Explicit Finance Limited Reports Q2 FY26 Loss and Director Resignation
Explicit Finance Limited reported a net loss of Rs. 10.79 lacs for Q2 FY26, compared to a profit of Rs. 3.67 lacs in Q2 FY25. Total income increased to Rs. 81.68 lacs from Rs. 76.91 lacs year-over-year. The company's half-yearly results showed a reduced loss of Rs. 0.86 lacs. Independent Director Mr. Pushparaj Mayekar resigned from the board. As of September 30, 2025, the company reported total assets of Rs. 793.92 lacs and negative other equity of Rs. 137.17 lacs.
*this image is generated using AI for illustrative purposes only.
Explicit Finance Limited has reported its financial results for the quarter and half-year ended September 30, 2025, along with a significant change in its board composition. The company's performance and governance update were disclosed in a recent board meeting held on November 14, 2025.
Financial Performance
The company's unaudited financial results for Q2 FY26 reveal a challenging quarter:
| Particulars (Rs. in Lacs) | Q2 FY26 | Q2 FY25 | H1 FY26 | H1 FY25 |
|---|---|---|---|---|
| Total Income | 81.68 | 76.91 | 170.95 | 318.91 |
| Total Expenses | 92.47 | 173.24 | 171.81 | 324.75 |
| Profit/(Loss) before tax | (10.79) | 3.67 | (0.86) | (5.84) |
| Net Profit/(Loss) | (10.79) | 3.67 | (0.86) | (5.84) |
Explicit Finance Limited experienced a significant downturn in its quarterly performance, reporting a net loss of Rs. 10.79 lacs for Q2 FY26, compared to a profit of Rs. 3.67 lacs in the same quarter of the previous year. The half-yearly results also showed a loss of Rs. 0.86 lacs, an improvement from the Rs. 5.84 lacs loss reported in H1 FY25.
Revenue Breakdown
The company's revenue streams for Q2 FY26 included:
- Interest Income: Rs. 18.72 lacs
- Dividend Income: Rs. 0.20 lacs
- Sale of Shares and Securities: Rs. 62.71 lacs
Operational Highlights
- Total revenue from operations increased to Rs. 81.63 lacs in Q2 FY26 from Rs. 76.31 lacs in Q2 FY25.
- Purchases of stock-in-trade amounted to Rs. 63.81 lacs, down from Rs. 159.98 lacs in the corresponding quarter of the previous year.
- Employee benefits expenses remained relatively stable at Rs. 3.73 lacs compared to Rs. 3.64 lacs in Q2 FY25.
Board Changes
The company announced the resignation of Mr. Pushparaj Mayekar (DIN: 07759328) from his position as an Independent Director. This change in the board composition may have implications for the company's governance structure and decision-making processes.
Financial Position
As of September 30, 2025, Explicit Finance Limited reported:
- Total Assets: Rs. 793.92 lacs
- Equity Share Capital: Rs. 926.76 lacs
- Other Equity: Rs. (137.17) lacs
The negative other equity figure indicates accumulated losses, which may be a concern for investors and stakeholders.
Auditor's Review
GMCS & Co., Chartered Accountants, conducted a limited review of the financial results. The auditors stated that nothing has come to their attention that causes them to believe that the financial statements are not prepared in accordance with applicable accounting standards and SEBI regulations.
Outlook
Explicit Finance Limited faces challenges with its current financial performance. The company's management will need to focus on strategic initiatives to address the loss-making trend and improve shareholder value. The resignation of an Independent Director adds an element of change to the company's governance structure.
Investors and stakeholders may want to monitor the company's future announcements and financial reports to assess its performance and strategic direction.
Historical Stock Returns for Explicit Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.83% | +4.62% | +21.35% | +48.66% | +43.76% | +645.12% |
15
