Dhvija Finance first-half profit reaches Rs 7.5128 crore

Dhvija Finance Limited reported unaudited profit after tax of Rs 7.5128 crore for the six months ended 30 September 2026, compared with Rs 71.77 lakh a year earlier, as interest income rose to Rs 16.6163 crore from Rs 3.1746 crore and loans and advances increased to Rs 38.7237 crore.

How much profit did Dhvija Finance report in the first half?

Dhvija Finance reported profit after tax of Rs 7.5128 crore for the half year ended 30 September 2026, compared with Rs 71.77 lakh in the corresponding 2025 period. Profit before tax rose to Rs 9.6891 crore from Rs 95.93 lakh, while total income increased to Rs 22.3861 crore from Rs 4.154 crore.

The change in total income exceeded the change in expenses during the six months to 30 September 2026. Total expenses were Rs 12.697 crore, against Rs 3.1947 crore a year earlier, and tax expense was Rs 2.1763 crore, compared with Rs 24.16 lakh. Current tax amounted to Rs 2.4378 crore and deferred tax produced a credit of Rs 26.14 lakh in the latest half year.

For the quarter ended 30 September 2026, Dhvija Finance recorded profit after tax of Rs 4.3535 crore, following Rs 3.1593 crore in the quarter ended 30 June 2026. The September 2025 quarter had generated Rs 38.92 lakh. Basic earnings per share for the September 2026 quarter were Rs 0.8902, against Rs 0.0796 a year earlier; the filing says quarterly earnings per share are not annualised.

What drove Dhvija Finance’s income growth?

Interest income was Dhvija Finance’s main reported revenue source, rising to Rs 16.6163 crore in the first half of 2026-27 from Rs 3.1746 crore in the same period of 2025-26. Sale of services increased to Rs 5.7095 crore from Rs 97.63 lakh, while other income was Rs 6.04 lakh compared with Rs 31 lakh.

The September quarter contributed more income than the June quarter. Interest income was Rs 10.4761 crore in the quarter ended 30 September 2026, compared with Rs 6.1402 crore in the preceding quarter, while sale of services was Rs 3.8299 crore versus Rs 1.8796 crore. Revenue from operations consequently increased to Rs 14.3059 crore from Rs 8.0218 crore quarter on quarter.

Finance costs for the six months were Rs 93.04 lakh, compared with Rs 76.64 lakh in the prior-year half. The results also show impairment on financial instruments of Rs 2.1167 crore for the latest half year. Dhvija Finance states that financing is its primary business and therefore it has no separate reportable operating segments under Indian Accounting Standard 108.

How did Dhvija Finance’s loans and assets change?

Loans and advances stood at Rs 38.7237 crore at 30 September 2026, up from Rs 25.7895 crore at 31 March 2026 and Rs 25.8025 crore at 30 September 2025. Total financial assets increased to Rs 44.6469 crore from Rs 28.6151 crore at 31 March 2026, while total assets rose to Rs 45.8685 crore from Rs 29.2201 crore.

Cash and cash equivalents were Rs 5.3319 crore at 30 September 2026, compared with Rs 53.78 lakh at the start of the half year. The cash-flow statement records Rs 16.6163 crore of cash inflow from interest on loans and Rs 12.9341 crore of cash used by the increase in loans and advances during the six-month period.

Total equity was Rs 23.6181 crore at 30 September 2026, compared with Rs 16.1053 crore six months earlier, including other equity of Rs 13.8372 crore. Total financial liabilities increased to Rs 17.7648 crore from Rs 12.1503 crore. Non-financial liabilities were Rs 4.4855 crore at September, including current tax liabilities of Rs 3.2414 crore.

How was Dhvija Finance funded during the half year?

Dhvija Finance received Rs 10 crore from the issue of non-convertible debentures, or NCDs, in the half-year cash-flow statement. The company allotted 500,000 secured, unrated, unlisted, redeemable NCDs under Series A on 11 May 2026 and another 500,000 under Series B on 10 September 2026. Each series had a face value of Rs 100 per NCD and aggregated Rs 5 crore.

The company repaid Rs 4.9002 crore of long-term borrowings during the six months ended 30 September 2026. Net cash generated from financing activities was Rs 5.0998 crore, while purchases of property, plant and equipment used Rs 23.70 lakh. Net cash used in operating activities was Rs 6.88 lakh, and cash and cash equivalents increased by Rs 4.7941 crore over the period.

The integrated filing says Dhvija Finance had no outstanding default on loans and debt securities for the quarter ended 30 September 2026. The results were approved by the board on 5 November 2026 and were subject to a limited review by KSJ & Co., which reported that nothing had come to its attention to indicate a material misstatement.

What changed for Dhvija Finance shareholders in 2026?

Dhvija Finance subdivided each equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2, following the members’ resolution of 4 May 2026. The filing says its authorised share capital became Rs 15 crore, divided into 7.5 crore equity shares of Rs 2 each.

On 27 May 2026, Dhvija Finance allotted 44.45884 lakh fully paid bonus equity shares in the ratio of one bonus share for every 10 existing shares. Paid-up equity capital subsequently reached Rs 9.780944 crore, comprising 4.8904724 crore equity shares of Rs 2 each. The company also changed its name from F Mec International Financial Services Limited to Dhvija Finance Limited effective 3 August 2026.

Conclusion

Dhvija Finance’s first-half numbers show that profit after tax rose to Rs 7.5128 crore as total income reached Rs 22.3861 crore, led by Rs 16.6163 crore of interest income. The increase coincided with loans and advances rising by Rs 12.9342 crore from the 31 March 2026 balance and with Rs 10 crore of NCD proceeds recorded in the cash-flow statement.

The next financial results will indicate whether the 30 September 2026 loans and advances balance of Rs 38.7237 crore continues to support interest income. Dhvija Finance disclosed no earnings forecast or lending target in this filing, while the September-quarter integrated disclosure reported no default on loans and debt securities.