Shri Niwas Leasing posts ₹10,596.5 cr PAT in FY26, approves ₹1,165 cr NCPS
- Shri Niwas Leasing reported a PAT of ₹105,964.56 lakh in FY26, reversing a loss of ₹116,360.56 lakh in FY25
- Profit turnaround driven by ₹105,943.44 lakh reversal in impairment allowances on financial instruments
- Board approved issuance of 46.6 crore unlisted NCPS at ₹25 per share to raise ~₹1,165 crore
- Total income rose 137.8% YoY to ₹148.50 lakh from ₹62.45 lakh
- 41st AGM scheduled for September 22, 2026, to approve capital restructuring and director reappointment
*this image is generated using AI for illustrative purposes only.
Shri Niwas Leasing and Finance reported a profit after tax of ₹105,964.56 lakh for the financial year ended March 31, 2026, marking a significant turnaround from the loss of ₹116,360.56 lakh recorded in FY25. The company’s total income rose to ₹148.50 lakh from ₹62.45 lakh in the previous year.
The Board of Directors approved the audited financial statements and scheduled the 41st Annual General Meeting (AGM) for September 22, 2026. A key agenda item is the issuance of unlisted non-convertible preference shares (NCPS) to augment long-term financial resources.
Financial Performance
The company’s profit before tax stood at ₹105,975.62 lakh, compared to a loss of ₹116,360.43 lakh in FY25. This improvement was driven by a reversal in impairment allowances on financial instruments, which showed a credit of ₹105,943.44 lakh against a debit of ₹116,365.75 lakh in the prior year. Revenue from operations increased to ₹148.48 lakh from ₹62.45 lakh.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Total Income | ₹148.50 lakh | ₹62.45 lakh | +137.8% |
| Profit Before Tax | ₹105,975.62 lakh | (₹116,360.43) lakh | Turnaround |
| Profit After Tax | ₹105,964.56 lakh | (₹116,360.56) lakh | Turnaround |
Capital Restructuring and NCPS Issue
The board approved the reclassification of authorized share capital to facilitate the issuance of 46,60,00,000 unlisted 1% Non-Convertible Preference Shares (NCPS). The shares will be issued on a preferential basis at a premium of ₹15 per share, aggregating to ₹25 per NCPS. The total potential raise amounts to approximately ₹1,165 crore.
The proposed allottees include Blue Bell Finance Ltd, Edoptica Retail India Ltd, Intellectual Finvest Private Ltd, Shanta Agencies Pvt Ltd, and Twinkle Mercantile & Credits Pvt. Ltd. The NCPS are redeemable within 20 years and carry a dividend rate of 1% per annum.
Governance and AGM Details
Ms. Rajni Tanwar, Managing Director, retires by rotation and offers herself for re-election. The company also seeks approval for the appointment of M/s B Kaushik & Associates as Secretarial Auditor for a four-year term from FY27 to FY30. The cut-off date for determining member eligibility for voting is September 14, 2026.
What the Numbers Show
The substantial profit in FY26 is primarily attributable to the reversal of impairment provisions rather than operational revenue growth. While revenue from operations grew modestly to ₹148.50 lakh, the reversal of ₹105,943.44 lakh in impairment allowances on financial instruments drove the bottom line into positive territory. This highlights a significant adjustment in asset valuation rather than an expansion in core lending or trading activities.
Historical Stock Returns for Shri Niwas Leasing and Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.88% | -23.28% | +17.59% | 0.0% | 0.0% | 0.0% |
How sustainable is the FY26 profit given that it was driven primarily by a one-time reversal of impairment allowances rather than core operational revenue growth?
What strategic rationale does Shri Niwas Leasing have for raising ₹1,165 crore via low-yield (1%) Non-Convertible Preference Shares instead of equity or debt instruments?
Will the infusion of long-term capital through the NCPS issue enable the company to expand its lending portfolio or reduce its non-performing asset ratios in the upcoming fiscal year?
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