Banas Finance records Rs 3.56196 crore Tilak Ventures share

Banas Finance Limited recorded a Rs 3.56196 crore share of profit from Tilak Ventures Limited for the half year ended September 30, 2026, lifting consolidated profit for the period to Rs 8.95966 crore from Rs 5.39770 crore before the associate share. Banas Finance held 48.84% of Tilak Ventures at September 30, 2026.

How much did Tilak Ventures add to Banas Finance profit?

Tilak Ventures added Rs 3.56196 crore to Banas Finance’s consolidated profit for the half year ended September 30, 2026, through the equity method of accounting. The consolidated statement reports Rs 5.39770 crore profit from continuing operations before this associate-profit line and Rs 8.95966 crore total profit for the period after recognising the associate share.

The contribution was split between Rs 2.10763 crore in the quarter ended June 30, 2026, and Rs 1.45433 crore in the quarter ended September 30, 2026. Thus, Banas Finance’s recorded share of Tilak Ventures’ profit declined by Rs 0.65330 crore quarter on quarter, while the two quarterly figures totalled the reported first-half amount.

The latest first-half associate share exceeded the Rs 2.73412 crore reported for the half year ended September 30, 2025. The change was Rs 0.82784 crore, and it relates to Banas Finance’s equity-accounted share rather than Tilak Ventures’ full-company profit, which is not separately disclosed in the supplied filing.

The filing also reports Rs 0.53781 crore of other comprehensive income, net of tax, from associates for the latest half year, compared with a negative Rs 0.20380 crore a year earlier. This resulted in Rs 4.09977 crore of total comprehensive income from the associate in the half year ended September 30, 2026.

Why does Banas Finance account for Tilak Ventures as an associate?

Banas Finance accounts for Tilak Ventures as an associate because it held 65,30,79,183 fully paid equity shares, equal to 48.84% of Tilak Ventures’ total capital, at September 30, 2026. The company states in its November 5, 2026 results that this holding makes Tilak Ventures its associate and requires consolidated unaudited financial results.

The Tilak Ventures shares had a face value of Rs 1 each, according to the filing. Banas Finance does not disclose the acquisition cost, market value, any planned purchase or sale, or Tilak Ventures’ standalone financial statements in the supplied announcement; it instead presents its share of the associate’s results using the equity method.

This treatment separates the associate contribution from Banas Finance’s revenue and expense lines. For the half year ended September 30, 2026, Banas Finance reported total income of Rs 9.24644 crore and profit before tax of Rs 5.39770 crore before the Rs 3.56196 crore share of associates’ profit was added to determine total profit for the period.

The associate’s contribution was also material to comprehensive income. Banas Finance reported total comprehensive income of Rs 37.282? crore for the latest first half, but the supplied table’s presentation of this total is not sufficiently clear to isolate all components beyond the separately stated Rs 4.09977 crore associate comprehensive-income contribution. The clearly disclosed associate amounts are therefore the relevant measure of Tilak Ventures’ recorded impact.

How did Banas Finance’s own finance business perform?

Banas Finance’s finance-business revenue was Rs 9.15068 crore in the half year ended September 30, 2026, down from Rs 22.76985 crore in the corresponding prior-year half. Despite the lower revenue, the finance-business segment result before tax and interest rose to Rs 5.30194 crore from Rs 2.85571 crore.

Sales of shares and securities declined to Rs 5.40110 crore from Rs 17.88146 crore in the comparable 2025 half year. Interest income from securities also decreased to Rs 0.71428 crore from Rs 1.30369 crore, while income or loss from futures and options fell to Rs 2.22708 crore from Rs 2.61934 crore.

Other operating income was Rs 0.09576 crore in the latest half year, against Rs 0.16182 crore a year earlier. The company’s total income, including this other income, was Rs 9.24644 crore, compared with Rs 22.93168 crore in the half year ended September 30, 2025.

Profit before tax increased by Rs 2.38016 crore year on year to Rs 5.39770 crore. The filing reports a negative provision-made expense of Rs 2.32858 crore in the latest half year, compared with a negative Rs 4.96055 crore a year earlier, while bad debts were nil against Rs 4.53247 crore in the previous corresponding period.

What changed in Banas Finance’s balance sheet and cash flow?

Banas Finance’s consolidated total assets rose to Rs 172.60437 crore at September 30, 2026, from Rs 138.06797 crore at March 31, 2026. Investments increased to Rs 127.48659 crore from Rs 99.54863 crore, while cash and cash equivalents rose to Rs 10.19197 crore from Rs 2.55123 crore.

Consolidated equity increased to Rs 171.78195 crore at September 30, 2026, compared with Rs 137.43194 crore at March 31, 2026. Paid-up share capital was unchanged at Rs 89.57767 crore, whereas other equity rose to Rs 82.20428 crore from Rs 47.85426 crore over the six-month period.

Consolidated borrowings were Rs 0.58367 crore at September 30, 2026, marginally below Rs 0.58654 crore at March 31, 2026. Total financial liabilities were Rs 0.82240 crore, compared with Rs 0.63603 crore at the prior financial year-end, including Rs 0.15446 crore of other financial liabilities.

Net cash from operating activities was Rs 2.04105 crore in the half year ended September 30, 2026, compared with an outflow of Rs 2.57440 crore a year earlier. Investing activities generated Rs 5.59996 crore of net cash, versus an outflow of Rs 0.31368 crore, producing a net increase in cash and cash equivalents of Rs 7.64074 crore against a Rs 2.90122 crore decline in the prior-year half.

Conclusion

Banas Finance’s September 2026 half-year results show that Tilak Ventures contributed Rs 3.56196 crore of equity-accounted profit and Rs 4.09977 crore of total comprehensive income. That profit share increased from Rs 2.73412 crore a year earlier and took reported total profit for the period from Rs 5.39770 crore before the associate line to Rs 8.95966 crore.

Readers should watch the next quarterly associate-profit disclosure after Banas Finance’s share fell from Rs 2.10763 crore in the June 2026 quarter to Rs 1.45433 crore in the September 2026 quarter. The November 5, 2026 filing confirms a 48.84% holding at September 30, 2026 but discloses no target, disposal plan or further investment plan for Tilak Ventures.