Shikhar Leasing & Trading reported a net profit of ₹7.65 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a significant turnaround from the ₹32.74 lakh net loss recorded in the previous quarter. The Mumbai-based finance company saw its total revenue rise to ₹25.23 lakh, up from ₹23.62 lakh in Q4FY25.

The Board of Directors approved the unaudited standalone financial results on August 13, 2026. The figures were subjected to a limited review by M/s A D V & Associates, the company's statutory auditors, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations increased modestly in the current quarter. Interest income, the primary revenue driver, rose to ₹18.95 lakh from ₹17.34 lakh in the prior period. Rental income remained stable at ₹6.29 lakh. Other income contributed a negligible ₹0.06 lakh.

Expenses contracted sharply compared to the previous quarter, falling to ₹16.72 lakh from ₹61.57 lakh. This reduction was primarily driven by a drop in employee benefits, which stood at ₹11.26 lakh versus ₹46.76 lakh in Q4FY25. Finance costs increased slightly to ₹0.96 lakh from ₹0.71 lakh. Depreciation and amortisation expenses were ₹0.67 lakh.

The company incurred a current tax expense of ₹1.11 lakh but benefited from deferred tax credits of ₹0.18 lakh, resulting in a net tax provision that reduced the pre-tax profit to the final net profit figure.

What the Numbers Show

The profitability swing in Q1FY26 was largely non-operational in nature regarding cost structure. While interest income grew by just 9.3% sequentially, total expenses plummeted by nearly 73% quarter-on-quarter. This divergence suggests the prior quarter’s loss was driven by specific, likely one-off, employee benefit costs rather than a structural decline in core leasing operations. Excluding these volatile expense items, the underlying operating margin appears stable relative to Q1FY25, where net profit was ₹9.40 lakh against similar revenue levels.

Shareholder Metrics

Earnings per equity share stood at ₹0.60 for the quarter, compared to a loss of ₹2.62 per share in the preceding period and earnings of ₹0.74 per share in Q1FY25. The paid-up share capital remains unchanged at ₹1,27,72,600.

Shikhar Leasing & Trading Limited shareholders have unanimously approved the adoption of audited financial statements for FY26 and the re-appointment of director Vipul Popatlal Chheda at the company’s 42nd Annual General Meeting (AGM). The consolidated voting results, declared on July 31, 2026, show that both ordinary resolutions passed with 100% support from all votes polled, reflecting strong shareholder alignment with the Board’s proposals.

The AGM was held on July 30, 2026, at the company’s registered office in Mumbai. The proceedings were conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. M/s D. Kothari & Associates, a firm of Practising Company Secretaries, served as the scrutinizer for the remote e-voting and ballot processes.

Voting Results

A total of 11 members participated in the voting process, representing 664,980 shares out of 1,277,260 outstanding shares on the record date of July 23, 2026. This represents a participation rate of 52.06%. The promoter group held 907,580 shares, while public non-institutional investors held 369,680 shares.

Both resolutions received full support from the promoter group, which cast 664,180 votes. Public non-institutional shareholders contributed 800 votes, also entirely in favour. No votes were cast against either resolution, and no invalid votes were recorded.

Governance and Process Details

The remote e-voting window operated from July 27, 2026, to July 29, 2026. Members attending the physical meeting who had not voted remotely exercised their rights via ballot paper or e-voting during the meeting. The e-voting facility remained open for an additional 10 minutes after the meeting concluded at 2:25 p.m. to accommodate late arrivals.

Vipul Popatlal Chheda, DIN: 00297838, retires by rotation and offered himself for re-appointment. His re-appointment ensures continuity in leadership as the company moves into the next fiscal year. The Statutory Auditor and Secretarial Auditor were present during the AGM to address any queries regarding the audited reports.

The company has published the Consolidated Scrutinizer’s Report on its website and communicated the results to BSE Limited. Vidhi Deep Shah, Company Secretary & Compliance Officer, signed off on the proceedings document.