Inter Globe Finance Ltd (511391)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Inter Globe's net interest income was ₹0.4 Cr (-99.3% year on year, -98.8% on the previous quarter), and net profit ₹1.4 Cr (-56.0% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹0.4 | -99.3% | -98.8% |
| Operating profit | ₹1.9 | — | — |
| Net profit | ₹1.4 | -56.0% | from loss |
| EPS (₹) | 1.04 | -70.9% | from loss |
📢 Recent Corporate Announcements
Inter Globe Finance Ltd announced the results of its Annual General Meeting held on September 30, 2026. A total of 4 ordinary resolutions were considered and passed with over 99.99% voting approval across all items. The resolutions included adoption of FY26 financial statements, the re-appointment of director Ms. Seema Gupta, approval of related party transactions, and authorization for charitable contributions. The company recorded 71.59% promoter voting participation and 31.55% non-institutional public participation.
- All 4 ordinary resolutions approved with >99.99% votes cast in favor
- Resolution 3 approving Related Party Transactions passed with 17,78,018 public votes in favor (99.9974%) with interested promoters not voting
- Overall voter turnout stood at 54.96% across 1,35,64,295 total voting shares
- 71 shareholders attended the meeting via video conference (4 promoter group and 67 public)
Inter Globe Finance Ltd announced the results of its Annual General Meeting held on September 30, 2026. A total of 4 ordinary resolutions were considered and passed with over 99.99% voting approval across all items. The resolutions included adoption of FY26 financial statements, the re-appointment of director Ms. Seema Gupta, approval of related party transactions, and authorization for charitable contributions. The company recorded 71.59% promoter voting participation and 31.55% non-institutional public participation.
- All 4 ordinary resolutions approved with >99.99% votes cast in favor
- Resolution 3 approving Related Party Transactions passed with 17,78,018 public votes in favor (99.9974%) with interested promoters not voting
- Overall voter turnout stood at 54.96% across 1,35,64,295 total voting shares
- 71 shareholders attended the meeting via video conference (4 promoter group and 67 public)
Inter Globe Finance Ltd announced the results of its Annual General Meeting held on September 30, 2026. A total of 4 ordinary resolutions were considered and passed with over 99.99% voting approval across all items. The resolutions included adoption of FY26 financial statements, the re-appointment of director Ms. Seema Gupta, approval of related party transactions, and authorization for charitable contributions. The company recorded 71.59% promoter voting participation and 31.55% non-institutional public participation.
- All 4 ordinary resolutions approved with >99.99% votes cast in favor
- Resolution 3 approving Related Party Transactions passed with 17,78,018 public votes in favor (99.9974%) with interested promoters not voting
- Overall voter turnout stood at 54.96% across 1,35,64,295 total voting shares
- 71 shareholders attended the meeting via video conference (4 promoter group and 67 public)
Inter Globe Finance Ltd has issued the notice for its 33rd Annual General Meeting (AGM) scheduled on Wednesday, September 30, 2026, at 11:00 AM IST via Video Conferencing. Remote e-voting commences on September 27, 2026, at 09:00 AM IST and concludes on September 29, 2026, at 05:00 PM IST. The cut-off date for voting eligibility is September 23, 2026, with the register of members closed from September 24 to September 30, 2026. Key agenda items include adopting FY2025-26 financials, re-appointing director Ms. Seema Gupta, approving related party transactions, and authorizing charitable contributions.
- 33rd AGM scheduled for September 30, 2026, at 11:00 AM IST via VC/OAVM
- Remote e-voting open from September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM)
- Cut-off date set as September 23, 2026, with book closure from September 24 to September 30, 2026
- Voting results to be declared on or before October 5, 2026
Inter Globe Finance Limited held a Board meeting on August 21, 2026, approving the appointment of M/s. Shah Kothari & Associates, Chartered Accountants, as the company's Internal Auditor for FY 2026-2027. The Board scheduled the 33rd Annual General Meeting (AGM) for September 30, 2026, to be conducted via VC/OAVM. Register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026. Additionally, the Board approved the Annual Report documents for FY 2025-2026 and appointed Ms. Isha Bothra as Scrutinizer for the AGM.
