Winro Commercial (India) Limited has delivered a strong financial performance for the quarter ended December 31, 2025, marking a significant turnaround from the previous year's corresponding period. The Mumbai-based Non-Banking Financial Company announced its unaudited results following a Board meeting held on February 13, 2026.

Standalone Financial Performance

The company's standalone operations demonstrated remarkable improvement across key financial metrics for Q3FY26:

The revenue composition for Q3FY26 included interest income of ₹688.31 lakhs, dividend income of ₹9.95 lakhs, and significant net gains on fair value changes of ₹2,768.33 lakhs. Total expenses for the quarter were controlled at ₹286.27 lakhs, substantially lower than ₹665.57 lakhs in the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the standalone performance showed consistent strength:

The nine-month period reflected strong operational performance with net gains on fair value changes contributing ₹20,315.28 lakhs to revenue, while interest income reached ₹1,974.90 lakhs.

Consolidated Results

The consolidated financial results, which include the company's associates, showed enhanced performance:

The company's share in profit from associates contributed ₹3,448.16 lakhs for the quarter and ₹14,380.21 lakhs for the nine-month period.

Business Segment Performance

Winro Commercial operates primarily in two business segments. The segment-wise performance for Q3FY26 showed:

Standalone Segment Analysis:

• Investments and trading in shares and securities generated income of ₹2,311.09 lakhs
• Lending activities contributed ₹686.41 lakhs
• Net assets in investments and trading segment stood at ₹2,90,632.31 lakhs

Consolidated Segment Performance:

• Total income from investments and trading reached ₹8,050.16 lakhs
• Combined net assets across all segments totaled ₹3,22,369.00 lakhs

Tax and Other Comprehensive Income

The company's tax expenses for Q3FY26 were ₹626.13 lakhs, comprising current tax of ₹583.48 lakhs and deferred tax of ₹42.65 lakhs. Other comprehensive income showed a negative impact of ₹408.86 lakhs, primarily due to equity instruments through other comprehensive income.

Company Overview

Winro Commercial (India) Limited is a Non-Banking Financial Company registered with the Reserve Bank of India, engaged in investment and trading in shares and securities along with lending activities. The company maintains its registered office at Nariman Point, Mumbai, and operates with a paid-up equity share capital of ₹125.25 lakhs.

Winro Commercial (India) Limited , a prominent player in the financial sector, has made a significant investment in security receipts issued by JCF YES Trust 2025-26. The company announced that it has been allotted 6,51,000 security receipts, representing a substantial 70% of the total issuance.

Investment Details

Transaction Background

The security receipts were issued by JCF YES Trust 2025-26, a trust operating through its trustee, M/s. J.C. Flowers Asset Reconstruction Private Limited. This trust has acquired the debt of M/s. Lily Realty Private Limited, which was originally held by Yes Bank Limited.

Significance of the Investment

This investment marks a strategic move by Winro Commercial, potentially indicating the company's confidence in the underlying assets and its commitment to diversifying its investment portfolio. The substantial stake in the security receipts issuance suggests that Winro sees value in the debt acquisition made by the trust.

Transparency and Compliance

In line with regulatory requirements, Winro Commercial disclosed this information to the BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that this disclosure was made in the interest of transparency, underscoring its commitment to keeping shareholders and the market informed of significant financial moves.

Conclusion

As the financial landscape continues to evolve, Winro Commercial's investment in these security receipts may be seen as a calculated step in navigating the complexities of debt markets and asset reconstruction. Stakeholders and market observers will likely keep a close eye on how this investment performs and its impact on Winro's financial position in the coming years.