EVERLON FINANCIALS LIMITED

Operates as a Non-Banking Financial Company (NBFC) generating revenue from interest on advances extended and from trading in shares and securities (stock-in-trade). FY26 revenue from operations was Rs 1,647.67 lakhs against a net loss of Rs 665.67 lakhs. The cost base is light, with employee costs at 1.2% of revenue and other operating expenses at 3.3%. The lending book shrank sharply in FY26 — non-current investments fell to Rs 636.16 lakhs from Rs 1,478.41 lakhs, and stock-in-trade inventory dropped to Rs 1,054.29 lakhs from Rs 1,893.20 lakhs. Q1 FY27 revenue fell to Rs 111.97 lakhs from Rs 822.93 lakhs in Q1 FY26, an 86% drop, attributed to lower trading in shares and reduced interest on advances. That quarter nonetheless swung to a Rs 281.20 lakhs profit, driven primarily by a favourable change in inventories of Rs 281.84 lakhs rather than core lending or trading income. Total assets nearly halved to Rs 1,764.87 lakhs in FY26 from Rs 3,431.93 lakhs a year earlier, and reserves eroded to Rs 1,120.26 lakhs, turning negative by the nine months ended December 2025.