Vedant Asset net profit up 81% in FY26; AGM scheduled for September 26
- Net profit after tax rose 80.6% YoY to ₹40.07 lakh in FY26
- Revenue from operations grew 40.2% to ₹474.81 lakh, driven by brokerage income
- Depreciation expenses fell 81.1% due to fixed asset write-offs
- 11th AGM scheduled for September 26, 2026, via video conferencing
- E-voting window opens on September 22, 2026, for shareholders on record as of September 21
*this image is generated using AI for illustrative purposes only.
Vedant Asset reported an 80.6% year-on-year rise in net profit after tax (PAT) for FY26, reaching ₹40.07 lakh. The financial services firm also confirmed that its 11th Annual General Meeting (AGM) will be held on September 26, 2026, via video conferencing.
The BSE SME-listed company saw revenue from operations grow by 40.2% to ₹474.81 lakh in FY26, compared to ₹338.74 lakh in the previous year. This growth was driven primarily by a 65.5% increase in brokerage and commission income, alongside a more than doubling of business correspondent (BC) collection income.
Financial Performance
Total income rose 29.6% to ₹497.05 lakh. While revenue from operations expanded significantly, other income declined by 50.4% to ₹22.24 lakh due to lower non-cash recognition of BC infrastructure fund income. Total expenses increased by 27.9% to ₹443.28 lakh, largely reflecting higher employee benefit expenses and operational costs associated with network expansion.
| Metric | FY26 (₹ lakh) | FY25 (₹ lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 474.81 | 338.74 | +40.2% |
| Other Income | 22.24 | 44.82 | -50.4% |
| Total Expenses | 443.28 | 346.51 | +27.9% |
| Profit Before Tax | 53.77 | 37.05 | +45.1% |
| Net Profit After Tax | 40.07 | 22.19 | +80.6% |
What the Numbers Show
The divergence between revenue growth and profit growth highlights the impact of accounting adjustments on the bottom line. Depreciation and amortization expenses fell sharply by 81.1% to ₹5.10 lakh from ₹26.93 lakh in FY25, following the write-off of related fixed assets. This reduction in non-cash charges, combined with a lower effective tax rate, contributed significantly to the doubling of net profit despite a modest expansion in net profit margins from 5.79% to 8.06%.
AGM and Corporate Governance
The Board of Directors approved the notice for the AGM on September 4, 2026. Key agenda items include the adoption of the audited financial statements for FY26 and the re-appointment of Lallit Tripathi as Managing Director. Members holding shares as of September 21, 2026, are eligible to vote.
Remote e-voting will be facilitated by Bigshare Services Private Limited. The voting window opens on September 22, 2026, at 9:00 am and closes on September 25, 2026, at 5:00 pm. Shareholders who have not voted remotely may cast their votes during the virtual meeting. The register of members and share transfer books will remain closed from September 22, 2026, to September 26, 2026, inclusive.
Auditor Observations
Statutory auditors N.K. Kejriwal & Co. issued an unqualified opinion on the financial statements. However, they noted that Tax Deducted at Source (TDS) reconciliation with Form 26AS is pending updates and highlighted an outstanding income tax demand for Assessment Year 2021-22, the impact of which has not been accounted for in the current financials.
Historical Stock Returns for Vedant Asset
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -5.87% | 0.0% | +78.11% | +76.33% | 0.0% |
How will the pending TDS reconciliation and outstanding income tax demand for AY 2021-22 impact Vedant Asset's future cash flows and potential regulatory penalties?
Can the company sustain its profit growth trajectory given that FY26 results were significantly boosted by non-cash accounting adjustments like the write-off of fixed assets?
What specific strategies is management implementing to offset the 50.4% decline in other income, particularly regarding the reduction in BC infrastructure fund income?
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