Viji Finance LimitedQ2 FY27 Results & Financial Update

Viji Finance Limited: Q2 FY27 standalone results and company financials – revenue ₹2.77 Cr, PAT ₹1.51 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: VIJIFINPublished 14 Oct 2026Updated 15 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹2.77 CrReported Q2 FY27
Profit after tax₹1.51 CrReported Q2 FY27
Sequential change+32.9%Quarter-on-quarter

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Quarterly Results AnalysisExplore Viji Finance 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

01

Viji Finance Limited reported standalone total income of INR 2.85 crore for the quarter ended September 30, 2026, marking a sequential increase compared to INR 2.07 crore registered in the previous quarter ended June 30, 2026.

02

Revenue from operations expanded notably to INR 2.77 crore during Q2 FY27 from INR 1.31 crore in Q1 FY27, driven by higher interest generation and a significant surge in fees and commission income.

03

Profit before tax (PBT) for the quarter rose to INR 2.02 crore compared to INR 1.53 crore in the preceding quarter, demonstrating improved top-line expansion relative to operating expenses.

04

Net profit after tax (PAT) for the quarter stood at INR 1.51 crore, showing a sequential increase over the INR 1.14 crore reported in the first quarter of the fiscal year.

05

Basic and diluted earnings per share (EPS) for the interim quarter were unchanged sequentially at INR 0.07 each, reflecting the expanded equity capital base following warrant conversions and share allotments during the period.

06

Total expenses for the quarter stood at INR 0.84 crore, up from INR 0.55 crore in the prior quarter, driven by higher registrar and transfer (ROC) fees and other operational outlays.

07

The balance sheet expanded substantially with total assets increasing to INR 56.50 crore as of September 30, 2026, from INR 33.65 crore as of March 31, 2026, supported by successful capital raising.

01 · Business model

What does Viji Finance do?

Viji Finance Limited operates as a non-banking financial company (NBFC) registered in India, primarily engaged in financial services, loans, and related credit deployment activities.

The company generates its operating revenue through interest income earned on loans advanced and fee-based commission services.

Headquartered in Indore, Madhya Pradesh, Viji Finance delivers credit solutions to meet the requirements of retail and commercial clients.

The firm funds its operations through a mix of internal equity capital reserves, borrowings from non-debt securities, and other financial liabilities.

02 · Historical context

What shaped the business before this quarter

Business evolution

Previously on June 16, 2026, the Preferential Allotment Committee allotted 8,85,00,000 warrants to 19 investors who paid 25 percent upfront.

Recent trajectory

Subsequently, upon receipt of the balance 75 percent consideration totalling INR 18.59 crore, the warrants were converted into fully paid-up equity shares.

Earlier milestone

These capital-raising actions expanded the company's total issued and paid-up equity share capital to INR 23.10 crore, comprising 23,10,00,000 shares of face value Re. 1 each as of September 30, 2026.

03 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹2.77 Cr₹0.89 Cr
Total income₹2.85 Cr₹2.07 Cr
Profit before tax₹2.02 Cr₹1.53 Cr
Profit after tax₹1.51 Cr₹1.14 Cr
EPS₹0.07₹0.07

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 54.6% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 73.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.09 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Interest Income

Interest income from financing operations grew sequentially to INR 1.22 crore in Q2 FY27 from INR 0.89 crore in Q1 FY27, reflecting portfolio growth.

Fees and Commission Income

Fees and commission income increased sharply to INR 1.55 crore during the quarter compared to INR 0.42 crore in the previous quarter.

What drove margins

Finance Costs

Finance costs declined sequentially to INR 0.11 crore in Q2 FY27 from INR 0.18 crore in Q1 FY27, reflecting lower debt servicing needs as borrowings reduced.

Employee Benefit Expenses

Employee benefit expenses stood at INR 0.11 crore for the quarter, compared to INR 0.05 crore in the preceding quarter.

Other Operating Expenses

Other expenses increased to INR 0.53 crore during Q2 FY27, which included ROC fees of INR 0.41 crore, listing fees of INR 0.13 crore, and rent expenses of INR 0.11 crore.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Operating Segment

The company operates in a single primary business segment, which is financial services, and therefore segment reporting is not applicable.

06 · Capacity, projects & execution

What is being built, commissioned or delivered

Projects, capex and execution

Property, Plant and Equipment Additions

The cash flow statement for the half year ended September 30, 2026, indicates a capital expenditure outflow of INR 0.03 crore towards the purchase of property, plant, and equipment.

07 · Reported developments

What changed operationally

Capital Raise Execution

Successful conversion of warrants into equity shares injected significant equity capital, raising paid-up capital to INR 23.10 crore and expanding the net worth base.

08 · Items worth noticing

The line items that can distort a quick read

Tax Expense

Tax expense for the quarter was INR 0.51 crore, consisting of a current tax provision of INR 0.52 crore offset by a deferred tax credit of INR 0.02 crore.

09 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹-21.09 CrHalf Year Ended September 30, 2026
Capital expenditure₹-0.03 CrHalf Year Ended September 30, 2026
Free cash flow₹-21.12 CrHalf Year Ended September 30, 2026
Operating Cash Flows

Net cash used in operating activities for the half year ended September 30, 2026, stood at an outflow of INR 21.09 crore, primarily driven by increases in other financial assets.

Financing Cash Inflows

Net cash generated from financing activities for the half year reached INR 20.91 crore, bolstered by INR 8.85 crore from equity share proceeds and INR 15.93 crore in securities premium received.

Capital allocation & funding

Borrowings Reduction

Borrowings other than debt securities stood at INR 3.38 crore as of September 30, 2026, down from INR 7.25 crore as of March 31, 2026, following net repayments of INR 3.87 crore during the half year.

10 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Change

The Board approved seeking shareholder approval via postal ballot for the appointment of M/s. DDS & Associates, Chartered Accountants, as statutory auditors following the resignation of M/s. Dharmendra K. Agarwal & Co.

11 · Previous-quarter changes

What changed since the previous quarter

Income Classification Regrouping

An amount of INR 0.42 crore representing fees and commission income reported under other income in Q1 FY27 was regrouped under the fees and commission income head in Q2 FY27 for consistent presentation.

12 · Key Q&A

The quarter, answered directly

What does Viji Finance do?

Viji Finance Limited operates as a non-banking financial company (NBFC) registered in India, primarily engaged in financial services, loans, and related credit deployment activities.

What is the clearest takeaway from Q2 FY27?

Viji Finance Limited reported standalone total income of INR 2.85 crore for the quarter ended September 30, 2026, marking a sequential increase compared to INR 2.07 crore registered in the previous quarter ended June 30, 2026.

What drove revenue or demand?

Interest income from financing operations grew sequentially to INR 1.22 crore in Q2 FY27 from INR 0.89 crore in Q1 FY27, reflecting portfolio growth.

What mattered most for margins or profitability?

Finance costs declined sequentially to INR 0.11 crore in Q2 FY27 from INR 0.18 crore in Q1 FY27, reflecting lower debt servicing needs as borrowings reduced.

What changed operationally beyond the headline numbers?

The cash flow statement for the half year ended September 30, 2026, indicates a capital expenditure outflow of INR 0.03 crore towards the purchase of property, plant, and equipment.

What should the next disclosure help confirm?

Monitor the outcome of the postal ballot process regarding the appointment of the new statutory auditors.

13 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

14 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Auditor Appointment: Monitor the outcome of the postal ballot process regarding the appointment of the new statutory auditors.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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