GDL Leasing & Finance Limited, a prominent player in the leasing and finance sector, has reported a robust performance for the first quarter, showcasing growth in both revenue and profitability.

Financial Highlights

• Total revenue stood at ₹2,594.18 lakhs, marking a 9% increase from ₹2,380.53 lakhs in the previous quarter.
• Profit before tax (PBT) saw a significant jump to ₹16.78 lakhs, up from ₹5.28 lakhs in the previous quarter.
• Profit after tax (PAT) was reported at ₹13.90 lakhs, compared to ₹16.78 lakhs in the previous quarter.
• Earnings per share (EPS) for the quarter was ₹0.34, down from ₹0.84 in the preceding quarter.

Key Financial Metrics

Business Performance

The company's primary revenue driver continues to be interest income from its leasing and finance operations. The growth in total revenue indicates a positive trend in the company's core business activities.

Financial Position

GDL Leasing & Finance Limited reported a net worth of ₹3,212.32 lakhs, reflecting the company's solid financial foundation.

Corporate Governance

The Board of Directors of GDL Leasing & Finance Limited approved these unaudited standalone financial results, demonstrating the company's commitment to timely financial reporting and transparency.

Outlook

While the company has shown growth in revenue and a substantial increase in profit before tax, the slight decrease in profit after tax and earnings per share compared to the previous quarter may warrant attention. Investors and stakeholders may look forward to the company's strategies to maintain growth momentum and improve bottom-line performance in the coming quarters.

GDL Leasing & Finance Limited continues to navigate the dynamic financial services landscape, focusing on its core leasing and finance business to drive growth and create value for its stakeholders.

GDL Leasing & Finance Limited, a company listed on the BSE (Scrip Code: 530855), has announced a significant change in its statutory auditors. The company's Board of Directors, in a meeting held on August 6, 2025, accepted the resignation of M/s. O. Aggarwal & Co, Chartered Accountants, and appointed M/s Jain Akshay & Associates, Chartered Accountants, as the new statutory auditors.

Resignation of M/s. O. Aggarwal & Co

M/s. O. Aggarwal & Co, who were originally appointed for a five-year term covering financial years 2024-25 through 2028-29, tendered their resignation citing pre-occupation with other audit assignments and professional commitments. Their last report submitted was for Q4 FY 2024-25 on May 29, 2025. The Board acknowledged that there were no other reasons for the resignation beyond those mentioned in the resignation letter.

Appointment of New Auditors

Following the recommendation of the Audit Committee, the Board has appointed M/s Jain Akshay & Associates, Chartered Accountants (Firm Reg. No. 040168N), as the new Statutory Auditors. This appointment is effective from August 6, 2025, and is subject to approval by shareholders at the upcoming Annual General Meeting (AGM).

Profile of New Auditors

M/s Jain Akshay & Associates brings over eight years of experience to their new role. They hold a Peer Review Certificate (No: 020372) valid until March 31, 2028. Their expertise spans various areas including:

• Statutory Audit
• Bank Audit
• Income Tax Audit
• GST
• Tax Audit
• Other finance-related services

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The Board has proposed the appointment of M/s Jain Akshay & Associates for a term of 5 years, subject to shareholder approval at the ensuing AGM.

GDL Leasing & Finance Limited has assured that all necessary forms will be filed with the Registrar of Companies in accordance with the applicable provisions of the Companies Act, 2013.

The Board and Audit Committee have expressed their appreciation to M/s. O. Aggarwal & Co for their contribution to the company through their audit processes and adherence to auditing standards during their tenure.