V.B. Desai Financial Services Limited has delivered robust financial performance for the third quarter of FY26, reporting a significant 53.3% year-on-year increase in net profit to ₹22.15 lakhs. The Category I Merchant Banker, registered with SEBI under registration number INM 000002731, announced these results following a Board meeting held on 5th February 2026.

Strong Quarterly Performance

The company's financial metrics for the quarter ended 31st December 2025 demonstrate solid growth across key parameters. Total income for the quarter reached ₹84.53 lakhs, representing a 13.8% increase from ₹74.31 lakhs in the corresponding quarter of the previous year.

Exceptional Nine-Month Results

The company's nine-month performance has been particularly impressive, with net profit surging 83.0% to ₹66.31 lakhs compared to ₹36.24 lakhs in the corresponding period last year. Revenue from operations for the nine-month period increased 4.3% to ₹221.43 lakhs from ₹212.25 lakhs.

Operational Efficiency and Cost Management

The company maintained effective cost control during the quarter, with total expenses decreasing to ₹54.36 lakhs from ₹57.82 lakhs in Q3FY25. Employee benefit expenses remained relatively stable at ₹14.49 lakhs compared to ₹13.87 lakhs in the previous year. Other expenses decreased to ₹39.73 lakhs from ₹43.82 lakhs, contributing to improved profitability.

Earnings Per Share and Capital Structure

Earnings per share for the quarter stood at ₹0.49, up from ₹0.32 in Q3FY25. For the nine-month period, EPS increased significantly to ₹1.47 from ₹0.80 in the corresponding period last year. The company's paid-up equity share capital remained unchanged at ₹453.81 lakhs, with a face value of ₹10 per share.

Regulatory Compliance and Audit Opinion

The unaudited standalone financial results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. N.S. Shetty & Co., Chartered Accountants, provided an unmodified opinion on the financial results, confirming compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 11:30 AM and concluded at 12:10 PM, with Managing Director Pradip R. Shroff signing off on the results.

VB Desai Financial Services Limited, a player in the financial services sector, has released its unaudited standalone financial results for the quarter ended September 30, 2025. The company reported a mixed performance, with significant revenue growth but a decline in net profit compared to the same period last year.

Financial Highlights

Key Points

Revenue Surge

VB Desai Financial Services witnessed a substantial increase in revenue from operations, which rose to ₹50.22 lakhs from ₹16.35 lakhs in the same quarter last year, marking a significant growth of 207.2%.

Profit Decline

Despite the revenue growth, the company's net profit for Q2 2025 decreased to ₹24.79 lakhs, compared to ₹32.69 lakhs in Q2 2024, representing a 24.2% decline.

Half-Year Performance

For the six-month period, the company reported improved results with net profit rising to ₹45.07 lakhs, up from ₹37.17 lakhs in the previous year.

Asset Position

As of September 30, 2025, VB Desai Financial Services' total assets stood at ₹1,302.85 lakhs.

Corporate Governance

The Board of Directors of VB Desai Financial Services Limited approved these unaudited standalone financial results at their meeting held on November 5, 2025. The company's commitment to transparency is evident as they promptly disclosed these results in compliance with SEBI regulations.

Auditor's Review

The company's auditors, N S Shetty & Co Chartered Accountants, 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 statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

While VB Desai Financial Services has shown impressive revenue growth, the decline in quarterly profits may warrant attention from investors and analysts. The company's ability to translate increased revenue into bottom-line growth could be a key focus area in the coming quarters.