Result for the quarter ended December 31, 2025
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Leading Leasing Finance and Investment Company reported a sharp jump in Q3 FY26 revenue from operations to Rs 6,412.66 lacs, compared with Rs 923.79 lacs in the same quarter last year. Total income for the nine months ended December 2025 stood at Rs 9,164.47 lacs versus Rs 1,843.10 lacs a year ago. The company swung to a net profit of Rs 1,835.20 lacs in Q3 FY26 from a loss of Rs 70.17 lacs in Q3 FY25, with nine-month PAT at Rs 2,572.57 lacs versus a loss of Rs 95.06 lacs earlier. However, the quarter also includes a large bad debt write-off of Rs 2,744.33 lacs and finance costs of Rs 822.10 lacs. The auditor flagged an Emphasis of Matter noting that trade payables and loan/advance balances are pending external confirmations, and that the company changed its accounting policy mid-quarter by reclassifying certain investments as stock-in-trade to reflect a trading-oriented business model.
The headline numbers show a dramatic turnaround and strong topline growth, but the big bad-debt write-off and the auditor's emphasis on pending confirmations and an accounting policy shift are red flags investors should weigh before getting excited about the earnings beat.