Gujarat Lease Financing LimitedQ2 FY27 Results & Financial Update
Gujarat Lease Financing Limited: Q2 FY27 standalone results and company financials – revenue ₹0.00 Cr, PAT ₹0.03 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Gujarat Lease Financing Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Gujarat Lease Financing Limited reported zero operational revenue for the quarter ended September 30, 2026, consistent with its inactive business status.
Total income for Q2 FY27 stood at INR 0.1076 crore (INR 10.76 lakhs), reflecting a slight increase compared to the previous quarter's total income of INR 0.0992 crore.
The company recorded a profit after tax (PAT) of INR 0.0254 crore (INR 2.54 lakhs) for the quarter, recovering from a net loss of INR 0.0803 crore (INR 8.03 lakhs) in Q1 FY27.
Total expenses for the quarter decreased substantially to INR 0.0822 crore compared to INR 0.1795 crore in the preceding quarter, primarily driven by the absence of listing and custodian fees during Q2.
Statutory auditors have highlighted that the company's financial statements continue to be prepared on a non-going concern assumption because management does not intend to pursue business activities in the near future.
Earnings per share (EPS) for continuing operations turned positive at INR 0.01 for the quarter, compared to negative INR 0.03 in the previous quarter.
01 · Business model
What does Gujarat Lease Financing do?
Gujarat Lease Financing Limited operates as a non-banking financial entity that currently maintains no active commercial or lending operations.
The company's financial results are derived entirely from treasury activities, specifically interest income from bank deposits and other financial assets.
With accumulated losses exceeding its net worth and total liabilities exceeding total assets, the company has no ongoing business plan and prepares its accounts on a non-going concern basis.
02 · Historical context
What shaped the business before this quarter
The High Court of Gujarat sanctioned a scheme of compromise and arrangement between the company and a consortium of 16 banks on July 27, 2004, under Section 391 of the Companies Act, 1956.
The company completed payments to the consortium banks during the 2004-05 accounting year pursuant to the Court's order, although the final Deed of Assignment of charged assets remains pending.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Total income | ₹0.11 Cr | ₹0.10 Cr |
| Interest income | ₹0.20 Cr | — |
| Other income | ₹0.11 Cr | ₹0.10 Cr |
| Provisions | ₹0.05 Cr | — |
| Profit before tax | ₹0.03 Cr | ₹-0.08 Cr |
| Profit after tax | ₹0.03 Cr | ₹-0.08 Cr |
| EPS | ₹0.01 | ₹-0.03 |
04 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Revenue from operations remained at zero as the company does not engage in leasing, lending, or commercial operations.
Total income of INR 0.1076 crore for the quarter was entirely composed of other income items, primarily interest generated from bank deposits and financial assets.
NIM, spread, funding cost and credit cost
Total expenses were held down at INR 0.0822 crore, consisting chiefly of employee benefits expense at INR 0.0306 crore, legal and professional fees at INR 0.0092 crore, and other operating expenses at INR 0.0419 crore.
Listing and custodian fees, which stood at INR 0.0887 crore in Q1 FY27, dropped to zero in Q2 FY27, easing the overall quarterly expense burden.
05 · Portfolio mix & lending exposure
Where the loan book is concentrated
Segments and products
Due to the lack of active operations and pursuant to Ind AS 108, the company has no reportable operating segments.
06 · Reported developments
What changed operationally
The company reported a net profit of INR 0.0254 crore for Q2 FY27, improving from the net loss registered in the preceding quarter.
07 · Pressure points & risks
What is not going smoothly
Accumulated losses as of September 30, 2026, exceeded the company's net worth, resulting in total equity of negative INR 4.0139 crore.
Total liabilities of INR 10.4521 crore exceeded total assets of INR 6.4382 crore as of September 30, 2026.
08 · Items worth noticing
The line items that can distort a quick read
The company reported an other comprehensive income gain of INR 0.0389 crore for Q2 FY27 from the measurement of equity instruments at FVTOCI.
09 · Funding & balance sheet
How funding, liquidity and capital support the loan book
Net cash used in operating activities for the six months ended September 30, 2026, was INR 5.9222 crore, driven by working capital adjustments including changes in other bank balances and non-current financial assets.
Cash and cash equivalents stood at INR 0.2379 crore as of September 30, 2026, down from INR 5.9760 crore as of March 31, 2026.
Capital allocation & funding
Non-current borrowings remained unchanged at INR 10.00 crore (INR 1,000.00 lakhs) as of September 30, 2026.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Non-Going Concern Basis
Financial statements are officially prepared on a non-going concern basis, requiring financial assets to be stated at realizable value or cost, whichever is lower.
Reported update
Unrecognised Tax Assets
Deferred tax assets arising from unabsorbed depreciation and carry forward losses have not been recognised due to the absence of convincing evidence regarding future taxable income.
11 · Previous-quarter changes
What changed since the previous quarter
The company swung from a net loss of INR 0.0803 crore in Q1 FY27 to a net profit of INR 0.0254 crore in Q2 FY27, largely aided by lower periodic compliance and listing expenses.
12 · Key Q&A
The quarter, answered directly
What does Gujarat Lease Financing do?
Gujarat Lease Financing Limited operates as a non-banking financial entity that currently maintains no active commercial or lending operations.
What is the clearest takeaway from Q2 FY27?
Gujarat Lease Financing Limited reported zero operational revenue for the quarter ended September 30, 2026, consistent with its inactive business status.
What drove earnings or loan-book movement?
Revenue from operations remained at zero as the company does not engage in leasing, lending, or commercial operations.
What mattered most for margins, funding or credit cost?
Total expenses were held down at INR 0.0822 crore, consisting chiefly of employee benefits expense at INR 0.0306 crore, legal and professional fees at INR 0.0092 crore, and other operating expenses at INR 0.0419 crore.
What changed operationally beyond the headline numbers?
Financial statements are officially prepared on a non-going concern basis, requiring financial assets to be stated at realizable value or cost, whichever is lower.
What are the main pressure points disclosed for the quarter?
Accumulated losses as of September 30, 2026, exceeded the company's net worth, resulting in total equity of negative INR 4.0139 crore.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Execution of Asset Assignment: Resolution and final execution of the Deed of Assignment of charged assets in favor of the bank consortium pursuant to the 2004 High Court scheme.
- 02
Treasury and Cash Position: Management of remaining cash equivalents and settlement of outstanding liabilities under the non-going concern framework.
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