Haryana Capfin Reports 78% Drop in Q1 Net Profit Amid Revenue Decline

1 min read Updated on 11 Aug 2025, 03:37 PM

Reviewed by

Ashish TScanX News Team

Overview

Haryana Capfin Limited, an NBFC, reported a 45.6% decrease in Q1 revenue to Rs. 23.05 lakhs and a 78% drop in net profit to Rs. 4.12 lakhs. EPS fell to Rs. 0.08 from Rs. 0.36 year-over-year. Despite operational challenges, the company recorded significant fair value changes in investments of Rs. 4,876.90 lakhs in other comprehensive income, resulting in a total comprehensive income of Rs. 1,437.05 lakhs. The company maintains a paid-up equity share capital of Rs. 520.87 lakhs and reserves of Rs. 33,217.85 lakhs.

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Haryana Capfin Limited , a Non-Banking Financial Company (NBFC), has released its financial results for the first quarter, revealing a significant decline in both revenue and profitability.

Financial Performance

The company reported a total revenue of Rs. 23.05 lakhs for the quarter, marking a substantial 45.6% decrease from Rs. 42.39 lakhs in the same quarter of the previous year. This decline in revenue has had a pronounced impact on the company's bottom line.

Haryana Capfin's net profit for the quarter stood at Rs. 4.12 lakhs, a sharp 78% drop from Rs. 18.76 lakhs recorded in the corresponding period last year. This decline in profitability is reflected in the company's earnings per share (EPS), which decreased to Rs. 0.08 from Rs. 0.36 year-over-year.

Revenue Breakdown

The company's revenue for the quarter was composed of:

Category	Amount (in lakhs)
Interest income	3.00
Profit on sale of mutual funds	19.88
Other income	0.17

Expenses and Operational Costs

Total expenses for the quarter amounted to Rs. 17.54 lakhs, with employee benefits accounting for the largest portion at Rs. 12.49 lakhs.

Other Comprehensive Income

Despite the decline in operational performance, Haryana Capfin recorded significant fair value changes in investments worth Rs. 4,876.90 lakhs in other comprehensive income. This resulted in a total comprehensive income of Rs. 1,437.05 lakhs for the period.

Financial Position

As of the reporting date, Haryana Capfin maintains:

Paid-up equity share capital: Rs. 520.87 lakhs
Reserves: Rs. 33,217.85 lakhs

Management Approval

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at a meeting held on August 11. The board meeting, which commenced at 2:00 PM, concluded at 3:00 PM.

Auditor's Review

A M A A & Associates, the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and SEBI regulations.

While Haryana Capfin faces challenges in the current quarter with decreased revenue and profitability, the significant fair value changes in investments have contributed positively to its comprehensive income.

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