Tokyo Finance Q2 FY27 results: net profit ₹0.12 crore vs ₹0.03 crore, revenue up 109.5%

How did Tokyo Finance perform in Q2 FY27?

Tokyo Finance reported standalone revenue of ₹0.44 crore for the quarter ended 30 September 2026, against ₹0.21 crore in Q2 FY26 and ₹0.22 crore in Q1 FY27. The year-on-year increase was ₹0.23 crore, or 109.5%, while revenue doubled from the previous quarter. Profit before tax and net profit were each ₹0.12 crore, compared with ₹0.03 crore a year earlier and ₹0.06 crore in Q1 FY27.

Basic EPS was ₹0.17 in Q2 FY27, against ₹0.04 in Q2 FY26 and ₹0.08 in Q1 FY27. Profit margin was 27.6%, up 13.1 percentage points from 14.5% a year earlier and 0.6 percentage points from 27.0% in the previous quarter. EBITDA and EBITDA margin were not reported in the standalone results. The figures are on a standalone basis; the company operates in one segment, financial activity, under Ind AS 108.

The board approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026 on 22 October 2026, following review and recommendation by the audit committee. The statutory auditors issued a limited review report under SRE 2410 and reported that nothing had come to their attention causing them to believe the statement was not prepared in accordance with applicable accounting standards or had any material misstatement.

What changed in Tokyo Finance's costs and profit?

Total expenses were ₹0.32 crore in Q2 FY27, up ₹0.14 crore or 77.8% from ₹0.18 crore in Q2 FY26. Employee benefit expenses were the largest cost line at ₹0.22 crore, up ₹0.11 crore or 100.0% from ₹0.11 crore. Other expenditure was ₹0.10 crore, up ₹0.03 crore or 42.9% from ₹0.07 crore.

Finance costs were unchanged at ₹0 crore against a year earlier, as were depreciation and amortisation expenses and other income. Tax expense was unchanged at ₹0 crore. There was no exceptional item in the quarter. The filing does not state the reason for the rise in employee benefit expenses or other expenditure.

Sequentially, total expenses rose ₹0.16 crore or 100.0% from ₹0.16 crore in Q1 FY27. Employee benefit expenses increased ₹0.11 crore from ₹0.11 crore, and other expenditure rose ₹0.06 crore from ₹0.04 crore. Finance costs, depreciation, other income and tax were unchanged at ₹0 crore.

How did the first half of FY27 go?

For the first half of FY27, revenue was ₹0.44 crore, up ₹0.02 crore or 4.8% from ₹0.42 crore in H1 FY26. Total income also rose to ₹0.44 crore from ₹0.42 crore. Profit before tax and net profit were each ₹0.12 crore, up ₹0.06 crore or 100.0% from ₹0.06 crore in the year-ago period.

Basic EPS for the first half was ₹0.17, against ₹0.04 in H1 FY26, an increase of ₹0.13 or 325.0%. The company reported no exceptional item in either half-year period.

What do the balance sheet and cash flow show?

Total assets stood at ₹12.27 crore as on 30 September 2026, against ₹12.2 crore as on 31 March 2026. Total equity was ₹11.86 crore, compared with ₹11.74 crore at the previous balance sheet date. Cash and cash equivalents were ₹0.01 crore, unchanged from the previous balance sheet date. Borrowings were not reported.

For the first half of FY27, operating cash flow was negative ₹0.01 crore, compared with negative ₹0.02 crore in H1 FY26. Investing cash flow was ₹0 crore in both periods, and financing cash flow was negative ₹0 crore in each. Capital expenditure was ₹0 crore in both periods. Closing cash for the year-to-date period was not reported.

How has Tokyo Finance done over the last 8 quarters?

Revenue was ₹0.21 crore in each of the six quarters from Q3 FY25 to Q4 FY26, then ₹0.22 crore in Q1 FY27 before rising to ₹0.44 crore in Q2 FY27. Profit was at its lowest in the series with a net loss of ₹0.08 crore in Q4 FY25, then recovered to ₹0.03 crore in Q1 FY26 and Q2 FY26. EBITDA margin was not reported for any of the quarters.

Profit continued upward from ₹0.05 crore in Q3 FY26 and ₹0.06 crore in Q4 FY26 and Q1 FY27 to ₹0.12 crore in Q2 FY27, the highest in the series shown. Revenue rose year on year in each of the last three quarters, and profit rose year on year in each of the last two quarters, on the data provided.

How did Tokyo Finance shares react?

The filing was made after market hours. From the previous close of ₹19.15, the stock rose 0.2% on the reaction day. By the next day's close it was down 0.8% from its pre-results close, and by the close five sessions later it was down 6.2%. The NBFC sector median moved down 1.6% on the reaction day, down 2.0% by the next day and down 0.7% over five sessions.

The stock moved 1.8 percentage points ahead of the sector on the reaction day and 1.2 percentage points ahead by the next day's close, but by the five-session close it was 5.6 percentage points behind the sector median. Earlier reaction-day moves were 1.7% on 22 July 2026 and 2.3% on 25 April 2026, while moves of -3.2% on 10 January 2026, -1.6% on 13 October 2025 and -2.4% on 15 July 2025 were negative.

How did other Non Banking Financial Company (NBFC) companies do?

Among the 77 other NBFC companies compared for this quarter, the median revenue growth was 21.4%. Tokyo Finance's revenue growth of 109.5% was higher than that of 69 peers that grew slower and lower than that of 8 peers that grew faster. Out of 85 peers whose profit was compared, 56 reported higher profit. The peer figures are as of 4 November 2026.