Team India Guaranty FY26 net profit falls 69.5% to ₹71.67 crore
Team India Guaranty reported a 69.5% decline in FY26 net profit to ₹71.67 crore, despite total income rising to ₹549.50 crore. The company posted a net loss of ₹68.57 crore for the quarter ended March 31, 2026, while total expenses surged to ₹410.79 crore. The board appointed Mr. Sanjiv Swarup as an Additional Director and accepted the resignation of Mr. Ashok Anant Paranjpe, alongside approving a registered office shift.
*this image is generated using AI for illustrative purposes only.
Team India Guaranty reported a 69.5% decline in net profit to ₹71.67 crore for the financial year ended March 31, 2026, down from ₹234.70 crore in the previous year. Total income increased to ₹549.50 crore from ₹370.46 crore in FY25, driven by higher interest income which rose to ₹469.65 crore from ₹331.82 crore. The company's net worth stood at ₹4,853.15 crore as of March 31, 2026.
Financial Performance
For the quarter ended March 31, 2026, the company reported a net loss of ₹68.57 crore, compared to a net profit of ₹71.91 crore in the same quarter of the previous year. Total revenue from operations for the quarter was ₹155.51 crore. Total expenses for the year increased significantly to ₹410.79 crore from ₹88.93 crore in the prior year, primarily due to a rise in employee benefit expenses to ₹179.48 crore and other expenses to ₹205.70 crore.
Board and Governance Changes
The Board of Directors appointed Mr. Sanjiv Swarup as an Additional Director in the category of Non-Executive Independent Director for a term of five years effective May 29, 2026, subject to shareholder approval. Mr. Sanjiv Swarup is a qualified Chartered Accountant and Lawyer with over 45 years of experience in corporate governance, management consulting, strategic advisory, and business administration. He is not related to any Director(s) of the Company. Concurrently, Mr. Ashok Anant Paranjpe resigned as Non-Executive Independent Director effective the close of business hours on May 29, 2026, citing increased professional and personal commitments. Following these changes, the board reconstituted its committees, including the Audit Committee and Nomination and Remuneration Committee, effective May 29, 2026.
Operational and Administrative Updates
The board approved the shifting of the registered office from A-602 to A-201, Marathon NextGen Innova, within the same city limits of Lower Parel, Mumbai, effective May 29, 2026. Additionally, M/s Raju and Prasad, Chartered Accountants, were appointed as Internal Auditors for the financial year 2026-27. The statutory auditors, V. B. Goel & Co., issued an unmodified opinion on the audited standalone financial results.
| Financial Metric (₹ in Lakhs) | FY26 | FY25 |
|---|---|---|
| Total Income | 549.50 | 370.46 |
| Total Revenue From Operations | 548.90 | 352.93 |
| Total Expenses | 410.79 | 88.93 |
| Net Profit for the Period | 71.67 | 234.70 |
| Net Worth | 4,853.15 | 4,776.75 |
Historical Stock Returns for Team India Guaranty
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.22% | -0.56% | -1.40% | -19.92% | +45.50% | +395.24% |
What specific factors drove the surge in employee benefit expenses and other expenses, and are these costs expected to normalize in FY27?
How will the company balance the increase in interest income with the rising operational expenses to restore profitability?
What strategic initiatives does the new board composition plan to implement to address the recent financial performance decline?
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