Ontic Finserve Limited reported a significant deterioration in its financial performance for the first quarter of FY27, posting a net loss of ₹2.87 crore (₹287.39 lakh) for the quarter ended June 30, 2026. This stands in sharp contrast to the net profit of ₹40.13 lakh (₹40.13 lakh) recorded in the corresponding quarter of the previous fiscal year.

The Board of Directors approved the unaudited standalone financial results on August 14, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Nirav S. Shah & Co.

Financial Performance

The company’s top-line revenue remained at zero for the current quarter, mirroring the trend from the preceding quarter (Q4FY26). However, this represents a decline from the ₹56.12 lakh in operational revenue recorded in Q1FY26. Total income for the quarter stood at just ₹2.17 lakh, derived entirely from other income sources.

Expense Surge Drives Loss

The primary driver of the quarterly loss was a substantial increase in operating costs. Total expenses rose to ₹289.56 lakh in Q1FY27, compared to ₹5.51 lakh in Q1FY26. This spike was largely attributed to "other expenses," which jumped to ₹288.71 lakh from ₹4.04 lakh year-over-year. Employee benefit expenses also increased slightly to ₹0.84 lakh from ₹1.45 lakh.

For the full fiscal year ended March 31, 2026, the company had reported a net profit of ₹54.17 lakh on total revenues of ₹109.42 lakh. The current quarter’s results mark a reversal of that annual profitability.

What the Numbers Show

The divergence between income and expenditure is stark. With total income limited to ₹2.17 lakh and total expenses soaring to ₹289.56 lakh, the company’s operational cash generation appears severely constrained. The absence of revenue from operations combined with a near-60x increase in other expenses suggests a period of significant non-operational spending or restructuring costs, though the specific nature of these expenses was not detailed in the filing. The basic earnings per share turned negative at (₹0.32), down from ₹0.04 in the prior year quarter.

Ontic Finserve Limited has accepted the resignation of Ms. Kapadia Kruti Kevin as a Non-Executive Independent Director, effective from the close of business hours on July 22, 2026. The resignation was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors acknowledged her departure and recorded its appreciation for the valuable contribution, support, and guidance provided during her tenure.

Ms. Kapadia Kruti Kevin cited personal reasons for her resignation and confirmed that there are no other material reasons for the decision aside from those stated in her resignation letter. The necessary disclosures regarding the change in directorship were submitted to the stock exchange.

Details of Directorship Cessation

The company provided the specific regulatory details regarding the cessation of the director's role in the filing submitted to BSE Limited.

Other Directorships

The filing also disclosed the names of listed entities where the resigning director holds directorships. These include Golden Capital Services Limited as Independent Director, Indo-Global Enterprises Limited as Additional Director, and Kretto Syscon Limited as Director & Member of NRC Committee.

The resignation was formally received and acknowledged by Raiyani Bhupendrakumar Dhanjibhai, Director and CFO of Ontic Finserve Limited, on July 22, 2026.