GLFL Q3 FY26 results: Rs. 2.78 lakh profit, but non-going concern flag
GLFL · price
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Gujarat Lease Financing reported nil revenue from operations and other income of Rs. 10.65 lakh for Q3 FY26, posting a profit of Rs. 2.78 lakh versus Rs. 5.02 lakh year-ago. For 9 months, the company swung to a loss of Rs. 0.96 lakh from a profit of Rs. 1.31 lakh. The auditor highlighted that accumulated losses exceed net worth and total liabilities exceed total assets. The company has no business plan and results were prepared on a non-going concern basis. Reserves stand at negative Rs. 31.22 crore versus equity capital of Rs. 27.13 crore.
Negative reserves, liabilities exceeding assets, and a non-going concern flag signal serious solvency risk for shareholders.