Goenka Business & Finance Reports Revenue Surge Amid Widening Losses in Q2 FY2026
Goenka Business & Finance Limited's Q2 FY2026 results show a significant revenue increase to Rs 3,140.87 crore, up 239% from Q1. However, net losses expanded to Rs 196.86 crore. Total assets stood at Rs 24,699.61 crore, with loans at Rs 15,388.77 crore and investments at Rs 1,239.81 crore. Cash and cash equivalents decreased to Rs 17.11 crore from Rs 91.72 crore at the end of the previous financial year.
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Goenka Business & Finance Limited has released its unaudited financial results for the second quarter and half year ended September 30, 2025, revealing a significant increase in revenue accompanied by expanded losses.
Revenue Growth
The company reported a substantial rise in total revenue from operations, which jumped to Rs 3,140.87 crore in Q2 FY2026, up from Rs 925.30 crore in the previous quarter. This represents a quarter-on-quarter growth of approximately 239%. The surge in revenue was primarily driven by a significant increase in the sale of shares/services, which rose to Rs 2,695.57 crore in Q2 from Rs 368.20 crore in Q1.
Widening Losses
Despite the revenue growth, Goenka Business & Finance posted a net loss of Rs 196.86 crore for Q2 FY2026, compared to a loss of Rs 33.59 crore in Q1. For the half-year period, the cumulative loss stood at Rs 230.44 crore.
Financial Position
As of September 30, 2025, the company's total assets were reported at Rs 24,699.61 crore. The loan portfolio constituted a significant portion of the assets at Rs 15,388.77 crore, while investments stood at Rs 1,239.81 crore.
Liquidity
The company's cash and cash equivalents decreased to Rs 17.11 crore from Rs 91.72 crore at the end of the previous financial year, indicating a reduction in liquid assets.
Key Financial Metrics
| Particulars (in crore) | Q2 FY2026 | Q1 FY2026 | H1 FY2026 |
|---|---|---|---|
| Revenue from Operations | 3,140.98 | 785.30 | 3,926.28 |
| Net Profit/(Loss) | (196.85) | (33.59) | (230.44) |
| Total Assets | 24,699.61 | - | - |
| Loans | 15,388.77 | - | - |
| Investments | 1,239.81 | - | - |
Management Commentary
The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 12, 2025. The company has not provided specific commentary on the factors contributing to the increased losses or strategies to address the financial challenges.
Market Implications
The significant revenue growth coupled with widening losses may raise questions among investors about the company's cost structure and operational efficiency. The decrease in cash and cash equivalents could also be a point of concern regarding the company's liquidity position.
Investors and market analysts may look for further clarification from the management on the company's strategy to achieve profitability and manage its financial resources effectively in the coming quarters.
Historical Stock Returns for Goenka Business & Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.38% | +3.00% | -1.17% | -15.74% | -36.71% | +263.14% |
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