Goenka Business & Finance assets rise 23% by September 2026

Goenka Business & Finance Limited reported total assets of Rs 487.2845 crore at September 30, 2026, up 23% from Rs 396.0734 crore at March 31, 2026, led by a Rs 41.7691 crore increase in inventories and accompanied by a Rs 73.4449 crore rise in financial liabilities. Goenka Business & Finance disclosed the figures in its unaudited half-year results.

How much did Goenka Business & Finance’s balance sheet grow?

Goenka Business & Finance’s total assets increased by Rs 91.2111 crore over the six months to September 30, 2026, reaching Rs 487.2845 crore from Rs 396.0734 crore at March 31, 2026. The company reported the balance-sheet statement with results for the quarter and half year ended September 30, which its board approved on November 6, 2026.

Financial assets rose by Rs 32.3675 crore to Rs 375.2675 crore, while non-financial assets increased by Rs 58.8436 crore to Rs 112.017 crore. Non-financial assets therefore accounted for the larger portion of the Rs 91.2111 crore total asset increase, even though financial assets remained the larger asset grouping at September 30.

Goenka Business & Finance reported equal totals of Rs 487.2845 crore for assets and for liabilities and equity at September 30, 2026, as required by the statement format. The filing says the company operates in a single segment under Indian Accounting Standard 108, so it does not provide a segment-level allocation for the balance-sheet changes.

Which assets drove Goenka Business & Finance’s expansion?

Goenka Business & Finance’s inventories produced the largest individual increase among listed asset categories, rising 82% to Rs 92.6495 crore at September 30 from Rs 50.8804 crore at March 31. The Rs 41.7691 crore increase was reflected in the half-year profit-and-loss statement as a negative Rs 41.7691 crore change in inventories of finished goods.

Loans remained Goenka Business & Finance’s largest listed asset, increasing by Rs 15.7902 crore to Rs 336.7899 crore from Rs 320.9997 crore. Investments grew by Rs 11.9184 crore to Rs 29.8387 crore, while other financial assets rose to Rs 1.2907 crore from Rs 11.34 lakh.

Other non-financial assets increased by Rs 17.0728 crore to Rs 19.324 crore at September 30, compared with Rs 2.2512 crore at March 31. Property, plant and equipment rose by Rs 23,000 to Rs 3.40 lakh, while deferred tax assets declined by Rs 6,000 to Rs 95,000.

How did Goenka Business & Finance fund its larger asset base?

Goenka Business & Finance funded most of the balance-sheet expansion through higher liabilities, with financial liabilities increasing by Rs 73.4449 crore to Rs 428.0281 crore at September 30 from Rs 354.5832 crore at March 31. Other financial liabilities made up almost all of this movement, rising by Rs 73.3937 crore to Rs 427.0574 crore.

Non-financial liabilities increased by Rs 15.6108 crore to Rs 21.1048 crore over the same period. Provisions rose by Rs 1.4519 crore to Rs 3.8587 crore, and other non-financial liabilities increased by Rs 14.1589 crore to Rs 17.2461 crore.

Goenka Business & Finance’s equity share capital remained Rs 13.0001 crore at both reporting dates, while other equity increased by Rs 2.1554 crore to Rs 25.1515 crore. The separate borrowings line was nil at both September 30 and March 31, whereas the filing reported the Rs 73.3937 crore increase within other financial liabilities.

What do Goenka Business & Finance’s cash flows show?

Goenka Business & Finance reported operating cash flow of Rs 12.6273 crore for the half year ended September 30, 2026, compared with Rs 9.0653 crore for the year ended March 31, 2026. The figures cover different periods, six months and a full year respectively, and therefore do not provide a like-for-like operating cash-flow comparison.

Operating assets used Rs 76.585 crore in the September half year, while operating liabilities contributed Rs 86.9537 crore. Those movements resulted in a positive working-capital change of Rs 10.3687 crore, compared with a negative Rs 1.9716 crore for the year ended March 31, 2026.

Investing activities used Rs 9.1457 crore during the half year, including Rs 9.1332 crore relating to current investments and Rs 1.25 lakh for non-current assets. With no financing cash flow reported, cash inflow was Rs 3.4816 crore and closing cash and cash equivalents were Rs 7.3482 crore; the balance sheet listed Rs 1.50 lakh of cash and cash equivalents plus Rs 7.3332 crore of other bank balances.

How did Goenka Business & Finance perform in the half year?

Goenka Business & Finance reported profit after tax of Rs 2.03 lakh for the half year ended September 30, 2026, compared with a loss after tax of Rs 2.3044 crore in the corresponding half year of 2025. Total income rose to Rs 53.8999 crore from Rs 39.439 crore, while total expenses increased to Rs 53.2265 crore from Rs 42.2397 crore.

Interest income increased to Rs 18.2909 crore from Rs 8.617 crore year on year, and sale of share or service revenue rose to Rs 35.4655 crore from Rs 30.6377 crore. Finance cost also increased to Rs 18.4486 crore from Rs 9.3994 crore during the half year in which financial liabilities reached Rs 428.0281 crore.

For the September 2026 quarter, Goenka Business & Finance recorded a loss after tax of Rs 9.08 lakh, after a profit after tax of Rs 11.09 lakh in the June 2026 quarter. September-quarter profit before tax was Rs 24.83 lakh and tax expense was Rs 33.91 lakh, while total comprehensive income was Rs 44.10 lakh after Rs 53.18 lakh of other comprehensive income.

Conclusion

Goenka Business & Finance expanded its balance sheet by Rs 91.2111 crore in the six months to September 30, 2026, with inventories, loans, investments and other non-financial assets contributing to the increase. Financial liabilities rose by Rs 73.4449 crore and non-financial liabilities by Rs 15.6108 crore, while other equity added Rs 2.1554 crore and share capital was unchanged.

The next results can show whether inventories of Rs 92.6495 crore, loans of Rs 336.7899 crore and other financial liabilities of Rs 427.0574 crore continue to change. The filing also states that the half-year cash-flow statement was approved by the board but was not subjected to statutory auditor review, unlike the interim financial results, which received a limited review report.