Sera Investments & Finance India Ltd reported a substantial surge in profitability for the first quarter of FY26, with standalone net profit reaching ₹496.15 lakh compared to ₹11.04 lakh in the same period last year. This represents a year-on-year growth of approximately 44,700%, driven by a sharp increase in revenue from operations and controlled operating expenses. The results highlight a strong operational turnaround for the NBFC, which has seen its earnings per share rise to ₹7.58 from ₹0.02 in Q1FY25.
The Board of Directors, chaired by Managing Director Shweta Samir Shah, approved the unaudited standalone and consolidated financial results during a meeting held on August 11, 2026. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the statutory auditor, S D P M & Co., Chartered Accountants, who issued an unmodified limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance Highlights
Revenue from operations for the quarter stood at ₹589.60 lakh, a significant improvement over the ₹25.87 lakh recorded in Q1FY25. Total income remained at ₹589.60 lakh as there was no other income reported for the period. Operating expenses were kept lean, with total expenses amounting to ₹66.61 lakh, down from ₹243.75 lakh in the previous year's corresponding quarter.
| Particulars | Q1FY26 (₹ Lakh) | Q1FY25 (₹ Lakh) | Change | | :--- | :---: | :---: | :---: |
| Revenue From Operations | 5,896.03 | 258.67 | +2,180% |
| Total Expenses | 66.61 | 243.75 | -73% |
| Profit Before Tax | 5,829.42 | 14.92 | +39,172% |
| Net Profit After Tax | 4,961.46 | 11.04 | +44,700% |
| EPS (Basic) | ₹7.58 | ₹0.02 | +37,800% |
Note: Revenue figures are presented in absolute values as per source data (₹5,896.03 lakh vs ₹258.67 lakh).
Tax expenses for the quarter totaled ₹867.96 lakh, comprising current tax of ₹867.76 lakh and deferred tax of ₹0.20 lakh. In contrast, the previous year saw minimal tax impact with total tax expenses of ₹3.88 lakh. The profit before tax surged to ₹5,829.42 lakh from ₹14.92 lakh in Q1FY25.
Consolidated Results and OCI Impact
On a consolidated basis, which includes subsidiaries Sera Code Private Limited and Sera Capital Services Private Limited, as well as associate Changodar Metals Private Limited, the group reported a net profit after tax of ₹497.45 lakh. This is inclusive of a share of profit in associates amounting to ₹16.04 lakh.
Despite the strong bottom-line performance, the company’s total comprehensive income turned negative at -₹104.51 lakh (standalone). This divergence is primarily due to a significant loss in Other Comprehensive Income (OCI) of -₹600.65 lakh. The company noted that this adjustment relates to unrealized profits on its investment in Sri Adhikari Brothers Television Network Ltd., following the conversion of warrants into equity shares in March 2024. These OCI adjustments do not impact the core operational profitability but reflect mark-to-market accounting requirements under Ind AS.
What the Numbers Show
The most striking aspect of Sera Investments' Q1FY26 performance is the decoupling of operational profitability from comprehensive income. While the core business generated a robust net profit of nearly ₹5 crore, the investment portfolio's valuation adjustments created a drag on comprehensive income. For investors, the key takeaway is the scalability of the core lending or finance operations, evidenced by the 21-fold increase in revenue while expenses contracted by nearly 73%. This suggests improved operational efficiency and potentially higher-margin asset deployment compared to the prior year period.
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