Haryana Financial Corporation announced its unaudited financial results for the quarter ended December 31, 2025, showcasing a remarkable turnaround in financial performance. The corporation reported a net profit of ₹8.56 crores for Q3 FY26, representing a significant improvement from the net loss of ₹0.59 crores recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The corporation's financial metrics demonstrated substantial improvement across key parameters during the quarter:

Nine-Month Performance

For the nine-month period ended December 31, 2025, Haryana Financial Corporation maintained its positive trajectory:

Revenue and Cost Structure

The corporation's revenue composition showed a dramatic shift with income from operations contributing ₹9.99 crores in Q3 FY26, compared to zero in the previous year's corresponding quarter. Other miscellaneous income remained relatively stable at ₹0.54 crores versus ₹0.59 crores in Q3 FY25.

Operational expenditure increased marginally to ₹1.23 crores from ₹1.16 crores year-on-year. Staff costs decreased to ₹0.97 crores from ₹1.04 crores, while other expenditures rose to ₹0.25 crores from ₹0.12 crores in the same period.

Corporate Developments

The Board of Directors approved these financial results during their meeting held on February 12, 2026, which commenced at 11:00 AM and concluded at 11:50 AM. The corporation maintains a paid-up equity share capital of ₹207.66 crores with a face value of ₹10 per share.

During the quarter, the corporation paid ₹5.17 crores to the State Government as minimum guaranteed dividend payable up to FY 2000-01. The company's shareholding structure remains unchanged with promoters holding 99.36% and public shareholders maintaining 0.64% of the total share capital.

Ongoing Corporate Action

The corporation continues with its recommendation to the State Government for winding up under Section 45 of the SFCs Act 1951. The State Government has decided to delist the corporation's shares from the Bombay Stock Exchange, with the delisting process currently underway. The auditors have highlighted this as a material uncertainty that may cast significant doubt on the corporation's ability to continue as a going concern.

Haryana Financial Corporation (HFC) has reported a net loss of Rs 0.33 crore for the quarter ended September 30, 2025, according to its latest financial results. This loss represents a slight increase from the Rs 0.28 crore loss recorded in the previous quarter. The corporation's financial situation continues to be challenging, with several significant developments impacting its future.

Financial Performance

HFC's total income for the quarter decreased to Rs 0.54 crore from Rs 0.64 crore in the prior quarter. The financial results, approved by the Board of Directors on November 13, 2025, reveal a concerning trend in the corporation's operations.

Winding Up and Delisting Process

In a significant move, HFC has recommended to the State Government for winding up/liquidation under section 45 of the State Financial Corporations (SFCs) Act, 1951. This recommendation underscores the severe financial challenges faced by the corporation.

Furthermore, the State Government has decided to delist HFC's shares from the Bombay Stock Exchange. This process is currently underway, marking a potential end to the corporation's status as a publicly traded entity.

Asset Quality and Shareholding

The corporation maintains a Gross Non-Performing Asset (NPA) ratio of 100% and a Net NPA ratio of 0%, indicating severe asset quality issues. The shareholding pattern shows that the promoter and promoter group hold 99.36% of shares, while public shareholding stands at a mere 0.64%.

Auditor's Concerns

The auditors have noted a material uncertainty regarding HFC's ability to continue as a going concern. This assessment is based on the ongoing winding up recommendation and the delisting process, which cast significant doubt on the corporation's future operations.

Outlook

The financial results and recent developments paint a challenging picture for Haryana Financial Corporation. The winding up recommendation, coupled with the delisting process and poor financial performance, suggests that the corporation may be facing significant operational challenges.

Stakeholders, including the small percentage of public shareholders, will need to closely monitor further announcements regarding the winding up process and potential implications for their investments.