RSD Finance Ltd (539875)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, RSD Finance's net interest income was ₹2.8 Cr (-75.3% year on year, -49.1% on the previous quarter), and net profit ₹7.0 Cr (-10.9% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹2.8 | -75.3% | -49.1% |
| Operating profit | ₹8.5 | — | — |
| Net profit | ₹7.0 | -10.9% | from loss |
| EPS (₹) | 6.66 | +37.0% | from loss |
📢 Recent Corporate Announcements
RSD Finance Ltd has released its investor grievance report under Regulation 13(3) of SEBI LODR for the quarter ended September 30, 2026. The company had zero complaints pending at the start of the quarter. During the period, it received 2 complaints, both of which were successfully resolved, leaving 0 complaints unresolved at the end of the quarter.
- Complaints pending at the beginning of the quarter (01-07-2026): NIL
- Complaints received during the quarter (01-07-2026 to 30-09-2026): 2
- Complaints disposed of during the quarter: 2
- Complaints unresolved at the end of the period (30-09-2026): 0
RSD Finance Ltd has announced the appointment of Ms. Ashi Goyal (Membership No. A76546) as its Company Secretary and Compliance Officer, effective August 28, 2026. The Board approved the appointment during its meeting held from 12:00 PM to 12:30 PM on the same date. Ms. Goyal holds an ICSI membership along with degrees in BA (English Hons.) and LLB. This represents a routine statutory compliance update with no financial impact on the company's ₹141 Cr market cap operations.
- Appointment of Ms. Ashi Goyal effective August 28, 2026
- Board meeting held on August 28, 2026, from 12:00 PM to 12:30 PM
- Appointee holds ICSI Membership No. A76546 with BA and LLB qualifications
RSD Finance Limited has announced changes to its secretarial and compliance leadership following a board meeting on August 28, 2026. The board took note of the resignation of Mrs. Subhajita Biswal (ACS No. 42412), effective August 25, 2026, as she departs to pursue external career opportunities. Concurrently, the company approved the appointment of CS Ashi Goyal (Membership No. A76546) as Company Secretary and Compliance Officer effective August 28, 2026. These administrative appointments have no direct impact on the company's financial operations or market valuation.
- Resignation of Company Secretary and Compliance Officer Subhajita Biswal took effect on August 25, 2026
- Appointment of Ashi Goyal (Membership No. A76546) approved effective August 28, 2026
- Board meeting held on August 28, 2026, commenced at 12:00 PM and concluded at 12:30 PM
RSD Finance Ltd has informed stock exchanges that Mrs. Subhajita Biswal (ACS 42412) has resigned from her position as Company Secretary and Compliance Officer. Her resignation takes effect from the close of business hours on August 25, 2026, to pursue career opportunities outside the organization. The company confirmed there are no other material reasons behind her departure. The administrative change does not impact the core operations or financial standing of the NBFC.
- Resignation of Company Secretary & Compliance Officer Mrs. Subhajita Biswal (ACS 42412)
- Cessation is effective from the close of business hours on August 25, 2026
- Reason stated is to pursue another career opportunity outside the organization
- Filing confirms no other material reasons for resignation
RSD Finance Ltd has responded to BSE's query regarding recent price movement in its shares under Regulation 30 of SEBI (LODR) Regulations, 2015. The company clarified that there is no pending undisclosed price-sensitive information or corporate announcement that could explain the price activity. Management stated that the recent trading movement is purely market-driven, and the company remains compliant with all periodic disclosure requirements.
- Clarification submitted in response to BSE communication dated 03.08.2026
- Management confirmed zero pending price-sensitive information or undisclosed events
- Recent price volatility stated to be purely market-driven
- Stock has experienced a 53.2% price return over the trailing 3 months
RSD Finance has approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The announcement follows a volatile FY26 where the company swung from a Rs 7.84 Cr profit in June 2025 to a Rs 3.3 Cr loss in March 2026. Investors should monitor the detailed P&L to see if the company has stabilized its diversified operations across finance, hospitality, and manufacturing. The board meeting was notably extensive, lasting 5 hours from 3:00 PM to 8:00 PM.
- Board meeting conducted for 5 hours between 3:00 PM and 8:00 PM on August 11, 2026
- Approval of both Standalone and Consolidated results for the quarter ended June 30, 2026
- Company is coming off a TTM PAT of Rs 15 Cr against a Market Cap of Rs 225 Cr
- Previous year's corresponding quarter (June 2025) saw a net profit of Rs 7.84 Cr
RSD Finance approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in a board meeting held on August 11, 2026. The meeting, which lasted five hours, comes after a volatile FY26 where the company saw revenue drop to Rs 5.96 Cr in the March 2026 quarter with a net loss of Rs 3.3 Cr. Investors should compare these results against the June 2025 performance (Revenue: Rs 14.48 Cr, PAT: Rs 7.84 Cr) to gauge recovery. The company continues to operate across diversified segments including Finance, Hospitality, and Manufacturing.
