V B Desai Financial Services Announces Q1 Results; Independent Director Resigns
V B Desai Financial Services Ltd has released its unaudited financial results for the quarter ended June 30, 2026. The company also announced the acceptance of the resignation of Mr. Nilesh Ramanlal Doshi from his position as an Independent Director and Chairman of the Board, effective July 29, 2026.The results reflect the operational performance during the quarter. The unaudited financial statements for V B Desai Financial Services Ltd are available, showing key metrics derived from the board-approved review.
Q1 2026 Financial Highlights (in Lakhs)
The company's financial health indicators for the quarter ended June 30, 2026, show:- Total Income: ₹135.80 lakhs
- Total Expenses: ₹93.16 lakhs
- Net Profit for the Period: ₹29.16 lakhs
- Earnings Per Share (EPS) Basic: ₹0.64 per share
For a comprehensive view, the financial status across various periods is detailed below:
| Metric | Current Quarter Ended 30th June, 2026 (Unaudited) | Preceding Period Ended 31st March, 2026 (Audited) | Corresponding Quarter Ended 30th June, 2025 (Unaudited) | Year Ended on 31st March 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 108.49 | 62.40 | 96.46 | 283.83 |
| Other Income (net) | 27.31 | 26.93 | 26.99 | 109.75 |
| Total Income | 135.80 | 89.33 | 123.45 | 393.58 |
| Total Expenses | 93.16 | 61.78 | 96.41 | 276.78 |
| Profit Before Tax (3-4) | 42.64 | 27.55 | 27.04 | 116.80 |
| Total Tax Expense | 13.48 | 6.96 | 6.76 | 29.90 |
| Net Profit for the Period | 29.16 | 20.59 | 20.28 | 86.90 |
Independent Director Resignation
The Board of Directors accepted the resignation of Mr. Nilesh Ramanlal Doshi, who served as an Independent Director and Chairman of the Board. The resignation became effective from July 29, 2026.Mr. Doshi tendered his resignation citing health problems as the reason for stepping down. He confirmed that there were no material reasons for his resignation other than the stated health concerns.
Stock Price Movement
V B Desai Financial Services Ltd shares settled on Wednesday after gaining 2.82%, closing at ₹17.48. The stock maintained movement within its intraday range, having dipped to a low of ₹17.00 and peaking at a high of ₹17.50.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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