Summary of Key Information:
Reporting Period: Quarter and Half-Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
The financial results were reviewed by statutory auditors Dhawan & Co., Chartered Accountants, who issued an unmodified review conclusion with emphasis of matter points.
Auditor's Comment: The auditors emphasized several matters including: (1) In-principle approval for IFCI Group consolidation, (2) Impairment reserve of ₹104.67 crores against required provisioning of ₹90.49 crore under RBI norms, (3) Recognition and simultaneous write-off of ₹19.72 crores interest income on stage 3 assets, (4) Valuation of investments in subsidiaries based on June 30, 2026 financials instead of September 30, 2026, and (5) CRAR of -18.42% against required 15%.
Key Financial Highlights [All amounts in ₹ Crores]:
Standalone Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹136.72
- Interest Income: ₹81.06
- Dividend Income: ₹63.65
- Rental Income: ₹13.72
- Fees and Commission Income: ₹8.87
- Net gain on fair value changes: (₹30.58)
- Other Income: ₹4.59
- Total Income: ₹141.31
- Total Expenses: ₹138.01
- Finance costs: ₹96.22
- Impairment on financial instruments: (₹2.24) [Reversal]
- Employee Benefits Expenses: ₹25.54
- Depreciation and Amortization: ₹6.13
- Other expenses: ₹12.36
- Profit before tax: ₹3.30
- Tax expense: (₹8.91) [Deferred tax benefit]
- Net Profit for the quarter: ₹12.21
- EPS: Basic and Diluted ₹0.05
Half-Year ended September 30, 2026:
- Revenue from Operations: ₹239.36
- Total Income: ₹266.71
- Total Expenses: ₹238.05
- Profit before tax: ₹28.66
- Tax expense: ₹7.81
- Net Profit for half-year: ₹20.85
- EPS: Basic and Diluted ₹0.08
Comparative Performance:
- Q2 FY27 Net Profit declined 79% YoY from ₹16.13 crore in Q2 FY26
- H1 FY27 Net Profit declined 11% YoY from ₹23.51 crore in H1 FY26
Consolidated Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹733.04
- Total Income: ₹734.10
- Total Expenses: ₹327.22
- Profit before tax: ₹414.33
- Tax expense: ₹91.07
- Net Profit for the quarter: ₹323.26
- EPS: Basic and Diluted ₹0.55
Half-Year ended September 30, 2026:
- Revenue from Operations: ₹1,060.10
- Total Income: ₹1,091.83
- Total Expenses: ₹589.66
- Profit before tax: ₹510.26
- Tax expense: ₹126.73
- Net Profit for half-year: ₹383.53
- EPS: Basic and Diluted ₹0.68
Balance Sheet Position (Standalone as at September 30, 2026):
- Paid-up equity share capital: ₹2,694.31 crore
- Other equity: (₹885.11) crore
- Cash and cash equivalents: ₹15.76 crore
- Bank balance other than cash: ₹1,650.65 crore
- Investments: ₹1,990.45 crore
- Loans: ₹1,002.17 crore
- Total Assets: ₹5,598.25 crore
- Debt securities: ₹2,722.56 crore
- Subordinated liabilities: ₹276.12 crore
- Total Financial Liabilities: ₹4,711.84 crore
Segment-wise Performance:
The company operations comprise only one business segment of financing. Hence, there is no reportable segment as per Ind AS 108.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities were announced during the period.
Other Significant Information:
- The Department of Financial Services, Ministry of Finance granted in-principle approval for 'Consolidation of IFCI Group' involving merger/amalgamation of certain group companies
- Stock Holding Corporation of India Limited (subsidiary) is involved in litigation involving ₹24.41 crore pending before Supreme Court
- The company has not been taking any fresh loan exposure, resulting in reduction in standard loan accounts and higher NPAs
- No stressed loans were transferred to ARCs or other entities during the period
- The company is not classified as a large corporate under SEBI circulars