UNAUDITED (STANDALONE AND CONSOLIDATED) FINANCIAL RESULTS The Board of Directors have considered and approved the Unaudited (Standalone and Consolidated) Financial Results along with Limited ....
Awaiting price reaction for this filing.
Sunshine Capital Ltd's board approved its unaudited financial results for Q3 FY26 and the nine months ended December 31, 2025. Standalone Q3 revenue fell sharply to Rs 113.94 lakh from Rs 228.82 lakh a year ago, and quarterly profit dropped to Rs 42.23 lakh from Rs 188.52 lakh. However, the nine-month picture looks very different: 9M FY26 standalone profit jumped to Rs 3,158.57 lakh versus Rs 718.59 lakh last year, almost entirely because of a one-time impairment reversal of Rs 2,950.11 lakh on financial instruments. The company is an NBFC whose main income is interest income of Rs 113.93 lakh for the quarter. The auditor (VRSK & Associates) issued a limited review that includes an Emphasis of Matter, and noted that the consolidated comparable prior-period figures were not subjected to review. Two Independent Directors — Mr. Luv Sharma (effective Nov 20, 2025) and Mr. Bhupendra Kaushik (effective Jan 5, 2026) — resigned during the quarter.
Core operating performance is weakening — both quarterly revenue and profit have roughly halved year-on-year, so the headline 9M profit surge is misleading as it is driven by a non-recurring accounting reversal rather than business growth. Shareholders should also note the back-to-back exits of two independent directors and the auditor's emphasis-of-matter flag, which together raise governance and reporting-quality concerns for a small-cap NBFC.