BFL Asset Finvest Reports Q3FY26 Net Loss of ₹245.73 Crores Despite Revenue Growth
BFL Asset Finvest Limited reported Q3FY26 results with a net loss of ₹245.73 crores, improved from ₹464.78 crores loss in Q3FY25. Revenue from operations surged to ₹779.46 crores from ₹11.95 crores year-on-year. For nine months FY26, the company posted ₹278.23 crores profit versus ₹416.78 crores in the previous year. The company operates in shares, securities, and F&O trading and is classified under RBI's Base Layer NBFC category.

*this image is generated using AI for illustrative purposes only.
BFL Asset Finvest Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with reduced quarterly losses but lower nine-month profits. The Jaipur-based financial services company's board approved these results in a meeting held on January 23, 2026.
Quarterly Financial Performance
The company's Q3FY26 performance showed improvement in loss reduction despite operational challenges. Key quarterly metrics demonstrate significant revenue growth alongside continued losses.
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹779.46 cr | ₹11.95 cr | +6,421% |
| Net Loss | ₹245.73 cr | ₹464.78 cr | -47% |
| Total Income | ₹612.48 cr | ₹13.53 cr | +4,426% |
| Total Expenses | ₹860.40 cr | ₹478.31 cr | +80% |
| Basic EPS | ₹(2.41) | ₹(4.56) | Improved |
The substantial increase in revenue from operations was primarily driven by higher sales of products (₹771.03 crores vs ₹357.81 crores) and improved net gains from futures and options trading (₹3.92 crores vs loss of ₹366.19 crores).
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, the company reported contrasting results compared to quarterly performance. The nine-month figures reflect the company's overall operational trajectory.
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | ₹1,995.09 cr | ₹1,678.68 cr | +19% |
| Net Profit | ₹278.23 cr | ₹416.78 cr | -33% |
| Total Income | ₹1,787.85 cr | ₹1,706.16 cr | +5% |
| Basic EPS | ₹2.73 | ₹4.08 | -33% |
Expense Structure and Cost Management
The company's expense profile reveals significant changes in operational costs. Purchase of stock-in-trade increased to ₹1,173.51 crores in Q3FY26 from ₹669.31 crores in Q3FY25. However, favorable inventory changes provided some relief, with a positive impact of ₹356.51 crores compared to ₹209.38 crores in the previous year.
Employee benefits expenses rose to ₹14.78 crores from ₹7.62 crores, while finance costs increased to ₹14.52 crores from ₹2.87 crores year-on-year.
Business Operations and Regulatory Compliance
BFL Asset Finvest operates primarily in shares, securities, futures and options trading for its own account. The company has been classified under the "Base Layer" category pursuant to the Reserve Bank of India's new NBFC framework issued in November 2025.
The company maintains no subsidiary, associate, or joint venture companies as of December 31, 2025. Its paid-up equity share capital remains stable at ₹1,020.35 crores with a face value of ₹10 per share.
Financial Position and Outlook
The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors on January 23, 2026. The results are subject to limited review by statutory auditors ABSM & Associates, Chartered Accountants. The trading window for company shares will open 48 hours after the declaration of these financial results for directors and key management personnel.
Historical Stock Returns for BFL Asset Finvest
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.42% | -5.38% | -7.68% | -27.20% | -57.55% | -89.24% |




























