The Board of Directors of the Company at their meeting held today has approved and taken on record unaudited financial results on standalone basis for the quarter ended September 30, 2025.
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Garbi Finvest, an NBFC, reported its Q2 FY26 standalone results along with H1 FY26 results. Revenue from operations for Q2 FY26 was Rs 65.39 lakhs versus Rs 178.99 lakhs in Q2 FY25, showing a sharp ~63% year-on-year decline. H1 FY26 revenue from operations fell to Rs 128.75 lakhs from Rs 250.06 lakhs in H1 FY25, a drop of roughly 49%. The company posted a pre-tax loss of Rs 9.38 lakhs in Q2 FY26, compared with a profit of Rs 106.75 lakhs in Q2 FY25, driven largely by a steep jump in impairment loss on financial instruments (Rs 66.95 lakhs in Q2 FY26 vs Rs 9.96 lakhs in Q2 FY25). However, on a half-year basis, profit after tax improved to Rs 120.39 lakhs from Rs 66.79 lakhs, helped by a deferred tax credit. Cash and bank balance fell sharply to just Rs 1.57 lakhs as of September 30, 2025, from Rs 117.73 lakhs at March-end 2025. The statutory auditor, Kushal S Poonia & Co., issued an unqualified review report.
Mixed signals for shareholders: a sharp decline in core lending income and a swing to a quarterly pre-tax loss are negatives, while lower PAT volatility on a half-year basis and the clean auditor review offer some comfort. Investors should watch the rising impairment losses and the steep drop in cash, which raise concerns about asset quality and near-term liquidity.