Board approves un-audited Q2 and H1 FY27 results; net profit Rs. 27,461.07 lakh for the quarter

Board meeting outcome: the Board approved the un-audited financial results for the 2nd quarter and half year ended September 30, 2026.

Fri 9 Oct 2026

Quarter Net Profit

Rs. 27,461.07 lakh

Total Income from Operations (Quarter)

Rs. 1,13,118.42 lakh

Half Year Net Profit

Rs. 54,243.16 lakh

What the Board approved

• The Board of Directors, based on the recommendation of the Audit Committee, considered and approved the un-audited financial results for the 2nd quarter and half year ended September 30, 2026, at its meeting held on October 09, 2026.
• The meeting commenced at 03:20 p.m. and concluded at 05:30 p.m.
• The results were reviewed by the Joint Statutory Central Auditors, M/s. Rao & Emmar and M/s. V.K. Ladha & Associates, who issued a limited review report with an unmodified conclusion.

Quarter and half year numbers (all figures Rs. in lakhs)

• Total income from operations for the quarter ended September 30, 2026: Rs. 1,13,118.42, against Rs. 1,04,945.34 for the quarter ended September 30, 2025.
• Total expenditure for the quarter: Rs. 78,395.99.
• Profit before tax for the quarter: Rs. 34,722.42.
• Net profit after tax: Rs. 27,461.07 for the quarter and Rs. 54,243.16 for the half year, against Rs. 47,830.15 for the half year ended September 30, 2025.
• Basic and diluted EPS for the quarter: Rs. 20.62 each; for the half year, Rs. 40.74 each.
• Total comprehensive income: Rs. 27,581.76 for the quarter and Rs. 54,321.64 for the half year.

Balance sheet position as at September 30, 2026

• Total assets and total liabilities: Rs. 45,81,525.25.
• Loans: Rs. 42,96,823.22.
• Borrowings (other than debt securities): Rs. 30,74,200.52; debt securities: Rs. 8,09,710.69; deposits: Rs. 23,870.13.
• Paid-up equity share capital: Rs. 2,663.32, with a face value of Rs. 2/- per share.

Capital and shareholder actions

• The company has maintained 100% asset cover on its secured redeemable non-convertible debentures as on September 30, 2026 (floating charge on hypothecation of book debts and receivables).
• During the half year, the company redeemed 8.45% CFHL Secured Redeemable Non-Convertible Debentures of Rs 935,00,00,000 as per the terms of issue.
• The shareholders at the 39th Annual General Meeting held on July 29, 2026 approved a final dividend of Rs. 8/- per equity share of face value of Rs. 2/- for the financial year ended March 31, 2026; the dividend was subsequently paid on August 3, 2026.

Other disclosures in the results

• The company has, in terms of the RBI Fair Practices Code, reviewed its disbursement records and reduced its AUM by ₹1.65 crore towards Demand Drafts cancelled prior to financial statement finalisation; the adjustment had no material impact.
• The Reserve Bank of India, by its forwarding letter dated June 19, 2026, imposed a penalty of Rs.2,70,000 for non-compliance with certain provisions of directions issued on the Fair Practices Code; the company states it has complied with the corrective measures and remitted the penalty on June 22, 2026.
• The Nomination, Remuneration and HR Committee approved, on June 05, 2026, the grant of 32,435 options exercisable into not more than 32,435 equity shares of face value Rs. 2/- each under the CFHL ESOP Scheme 2024.
• The company allotted 466 equity shares of Rs. 2 each, fully paid up, on exercise of options by employees under the ESOP Scheme.
• The company has implemented Project Tejas, a Rs. 297-crore, seven-year enterprise digital transformation programme; as part of it, the new LOS-LMS-LC application developed by M/s. Pennant Technologies was rolled out across all branches during the quarter.
• The phased implementation of an integrated Enterprise Resource Planning (ERP) system covering operational, accounting and financial reporting functions was taken up in phases between July 2026 and September 2026, with the last tranche of migration on September 30, 2026.
• Exposure to accounts classified as Standard consequent to implementation of a resolution plan stood at Rs. 30,709.90 (Personal Loans) as at September 30, 2026.
• The company states it is not engaged in any Co-lending Arrangements; disclosures on NPA transfers, SMA loans transferred and loans in default for the quarter are given in the notes.

What investors may watch

• The results show growth in income, profit before tax and net profit for the quarter and half year compared with the same period a year earlier, along with a rise in earnings per share.
• The update also carries an RBI penalty disclosure for non-compliance with Fair Practices Code directions, and a note on the ERP migration whose reconciliation and validation is ongoing.

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