Outcome of Board Meeting held on 13th November, 2025.
Price
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ARC Finance Ltd's board approved unaudited standalone financial results for Q2 and H1 FY26 (ended 30 September 2025). Total revenue from operations jumped to ₹2,004.60 lakh in Q2 FY26 versus ₹1,036.59 lakh in Q2 FY25, driven largely by sale of shares (₹1,900.57 lakh). Despite the strong top-line, profitability collapsed: Q2 PAT fell to just ₹12.41 lakh (vs ₹337.95 lakh a year ago) and H1 FY26 PAT dropped to ₹25.58 lakh from ₹643.72 lakh. The statutory auditor SRV & Associates issued a clean limited review report with no qualifications. Separately, the company disclosed related party transactions for H1 FY26, with most KMP remuneration shown as NIL, except ₹1.06 lakh to a director and ₹90,000 to the company secretary. Borrowings spiked sharply from ₹57.90 lakh (March 2025) to ₹1,473.60 lakh, and operating cash flow remained negative at -₹95.04 lakh.
Strong revenue growth is misleading — it is driven by share trading, not core NBFC income, and the steep fall in profit plus negative operating cash flow raises concerns about underlying earnings quality. The clean audit report and disclosed related party transactions offer limited governance comfort, but shareholders should watch for sustainability of margins and the rising borrowings.