United Credit has scheduled its 55th Annual General Meeting for September 28, 2026, to approve financial statements for the fiscal year ended March 31, 2026. The Kolkata-based NBFC reported a net profit of ₹85.67 lakh, a decline from ₹101.39 lakh in the previous year. Revenue from operations fell to ₹310.65 lakh from ₹343.59 lakh.

Financial Performance

The company's profit before tax decreased to ₹108.82 lakh from ₹130.14 lakh in FY25. While interest income on loans rose to ₹252.71 lakh from ₹237.38 lakh, rental income dropped sharply to ₹51.65 lakh against ₹100.34 lakh last year. Total expenses contracted to ₹214.15 lakh from ₹244.29 lakh, driven largely by a reduction in other expenses.

What the Numbers Show

The divergence between rising interest income and falling total revenue highlights a structural shift in earnings mix. Interest income grew by ₹15.33 lakh, yet total revenue declined because rental income contracted by nearly ₹49 lakh. Furthermore, other income plummeted by over 60%, indicating that the bottom-line decline was not solely operational but also driven by lower non-core receipts.

Board and Governance

Mrs. Rashmi Dabriwal, who retires by rotation, seeks re-appointment as a director. She has served since February 2014 and brings experience in corporate banking and real estate. The Board did not recommend any dividend for FY26, citing requirements for day-to-day operations and proposed diversification.

The company voluntarily delisted from the Calcutta Stock Exchange in August 2025 and remains listed only on the BSE. The AGM will be held via video conferencing, with remote e-voting available from September 25 to September 27, 2026.

United Credit Limited reported a standalone net profit of ₹19.38 lakh for the quarter ended June 30, 2026, marking a 22% decline from ₹25.00 lakh in the corresponding period of FY26. The drop in profitability occurred despite a 5% year-on-year rise in revenue from operations to ₹77.86 lakh, as total expenses surged by 21.9% to ₹58.69 lakh. This divergence highlights significant operational cost inflation, with employee benefits and other expenses eroding gains from higher interest income. Shareholders must note that the company’s Board of Directors has scheduled its 55th Annual General Meeting for September 28, 2026, which will be conducted via Video Conferencing or Other Audio-Visual Means (OAVM).

The unaudited financial results were approved by the Board on August 10, 2026, and filed with stock exchanges in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, L.B. Jha & Co. LLP, conducted a limited review in accordance with Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India. The results were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34). The newspaper publication of these results appeared in Financial Express and Ekdin on August 11, 2026.

Financial Performance

Total income for the quarter stood at ₹83.14 lakh, compared to ₹80.05 lakh in Q1FY26. While revenue from operations contracted slightly in percentage terms relative to expense growth, other income rose to ₹5.28 lakh from ₹5.87 lakh in the prior year quarter. Expenses increased sharply to ₹58.69 lakh from ₹48.13 lakh in Q1FY26, largely due to higher employee benefits expenses of ₹19.64 lakh compared to ₹17.97 lakh previously. Profit before tax fell to ₹24.45 lakh from ₹31.92 lakh.

Earnings per equity share (face value ₹10) were ₹0.36, down from ₹0.47 in Q1FY26. Basic and diluted EPS remained identical at ₹0.36 for the current quarter.

Segment Analysis

The financing activity segment generated ₹63.27 lakh in revenue, up 5.7% from ₹59.87 lakh in Q1FY26. However, the segment result before interest and tax declined to ₹62.43 lakh from ₹59.01 lakh in the prior year quarter, reflecting margin pressures. The renting activity segment saw revenue rise slightly to ₹14.59 lakh from ₹12.78 lakh, with segment results improving to ₹3.52 lakh from ₹1.14 lakh.

Unallocable expenses totaled ₹41.50 lakh, a significant increase from ₹28.23 lakh in Q1FY26, contributing to the overall compression in profitability. Total segment assets rose to ₹3,173.16 lakh from ₹3,081.46 lakh in the previous year quarter.

What the Numbers Show

The divergence between rising total income and falling net profit highlights the impact of operational cost inflation. While top-line growth was modestly positive on a year-on-year basis, expense growth outpaced revenue expansion by nearly double the rate. Specifically, employee benefits and other expenses drove the 21.9% surge in total costs, eroding the benefit from higher interest income. This suggests that fixed cost structures are currently absorbing the gains from incremental lending or rental activities.

The Board also approved the convening of the 55th Annual General Meeting on Monday, September 28, 2026, through Video Conferencing or Other Audio-Visual Means (OAVM). The meeting is scheduled to address routine corporate governance matters alongside the adoption of financial statements. Shareholders holding physical shares are requested to update their email addresses and bank mandates with the Registrar and Transfer Agent, MUFG Intime India Private Limited, to participate in e-voting and receive dividends electronically.