Glance Finance Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing mixed performance across different time periods. The Mumbai-based financial services company reported strong quarterly growth while facing challenges in its nine-month performance compared to the previous year.

Financial Performance Overview

The company's quarterly results demonstrated significant improvement with net profit after tax reaching ₹75.21 lakhs for Q3FY26, marking an impressive 84.59% increase from ₹40.75 lakhs reported in Q3FY25. Total income for the quarter stood at ₹449.68 lakhs compared to ₹593.11 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

The nine-month performance presented a contrasting picture with net profit declining to ₹101.95 lakhs compared to ₹230.28 lakhs in the corresponding period of FY25, representing a 55.71% decrease. Total income for the nine months ended December 31, 2025, was ₹1,726.18 lakhs against ₹2,294.30 lakhs in the previous year.

Revenue Composition and Segment Performance

Glance Finance operates through multiple revenue streams including interest income, fees and commission income, sale of traded goods, and other operating income. The company has structured its operations into two reportable segments for the current quarter: Lending & Investment Division and Non-Strategic Business Division.

The Lending & Investment Division generated revenue of ₹261.36 lakhs in Q3FY26, while the Non-Strategic Business Division contributed ₹188.32 lakhs. For the nine-month period, these segments recorded revenues of ₹992.07 lakhs and ₹734.11 lakhs respectively.

Operational Expenses and Tax Impact

Total expenses for Q3FY26 were ₹338.95 lakhs compared to ₹536.81 lakhs in Q3FY25. The company's tax expenses for the quarter amounted to ₹35.51 lakhs, including current tax of ₹52.38 lakhs and deferred tax benefit of ₹16.87 lakhs.

Comprehensive Income and Other Developments

The company reported other comprehensive income of negative ₹92.35 lakhs for Q3FY26, primarily due to fair value measurement adjustments on investments. This resulted in total comprehensive income of negative ₹17.14 lakhs for the quarter.

The Board of Directors approved these results at their meeting held on February 7, 2026, at the company's registered office. The statutory auditors JMT & Associates issued a qualified review report, noting that provision for gratuity and leave encashment has not been made as per actuarial valuation as required under Ind AS 19.

Glance Finance Limited , a non-banking financial company (NBFC), has released its unaudited financial results for the quarter ended September 30, 2025, revealing a mixed performance with significant changes in key financial metrics.

Financial Highlights

Revenue Breakdown

Glance Finance's total income for Q2 FY2026 stood at ₹948.34 lakh, marking a significant increase from the previous quarter but a decline compared to the same quarter last year. The revenue composition for the quarter was as follows:

• Sale of Traded Goods: ₹729.96 lakh
• Other Operating Income: ₹151.17 lakh
• Fees and Commission Income: ₹55.08 lakh
• Interest Income: ₹11.36 lakh

Profitability and Expenses

Despite the quarter-on-quarter increase in revenue, Glance Finance experienced a substantial decline in net profit after tax, which fell to ₹6.93 lakh in Q2 FY2026 from ₹98.13 lakh in Q2 FY2025. This decline can be attributed to:

1. Increased expenses, particularly in the purchase of traded goods (₹816.92 lakh)
2. Higher depreciation and amortization expenses (₹128.90 lakh)
3. Increased other expenses (₹42.15 lakh)

The company's total expenses for the quarter amounted to ₹880.34 lakh, compared to ₹1,211.17 lakh in the same quarter last year.

Balance Sheet Strength

As of September 30, 2025, Glance Finance's balance sheet showed:

• Total Assets: ₹6,117.72 lakh (up from ₹5,321.22 lakh as of March 31, 2025)
• Total Equity: ₹5,364.43 lakh
• Investments: ₹3,516.80 lakh (a significant increase from ₹2,595.96 lakh at the end of FY2025)

Cash Flow and Liquidity

The company's cash and cash equivalents increased to ₹169.04 lakh as of September 30, 2025, compared to ₹13.67 lakh at the end of the previous fiscal year. This improvement in liquidity position may provide the company with more flexibility for future investments and operations.

Auditor's Note

It's important to note that the statutory auditors have issued a qualified review report. The qualification pertains to the provision for gratuity and leave encashment, which has been made on an estimated basis rather than through actuarial valuation as required under Ind AS 19 "Employee Benefits". The impact of this on the profit and loss statement is not ascertainable.

Conclusion

Glance Finance Limited's Q2 FY2026 results present a complex picture of the company's performance. While there has been a significant increase in total income compared to the previous quarter, the year-on-year decline in profitability and the substantial change in revenue composition suggest that the company may be navigating challenging market conditions or undergoing strategic shifts in its business model.