E & E Enterprises Reports Strong Q2 Profit Growth, Exits NBFC Business
E & E Enterprises Limited, formerly Swastik Safe Deposit & Investments, reported a 233.47% year-on-year increase in net profit for Q2 FY2025-26, rising to Rs. 16.64 lakhs. The company's total income grew by 3.77% to Rs. 25.04 lakhs, while expenses decreased by 55.85%. E & E Enterprises has transitioned from an NBFC to focus on hospitality and real estate sectors, following the voluntary surrender of its NBFC registration. The company's name change became effective on October 16, 2025. With total assets of Rs. 64,333.66 lakhs, E & E Enterprises is well-positioned for its new business ventures.
*this image is generated using AI for illustrative purposes only.
Swastik Safe Deposit & Investments , now known as E & E Enterprises Limited, has reported a significant increase in net profit for the second quarter of the financial year 2025-26. The company, which recently exited the Non-Banking Financial Company (NBFC) sector, is now focusing on new business ventures in the hospitality and real estate sectors.
Financial Performance
For the quarter ended September 30, 2025, E & E Enterprises reported the following financial results:
| Particulars (in Rs. Lakhs) | Q2 FY2025-26 | Q2 FY2024-25 | YoY Change |
|---|---|---|---|
| Total Income | 25.04 | 24.13 | 3.77% |
| Total Expenses | 2.53 | 5.73 | -55.85% |
| Profit Before Tax | 22.51 | 18.40 | 22.34% |
| Net Profit After Tax | 16.64 | 4.99 | 233.47% |
The company's net profit saw a remarkable year-on-year increase of 233.47%, rising from Rs. 4.99 lakhs in Q2 FY2024-25 to Rs. 16.64 lakhs in Q2 FY2025-26. This substantial growth in profitability was primarily driven by a significant reduction in expenses, which decreased by 55.85% compared to the same quarter last year.
Half-Year Performance
For the half-year ended September 30, 2025, E & E Enterprises reported:
- Total income of Rs. 50.39 lakhs, compared to Rs. 44.71 lakhs in the previous year
- Net profit after tax of Rs. 32.08 lakhs, up from Rs. 28.17 lakhs in the corresponding period last year
Business Transition
E & E Enterprises has undergone a significant transformation in its business model. Key developments include:
- Voluntary surrender of its Certificate of Registration (CoR) as an NBFC to the Reserve Bank of India (RBI)
- RBI's cancellation of the CoR on July 24, 2025
- Amendment of the company's Memorandum of Association (MOA) and Articles of Association (AOA) to reflect new business objectives
- Change of company name from The Swastik Safe Deposit & Investments Limited to E & E Enterprises Limited, effective October 16, 2025
New Business Focus
The company has pivoted its business focus towards the hospitality and real estate sectors. Its new objectives include:
- Acquiring, managing, and operating hotels, restaurants, cafes, and rest houses
- Dealing in movable and immovable properties for development, investment, leasing, or resale
Financial Position
As of September 30, 2025, E & E Enterprises reported:
- Total assets of Rs. 64,333.66 lakhs
- Equity share capital of Rs. 24.00 lakhs
- Other equity of Rs. 64,309.06 lakhs
The company's strong financial position provides a solid foundation for its new business ventures in the hospitality and real estate sectors.
E & E Enterprises Limited's transition from an NBFC to a hospitality and real estate-focused company, coupled with its impressive financial performance, signals a new chapter in the company's history. As the company navigates this strategic shift, investors and stakeholders will be keenly watching how it leverages its strong financial position to establish itself in its new business domains.
Historical Stock Returns for Swastik Safe Deposit & Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | -100.00% | -100.00% | -100.00% | -100.00% |
18
