Brilliant Portfolios Limited submitted its unaudited financial results for the quarter and half year ended September 30, 2026 to the Bombay Stock Exchange Limited. The disclosure was made pursuant to Regulation 30 and 33 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the financial results at its meeting held on Friday, 13 November 2026, which commenced at 12:15 PM and concluded at 12:45 PM. The results were reviewed by the Audit Committee and approved by the Board, with a limited review report issued by the statutory auditors, V.P. Jain & Associates.

Financial Performance (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹95.76 lakh, consisting solely of Interest Income (₹95.76 lakh)
  • Other Income: ₹0.21 lakh (Interest on FDR: ₹0.14 lakh, Reversal of provision for standard assets: ₹0.07 lakh)
  • Total Income: ₹95.97 lakh
  • Total Expenses: ₹93.30 lakh
  • Employee Benefit Expenses: ₹3.00 lakh
  • Finance Cost: ₹76.74 lakh
  • Listing and other Fees and Commission Expenses: ₹0.96 lakh
  • Depreciation, Amortization and Impairment: ₹1.37 lakh
  • Other Expenses (Including Director's Remuneration): ₹11.23 lakh
  • Profit Before Tax: ₹2.67 lakh
  • Tax Expenses: ₹0.67 lakh (Current Tax: ₹0.75 lakh, Deferred Tax: ₹(0.08) lakh credit)
  • Profit for the Period: ₹2.00 lakh
  • Earnings Per Share (Basic and Diluted): ₹0.06

Financial Performance (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹192.84 lakh (Interest Income: ₹192.84 lakh)
  • Other Income: ₹0.42 lakh (Interest on FDR: ₹0.28 lakh, Reversal of provision for standard assets: ₹0.14 lakh)
  • Total Income: ₹193.26 lakh
  • Total Expenses: ₹159.14 lakh
  • Employee Benefit Expenses: ₹6.00 lakh
  • Finance Cost: ₹126.73 lakh
  • Listing and other Fees and Commission Expenses: ₹1.92 lakh
  • Depreciation, Amortization and Impairment: ₹2.73 lakh
  • Other Expenses (Including Director's Remuneration): ₹21.76 lakh
  • Profit Before Tax: ₹34.12 lakh
  • Tax Expenses: ₹8.57 lakh (Current Tax: ₹8.73 lakh, Deferred Tax: ₹(0.16) lakh credit)
  • Profit for the Period: ₹25.55 lakh
  • Earnings Per Share (Basic and Diluted): ₹0.82

Comparative Performance

Quarter Comparison (Q2 FY27 vs Q2 FY26):

  • Interest Income increased from ₹74.39 lakh to ₹95.76 lakh (28.7% growth)
  • Finance Cost increased from ₹39.36 lakh to ₹76.74 lakh (94.9% increase)
  • Profit for the period increased from ₹14.62 lakh to ₹2.00 lakh

Quarter Comparison (Q2 FY27 vs Q1 FY27):

  • Interest Income decreased from ₹97.08 lakh to ₹95.76 lakh
  • Finance Cost increased from ₹49.99 lakh to ₹76.74 lakh (53.5% increase)
  • Profit for the period decreased from ₹23.55 lakh to ₹2.00 lakh (91.5% decrease)

Balance Sheet Position (As at September 30, 2026)

  • Total Assets: ₹3,435.36 lakh (compared to ₹3,709.36 lakh as at March 31, 2026)
  • Financial Assets: ₹3,321.35 lakh
  • Cash and Cash Equivalents: ₹166.39 lakh
  • Bank Balances Other Than Cash Equivalents: ₹9.07 lakh
  • Loans: ₹3,080.10 lakh
  • Other Financial Assets: ₹65.79 lakh
  • Non-Financial Assets: ₹114.01 lakh
  • Current Tax Assets (Net): ₹10.55 lakh
  • Deferred Tax Assets (Net): ₹4.47 lakh
  • Property, Plant and Equipment: ₹15.04 lakh
  • Other Non Financial Assets: ₹83.95 lakh
  • Total Liabilities and Equity: ₹3,435.36 lakh
  • Financial Liabilities: ₹2,290.27 lakh
  • Borrowings (Other Than Debt Securities): ₹2,183.00 lakh
  • Other Financial Liabilities: ₹107.27 lakh
  • Non-Financial Liabilities: ₹126.11 lakh (Other Non-Financial Liabilities)
  • Equity: ₹1,018.98 lakh
  • Equity Share Capital: ₹310.18 lakh (Face value of ₹10 each)
  • Other Equity: ₹708.80 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Profit Before Tax: ₹34.12 lakh
  • Net Cash Flow from Operating Activities: ₹46.35 lakh
  • Net Cash Flow from Investing Activities: Not quantified (shown as blank/not applicable)
  • Net Cash Flow from Financing Activities: ₹(115.00) lakh (Borrowings other than Debt Securities Issued/Repaid)
  • Net Decrease in Cash and Cash Equivalents: ₹(68.65) lakh
  • Cash and Cash Equivalents at Beginning: ₹235.04 lakh
  • Cash and Cash Equivalents at End: ₹166.39 lakh

Notes to Financial Results

1. The company is engaged in Non-Banking Financial Company (NBFC) business, with all activities carried out within India and no other reportable segments as per Ind AS 108.

2. Other financial assets include an outstanding balance of an interest-free advance of ₹72 lakh given in earlier years for a project that did not materialize. Management is hopeful that the amount will be recovered in the current financial year.

3. Other non-financial liabilities include ₹110 lakh interest-free amount received in earlier years toward future projects that did not materialize. In the absence of a specific agreement, management certifies that the amount will be refunded in the current financial year.

4. Figures from previous periods have been regrouped/rearranged wherever necessary for comparability.

5. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and relevant RBI guidelines for NBFCs.

Auditor's Limited Review Report

V.P. Jain & Associates, Chartered Accountants, issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results:

  • Contain any material misstatement
  • Have not been prepared in accordance with Ind AS 34 and relevant RBI guidelines for NBFCs
  • Do not disclose required information as per SEBI Listing Regulations

The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Disclosure Compliance

The company will publish an extract of the unaudited financial results in one English and one vernacular newspaper as required under SEBI Listing Regulations.