Glance Finance Reports Mixed Q2 Results: Net Profit Dips, Total Income Surges

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

Particulars (₹ in Lakhs)	Q2 FY2026	Q1 FY2026	Q2 FY2025	YoY Change
Total Income	948.34	328.16	1,349.11	-29.71%
Total Expenses	880.34	241.05	1,211.17	-27.31%
Net Profit After Tax	6.93	19.81	98.13	-92.93%
Basic EPS (₹)	0.31	0.88	4.35	-92.87%

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:

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

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.61%	-6.80%	-19.91%	+11.90%	-3.44%	+352.50%

Glance Finance Limited has announced plans to significantly increase its stake in Kotson's Private Limited (KPL), a transformer manufacturing company, through a substantial investment of ₹43.51 crore. This strategic move aligns with Glance Finance's investment-focused business model, aimed at generating long-term value and capital appreciation.

Investment Details

The investment will be executed through the acquisition of 5,80,086 equity shares of KPL at ₹75 per share, comprising a face value of ₹10 and a premium of ₹65. This transaction will increase Glance Finance's ownership in KPL from the current 1.07% (1,39,570 shares) to 5.14% (7,19,656 shares), marking a significant expansion of its stake in the transformer manufacturer.

About Kotson's Private Limited

Kotson's Private Limited, incorporated on April 22, 1978, specializes in designing, manufacturing, and supplying advanced transformer solutions. The company's product range includes:

Oil-filled transformers
Dry type transformers
Special purpose transformers
Renewable energy transformers

KPL boasts a production capacity of 4,000 MVA, positioning it as a notable player in the transformer industry.

Financial Performance of KPL

KPL's recent financial performance has shown some fluctuation:

Fiscal Year	Turnover (₹ in Crore)
2023-24	0.00
2022-23	16.45
2021-22	32.51

The company's turnover decreased from ₹32.51 crore in FY 2021-22 to ₹16.45 crore in FY 2022-23, with no reported turnover for FY 2023-24 as of the latest available data.

Transaction Timeline and Compliance

Glance Finance expects to complete this transaction by September 30, 2025, or an extended date as agreed upon by both parties. The company has confirmed that this is not a related party transaction, ensuring compliance with regulatory requirements.

Strategic Alignment

This investment is in line with Glance Finance's core business strategy of undertaking investment activities focused on acquiring and holding equity shares in other companies. The objective is to generate long-term value, achieve capital appreciation, and strategically participate in the growth and development of investee companies, all while adhering to applicable laws and regulatory frameworks.

Chirag Bhuptani, Company Secretary and Compliance Officer of Glance Finance Limited, has officially communicated this development to the BSE Limited, ensuring transparency and adherence to SEBI regulations.

As Glance Finance Limited expands its stake in Kotson's Private Limited, investors and market watchers will be keen to observe how this strategic investment unfolds and potentially impacts both companies' future performance and market positions.