Pyxis Finvest Reports ₹1.10 Crore Net Loss for Year Ended March 2026
Pyxis Finvest Limited reported a net loss of ₹1.10 crore for the year ended March 31, 2026, reversing a ₹0.33 crore profit in FY25, as total expenses surged to ₹2.95 crore driven by NPA provisions, fair value losses, and bad debt write-offs. Revenue from operations rose marginally to ₹1.54 crore, while total assets stood at ₹19.78 crore and cash and cash equivalents improved to ₹3.90 crore. The audited results were approved by the board on May 18, 2026, with an unmodified audit opinion issued by M/s. Bharat Gupta & Co.
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Pyxis Finvest Limited reported a net loss of ₹1.10 crore for the financial year ended March 31, 2026, reversing a net profit of ₹0.33 crore recorded in the previous fiscal year. The company's board approved the audited standalone financial results during a meeting held on May 18, 2026, which commenced at 3:15 p.m. and concluded at 5:05 p.m. The statutory auditors, M/s. Bharat Gupta & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial statements.
Financial Performance
Total revenue from operations for the year stood at ₹1.54 crore, a marginal increase from ₹1.48 crore in the prior year. Interest income contributed ₹0.85 crore, while dividend income stood at ₹0.03 crore. The company also recognised ₹0.55 crore as bad debts recovery related to NSEL losses, pursuant to legal developments and reasonable certainty of receipt. Total expenses for the period rose significantly to ₹2.95 crore from ₹1.93 crore in the previous year, primarily driven by a provision for NPA/standard assets of ₹0.85 crore, net loss on fair value changes of ₹0.84 crore, bad debts written off of ₹0.62 crore, and employee benefit expenses of ₹0.57 crore. The company's basic and diluted earnings per share (EPS) for the year stood at (0.96), compared to 0.29 in the previous year.
The following table summarises the standalone financial results for the year:
| Particulars: | Year Ended 31-Mar-26 | Year Ended 31-Mar-25 |
|---|---|---|
| Total Revenue from Operations (₹ Crore): | 1.54 | 1.48 |
| Total Expenses (₹ Crore): | 2.95 | 1.93 |
| Profit/(Loss) Before Tax (₹ Crore): | (1.42) | 0.45 |
| Net Profit/(Loss) for the Period (₹ Crore): | (1.10) | 0.33 |
| Basic EPS (₹): | (0.96) | 0.29 |
| Diluted EPS (₹): | (0.96) | 0.29 |
Half-Year Performance
For the half-year ended March 31, 2026, Pyxis Finvest reported a net loss of ₹0.91 crore on total revenue of ₹0.78 crore, compared to a net loss of ₹0.26 crore on total revenue of ₹0.49 crore for the half-year ended March 31, 2025. The half-year ended September 30, 2025 recorded a net loss of ₹0.20 crore on total revenue of ₹0.75 crore.
| Particulars: | H2 FY26 (31-Mar-26) | H1 FY26 (30-Sep-25) | H2 FY25 (31-Mar-25) |
|---|---|---|---|
| Total Revenue (₹ Crore): | 0.78 | 0.75 | 0.49 |
| Total Expenses (₹ Crore): | 2.00 | 0.95 | 0.75 |
| Net Profit/(Loss) (₹ Crore): | (0.91) | (0.20) | (0.26) |
| Basic EPS (₹): | (0.79) | (0.17) | (0.22) |
Assets and Liabilities
As of March 31, 2026, the company's total assets stood at ₹19.78 crore, slightly lower than ₹20.33 crore in the previous year. Cash and cash equivalents improved significantly to ₹3.90 crore from ₹1.82 crore. Loans stood at ₹13.65 crore compared to ₹13.31 crore, while investments increased to ₹1.28 crore from ₹0.30 crore. Total equity attributable to owners of the parent decreased to ₹18.78 crore from ₹19.89 crore, comprising equity share capital of ₹11.50 crore and other equity of ₹7.28 crore. Total liabilities increased to ₹0.99 crore from ₹0.44 crore, primarily on account of provisions rising to ₹0.98 crore from ₹0.05 crore.
| Particulars: | As at 31-Mar-26 (₹ Crore) | As at 31-Mar-25 (₹ Crore) |
|---|---|---|
| Cash and Cash Equivalents: | 3.90 | 1.82 |
| Loans: | 13.65 | 13.31 |
| Investments: | 1.28 | 0.30 |
| Total Assets: | 19.78 | 20.33 |
| Total Equity (Attributable to Owners): | 18.78 | 19.89 |
| Total Liabilities: | 0.99 | 0.44 |
Cash Flow Summary
For the year ended March 31, 2026, net cash used in operating activities was ₹0.52 crore, compared to ₹3.45 crore used in the previous year. Net cash from investing activities stood at ₹2.59 crore for the year, driven primarily by maturity of bank balances. There were no financing activities during the year. The net increase in cash and cash equivalents for the year was ₹2.07 crore, bringing the closing cash and cash equivalents to ₹3.89 crore from an opening balance of ₹1.82 crore.
| Cash Flow Particulars: | Year Ended 31-Mar-26 (₹ Crore) | Year Ended 31-Mar-25 (₹ Crore) |
|---|---|---|
| Net Cash from/(used in) Operating Activities: | (0.52) | (3.45) |
| Net Cash from/(used in) Investing Activities: | 2.59 | 4.81 |
| Net Cash from/(used in) Financing Activities: | - | 1.70 |
| Net Increase/(Decrease) in Cash & Equivalents: | 2.07 | (0.34) |
| Closing Cash and Cash Equivalents: | 3.89 | 1.82 |
The company confirmed that there were no material adjustments pertaining to earlier periods affecting the financial results. No dividend was declared or recommended for the year. The company operates as a single segment and is listed on the SME platform of BSE Limited.
Historical Stock Returns for Pyxis Finvest
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -67.25% |
How will Pyxis Finvest manage its rising NPA provisions and bad debt write-offs to return to profitability in FY27, given that total expenses nearly doubled revenue in FY26?
What is the expected timeline and total recovery amount from NSEL-related legal proceedings, and could future recoveries materially offset the company's operational losses?
With total equity eroding from ₹19.89 crore to ₹18.78 crore in a single year, at what point might Pyxis Finvest need to raise additional capital to sustain its lending operations?
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