Shalibhadra Finance Limited opened a new branch in Jamnagar, Gujarat, on August 26, 2026, expanding its total branch network to 62 across India. The move strengthens the non-banking financial company’s presence in western India, where it targets underserved rural and semi-urban segments.

Shalibhadra Finance now operates 30 branches in Gujarat, 21 in Maharashtra, 10 in Madhya Pradesh, and 1 in Rajasthan. Management stated that physical presence is essential for its small-ticket asset-backed retail finance model in rural areas. The company cited Jamnagar’s dual economy of industrial hubs and agricultural wealth as key drivers for local commuting needs and loan demand.

Geographic Expansion Strategy

The new branch reinforces Shalibhadra’s focus on western India. The company serves unbanked and underserved regions with specialized financing solutions. It offers two-wheeler loans, car loans, property loans, and personal loans.

Business Profile

Shalibhadra Finance reported an asset under management of ₹220+ crore and an active customer base of more than 1 lakh. The company follows a prudent lending model with a focus on risk management and asset quality. Operations are supported by robust governance and technology-enabled processes.

Shalibhadra Finance Ltd reported a net profit of ₹4.91 crore for the quarter ended June 30, 2026, rising 7% from ₹4.57 crore in the corresponding period of FY26. Total revenue from operations expanded by 17% year-on-year to ₹11.09 crore, driven primarily by an increase in income from retail finance.

The company’s board of directors approved the unaudited standalone financial results during its meeting held on August 12, 2026. The figures have been reviewed by Vora & Associates, the statutory auditors, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Retail finance income, the core revenue driver, increased to ₹10.86 lakh from ₹9.41 lakh in Q1FY26. Service charges contributed ₹10 lakh, up from ₹6 lakh previously, while bank fixed deposit interest income rose to ₹13 lakh from nil. Consequently, total revenue reached ₹11.09 lakh, compared to ₹9.47 lakh in the prior year quarter.

Expenses rose to ₹4.68 lakh from ₹3.55 lakh in Q1FY26. Finance costs increased significantly to ₹1.96 lakh from ₹99 lakh, reflecting higher borrowing costs or volume. Employee benefit expenses stood at ₹1.20 lakh, while administrative and other expenses were ₹1.48 lakh. Depreciation remained minimal at ₹4 lakh.

Profit before tax declined 9% quarter-on-quarter to ₹6.41 lakh from ₹7.04 lakh in Q4FY26, despite the year-on-year growth. Tax expense was recorded at ₹1.50 lakh. Basic and diluted earnings per share stood at ₹1.59, down from ₹1.66 in the previous quarter but up from ₹1.48 in Q1FY26.

What the Numbers Show

While top-line revenue grew robustly at 17% year-on-year, profit before tax contracted by 9% compared to the immediately preceding quarter. This divergence suggests that cost inflation, particularly in finance costs which more than doubled year-on-year, is beginning to pressure margins relative to the peak performance seen in Q4FY26. The operating model remains heavily concentrated in retail finance, which accounts for over 97% of total revenue, indicating limited diversification in income streams.

The company reported other comprehensive income of ₹56 lakh, reversing a loss of ₹98 lakh in the prior quarter. Total comprehensive income for the period was ₹5.47 lakh. Paid-up equity share capital remained unchanged at ₹30.89 lakh.