Golechha Global Finance first-half revenue falls 67% year on year

Golechha Global Finance Limited reported total revenue of Rs 4.89 crore for the half year ended September 30, 2026, down 67% from Rs 14.95 crore a year earlier, chiefly because other operating income fell to Rs 4.62 crore from Rs 14.71 crore. First-half profit after tax declined to Rs 25.53 lakh from Rs 49.84 lakh.

Golechha Global Finance’s board approved the standalone unaudited results for the quarter and half year ended September 30, 2026 on November 13, 2026. The company said it operates only in non-banking financing activities and therefore has no separate reportable segment under Indian Accounting Standard 108.

What caused Golechha Global Finance’s first-half revenue decline?

Golechha Global Finance’s first-half revenue decline was driven by a Rs 10.09 crore reduction in other operating income. That line fell 69% to Rs 4.62 crore in the half year ended September 30, 2026, from Rs 14.71 crore in the corresponding six months of 2025.

Interest income increased to Rs 26.10 lakh from Rs 21.81 lakh, a rise of Rs 4.29 lakh, but did not offset the decline in other operating income. Total revenue from operations consequently decreased to Rs 4.88 crore from Rs 14.93 crore, while other income fell to Rs 14,000 from Rs 2.30 lakh.

The Rs 10.07 crore fall in total revenue was almost entirely accounted for by the other-operating-income movement. Total revenue includes Rs 4.88 crore of revenue from operations and Rs 14,000 of other income in the 2026 half year, compared with Rs 14.93 crore and Rs 2.30 lakh respectively a year earlier.

How did Golechha Global Finance perform in the September quarter?

Golechha Global Finance reported a Rs 10.74 lakh loss for the quarter ended September 30, 2026, after a Rs 36.27 lakh profit in the preceding June 2026 quarter. The September-quarter result was nevertheless narrower than the Rs 20.76 lakh loss reported in the quarter ended September 30, 2025.

Quarterly total revenue was Rs 1.57 crore, compared with Rs 3.32 crore in the June 2026 quarter and Rs 3.59 crore in the September 2025 quarter. Other operating income fell to Rs 1.44 crore from Rs 3.18 crore sequentially and Rs 3.45 crore year on year, while interest income rose to Rs 13.35 lakh from Rs 11.67 lakh a year earlier.

Total expenses in the September 2026 quarter were Rs 1.59 crore, down from Rs 2.95 crore in June 2026 and Rs 3.87 crore a year earlier. Purchases of traded goods were Rs 1.57 crore, while inventory changes represented a Rs 5.31 lakh reduction, compared with an Rs 1.01 crore inventory-related expense in the September 2025 quarter.

The company recorded a Rs 2.16 lakh loss before tax in the latest quarter, against a Rs 27.74 lakh loss before tax a year earlier. A deferred-tax expense of Rs 8.58 lakh was recorded in September 2026, whereas the comparable quarter had a deferred-tax credit of Rs 6.98 lakh; basic and diluted earnings per share were negative Rs 0.20.

How did Golechha Global Finance’s costs and profit change?

Golechha Global Finance’s first-half expenses declined by Rs 9.74 crore to Rs 4.54 crore from Rs 14.28 crore a year earlier. That reduction was smaller than the Rs 10.07 crore decrease in total revenue, leaving profit before tax at Rs 34.11 lakh, down from Rs 66.60 lakh.

Purchases of traded goods decreased to Rs 4.06 crore in the 2026 half year from Rs 13.06 crore in the prior-year period. Changes in inventories of traded goods were Rs 29.84 lakh, compared with Rs 1.02 crore a year earlier, while employee-benefit expense increased to Rs 5.38 lakh from Rs 5.06 lakh.

Other expenses declined to Rs 13.53 lakh from Rs 15.56 lakh. The statement reported no finance cost in either six-month period and no depreciation, amortisation or impairment charge for the half year ended September 30, 2026.

Profit after tax fell by Rs 24.31 lakh to Rs 25.53 lakh as deferred-tax expense was Rs 8.58 lakh, compared with Rs 16.76 lakh in the previous first half. Basic and diluted earnings per share were Rs 0.46, down from Rs 0.91, and Golechha Global Finance said the half-year per-share figures were not annualised.

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

Golechha Global Finance’s total assets rose to Rs 8.10 crore at September 30, 2026 from Rs 7.85 crore at March 31, 2026. Loans increased by Rs 58.68 lakh to Rs 6.02 crore, while inventories decreased by Rs 29.84 lakh to Rs 1.62 crore over the same period.

Cash and cash equivalents increased to Rs 7.67 lakh from Rs 6.07 lakh at March 31, 2026. The September 30 balance included Rs 7.42 lakh of cash on hand and Rs 25,000 in current-account bank balances.

Total equity was Rs 8.03 crore at September 30, 2026, compared with Rs 7.78 crore at March 31, 2026. Paid-up equity share capital remained Rs 5.50 crore, while other equity rose to Rs 2.53 crore from Rs 2.28 crore.

Net cash from operating activities was Rs 1.60 lakh in the half year ended September 30, 2026. The filing’s comparison is with net operating cash used of Rs 13.42 lakh for the year ended March 31, 2026, while the half-year movement reflected the Rs 58.68 lakh increase in loans and the Rs 29.84 lakh reduction in inventories.

What did the board and auditor report on the results?

Golechha Global Finance’s audit committee reviewed, and its board approved, the results on November 13, 2026. The board meeting began at 1.00 pm and concluded at 2.45 pm, according to the company’s disclosure under Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

V. Goyal & Associates conducted a limited review of the standalone results for the quarter ended September 30, 2026 and the period from April 1, 2026 to September 30, 2026. The auditor said nothing had come to its attention indicating that the statement was materially misstated or had not been prepared under the applicable Indian Accounting Standard 34 requirements.

The auditor also said a limited review is substantially narrower in scope than an audit and does not provide audit assurance. The filing states that comparative figures were regrouped or reclassified where necessary to make them comparable.

Conclusion

Golechha Global Finance’s first-half result reflects a substantial contraction in other operating income, which fell from Rs 14.71 crore to Rs 4.62 crore and drove the 67% revenue decline. Lower purchases of traded goods reduced costs from Rs 14.28 crore to Rs 4.54 crore, but profit after tax still fell from Rs 49.84 lakh to Rs 25.53 lakh.

The filing discloses no revenue target, operating plan or date for the next financial-results announcement. The unresolved item for subsequent disclosures is whether other operating income, which decreased from Rs 3.18 crore in the June 2026 quarter to Rs 1.44 crore in the September 2026 quarter, changes alongside the Rs 6.02 crore loan balance reported at September 30, 2026.