NALIN LEASE FINANCE LTD.

Operates as a Gujarat-based non-banking finance company running a lease finance and lending book, earning primarily through interest on loans. The loan book grew from ₹2,972.14 lakhs to ₹4,359.38 lakhs in FY26. Total income for FY26 stood at ₹756.53 lakhs (per filings) or ₹668.83 lakhs (per F_SCALE), driven by interest income of ₹648.33 lakhs, up from ₹590.05 lakhs the previous year. Despite the top-line growth, profit after tax fell 9.8% to ₹317.91 lakhs from ₹352.34 lakhs, hit by higher finance costs (₹53.15 lakhs vs ₹40.89 lakhs) and a 73% rise in impairment on financial instruments to ₹50.45 lakhs. The company funded its loan book expansion by sharply increasing borrowings from ₹112.73 lakhs to ₹1,029.27 lakhs, and operating cash flow turned negative at ₹-1,119.82 lakhs as disbursements outpaced collections. Its biggest input cost is finance cost (interest paid on borrowings), while employee costs run at 16.1% of revenue and other operating expenses at 16.5%.