The Board of Director in its Board Meeting dated: 26.05.2026 has approved the Audited Standalone Financial Results of the company for the year ended 31.03.2026
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Upsurge Investment & Finance Ltd reported a significant decline in financial performance for FY26. Total income fell to Rs 5,524.71 Lakhs from Rs 11,367.29 Lakhs in FY25, a drop of about 51%. Profit after tax declined sharply to Rs 322.77 Lakhs from Rs 1,595.35 Lakhs (down 80%). Q4 FY26 showed a loss of Rs 800.10 Lakhs before tax, compared to a profit of Rs 47.17 Lakhs in Q4 FY25. The revenue decline was driven by a massive drop in net fair value changes (from Rs 1,503.24 Lakhs to Rs 31.53 Lakhs) and lower securities sales (from Rs 9,181.62 Lakhs to Rs 4,073.59 Lakhs). The auditors issued an unmodified opinion, confirming the financial statements present a true and fair view.
The company has seen a sharp deterioration in profitability with PAT falling 80% year-on-year, driven primarily by reduced gains from fair value changes and securities trading. Q4 losses are particularly concerning. Shareholders should monitor the recovery in core investment income and fair value gains in coming quarters.