This is to inform you that the Board of Directors of Purple Finance Limited at their Meeting held on July 21, 2025 have: 1. Approved the Unaudited Financial Results along with the Limited ....
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Purple Finance Limited's Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with a clean Limited Review Report from Jogin Raval & Associates. Total revenue from operations surged to ₹617.96 lakhs, more than tripling from ₹199.90 lakhs in Q1 FY25, driven mainly by interest income (₹529.04 lakhs). However, the company posted a net loss of ₹(484.08) lakhs, wider than the ₹(422.62) lakhs loss a year ago, with EPS at ₹(0.89). Total expenses rose to ₹1,264.85 lakhs, with employee costs jumping sharply to ₹743.61 lakhs from ₹400.61 lakhs. The Board also approved appointing Mr. Sabyasachi Rath as Executive Director & CEO and a postal ballot process for his appointment and remuneration. The company recently raised capital via a rights issue of 96.04 lakh equity shares at ₹42 each, allotted on June 18, 2025. One loan of ₹84.46 lakhs has been classified as substandard with an impairment provision of ₹9.38 lakhs.
Strong revenue growth is encouraging for this loss-making NBFC, but persistent and widening losses, rising employee costs, and substandard asset classification raise concerns about near-term profitability. Shareholders should watch the postal ballot outcome for the new CEO, whose appointment could be a turning point for execution and growth strategy.