Please find attached unaudited financial results for the quarter ended 30.06.2025
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Sangam Finserv Limited, a small NBFC listed on BSE (Scrip 538714) and Calcutta Stock Exchange, reported unaudited Q1 FY26 results with strong year-on-year growth. Total revenue from operations rose about 61.6% to Rs. 734.73 lakhs from Rs. 454.69 lakhs in Q1 FY25, driven mainly by a big swing in net gain on fair value changes (Rs. 265.30 lakhs vs Rs. 0.97 lakhs). Profit before tax jumped to Rs. 548.10 lakhs from Rs. 291.70 lakhs, and profit after tax grew about 94% to Rs. 425.99 lakhs from Rs. 219.38 lakhs. Basic EPS came in at Rs. 0.91 versus Rs. 0.47 (restated). For full-year FY25, revenue was Rs. 1,701.48 lakhs and PAT was Rs. 659.72 lakhs (EPS Rs. 1.42). Prior period EPS has been restated to reflect a 4:1 bonus share issue carried out on 7 February 2025. The statutory auditor O.P. Dad & Co. has issued an unqualified limited review report.
Headline Q1 PAT nearly doubled YoY, which is positive for the stock, but the bulk of the earnings beat comes from mark-to-market fair value gains rather than core interest/fee income (interest income was almost flat at ~Rs. 438 lakhs). Investors should weigh the strong reported numbers against the high dependence on volatile fair value changes, which can reverse in subsequent quarters.