- Appointed M/s. Shah Kothari & Associates (FRN - 138205W) as Internal Auditor for FY 2026-2027
- Scheduled 33rd Annual General Meeting for September 30, 2026 at 11:00 AM
- Book closure set from September 24, 2026 to September 30, 2026 (both days inclusive)
- Approved Directors' Report, MD&A Report, and Corporate Governance Report for FY 2025-2026
- Appointed Practising Company Secretary Ms. Isha Bothra as AGM Scrutinizer
Inter Globe Finance held its board meeting on August 21, 2026, approving key administrative matters. The company scheduled its 33rd Annual General Meeting (AGM) for September 30, 2026, via VC/OAVM. Register of members and share transfer books will remain closed from September 24 to September 30, 2026. Additionally, the board approved the appointment of M/s. Shah Kothari & Associates as Internal Auditors for FY 2026-2027.
- 33rd Annual General Meeting scheduled for September 30, 2026, at 11:00 AM via VC/OAVM
- Share transfer book closure set from September 24, 2026, to September 30, 2026 (both days inclusive)
- M/s. Shah Kothari & Associates appointed as Internal Auditors for FY 2026-2027
- Ms. Isha Bothra appointed as Scrutinizer for voting at the 33rd AGM
Inter Globe Finance reported a standalone net profit of Rs 1.41 Cr for the quarter ended June 30, 2026, recovering from a loss of Rs 3.57 Cr in the previous quarter (March 2026). However, on a year-on-year basis, net profit declined by 56% from Rs 3.20 Cr in June 2025. Total income for the quarter stood at Rs 53.91 Cr, a 19.8% decrease compared to the same period last year. The company's revenue mix remains heavily weighted toward 'Sale of products' (Rs 31.76 Cr) rather than core interest income (Rs 10.34 Cr).
- Net Profit of Rs 1.41 Cr vs a loss of Rs 3.57 Cr in the preceding quarter (Mar 2026).
- Total Income decreased 19.8% YoY to Rs 53.91 Cr from Rs 67.23 Cr in Jun 2025.
- Sale of products contributed Rs 31.76 Cr, accounting for 58.9% of total revenue.
- Interest income stood at Rs 10.34 Cr, representing 19.2% of total revenue.
- Earnings Per Share (EPS) recovered to Rs 1.04 from a negative Rs 2.65 in the previous quarter.
Inter Globe Finance Ltd has approved its standalone unaudited financial results for the quarter ended June 30, 2026. The board meeting, which lasted 65 minutes, concluded with an unmodified opinion from the statutory auditors, suggesting no major accounting concerns. This announcement is critical as the company reported net losses in the previous two quarters (Rs -3.6 Cr in Mar 2026 and Rs -1.77 Cr in Dec 2025). With a market cap of only Rs 23 Cr against a net worth of Rs 135 Cr, the company's ability to return to profitability is key for valuation recovery.
- Board meeting held on August 14, 2026, lasting 65 minutes from 02:00 PM to 03:05 PM
- Approved standalone unaudited financial results for the quarter ended June 30, 2026
- Statutory auditors issued a Limited Review Report with an unmodified opinion
- Company is currently trading at a P/B of 0.2 based on a Rs 135 Cr net worth and Rs 23 Cr market cap
Inter Globe Finance Ltd has scheduled a board meeting on August 14, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is coming off a weak FY26 where it posted a net profit of Rs 2.0 Cr, significantly impacted by losses in the last two quarters (Mar 2026: -Rs 3.6 Cr). With a market cap of just Rs 24 Cr and trading at a P/B of 0.2, the upcoming results are crucial for assessing the company's recovery path. The trading window has been closed since July 01, 2026.
- Board meeting date set for August 14, 2026, to approve Q1 FY27 results
- Trading window closed from July 01, 2026, until 48 hours post-results declaration
- Company reported a net loss of Rs 3.6 Cr in the most recent quarter (March 2026)
- TTM Revenue stands at Rs 182 Cr against a small market capitalization of Rs 24 Cr
Financial Performance
Revenue Growth by Segment
Total turnover amounted to INR 148.43 Crores, representing a 35.48% decrease from INR 230.07 Crores in the previous year. Interest income contributed INR 6.65 Crores to the total revenue.
Geographic Revenue Split
The company is a leading financial management and advisory services firm in the Eastern region of India, specifically West Bengal. Specific percentage split per region is not disclosed.
