The Board of Director in its Board Meeting held on 26.05.2026 has approved the audited Standalone Financial Results of the Company.
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Upsurge Investment & Finance Ltd, an NBFC, reported a net profit of ₹322.77 lakhs for FY26, a sharp decline from ₹1,595.35 lakhs in FY25 (down ~80%). Total income halved to ₹5,524.71 lakhs from ₹11,367.29 lakhs, primarily due to a steep drop in net fair value gains (₹31.53 vs ₹1,503.24) and lower securities trading revenue (₹4,073.59 vs ₹9,181.62). Interest income grew 41% to ₹548.40 lakhs and dividend income rose 64% to ₹82.70 lakhs. The company raised ₹10.12 crore via preferential warrant issue in February 2026. Operating cash flow remained negative at ₹-1,483.55 lakhs. Auditors gave an unmodified opinion. EPS for FY26 stood at ₹1.47 versus ₹8.81 in the prior year.
The company saw a dramatic turnaround from FY25's bumper profits, with revenue and PAT both declining sharply. The heavy reliance on fair value gains and securities trading is the main driver of volatility. The ongoing negative operating cash flow is a concern despite the equity raise.