Outcome of Board Meeting - Submission of Unaudited Financial Results for the quarter ended on 30th September, 2025 and Limited Review Report thereon
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Prism Finance Ltd reported a sharp swing to losses in Q2 FY26 (quarter ended September 30, 2025) with a standalone net loss of Rs. 55.99 lakh, compared to a profit of Rs. 377 lakh in the previous quarter (Q1 FY26) and Rs. 21.66 lakh in Q2 FY25. Total revenue from operations collapsed to just Rs. 7.83 lakh from Rs. 524.51 lakh in Q1 FY26, driven by an absence of fair value gains and lower gains on derecognition of financial instruments. The company also booked a Rs. 109.92 lakh net loss on fair value changes during the quarter. Despite the weak Q2, the half-year (H1 FY26) cumulative net profit stood at Rs. 321.01 lakh, down from Rs. 475.99 lakh in H1 FY25. The statutory auditor issued a qualified conclusion on the limited review, flagging an investment of Rs. 100 lakh in unquoted shares of BVM Finance Pvt. Ltd., whose net worth is negative and which is currently under the Corporate Insolvency Resolution Process (CIRP); the auditor noted that profit and investment value are overstated because no impairment has been recognized.
Shareholders should note the qualified auditor opinion and the likely Rs. 100 lakh write-down risk tied to the BVM Finance investment under CIRP, which could pressure earnings in coming quarters. The steep Q2 revenue drop and quarterly loss may weigh on short-term sentiment, though the company's balance sheet remains strong with negligible debt and total equity of Rs. 25.3 crore.