Board approves September-quarter results and independent director re-appointment

Board meeting held on October 09, 2026: unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026 were approved.

Fri 9 Oct 2026

Quarterly revenue from operations

₹2,624.50 crore

Quarterly profit after tax

₹374.85 crore

Half-year profit after tax

₹682.56 crore

Results approved

The Board of Directors, at its meeting held on October 09, 2026, approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, on the recommendation of the Audit Committee. The joint statutory auditors carried out a limited review of the results and expressed an unmodified conclusion.

Consolidated numbers for the quarter (unaudited)

• Revenue from operations ₹2,624.50 crore; total income ₹2,624.84 crore.
• Finance costs ₹1,035.45 crore; impairment on financial instruments ₹346.37 crore.
• Profit before tax ₹501.30 crore; total tax expense ₹126.45 crore; profit after tax ₹374.85 crore.
• Basic earnings per share ₹4.27; diluted earnings per share ₹4.26.

Consolidated numbers for the half year (unaudited)

• Revenue from operations ₹4,954.72 crore; total income ₹4,961.76 crore.
• Profit before tax ₹912.56 crore; profit after tax ₹682.56 crore.
• Basic earnings per share ₹7.82; diluted earnings per share ₹7.80.

Balance sheet and cash flow (consolidated)

• Total assets ₹74,583.94 crore as at September 30, 2026, against ₹60,271.56 crore as at March 31, 2026.
• Loans ₹69,562.71 crore; cash and cash equivalents ₹215.98 crore.
• Debt securities ₹17,372.48 crore; borrowings other than debt securities ₹40,633.05 crore; subordinated liabilities ₹859.88 crore.
• Equity share capital ₹176.12 crore; other equity ₹13,577.95 crore.
• For the half year: net cash used in operating activities ₹12,763.33 crore; net cash generated from financing activities ₹13,130.92 crore; net decrease in cash and cash equivalents ₹70.02 crore.

Board decisions on the directorship

• Re-appointment of Ms. Kemisha Soni (DIN: 06805708), Independent Director, for a second term of 3 (Three) years, with effect from January 30, 2027 till January 29, 2030 (both dates inclusive), subject to the approval of the shareholders by way of a special resolution.
• Approval of the Postal Ballot Notice seeking shareholders' approval for that re-appointment.
• The Board meeting commenced at 1:45 P.M. and concluded at 3:32 P.M.

Other points recorded in the update

• A Qualified Institutions Placement was completed on 13 April 2026 by issuing 67,430,883 fully paid up equity shares of face value ₹ 2 each at an issue price of ₹ 370.75 per share, aggregating to ₹ 2,500.00 crores. The funds raised were utilised as per the objects of the issue set out in the placement document.
• During the half year ended September 30, 2026, the Company allotted 353,113 fully paid up equity shares of face value ₹ 2 each to eligible employees under employee stock option plans.
• Commercial papers and non-convertible debentures were issued and listed on the BSE Limited during the half year ended September 30, 2026.
• The Company's interest in its joint venture, Jaguar Advisory Services Private Limited, is classified as assets held for sale. The Board and shareholders had approved a sale of the Company's shareholding in it, the plan was reaffirmed in a meeting held on 05 May 2026, the transaction has received regulatory approval and is expected to be completed in due course.
• The Company is primarily engaged in the business of financing in India, with no separate reportable segments as per Ind AS 108.

What to take away

The update combines the September 2026 quarterly and half-year results with a Board decision to re-appoint an Independent Director for a second term, a capital raise already completed through a QIP, employee share allotments under stock option plans, and a proposed exit from a joint venture stake classified as held for sale.

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