<h1>Gujarat Lease Financing Ltd Reports Q1 Results, Incuring Loss of 8.03 Lakhs</h1>
Gujarat Lease Financing Limited has released its Unaudited Financial Results for the quarter ended June 30, 2026. The company reported a profit (loss) before tax of 8.03 lakh in the current quarter. The Board of Directors reviewed and approved these results following a meeting held on July 30, 2026, after which the limited review report by statutory auditors was completed.
The financial statements show that the company recorded an income from other sources of 9.92 lakh in the current quarter (Q1 FY27). Total Expenses for the period were reported at 17.95 lakh, leading to a profit before tax of (8.03) lakh for the quarter ended June 30, 2026.
The company's financial position carries significant adverse indicators as noted in its filings. Management confirmed that the company incurred a loss of Rs. 8.03 lakhs during the current quarter, compared to a loss of Rs. 5.86 lakhs in the corresponding quarter ended June 30, 2025. As of June 30, 2026, accumulated losses have exceeded the company's net worth, and total liabilities surpassed total assets.
Due to this situation, the financial statements have been prepared on a non-going concern assumption, which requires that financial assets are stated at their realizable value or cost, whichever is lower. The company currently does not have any business plan and intends no near future business activity.
A summary of key financial metrics across multiple periods is provided below:
| Particulars | Quarter ended 30.06.2026 (Unaudited) | Quarter ended 31.03.2026 (Audited) | Quarter ended 30.06.2025 (Unaudited) | Year ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 0.00 lakh | 0.00 lakh | 0.00 lakh | 0.00 lakh |
| Other Income | 9.92 lakh | 10.84 lakh | 10.48 lakh | 42.53 lakh |
| Total Income | 9.92 lakh | 10.84 lakh | 10.48 lakh | 42.53 lakh |
| Total Expenses | 17.95 lakh | 5.17 lakh | 16.34 lakh | 37.82 lakh |
| Profit (Loss) before tax | (8.03) lakh | 5.67 lakh | (5.86) lakh | 4.71 lakh |
The company's financial results, according to the limited review conducted by the statutory auditors, indicate that nothing came to their attention suggesting a material misstatement in the unaudited financial results prepared as per applicable accounting standards.
In a separate operational matter, the company noted that the Hon'ble High Court of Gujarat had sanctioned a scheme of compromise and arrangement between the company and a consortium of 16 banks on July 27, 2004, under Section 391 of the Companies Act, 1956. The payment corresponding to this order was made in the accounting year 2004-05, although the final Deed of Assignment of charged assets is yet to be executed.
GLFL Stock Price Movement
Gujarat Lease Financing Limited shed 0.52% in trading today, closing at ₹5.75. The equity traded a total volume of 1,521 shares during the session.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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