Approval of Unaudited Standalone & Consolidated financial results for the quarter ended 30th June 2025.
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Swati Projects Limited, an RBI-registered NBFC, announced Q1 FY26 results on 7 August 2025. On a standalone basis, total operating income rose to ₹45.87 lakhs from ₹29.53 lakhs in Q1 FY25 (~55% YoY growth), while net profit stood at ₹21.52 lakhs (EPS ₹0.21) versus ₹20.18 lakhs (EPS ₹0.20) a year ago. However, on a consolidated basis the company swung to a net loss of ₹65.08 lakhs (EPS -₹0.64), compared to a profit of ₹17.17 lakhs in Q1 FY25, primarily dragged by ₹82.84 lakhs in project costs from its newly acquired 76% subsidiary, Radhashree Apartments Pvt Ltd (real estate and bike rental business, acquired December 2024). Auditor M Modi & Associates issued an unqualified limited review report. The company also confirmed no deviation in use of IPO proceeds and that debenture-related SEBI regulations are not applicable.
The standalone NBFC business continues to grow steadily with healthy operating profit margins. However, the consolidated loss signals that the recently acquired real estate subsidiary is currently a drag on group profitability, which may concern shareholders in the near term despite the improving core NBFC performance.