Aastamangalam Finance posts Rs 2.07 crore loss in September quarter

Aastamangalam Finance Limited reported a Rs 2.07 crore loss for the quarter ended September 30, 2026, compared with a Rs 2.38 crore profit a year earlier, as a Rs 4.70 crore statutory provision on loan assets exceeded its Rs 1.71 crore total income. The board approved the unaudited standalone results on November 13, 2026.

Why did Aastamangalam Finance report a September-quarter loss?

Aastamangalam Finance reported a loss because its Rs 4.70 crore statutory provision on loan assets was larger than the Rs 1.71 crore of total income recorded in the quarter ended September 30, 2026. Total expenses reached Rs 4.69 crore, producing a pre-tax loss of Rs 2.07 crore. With no tax expense or exceptional items reported, the pre-tax loss was also the loss after tax.

The result marked a reversal from the quarter ended September 30, 2025, when Aastamangalam Finance reported profit after tax of Rs 2.38 crore. In that earlier quarter, the statutory provision line was presented as a negative Rs 39.95 lakh, while the September 2026 quarter included a Rs 4.70 crore charge. The filing does not provide a further explanation for the movement in the provision.

Interest income was Aastamangalam Finance's only reported revenue from operations in both September quarters, and the company reported no other income. Total income consequently fell by Rs 1.91 crore year on year, from Rs 3.62 crore to Rs 1.71 crore. Basic earnings per share moved to a loss of Rs 11.91 in September 2026 from earnings of Rs 15.30 a year earlier.

How did Aastamangalam Finance's quarterly income and costs change?

Aastamangalam Finance's income declined both sequentially and year on year in the September 2026 quarter. Total income was Rs 1.71 crore, compared with Rs 4.27 crore in the June 2026 quarter and Rs 3.62 crore in the September 2025 quarter. As the filing identifies all operating revenue as interest income, the reported decline was in the interest-income line.

Total expenses increased to Rs 4.69 crore from Rs 93 lakh in the June 2026 quarter. The statutory provision on loan assets rose to Rs 4.70 crore from Rs 47.50 lakh over the same comparison. Employee benefit expense increased to Rs 12.23 lakh from Rs 6.49 lakh, while other expenses rose to Rs 14.04 lakh from Rs 6.69 lakh.

The finance-cost line was a negative Rs 28.01 lakh in the September 2026 quarter, compared with Rs 74.52 lakh in June 2026 and Rs 57.48 lakh in September 2025. Depreciation and amortisation expense was Rs 14,000, against Rs 25,000 in the preceding quarter. On the reported figures, the loan-asset provision was the largest expense item in the September quarter.

What do Aastamangalam Finance's six-month results show?

Aastamangalam Finance recorded total income of Rs 5.99 crore for the period ended September 30, 2026, down from Rs 8.33 crore in the corresponding 2025 period. The six-month figure comprised Rs 4.27 crore in the June quarter and Rs 1.71 crore in the September quarter. Profit after tax for the period was Rs 37.18 lakh, despite the September-quarter loss.

The statutory provision on loan assets for the period ended September 30, 2026 was Rs 4.75 crore, compared with a negative Rs 40.70 lakh in the corresponding prior-year period. Total expenses were Rs 5.62 crore, leaving profit before tax of Rs 37.18 lakh. The statement shows no tax expense for the six-month period, so reported profit after tax was also Rs 37.18 lakh.

Operating cash flow was an outflow of Rs 1.18 crore for the period ended September 30, 2026, compared with an inflow of Rs 17.65 crore for the year ended March 31, 2026. The cash-flow statement recorded Rs 2.54 crore of changes in loans, advances and other current assets and Rs 4.23 crore of changes in other current liabilities and provisions. Those working-capital movements outweighed the Rs 5.59 crore operating amount before working-capital changes.

What was Aastamangalam Finance's balance-sheet position at September 30?

Aastamangalam Finance reported total assets of Rs 139.89 crore at September 30, 2026, compared with Rs 138.88 crore at March 31, 2026 and Rs 133.09 crore a year earlier. Loans were Rs 117.70 crore, up from Rs 115.62 crore at the March 2026 year-end and Rs 95.72 crore at September 30, 2025. Loans were the largest disclosed asset category.

Cash and cash equivalents fell to Rs 20.84 crore at September 30, 2026 from Rs 22.37 crore at March 31, 2026 and Rs 37.15 crore a year earlier. The Rs 1.53 crore decrease from March matches the net decrease in cash and cash equivalents stated in the cash-flow statement. Other receivables increased to Rs 1.29 crore from Rs 83.20 lakh at March 31, 2026.

Borrowings other than debt securities were Rs 50.57 crore at September 30, 2026, marginally above Rs 50.45 crore at March 31, 2026. Equity share capital was unchanged at Rs 15.54 crore, while other equity rose to Rs 68.33 crore from Rs 67.97 crore. Provisions increased to Rs 2.35 crore from Rs 55.08 lakh over the six months.

What did Aastamangalam Finance disclose about the review and business?

Aastamangalam Finance said its audit committee reviewed and its board approved the standalone results on November 13, 2026. The filing states that the September 30, 2026 financial results were subjected to review by the statutory auditors. The board meeting began at 6:00 p.m. and concluded at 8:15 p.m. on that date.

Venkat and Rangaa LLP issued its limited review report on November 13, 2026. The firm said nothing had come to its attention indicating that the results were materially misstated or not prepared under applicable accounting standards, disclosure requirements and relevant prudential norms. The report says a limited review provides moderate assurance and is not an audit opinion.

Aastamangalam Finance said it deals only in financing activities, making Indian Accounting Standard 108 on operating segments inapplicable. The filing therefore contains no separate segment revenue, profit or asset disclosure. It also says comparative figures were regrouped or rearranged where required, and it discloses no loan-growth target, capital-raising plan or future provisioning target.

Conclusion

Aastamangalam Finance moved from a Rs 2.38 crore profit to a Rs 2.07 crore loss in the September 2026 quarter as interest income fell to Rs 1.71 crore and the statutory provision on loan assets reached Rs 4.70 crore. Over the six months, loans increased to Rs 117.70 crore while cash and cash equivalents declined to Rs 20.84 crore.

The key unresolved item is the development of the loan-asset provision after the Rs 4.75 crore charge for the period ended September 30, 2026, alongside any change in interest income from the September-quarter level. Aastamangalam Finance disclosed no management target, capital plan or timetable for addressing these items in its November 13, 2026 filing.