Shalibhadra Finance Limited reported a net profit of ₹5.47 crore for the quarter ended June 30, 2026, up from ₹4.58 crore in the corresponding period of the previous fiscal year. Revenue from operations expanded 17% year-on-year to ₹11.09 crore, driven primarily by an increase in income from retail finance.

The Mumbai-based non-banking financial company (NBFC) saw its retail finance income rise to ₹10.86 crore in Q1FY26, compared to ₹9.41 crore a year ago. This growth offset a slight dip in service charges, which fell to ₹10 lakh from ₹14 lakh in the prior quarter. Total comprehensive income for the period stood at ₹5.47 crore, reflecting gains on fair value of equity instruments.

Financial Performance

The company’s profitability metrics showed mixed trends across quarters. While net profit after tax improved year-on-year, it declined slightly on a quarter-on-quarter basis from ₹5.13 crore in Q4FY26. Earnings per share (EPS) were recorded at ₹1.59, down from ₹1.66 in the preceding quarter but higher than the ₹1.48 reported in Q1FY25.

Expenses increased to ₹4.68 crore in the quarter, up from ₹3.94 crore in Q4FY26 and ₹3.55 crore in Q1FY25. Finance costs rose to ₹1.96 crore from ₹1.69 crore in the previous quarter, while employee benefit expenses remained stable at ₹1.20 crore. Administrative and other expenses surged to ₹1.48 crore from ₹1.01 crore in the prior quarter, contributing to the compression in operating margins.

What the Numbers Show

A notable divergence exists between revenue growth and margin performance. While revenue grew 17% year-on-year, the operating margin contracted to 75.47% from 79.51% in the previous quarter. This decline coincides with a sharp rise in administrative expenses, which jumped nearly 47% quarter-on-quarter. Despite this pressure, the net profit margin expanded to 49.32% from 48.36% in the same quarter last year, indicating that cost increases were partially absorbed by higher top-line growth.

Balance Sheet and Capital Utilization

Shalibhadra Finance disclosed that it had fully utilized the ₹19.50 crore raised through a private placement of non-convertible debentures (NCDs) on April 10, 2026. There were no deviations in the use of issue proceeds as per SEBI regulations.

The company’s debt-equity ratio stood at 0.34 as on June 30, 2026, up from 0.33 in the previous quarter and 0.22 a year ago. Net worth increased to ₹177.45 crore from ₹171.98 crore at the end of FY26. The interest service coverage ratio declined to 4.27 from 5.17 in the prior quarter, while the debt service coverage ratio fell to 0.64 from 0.69.

The unaudited financial results were reviewed by M/s Vora & Associates, Chartered Accountants, and approved by the Board of Directors in a meeting held on August 12, 2026.

Shalibhadra Finance Limited has appointed Mrs. Megha Singh as its Company Secretary cum Compliance Officer, effective July 9, 2026. The appointment ensures the company remains compliant with regulatory requirements regarding corporate governance and secretarial oversight. The decision was communicated to the stock exchanges with reference to Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mrs. Megha Singh is a qualified Company Secretary and a member of the Institute of Company Secretaries of India (ICSI) holding membership number ACS46779. She possesses experience in the field of compliance. The appointment was made pursuant to Section 203 of the Companies Act, 2013, read with Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Appointment Details

The filing was submitted by Vatsal M. Doshi, Managing Director of Shalibhadra Finance Limited.