According to reports from Business Standard, Srestha Finvest reported a consolidated net loss of ₹27.43 crore in the quarter ended June 2026, marking a significant deterioration from the net profit of ₹2.17 crore recorded in the corresponding quarter of the previous financial year. The latest results, approved by the board of directors at a meeting held on August 14, 2026, show a complete reversal in the company's profitability position year-over-year. On a standalone basis, the company reported a net loss of ₹2,743.05 lakhs, reversing from a net profit of ₹217.41 lakhs in Q1FY26.
As reported by Business Standard, the company's sales declined by 66.85% to ₹1.22 crore in Q1 FY27, compared to ₹3.68 crore in the same quarter of the previous financial year. According to the latest unaudited results, total income fell to ₹229.95 lakhs from ₹367.54 lakhs in Q1FY26, with revenue from operations declining to ₹122.31 lakhs from ₹367.53 lakhs in the year-ago quarter. Interest income dropped significantly to ₹111.76 lakhs from ₹320.52 lakhs, while other income rose sharply to ₹107.64 lakhs from ₹0.01 lakhs in Q1FY26.
According to the latest unaudited results, NPA provisions surged to ₹3,885.52 lakhs in Q1FY27, compared to nil in the year-ago period, making them the dominant driver of losses. The consolidated loss before tax was ₹3,721.05 lakhs, compared to a profit before tax of ₹217.20 lakhs in Q1FY26. Total expenses on a consolidated basis were ₹3,951.00 lakhs, with the Lending Division reporting a segment loss before tax of ₹3,721.03 lakhs compared to revenue of ₹320.52 lakhs and profit of ₹149.66 lakhs in Q1FY26. The Investment/Trading segment reported nil revenue and nil profit for the quarter.
The board noted regulatory fines from BSE and Metropolitan Stock Exchange of India for late shareholding pattern filing, in violation of Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Auditors issued a qualified conclusion citing the company's non-provision of interest of ₹17.06 lakhs on borrowings from Arcadia Shipping Ltd due to an ongoing dispute, which understated finance costs and overstated profit after tax. The company has not provided interest of ₹17.07 lakhs on borrowings for one party due to an ongoing dispute regarding interest and claim repayment, and has sought legal opinion on the matter. No interim dividend was declared for the quarter.
According to the latest unaudited results, paid-up equity share capital stood at ₹17,575.00 lakhs as of Q1FY27, up from ₹16,400.00 lakhs in the prior periods, following the allotment of 11,75,00,000 equity shares of ₹1 each at a premium of ₹0.05 per share pursuant to conversion of convertible warrants on April 13, 2026. Reserves excluding revaluation reserves stood at ₹(3,523.23) lakhs. The company operates across two segments: Lending Division and Investment/Trading in Equity and F&O, with total segment assets at ₹25,169.13 lakhs and total segment liabilities at ₹10,495.53 lakhs. The board meeting commenced at 9:30 pm and concluded at 10:30 pm, with total comprehensive income attributable to shareholders of the group at ₹(1,823.07) lakhs.
