Q1FY27 Loss; 76% Revenue Drop; Statutory Auditor Resigns Mid-Year
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Oswal Leasing reported a Q1FY27 loss of Rs 7.97 lakhs versus a profit of Rs 2.79 lakhs in Q1FY26. Total income fell to Rs 3.63 lakhs from Rs 15.09 lakhs year-on-year. Total expenses rose to Rs 19.29 lakhs. Statutory auditor V.V. Bhalla and Co resigned citing other professional commitments; K R Aggarwal and Associates was appointed to fill the casual vacancy till the 42nd AGM. Two independent directors were reappointed for five years.
Loss-making quarter and sharp revenue decline are negative signals. Mid-year auditor change warrants close monitoring by investors.