Trustedge Capital reported a net profit of ₹45.32 lakhs for the quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹15.93 lakhs recorded in the corresponding period of FY26. The Ahmedabad-based non-banking financial company (NBFC) saw its revenue from operations surge 248% year-on-year to ₹271.80 lakhs, reflecting robust expansion in core lending activities and fee-based services. This performance underscores the effectiveness of its post-rights issue capital deployment strategy.

The Board of Directors approved the unaudited financial results on July 29, 2026, following a review by the Audit Committee. The statutory auditors, M/s Mahendra N. Shah & Co., issued a limited review report on the quarterly figures. The results were submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, and published in newspapers as per Regulation 47.

Financial Performance

Interest income, the primary revenue driver, increased substantially to ₹241.47 lakhs from ₹55.84 lakhs in the previous year’s quarter. Fee and commission income also doubled to ₹21.47 lakhs from ₹11.50 lakhs. Total income stood at ₹279.14 lakhs, compared to ₹78.06 lakhs in Q1FY26.

Expenses rose to ₹213.80 lakhs from ₹98.75 lakhs, largely due to an increase in employee benefits expense to ₹167.55 lakhs from ₹78.14 lakhs. Finance costs were ₹29.31 lakhs, up from nil in the prior year quarter. Despite the expense increase, the company achieved a profit before tax of ₹65.34 lakhs.

What the Numbers Show

The significant surge in employee benefits expense, which now constitutes over 78% of total expenses, suggests a scaling of operational capacity or staffing levels. This cost structure shift contrasts with the relatively stable depreciation and amortization charges. The turnaround in profitability is primarily driven by top-line growth outpacing the rise in operating costs, with interest income contributing nearly 89% of total revenue from operations.

Key Metrics

Earnings per share (basic) stood at ₹0.49, compared to a loss of ₹0.29 per share in the corresponding quarter of FY26. Diluted EPS was ₹0.47. The company’s paid-up equity share capital remains at ₹922.80 lakhs. Other comprehensive income for the quarter was ₹31.22 lakhs, leading to a total comprehensive income of ₹76.54 lakhs.

Corporate Actions

During the previous fiscal year, Trustedge Capital allotted 33,74,428 equity shares via a rights issue at ₹80 per share, raising ₹2,699.54 lakhs. This has resulted in the restatement of comparative earnings per share figures. Additionally, the Nomination and Remuneration Committee approved the grant of 24,967 stock options under the "TEDGE ESOS 2025" scheme in May 2026.

Trustedge Capital Limited has approved the grant of 8,250 stock options to eligible employees under its Trustedge Employee Stock Option Scheme 2025 (TEDGE ESOS 2025). The Nomination and Remuneration Committee passed the resolution on July 29, 2026, at 3:30 p.m., aiming to align employee interests with the company’s long-term objectives and drive future growth.

The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The move is part of the company’s strategy to compensate and recognize performance while attracting and retaining talent.

Key Details of the Grant

The options are convertible into an equal number of equity shares, each with a face value of ₹10. Under the scheme, the exercise price is set at the face value, as per the provisions of the SEBI (Share Based Employee Benefits) Regulations, 2021.

Vested options may be exercised by grantees within a period of five years from the date of vesting, or such other period as determined by the Committee. The options can be exercised in full within the specified exercise window provided the grantee remains in employment with the company.

Scheme Objectives and Administration

The primary objective of TEDGE ESOS 2025 is to offer employees the opportunity to become shareholders, thereby linking their financial interests to the company’s success. The Committee will administer the scheme and determine pre-defined performance conditions for future grants. If all granted options are vested and exercised, they will result in the issuance of 8,250 additional equity shares.