Classic Leasing & Finance Posts Quarterly Results; Board Approves Q3 Financials and Plans EGM
Classic Leasing & Finance Ltd has announced the approval of its audited financial results for the quarter and year ended March 31, 2026. The company also decided to convene an Extra-Ordinary General Meeting (EGM) to address related matters.The Board of Directors approved the financial outcomes following a meeting held on May 27, 2026. In addition to approving the quarterly results, the Board decided to hold an EGM on Saturday, June 27, 2026, at the company's Registered Office.
Financial Performance Overview (Quarter Ended March 31, 2026)
The standalone statement of profit and loss for the quarter ended March 31, 2026, showed strong performance metrics. Total Revenue from Operations stood at 51.01 Lakhs, while Total Income reached 57.32 Lakhs. The company reported a Profit After Tax Other Comprehensive amounting to 111.68 Lakhs for the period. Earnings per share (basic) was reported at 0.41 Lakhs.Key financial metrics for March 31, 2026, are summarized below:
| Metric | Value |
|---|---|
| Total Income | 57.32 Lakhs |
| Profit After Tax Other Comprehensive | 111.68 Lakhs |
| Earnings Per Share (Basic) | 0.41 |
| Total Assets | 1,512.69 Lakhs |
Capital Structure and Operational Updates
In terms of capital activity, the company had previously received proceeds from a preferential issue of shares on January 11, 2026. The issuance involved alloting 92.5 lakh equity shares of 10 each at a premium of X1.5 per share, raising Rs 1063.75 Lakhs. These funds were designated for funding the working capital requirements of the company.Auditor's Report and Qualifications
The audit of the standalone financial statements revealed certain qualifications that were noted by the independent auditors:Investment Fair Value: The auditors reported that they could not quantify the fair value of specific investments as prepared under Ind AS due to the unavailability of complete and updated financial information from the investee companies. Consequently, these investments have been carried at their existing carrying values based on the latest available information.
Contingent Liability: A significant qualification related to a contingent liability was noted, where the company did not provide a provision for Rs 316.31 Crore concerning a corporate guarantee given for My/s Kohinoor Steel Private Limited, which is currently undergoing CIRP process. The management responded by noting that the matter is under active monitoring and they believe the likelihood of crystallization is remote at this stage.
Financial Position Summary (March 31, 2026)
The company's balance sheet as of March 31, 2026, showed a Total Assets figure of 1,512.69 Lakhs. The equity structure included a Equity Share Capital of 1,225.02 Lakhs.| Financial Parameter | As at March 31, 2026 (in Lakhs) |
|---|---|
| Total Assets | 1,512.69 |
| Total Liabilities and Equity | 1,512.69 |
Stock Price Movement
Classic Leasing & Finance Ltd finished the trading day on Friday, settling at ₹57.48, after rising 4.51%. The shares fluctuated throughout the session between an intraday low of ₹55.00 and a high of ₹57.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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