Libord Finance turns profitable in FY26 with ₹63.7 lakh net income
- Libord Finance posted a net profit of ₹63.66 lakh in FY26, reversing a ₹54.17 lakh loss in FY25
- Total income grew 57.55% to ₹199.98 lakh, aided by ₹31 lakh gain on assigned debt sale
- Interest income increased to ₹868.28 lakh from ₹584.79 lakh in the prior year
- Shareholders to vote on re-appointments of MD Dr. Vandna Dangi and ID Mr. Ramanathan Thirupathi
*this image is generated using AI for illustrative purposes only.
Libord Finance reported a net profit of ₹63.66 lakh for the financial year ended March 31, 2026 (FY26), marking a significant turnaround from the net loss of ₹54.17 lakh recorded in FY25.
The company’s total income expanded by 57.55% to ₹199.98 lakh, driven primarily by higher interest income and gains on assigned debt. This improvement coincides with the scheduled 32nd Annual General Meeting (AGM) on September 25, 2026, where shareholders will approve these audited standalone financial statements.
Financial Performance
The NBFC’s revenue growth was underpinned by stronger operational results and specific transactional gains. Interest income rose to ₹868.28 lakh from ₹584.79 lakh in the previous year. Additionally, the company recognized a ₹31.00 lakh profit on the sale of assigned debt, a line item that was nil in FY25.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Total Income | ₹199.98 lakh | ₹126.93 lakh | +57.55% |
| Profit Before Tax | ₹63.97 lakh | (₹54.85 lakh) | Turnaround |
| Net Profit After Tax | ₹63.66 lakh | (₹54.17 lakh) | Turnaround |
| Finance Costs | ₹3.55 lakh | ₹6.17 lakh | Decrease |
Profit before finance costs and depreciation stood at ₹89.27 lakh, compared to a loss of ₹26.92 lakh in FY25. Finance costs decreased to ₹3.55 lakh from ₹6.17 lakh, aiding the bottom-line recovery. Depreciation, amortization, and impairment charges remained stable at ₹21.75 lakh.
What the Numbers Show
The profitability in FY26 is partly attributable to non-recurring or specific transactional items. The ₹31.00 lakh gain from the sale of assigned debt contributed significantly to the pre-tax profit of ₹63.97 lakh. Without this specific gain, the operational profit before tax would have been approximately ₹32.97 lakh. Furthermore, other income rose to ₹813.95 lakh from ₹675.11 lakh, largely due to income from futures and options (FNO) trading amounting to ₹809.57 lakh, whereas long-term capital gains had driven other income in the prior year.
AGM and Governance Updates
Shareholders will vote on the re-appointment of key board members at the virtual AGM. Mr. Lalit Kumar Dangi retires by rotation and offers himself for re-appointment.
Special business resolutions include:
- Re-appointment of Mr. Ramanathan Thirupathi as an Independent Director for a second five-year term (August 24, 2026 – August 23, 2031). He requires a special resolution as he will attain age 75 during his tenure.
- Re-appointment of Dr. Vandna Dangi as Managing Director for three years (March 10, 2027 – March 9, 2030), with a basic salary of ₹3 lakh per month.
Remote e-voting opens on September 21, 2026, and closes on September 24, 2026. The cut-off date for determining eligible shareholders is September 18, 2026.
Historical Stock Returns for Libord Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.94% | +7.81% | -0.06% | -5.12% | -3.14% | 0.0% |
How sustainable is Libord Finance's profitability given that nearly half of its pre-tax profit stems from non-recurring gains on assigned debt sales?
What impact will the heavy reliance on FNO trading income have on the company's revenue volatility in FY27 compared to traditional interest income?
Will the re-appointment of Dr. Vandna Dangi as Managing Director signal a strategic shift in the NBFC's lending portfolio or risk management approach?
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