Upsurge Investment & Finance Q1 FY27 earnings call
In brief
Upsurge Q1 FY27 net profit ₹16.06 cr vs ₹7.68 cr; EPS ₹7.33 vs ₹3.83; promoter warrants converted at ₹73/share.
- Management's tone
- Cautious
- What was said
- Even-handed
- Guidance
- None given
- Analyst pushback
- Low
- Stock, next session
- −0.63% (Nifty 50 −0.42%)
- Q1 FY27 net profit ₹16.06 cr vs ₹7.68 cr in the year-ago quarter; EPS ₹7.33 vs ₹3.83.
- Promoter group converted all warrants into equity at ₹73/share, investing the full ₹13.14 cr.
- Board declared an interim dividend of 50 paise per share, the fifth consecutive year of payouts.
- Chairman attributed quarterly P&L volatility to the mixed investment-and-finance model, not lending quality.
- Company completed a rebranding exercise and launched new website upsurgeinvestment.com.
An AI read of the company's transcript · the filing
The numbers
The quarter, Q1 FY27
| This quarter | A year ago | Last quarter | Margin | |
|---|---|---|---|---|
| Revenue | ₹34.4 cr | +52.9% | +1320.0% | |
| Profit before tax | ₹20.6 cr | +88.5% | — | 59.8% (48.5% a year ago) |
| Net profit | ₹16.1 cr | +109.2% | — | 46.7% (34.1% a year ago) |
| EPS (₹) | ₹7.33 | +91.4% | — |
From the company's filed results for the quarter ended 30 Jun 2026 (standalone), not from the call.
What moved the numbers, as management explained it
- Chairman tied quarter-on-quarter P&L swings to market moves under the mixed investment-and-finance model, not to any change in lending quality.
- No driver-level breakdown was offered for Q1 FY27 PAT of ₹16.06 cr versus ₹7.68 cr a year earlier; security-backed lending was said to be unchanged.
The numbers management led with
- Promoter warrant conversion: Rs 13.14 crore at Rs 73 per share (FY26)
- Q1 FY27 net profit: Rs 6.06 crore vs Rs 7.68 crore in Q1 FY26
- Interim dividend FY26: 50 paise per share; fifth consecutive year
The business
Balance sheet, capex and funding
- Promoter group converted all warrants into equity at ₹73/share, infusing ₹13.14 cr of capital during the year.
- Chairman said borrowings are kept low and capital kept strong; no specific debt or cash figure was disclosed.
The industry, as management sees it
Management views India's growing businesses as needing capital that is quick, careful and fair; positions Upsurge to serve SMEs with a stronger capital base post-rebranding.
Risks management named
- Quarterly P&L volatility due to mixed investment-and-finance business mix
Q&A
The read of this call has no Q&A.
What was said
Topic by topic, in the order it was spoken
AGM Convening and Quorum Confirmation · Mrs. Daya Dhavalbhai Savani (Company Secretary)
- Meeting convened via VC/OAVM in line with the Companies Act, 2013 and MCA/SEBI circulars.
- Quorum confirmed through VC participation; meeting called to order.
- CS acknowledged proxy facility not applicable; remote e-voting on CDSL platform facilitated.
Introduction of Board Members and Auditors · Mrs. Daya Dhavalbhai Savani (Company Secretary)
- Board introduced: Mr. Dayakrishna Goyal (MD/Chair), Mrs. Pratibha Goyal (NED), Mr. Satish Kumar Gupta and Mr. Vivek Jain (Independent Directors), Mr. Mayank Goyal (CFO).
- Statutory Auditor Mr. Satish Trivedi and Scrutinizer Mr. BK Gupta also welcomed.
- Each director greeted shareholders briefly from their respective VC locations.
Chairman's Address — Financials and Plans · Mr. Dayakrishna Goyal (Chairman & MD)
- Stated philosophy: 'protect capital first, grow it second' — unchanged since 1994.
- Promoter group converted all warrants into equity at Rs 73/share, infusing Rs 13.14 crore; signals long-term promoter commitment.
- Most extensive rebranding exercise in company history completed; new website upsurgeinvestment.com is live.
- Q1 FY27 (Apr–Jun 2026) net profit was Rs 6.06 crore vs Rs 7.68 crore in the prior-year quarter; EPS Rs 7.33 vs Rs 3.83; quarterly volatility attributed to the mixed investment-and-finance business mix.
Dividend, Governance and Outlook · Mr. Dayakrishna Goyal (Chairman & MD)
- Interim dividend of 50 paise per share declared for FY26 — fifth consecutive year.
- Maintained clean compliance record with RBI, SEBI and BSE; emphasised low borrowings and strong capital.
- Positioned Upsurge to serve India's growing businesses with quick, careful, fair capital; growth to continue 'one step at a time'.
AGM Procedural Business · Mrs. Daya Dhavalbhai Savani (Company Secretary)
- Notice taken as read; agenda covered adoption of FY26 financial statements and re-appointment of Mrs. Pratibha Goyal as Director retiring by rotation.
- Auditor's Report and Secretarial Auditor's Report had no qualifications, observations or comments — not required to be read out.
- Resolutions deemed passed subject to receipt of requisite votes; e-voting window open for 15 minutes post-meeting.
Shareholder Q&A and Closure · Mrs. Daya Dhavalbhai Savani (Company Secretary)
- Combined e-voting result to be declared by the Chairman (or any authorised Director) along with the Scrutinizer's Report and filed with BSE and CDSL.
- Quorum confirmed present throughout the meeting; proceedings formally concluded.
- Chairman thanked the Board, employees and shareholders in his closing remarks.
In their words
We protect capital first, and we grow it second. That approach has not changed.
Because of Mixed business of investment and finance, the quarterly results tends to fluctuate according to market. However this fact does not affect the quality of our lending business.
To check next time
What management committed to on this call, or the dates they gave.
- Q2 FY27 PAT versus the year-ago quarter, given the chairman's flag on quarterly volatility.
- Progress on deployment of the ₹13.14 cr promoter capital into lending.
- Whether the company declares a final FY27 dividend after the 50 paise interim, given five consecutive years of payouts.
- Loan book growth and security cover, given the chairman's emphasis on backed lending.
Transcript
We have not transcribed this call's recording. Read the company's transcript (PDF).
The stock after the call
| After the call | Close | Stock | Nifty 50 |
|---|---|---|---|
| Next session Wed 30 Sept 2026 | ₹59.62 | −0.63% | −0.42% |
| 5 sessions Wed 7 Oct 2026 | ₹60.00 | 0.00% | −0.50% |
From the close of Tue 29 Sept 2026, ₹60.00: the close before the call day (the call's time is not on file). Adjusted daily closes; the move includes everything else that happened in those sessions.
Upsurge Investment & Finance's other calls
- Q1 FY26Tue 30 Sept 2025Not read