Kuber Udyog Reports Q1 Profit Surge, Plans NBFC License Surrender
Kuber Udyog Ltd reported a significant increase in Q1 FY2026 financial performance. Revenue from operations grew by 140.02% to Rs 25.25 lakhs, while profit before tax rose by 41.72% to Rs 8.90 lakhs. The company announced plans to surrender its NBFC license as part of a strategic diversification move. New business initiatives include advisory IT services, consulting on banking regulatory matters, non-fund based banking services, and bank relationship management. The company's main business remains investment activity, with no separate reportable segments under Ind-AS 108.
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Kuber Udyog Ltd , a Mumbai-based company, has reported a significant increase in profit and revenue for the first quarter. The company also announced plans to surrender its NBFC license as part of a strategic diversification move.
Financial Performance
Kuber Udyog's unaudited financial results for Q1 show a marked improvement in both profit and revenue:
| Particulars (Rs. in Lakhs) | Q1 FY2026 | Q1 FY2025 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 25.25 | 10.52 | 140.02% |
| Total Expenses | 16.36 | 9.33 | 75.35% |
| Profit Before Tax | 8.90 | 6.28 | 41.72% |
The company's revenue from operations more than doubled to Rs 25.25 lakhs, up from Rs 10.52 lakhs in the same quarter last year, representing a substantial growth of 140.02%. This significant increase in revenue was primarily attributed to the company's new business initiatives.
Profit before tax rose to Rs 8.90 lakhs, marking a 41.72% increase from Rs 6.28 lakhs in the corresponding quarter of the previous year. This growth in profit came despite a 75.35% increase in total expenses, which rose from Rs 9.33 lakhs to Rs 16.36 lakhs.
Strategic Diversification
In a notable development, Kuber Udyog's Board of Directors has taken note of the current status of an application made earlier to surrender the company's NBFC (Non-Banking Financial Company) license. The company stated that it is not accepting any public deposits and has no plans to do so in the future.
As part of its strategic diversification, Kuber Udyog has begun providing a range of new services, including:
- Advisory IT services
- Consulting on banking regulatory matters
- Non-fund based banking services
- Bank relationship management
The company's management expressed confidence that this strategic move would not hamper its revenue and profit growth, as evidenced by the strong Q1 performance.
Business Segment and Accounting Standards
Kuber Udyog clarified that its main business remains investment activity, and as such, there are no separate reportable segments as per Ind-AS 108 on Operating Segment. The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under section 133 of the Companies Act 2013.
Auditor's Review
Bilimoria Mehta & Co, the company's independent auditors, conducted a review of the Q1 results. In their report, they stated 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 other recognized accounting practices and policies.
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting. The results are subject to limited review and will be filed with the stock exchange and made available on the company's website.
As Kuber Udyog continues its strategic shift and shows strong financial performance, investors and stakeholders will be watching closely to see how the company's new business initiatives unfold in the coming quarters.
Historical Stock Returns for Kuber Udyog
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.97% | +5.17% | -10.92% | -17.76% | -17.43% | +2,254.29% |
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