Inventure Growth September-quarter profit rises to Rs 8.32 crore

Inventure Growth & Securities Limited, referred to as Inventure Growth, reported consolidated profit after tax of Rs 8.32 crore for the quarter ended September 30, 2026, compared with Rs 79.80 lakh a year earlier. Total revenue from operations rose to Rs 18.13 crore, while fair-value changes moved to a Rs 4.65 crore net gain from a prior-year loss.

How much did Inventure Growth’s September-quarter profit increase?

Inventure Growth’s consolidated profit after tax rose by Rs 7.53 crore year on year to Rs 8.32 crore in the quarter ended September 30, 2026, from Rs 79.80 lakh in the quarter ended September 30, 2025. Profit was also above Rs 4.61 crore in the preceding quarter ended June 30, 2026, while profit before tax increased to Rs 9.94 crore from Rs 1.01 crore a year earlier.

The tax expense was Rs 1.61 crore in the September 2026 quarter, against Rs 21.64 lakh in the corresponding quarter of 2025. Total comprehensive income reached Rs 8.07 crore, compared with Rs 44.49 lakh, after Inventure Growth recorded other comprehensive loss of Rs 25.03 lakh against a loss of Rs 35.31 lakh a year earlier.

What drove Inventure Growth’s higher quarterly income?

Inventure Growth’s total revenue from operations increased by Rs 4.91 crore to Rs 18.13 crore, led by a Rs 4.65 crore net gain on fair-value changes during the September 2026 quarter. In the September 2025 quarter, it reported a Rs 4.49 crore net loss on fair-value changes within expenses, which changed the year-on-year comparison materially.

Interest income declined to Rs 5.21 crore from Rs 5.54 crore, and fees and commission income eased to Rs 5.45 crore from Rs 5.63 crore. The quarter also included Rs 1.47 crore of sale of goods, whereas no amount was reported under that line in the September 2025 quarter; reversal of impairment on financial instruments was Rs 39.89 lakh, down from Rs 1.10 crore.

Other operating income was Rs 90.61 lakh, compared with Rs 91.62 lakh a year earlier, while other income declined to Rs 13.75 lakh from Rs 18.71 lakh. Total income was Rs 18.27 crore in September 2026, compared with Rs 13.41 crore in September 2025 and Rs 14.19 crore in the June 2026 quarter.

How did Inventure Growth’s costs change in September?

Inventure Growth’s total expenses declined to Rs 8.35 crore from Rs 12.44 crore in the prior-year quarter, principally because no net loss on fair-value changes was recorded in September 2026. The September 2025 quarter had included a Rs 4.49 crore net fair-value loss, while financing costs fell to Rs 24.51 lakh from Rs 71.31 lakh.

Fees and commission expense was Rs 2.71 crore, marginally below Rs 2.80 crore a year earlier. Employee benefits expense rose to Rs 2.19 crore from Rs 2.09 crore, depreciation and amortisation was Rs 24.25 lakh against Rs 23.89 lakh, and other expenses were Rs 2.09 crore compared with Rs 2.10 crore.

The September 2026 quarter included Rs 88.02 lakh of change in stock in trade, for which no amount was reported in the corresponding 2025 quarter. Exceptional items produced income of Rs 2.38 lakh, compared with Rs 3.85 lakh a year earlier; Inventure Growth said these items related to provisions or provision reversals concerning alleged fraudulent transactions by a former employee.

Which Inventure Growth segments contributed to the result?

Inventure Growth’s equity and commodity broking, proprietary trading and related activities segment reported revenue of Rs 16.72 crore for the September 2026 quarter, compared with Rs 5.00 crore a year earlier. Its segment result before interest and tax was a profit of Rs 6.84 crore, against a loss of Rs 1.43 crore in the September 2025 quarter.

The financing segment reported revenue of Rs 1.44 crore, down from Rs 2.28 crore, and its segment result fell to Rs 1.21 crore from Rs 2.68 crore. Merchant banking recorded negative revenue of Rs 2.94 lakh and a segment loss of Rs 8.09 lakh, compared with revenue of Rs 35 lakh and a profit of Rs 19.99 lakh in the earlier quarter.

For the half year ended September 30, 2026, the broking, trading and related activities segment reported revenue of Rs 24.82 crore, versus Rs 19.88 crore in the previous corresponding half year. Financing revenue increased to Rs 5.16 crore from Rs 4.67 crore over the six-month period, while merchant banking reported negative revenue of Rs 20.46 lakh against positive revenue of Rs 40 lakh.

What changed in Inventure Growth’s balance sheet and cash position?

Inventure Growth reported total assets of Rs 358.94 crore at September 30, 2026, down from Rs 376.34 crore at March 31, 2026. Borrowings declined to Rs 7.08 crore from Rs 36.63 crore, while loans reduced to Rs 151.38 crore from Rs 156.59 crore and securities held for trade fell to Rs 25.56 crore from Rs 31.77 crore.

Cash and cash equivalents were Rs 3.21 crore at September 30, 2026, compared with Rs 5.19 crore at March 31, 2026. The half-year cash-flow statement reported net cash outflow from financing activities of Rs 28.58 crore, including Rs 18.44 crore of short-term borrowing repayments and Rs 9.48 crore of bank-overdraft repayments.

Other equity increased to Rs 180.57 crore from Rs 170.89 crore during the six months, while equity share capital remained Rs 105 crore. Other financial liabilities were broadly unchanged at Rs 60.59 crore, and total liabilities and equity of Rs 358.94 crore matched total assets at September 30, 2026.

What happened to Inventure Growth’s restructuring scheme?

Inventure Growth said its composite Scheme of Arrangement, filed on May 1, 2025, has lapsed because the required regulatory approvals were not received within prescribed timelines. The September 2026 financial results consequently include no accounting effect from the proposed arrangement.

The scheme proposed amalgamating four wholly owned subsidiaries, Inventure Finance Private Limited, Inventure Commodities Limited, Inventure Insurance Broking Private Limited and Inventure Developers Private Limited. It also proposed, after the amalgamation, demerging the lending business undertaking into Inventure Wealth Management Limited, a wholly owned subsidiary.

The audit committee reviewed, and the board approved, the unaudited consolidated results on November 3, 2026. CGCA Associates LLP stated that, based on its review procedures and other auditors’ reports where applicable, nothing had come to its attention indicating that the statement failed to make required disclosures or contained a material misstatement.

Conclusion

Inventure Growth’s September-quarter profit increase combined a rise in operating revenue with a movement from a Rs 4.49 crore fair-value loss in September 2025 to a Rs 4.65 crore gain in September 2026. Lower financing costs and borrowings falling from Rs 36.63 crore at March 31, 2026 to Rs 7.08 crore at September 30 also coincided with the higher reported profit.

The next reported periods will show whether the Rs 4.65 crore fair-value gain recurs and whether financing revenue, which was Rs 1.44 crore in the September quarter, recovers. Inventure Growth has disclosed that its May 2025 restructuring scheme has lapsed, while provisions connected with alleged fraudulent transactions by a former employee remain a disclosed matter in the results.