Profitability Margins
Net Profit Ratio stood at 2.44%. Return on Equity (ROE) and Return on Investment (ROI) were both 2.90%, while Return on Capital Employed (ROCE) was 3.57%.
EBITDA Margin
Core profitability is reflected in a Profit Before Tax (PBT) of INR 3.82 Crores. Specific EBITDA margin percentage is not disclosed.
Capital Expenditure
The company raised INR 31.78 Crores through the allotment of 6,835,000 warrants to fund business enlargement, technology, human resources, and infrastructure. INR 9.93 Crores has already been received from the conversion of 2,135,000 warrants into equity.
Credit Rating & Borrowing
Debt-Equity Ratio is exceptionally low at 0.03. Borrowing costs are influenced by the RBI's benchmark rate reduction of 115 basis points.
Operational Drivers
Raw Materials
As a financial services company, the primary 'raw material' is capital/funds. Secondary operational inputs include computers, customized software, and office infrastructure funded by the INR 31.78 Cr warrant issue.
Capacity Expansion
Not applicable for financial services; however, the company is expanding its service capacity by diversifying into PMS, Insurance Broking, and Merchant Banking.
Raw Material Costs
Not disclosed as a percentage of revenue; however, 'High cost of funds' is identified as a primary threat to operational margins.
Strategic Growth
Expected Growth Rate
14.25%
Growth Strategy
Growth will be achieved by diversifying the product portfolio into secured financing, PMS, Insurance Broking, and Merchant Banking. The company is utilizing INR 31.78 Cr in new capital to invest in technology and infrastructure while shifting focus toward high-yield equity investments and recovering non-performing assets.
Products & Services
Lending and financing solutions, Equity Investments, Inter-Corporate Deposits (ICDS), Bill Discounting, and advisory services.
Brand Portfolio
IGFL (Inter Globe Finance Limited).
New Products/Services
Planned launches include Portfolio Management Services (PMS), Insurance Broking, and Merchant Banking to create a full spectrum of financial products.
Market Expansion
Expansion is targeted toward rural economies and diversifying the spectrum of financial products under the IGFL umbrella.
Market Share & Ranking
Leading financial management company in the Eastern region; specific market share percentage not disclosed.
External Factors
Industry Trends
The NBFC sector is evolving through digital lending innovations and is projected to reach an AUM of INR 53.7 trillion by March 2025, driven by demand from MSMEs and retail segments.
Competitive Landscape
Faces stiff competition from both the banking sector and other NBFCs, particularly in the MSME and secured financing segments.
Competitive Moat
The moat consists of a knowledge-driven organizational structure and a transparent, speedy documentation process that allows for faster credit delivery than conventional corporate lenders. This is sustainable due to institutionalized expertise in the Eastern region.
Macro Economic Sensitivity
Highly sensitive to interest rate cycles; the 115 bps rate cut by the RBI is expected to enhance loan eligibility and disposable income for clients.
Consumer Behavior
Increasing demand for easy finance with hassle-free documentation from bank-excluded customers and small local borrowers.
Geopolitical Risks
Global uncertainties, trade disruptions, and energy price volatility are noted as potential risks to the broader Indian macroeconomic stability.
Regulatory & Governance
Industry Regulations
Subject to RBI directions, guidelines, and circulars applicable to Non-Deposit taking Non-Banking Financial Companies (NBFC-ND) classified as 'Loan Companies'.
Legal Contingencies
The Board periodically reviews legal compliance reports; however, no specific values for pending court cases or tax disputes were disclosed.
Risk Analysis
Key Uncertainties
Non-performing assets (NPAs) and high cost of funds are the primary business risks, with potential to impact net profit margins by over 25% if not managed.
Geographic Concentration Risk
High concentration in West Bengal and the Eastern region of India.
Third Party Dependencies
Dependency on non-promoter warrant holders for capital conversion; INR 9.93 Cr has been realized from this group so far.
Technology Obsolescence Risk
The company is mitigating technology risks by investing a portion of its INR 31.78 Cr capital raise into customized software and digital infrastructure.
Credit & Counterparty Risk
Credit risk is managed through a focus on secured financing and active steps for the recovery of non-performing loans.
