Oswal Leasing Limited Reports Wider Q3 FY26 Loss of ₹1.27 Lakhs
Oswal Leasing Limited reported deteriorating financial performance for Q3 FY26 with net losses widening to ₹1.27 lakhs from ₹1.02 lakhs year-on-year. Interest income declined marginally to ₹3.19 lakhs while expenses increased to ₹4.45 lakhs. The nine-month period showed more significant challenges with losses nearly doubling to ₹3.46 lakhs from ₹1.76 lakhs, primarily due to higher employee benefit expenses and stable but insufficient interest income to cover operational costs.
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Oswal Leasing Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing continued operational challenges with widening losses across both reporting periods. The Board of Directors approved these results during their meeting held on February 11, 2026.
Quarterly Financial Performance
The company's financial performance for Q3 FY26 showed deterioration compared to the previous year. Interest income, which constitutes the company's entire operational revenue, declined to ₹3.19 lakhs from ₹3.26 lakhs in Q3 FY25.
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Interest Income | ₹3.19 lakhs | ₹3.26 lakhs | -2.15% |
| Total Expenses | ₹4.45 lakhs | ₹4.28 lakhs | +3.97% |
| Net Loss | ₹1.27 lakhs | ₹1.02 lakhs | +24.51% |
| Basic EPS | -₹0.25 | -₹0.20 | -25.00% |
Nine-Month Performance Analysis
The nine-month period ending December 31, 2025, revealed more pronounced challenges for the company. While interest income remained relatively stable, the significant increase in expenses led to substantially higher losses.
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Interest Income | ₹10.73 lakhs | ₹10.84 lakhs | -1.01% |
| Employee Benefits | ₹7.95 lakhs | ₹6.79 lakhs | +17.08% |
| Other Expenses | ₹6.25 lakhs | ₹5.82 lakhs | +7.39% |
| Net Loss | ₹3.46 lakhs | ₹1.76 lakhs | +96.59% |
Expense Structure and Cost Management
The company's expense profile shows increased pressure on profitability. Employee benefit expenses rose to ₹2.50 lakhs in Q3 FY26 from ₹2.21 lakhs in Q3 FY25, while other expenses decreased slightly to ₹1.95 lakhs from ₹2.07 lakhs. The company maintained zero finance expenses across all reporting periods.
Capital Structure and Regulatory Compliance
Oswal Leasing Limited maintains a paid-up equity share capital of ₹50.00 lakhs, consisting of shares with a face value of ₹10 each. The company's reserves, excluding revaluation reserves, stood at ₹229.82 lakhs as per the previous year's balance sheet. The financial results have been prepared in accordance with Indian Accounting Standards 34 and comply with SEBI regulations.
Audit and Governance
The unaudited financial results were reviewed by the company's Audit Committee and approved by the Board of Directors. M/s V.V. Bhalla & Co., Chartered Accountants, the company's statutory auditors, conducted a limited review of the financial statements and found no material misstatements in the disclosure requirements under SEBI regulations.
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