NBFC Q1 results flag loan recoverability and tax demand concerns

Geetanjali Credit and Capital, an NBFC, reported Q1 FY27 revenue of Rs 7.21 lakh, down from Rs 9 lakh YoY. PAT rose to Rs 14.85 lakh from Rs 1.50 lakh, but full year FY26 showed a loss of Rs 0.50 lakh. Auditor flagged concerns: Rs 275.67 lakh loans without confirmation, non-compliance with RBI NPA norms for provisions, Rs 529.75 lakh income tax demand, and inability to verify investments. Audit conclusion is unmodified with an emphasis of matter.