Shri Niwas Leasing and Finance Limited reported a net profit of ₹16.33 lakh for the quarter ended June 30, 2026, marking a steep decline from ₹1,049.54 lakh in the same period of the previous fiscal year. The Shri Niwas Leasing and Finance board approved the unaudited financial results on August 12, 2026, following a limited review by statutory auditors VRSK & Associates.

Total income for the quarter fell to ₹25.49 lakh, down from ₹71.91 lakh in Q1FY25. This contraction was primarily driven by interest income, which declined to ₹25.49 lakh from ₹71.91 lakh year-on-year. In contrast, total expenses stood at ₹9.16 lakh, significantly lower than the ₹1,048.83 lakh recorded in the corresponding quarter of FY25, largely due to the absence of impairment charges on financial instruments that had impacted the prior year.

Financial Performance Overview

The company’s earnings per share (basic and diluted) were reported at ₹0.30, compared to ₹238.71 in Q1FY25. For the full financial year ended March 31, 2026, the company logged a net profit of ₹1,059.65 lakh on total income of ₹148.50 lakh.

What the Numbers Show

A key divergence in the current quarter’s performance is the complete absence of impairment charges on financial instruments, which totaled ₹1,048.97 lakh in Q1FY25. While this non-recurring expense reduction contributed to lower total expenses in Q1FY27, it coincided with a 64.6% drop in core interest income. This suggests that while asset quality pressures eased compared to the prior year, the company’s revenue generation capacity has contracted significantly, leading to a near-total erosion of profitability despite the improved expense profile.

The company confirmed that Regulation 32 of the SEBI (LODR) Regulations, 2015, regarding deviations in the use of proceeds from public issues, is not applicable as no such issues were undertaken during the quarter.