Superior Finlease FY26 profit rises, audit flags gaps
Superior Finlease reported a net profit of ₹4.77 lakh for FY26, compared to ₹1.12 lakh in FY25, while revenue from operations declined to ₹34.47 lakh. The Board approved the audited results but deferred a fund-raising proposal pending regulatory approvals. Statutory auditors issued a modified opinion, citing deviations in accrual-based revenue recognition and NPA provisioning norms.

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Superior Finlease reported a net profit of ₹4.77 lakh for the financial year ended March 31, 2026, an increase from ₹1.12 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹34.47 lakh, a decline from ₹64.12 lakh in FY25. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026.
Financial Performance
For the quarter ended March 31, 2026, the company recorded a net profit of ₹1.81 lakh, compared to a loss of ₹7.81 lakh in the corresponding quarter of the previous year. Total income for Q4FY26 was ₹13.25 lakh, while total expenses stood at ₹11.39 lakh. The paid-up equity share capital increased to ₹510.81 lakh in FY26 from ₹432.60 lakh in FY25 following a preferential allotment of equity shares.
Auditor's Observations
The statutory auditors, R.C. Agarwal & Company, issued an audit report with a modified opinion. The auditors noted that the company has not recognized revenue in the books of accounts on an accrual basis and that the provision for Non-Performing Asset (NPA) accounts has not been created as per applicable RBI prudential norms. The Board acknowledged these observations and stated that appropriate corrective measures would be undertaken in due course.
Fund Raising Proposal Deferred
The Board considered a proposal to raise funds through permissible modes, including a rights issue, preferential allotment, or qualified institutional placement. However, the matter was deferred pending in-principle approval from BSE Limited regarding funds previously raised through a preferential issue and ongoing internal deliberations.
Key Financial Metrics
| Metric | FY26 (₹ in lacs) | FY25 (₹ in lacs) |
|---|---|---|
| Revenue from Operations | 34.47 | 64.12 |
| Total Income | 36.70 | 64.12 |
| Total Expenses | 30.85 | 62.57 |
| Net Profit for the Period | 4.77 | 1.12 |
| Earnings Per Share (Basic) | 0.01 | 0.00 |
Historical Stock Returns for Superior Finlease
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -10.47% | -21.03% | +5.48% | -0.65% | -91.78% |
What specific timeline has the Board set for implementing the corrective measures regarding revenue recognition and NPA provisioning?
How will the pending in-principle approval from BSE Limited impact the company's ability to execute future fund-raising proposals?
What strategic initiatives will the company undertake to reverse the decline in revenue from operations seen in FY26?






























