase from ₹579.25 lakhs in FY25. Net profit for the year rose to ₹200.62 lakhs from ₹107.81 lakhs in the previous year. Profit before tax for FY26 stood at ₹243.62 lakhs, compared to ₹135.42 lakhs in FY25. The following table summarises the key income statement metrics:

For the quarter ended March 31, 2026, total income was ₹581.74 lakhs, compared to ₹127.11 lakhs in the corresponding quarter of the previous year. Net profit for Q4 FY26 stood at ₹146.29 lakhs versus ₹8.41 lakhs in Q4 FY25. A notable contributor to the quarter's income was Insurance Bonus of ₹473.92 lakhs, which was absent in the prior-year quarter.

Income Composition and Expense Breakdown

The full-year income was driven by interest income of ₹400.02 lakhs (FY25: ₹339.51 lakhs), insurance bonus of ₹473.92 lakhs (FY25: nil), net gain on fair value changes of ₹46.05 lakhs (FY25: nil), and profit on sale of investments of ₹2.91 lakhs (FY25: ₹208.05 lakhs). On the expense side, finance costs for FY26 were ₹287.59 lakhs (FY25: ₹180.42 lakhs), employee benefits stood at ₹112.83 lakhs (FY25: ₹96.52 lakhs), and bad debts of ₹171.47 lakhs were recorded in FY26 (FY25: nil).

Total comprehensive income for FY26 was ₹38.59 lakhs, recovering from a loss of ₹70.24 lakhs in FY25, after accounting for other comprehensive income of negative ₹162.03 lakhs (FY25: negative ₹178.05 lakhs), primarily reflecting remeasurement of investments in shares.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at ₹3,449.74 lakhs, compared to ₹4,361.73 lakhs as at March 31, 2025. The decline was primarily due to a reduction in investments from ₹934.38 lakhs to ₹195.59 lakhs and a decrease in loans from ₹2,698.25 lakhs to ₹2,492.96 lakhs. Total borrowings (other than debt securities) reduced significantly to ₹1,107.24 lakhs from ₹2,027.05 lakhs. Total equity stood at ₹2,297.14 lakhs as at March 31, 2026, compared to ₹2,304.84 lakhs in the prior year.

Dividend, AGM, and Fund Raising

The Board has recommended a final dividend of ₹0.60 (Sixty Paise) per equity share of face value ₹10 each, fully paid-up, for FY2025-26, subject to shareholder approval at the ensuing Annual General Meeting. The 35th Annual General Meeting is scheduled to be held on Friday, July 10, 2026, through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The Register of Members will be closed from July 4, 2026 to July 10, 2026 (both days inclusive), and the record date for the AGM and dividend has been set as July 3, 2026.

Additionally, the company has established a dedicated internal committee tasked with identifying and evaluating strategies for fund raising.

Auditor's Report and Regulatory Compliance

Statutory auditors M/s. B.N. Misra & Co., Chartered Accountants (Firm Reg No: 321095E), issued an unmodified audit opinion on the financial results for the year ended March 31, 2026. The auditors confirmed that the financial statements give a true and fair view in conformity with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013. The audit report also confirmed that the company's internal financial controls over financial reporting were adequate and operating effectively as at March 31, 2026.

Key audit matters addressed included impairment of financial assets under the Expected Credit Loss (ECL) approach, with the company recognising an impairment loss allowance of ₹66.82 lakhs as at March 31, 2026, and the assessment of carrying value of equity investments in associates, including an investment in an associate company valued at ₹208.55 lakhs at book value. The auditors confirmed no material differences were noted in either area.

From a regulatory standpoint, the company holds a valid Certificate of Registration as an NBFC under Section 45-IA of the RBI Act, 1934, meets the net owned funds requirements, has not accepted any public deposits, and has complied with RBI prudential norms on income recognition, asset classification, and provisioning. The company has not been classified as an NBFC-MFI for the year ended March 31, 2026.