Apollo Finvest September-quarter profit rises to Rs 6.45 crore

Apollo Finvest (India) Limited reported profit after tax of Rs 6.45 crore for the quarter ended September 30, 2026, compared with Rs 1.74 crore a year earlier, as total income rose to Rs 16.79 crore from Rs 5.17 crore despite impairment on financial instruments increasing to Rs 2.97 crore.

How much did Apollo Finvest earn in the September 2026 quarter?

Apollo Finvest earned Rs 6.45 crore in profit after tax in the quarter ended September 30, 2026, up from Rs 1.74 crore in the September 2025 quarter and Rs 3.35 crore in the June 2026 quarter. Profit before tax was Rs 8.72 crore, against Rs 2.51 crore a year earlier and Rs 4.62 crore in the preceding quarter.

The quarter’s total comprehensive income was Rs 6.45 crore, including an other comprehensive loss of Rs 0.44 lakh. Basic earnings per equity share were Rs 17.28, compared with Rs 4.67 in the September 2025 quarter and Rs 8.99 in the June 2026 quarter; the nominal value of each equity share was Rs 10.

What drove Apollo Finvest’s income growth?

Apollo Finvest’s total revenue from operations reached Rs 16.78 crore in the September 2026 quarter, versus Rs 5.16 crore a year earlier and Rs 8.49 crore in June 2026. Total income, which also includes other income, was Rs 16.79 crore, while other income fell to Rs 1.04 lakh from Rs 20.53 lakh in the preceding quarter.

Interest income was Rs 7.71 crore, rising from Rs 2.91 crore in September 2025 and Rs 4.64 crore in June 2026. Fee and commission income was Rs 8.81 crore, compared with Rs 1.75 crore a year earlier and Rs 3.36 crore sequentially. These two lines accounted for Rs 16.53 crore of quarterly revenue from operations, while net gain on fair-value changes was Rs 24.35 lakh, below Rs 49.70 lakh a year earlier.

For the half-year ended September 30, 2026, Apollo Finvest reported total income of Rs 25.49 crore, compared with Rs 10.41 crore in the corresponding 2025 half-year. Half-year interest income increased to Rs 12.35 crore from Rs 6.49 crore, while fee and commission income rose to Rs 12.18 crore from Rs 3.01 crore.

How did expenses and impairment affect Apollo Finvest’s result?

Apollo Finvest’s total expenses rose to Rs 8.07 crore in the September 2026 quarter from Rs 2.64 crore a year earlier, with impairment on financial instruments increasing to Rs 2.97 crore from Rs 29.82 lakh. The impairment charge was also above Rs 49.42 lakh in the June 2026 quarter, even as quarterly profit after tax increased.

Fee and commission expense was Rs 2.81 crore, compared with Rs 13.33 lakh in September 2025 and Rs 1.33 crore in June 2026. Employee benefits expense increased to Rs 1.26 crore from Rs 93.28 lakh a year earlier, while finance costs declined to Rs 40.08 lakh from Rs 70.05 lakh. Depreciation and amortisation were Rs 22.67 lakh, compared with Rs 22.07 lakh a year earlier.

Tax expense totalled Rs 2.27 crore for the quarter, comprising current tax of Rs 2.64 crore and a deferred-tax credit of Rs 37.10 lakh. In the year-earlier quarter, total tax expense was Rs 76.98 lakh. Apollo Finvest recorded no exceptional item in the September 2026 quarter; the corresponding half-year ended September 2025 included an exceptional item of Rs 1.96 crore.

What changed in Apollo Finvest’s balance sheet and cash flow?

Apollo Finvest’s total assets were Rs 121.95 crore as of September 30, 2026, up from Rs 104.74 crore on March 31, 2026, led by loans of Rs 90.13 crore compared with Rs 62.47 crore. Investments decreased to Rs 17.37 crore from Rs 29.31 crore over the same period, while cash and cash equivalents increased to Rs 4.59 crore from Rs 3.48 crore.

Total liabilities rose to Rs 37.86 crore from Rs 30.45 crore, and total equity increased to Rs 84.09 crore from Rs 74.29 crore. Debt securities were unchanged at Rs 15.11 crore, while deposits increased to Rs 3.18 crore from Rs 2.21 crore. Other equity stood at Rs 80.36 crore at September 30, 2026, against Rs 70.56 crore at the March 2026 year-end.

Net cash flow from operating activities was an outflow of Rs 10.44 crore for the half-year ended September 30, 2026. The cash-flow statement reported an increase in loans of Rs 29.76 crore and cash generated from operations of negative Rs 9.60 crore; investing activities generated Rs 12.55 crore, including Rs 12.67 crore from the purchase or sale of investments.

What does Apollo Finvest disclose about its co-lending portfolio?

Apollo Finvest disclosed 25,175 co-lending disbursements as a partner regulated entity during the half-year ended September 30, 2026, in personal loans. Total disbursements were Rs 36.19 crore and the weighted average annual interest rate was 38.27%.

The gross outstanding amount under this co-lending arrangement was Rs 41.93 crore as of September 30, 2026. Standard loans were Rs 41.82 crore, non-performing loans were Rs 11.07 lakh, and write-offs during the half-year were Rs 46.75 lakh. Apollo Finvest reported nil co-lending activity as an originating regulated entity, as well as nil loans transferred or acquired through the specified assignment and novation disclosures.

Apollo Finvest said the New Labour Codes resulted in a Rs 1.40 lakh estimated incremental gratuity charge for the quarter and half-year ended September 30, 2026. The company said it will evaluate and account for any additional impact in later periods after related rules are notified and further government clarification is available.

Conclusion

Apollo Finvest’s September-quarter result combined interest income of Rs 7.71 crore and fee and commission income of Rs 8.81 crore with profit after tax of Rs 6.45 crore. The result was recorded despite a Rs 2.97 crore impairment charge, while loans increased by Rs 27.66 crore from the March 2026 balance-sheet date.

The next disclosed matter to watch is any additional accounting impact from the New Labour Codes, for which Apollo Finvest has recorded Rs 1.40 lakh and said it will reassess the position when rules and clarifications emerge. The disclosed co-lending portfolio, with Rs 41.93 crore gross outstanding at September 30, 2026, is another reported balance to track in subsequent financial results.