Financial Results for Quarter and Half Year ended on September 30, 2025
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Ekam Leasing & Finance reported weak unaudited results for H1 FY26, with standalone revenue from operations falling sharply to ₹7.59 lakh from ₹19.64 lakh a year ago (a decline of about 61%). Loss after tax widened to ₹55.49 lakh from ₹27.76 lakh in H1 FY25, with EPS of -₹0.92. On a consolidated basis, loss after tax almost doubled to ₹45.31 lakh from ₹18.10 lakh. Standalone net worth has turned negative at -₹128.90 lakh (other equity), and borrowings of ₹432.12 lakh sit against a small equity base. The auditor issued a qualified conclusion because the company's Net Owned Fund is below the ₹5 crore minimum required by RBI for NBFCs, which could affect its NBFC registration status. The auditor also flagged two emphasis-of-matter items: unpaid interest on loans from a struck-off associate (NKJ Securities) and unrecognised interest income of ₹3.12 lakh from another struck-off borrower (Alsan Buildcon). Operating cash flow remained negative at -₹4.92 lakh.
Shareholders face a worsening financial position with deepening losses, declining revenue, negative standalone net worth, and a serious regulatory risk as the company falls short of RBI's minimum Net Owned Fund for NBFCs. The qualified audit opinion and emphasis-of-matter notes may weigh on the stock and raise concerns about the company's ability to continue as a going concern on a standalone basis.