Gujarat Lease Financing LimitedQ1 FY27 Results & Financial Update
Gujarat Lease Financing Limited: Q1 FY27 standalone results and company financials – revenue ₹0.00 Cr, PAT ₹-0.08 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 Q1 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 a net loss of INR 0.0803 crore (INR 8.03 lakhs) for the quarter ended June 30, 2026, compared to a net loss of INR 0.0586 crore (INR 5.86 lakhs) in the corresponding quarter of the previous year.
Total income for the June 2026 quarter stood at INR 0.0992 crore (INR 9.92 lakhs), entirely derived from other income sources, remaining relatively stable compared to INR 0.1048 crore (INR 10.48 lakhs) in the same period last year.
Total expenses for the quarter expanded to INR 0.1795 crore (INR 17.95 lakhs) from INR 0.1634 crore (INR 16.34 lakhs) a year ago, driven primarily by fluctuations in statutory listing, legal, and administrative overheads.
Listing and custodian fees represented the largest expense component for the quarter at INR 0.0887 crore (INR 8.87 lakhs), compared to INR 0.0781 crore (INR 7.81 lakhs) in the corresponding period of the previous fiscal year.
Employee benefits expense increased to INR 0.0384 crore (INR 3.84 lakhs) during the quarter compared to INR 0.0327 crore (INR 3.27 lakhs) in the year-ago period.
Legal and professional fees were reported at INR 0.0086 crore (INR 0.86 lakhs), while other operational expenses accounted for INR 0.0431 crore (INR 4.31 lakhs). Basic and diluted earnings per share for continuing operations stood at negative INR 0.03 for the quarter.
Profit after tax was ₹-0.08 Cr for the reported quarter. EPS was ₹-0.03 for the reported quarter.
01 · Business model
What does Gujarat Lease Financing do?
Gujarat Lease Financing Limited operates as a non-banking financial institution with no active commercial operations or business plan for future commercial activities. Originally incorporated in 1983, the company currently maintains an inactive operating profile while managing legacy administrative, legal, and compliance obligations.
The company's financial model generates zero revenue from operations, relying exclusively on legacy other income items such as returns on equity instruments measured at fair value through other comprehensive income (FVTOCI).
Gujarat Lease Financing Limited has no subsidiaries, associate companies, or joint ventures as of June 30, 2026, and operates purely on a standalone basis from its registered office in Ahmedabad.
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, with payments executed in FY 2004-05.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Total income | ₹0.10 Cr |
| Other income | ₹0.10 Cr |
| Profit before tax | ₹-0.08 Cr |
| Profit after tax | ₹-0.08 Cr |
| EPS | ₹-0.03 |
04 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
The company generated zero revenue from operations during the quarter, reflecting its lack of active business lines.
Total income of INR 0.0992 crore was derived entirely from other sources, such as dividend or fair value adjustments on financial assets.
NIM, spread, funding cost and credit cost
Because operating revenue is nonexistent, recurring statutory overheads such as listing fees and legal expenses directly determine the net loss margin.
Listing and custodian fees formed the single largest cost item at INR 0.0887 crore, outpacing total other income for the period.
05 · Portfolio mix & lending exposure
Where the loan book is concentrated
Segments and products
Under Ind AS 108, the company has no reportable operating segments as it maintains no active business operations.
Geography and market mix
The company operates solely from its registered office in Ahmedabad, Gujarat, India.
06 · Strategy & portfolio evolution
How the lending mix and strategic agenda are changing
Management confirmed that the company does not have any business plan or intent to pursue business activities in the near future.
07 · Pressure points & risks
What is not going smoothly
As of June 30, 2026, accumulated losses exceeded the company's net worth, and total liabilities exceeded total assets.
Due to the lack of business plans and ongoing operational inactivity, the financial statements have been prepared on a non-going concern basis, with financial assets stated at realizable value or cost, whichever is lower.
In the absence of convincing evidence of future taxable income, deferred tax assets arising from unabsorbed depreciation and carry-forward tax losses have not been recognized.
08 · Items worth noticing
The line items that can distort a quick read
The company recorded a gain of INR 0.0367 crore (INR 3.67 lakhs) on the measurement of equity instruments at FVTOCI within other comprehensive income for the quarter.
09 · Funding & balance sheet
How funding, liquidity and capital support the loan book
Capital allocation & funding
Although the company made payments to a consortium of 16 banks following a 2004 court-sanctioned scheme of compromise, the final Deed of Assignment of charged assets in favor of the banks is yet to be executed.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor's Note on Non-Going Concern
The statutory auditors highlighted Note 3 of the financial statements, drawing attention to the non-going concern preparation basis, accumulated losses exceeding net worth, and total liabilities exceeding total assets.
11 · Previous-quarter changes
What changed since the previous quarter
Total expenses rose from INR 0.0517 crore in the quarter ended March 31, 2026, to INR 0.1795 crore in the quarter ended June 30, 2026, largely driven by periodic listing and professional fee disbursements.
12 · Key Q&A
The quarter, answered directly
What does Gujarat Lease Financing do?
Gujarat Lease Financing Limited operates as a non-banking financial institution with no active commercial operations or business plan for future commercial activities. Originally incorporated in 1983, the company currently maintains an inactive operating profile while managing legacy administrative, legal, and compliance obligations.
What is the clearest takeaway from Q1 FY27?
Gujarat Lease Financing Limited reported a net loss of INR 0.0803 crore (INR 8.03 lakhs) for the quarter ended June 30, 2026, compared to a net loss of INR 0.0586 crore (INR 5.86 lakhs) in the corresponding quarter of the previous year.
What drove earnings or loan-book movement?
The company generated zero revenue from operations during the quarter, reflecting its lack of active business lines.
What mattered most for margins, funding or credit cost?
Because operating revenue is nonexistent, recurring statutory overheads such as listing fees and legal expenses directly determine the net loss margin.
What changed operationally beyond the headline numbers?
Management confirmed that the company does not have any business plan or intent to pursue business activities in the near future.
What are the main pressure points disclosed for the quarter?
As of June 30, 2026, accumulated losses exceeded the company's net worth, and total liabilities exceeded total assets.
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
Statutory Compliance Filings: Continued fulfillment of exchange listing obligations and regulatory disclosures despite zero operating revenue.
- 02
Execution of Charge Assignments: Finalization of the remaining Deed of Assignment of charged assets with the bank consortium.
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