- Board approved Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026
- The board meeting spanned 5 hours, commencing at 3:00 PM and concluding at 8:00 PM
- Financials were subjected to a Limited Review by Statutory Auditors M/s. S D Y & Co.
- The results follow a previous quarter (Mar 2026) where the company reported a net loss of Rs 3.3 Cr
RSD Finance has scheduled a board meeting for August 11, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. This follows a volatile FY26 where the company reported a TTM PAT of Rs 15 Cr but faced a net loss of Rs 3.3 Cr in the most recent March 2026 quarter. The trading window for insiders has been closed since July 1, 2026, in compliance with SEBI regulations. Investors will be looking for signs of recovery in the investment and manufacturing segments which have shown significant revenue fluctuations recently.
- Board meeting scheduled for August 11, 2026, to approve Q1 results.
- Results cover the three-month period ended June 30, 2026.
- Trading window closed since July 1, 2026, for designated persons.
- Company reported a TTM PAT of Rs 15 Cr against a market cap of Rs 227 Cr.
- Previous quarter (Mar 2026) saw a net loss of Rs 3.3 Cr on revenue of Rs 5.96 Cr.
Financial Performance
Revenue Growth by Segment
On a consolidated basis, Heat Treatment activity grew 35.49% YoY to INR 90.15 Cr (from INR 66.54 Cr). Investment and Financial segment revenue grew 4.15% to INR 16.99 Cr. Hotel business revenue declined 1.38% to INR 27.26 Cr. Job Work segment revenue decreased 7.42% to INR 0.95 Cr.
Geographic Revenue Split
100% of revenue is generated within India; the company reports no other significant geographical segments.
Profitability Margins
Consolidated Net Profit Margin stood at approximately 13.7% for FY25. Standalone Net Profit Margin was reported at 0.58 (ratio) for FY25 compared to 0.62 in FY24, a decrease attributed to the decline in the value of financial instruments and other comprehensive income.
EBITDA Margin
Consolidated Profit Before Tax (PBT) margin was 19.5% (INR 25.36 Cr on INR 130.01 Cr revenue). Standalone PBT margin was 75.9% (INR 6.65 Cr on INR 8.75 Cr revenue), though standalone revenue fell 8.58% YoY.
Capital Expenditure
Historical capital expenditure is not explicitly detailed in INR Cr, but Net Worth increased by 6.65% to INR 77.96 Cr as of March 31, 2025, from INR 73.10 Cr in the previous year.
Credit Rating & Borrowing
The company reduced its standalone borrowings to Nil in FY25 from INR 39.81 Lakhs in FY24, representing a 100% debt repayment. Interest coverage and debt-equity ratios for FY25 are effectively zero/NA due to the absence of debt.
Operational Drivers
Raw Materials
Not specifically disclosed in the documents; however, the company operates in Heat Treatment and Job Work which typically require industrial gases, chemicals, and electricity.
Capacity Expansion
Current capacity is not specified in MT/units; however, the Heat Treatment segment saw a significant revenue jump of 35.49%, suggesting high utilization or expanded service volume.
Raw Material Costs
Not disclosed as a specific percentage of revenue; however, consolidated total expenses rose 22.7% to INR 109.64 Cr, trailing the 26.08% growth in consolidated revenue.
Manufacturing Efficiency
Debtors Turnover ratio improved from 0.12 to 0.19, indicating a faster collection cycle and improved working capital efficiency.
Strategic Growth
Expected Growth Rate
15-17%
Growth Strategy
The company plans to leverage the projected 15-17% growth in the NBFC sector by focusing on core segments like home and vehicle loans. It is also exploring 'other avenues of business' and diversifying its investment portfolio into Mutual Funds to maintain high liquidity (open-ended funds) for strategic redeployment.
Products & Services
Investment and financial services, Hotel services (accommodation and dining), Heat treatment of metals, and industrial Job Work.
Brand Portfolio
The Alcor Hotel (Jamshedpur).
New Products/Services
Not specifically named, but the management is 'exploring other avenues of business' to diversify beyond existing segments.
External Factors
Industry Trends
The NBFC sector is undergoing strategic recalibration with asset growth slowing to 15-17% from 23% in FY24. The industry is seeing improved asset quality with GNPA reducing from 6.3% to 5.2%.
Competitive Landscape
Competes with other NBFCs in the financial segment and local hospitality players in Jamshedpur (The Alcor Hotel).
Competitive Moat
The company's moat is built on business diversification across four distinct sectors (Finance, Hospitality, Manufacturing, and Job Work), which provides a hedge against a downturn in any single industry.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and domestic consumption; the company notes that robust government spending and moderated inflation are supporting its growth environment.
Consumer Behavior
The company notes a decline in automobile sales (cars/motorcycles) in early 2025, which may impact its vehicle loan growth prospects in the NBFC segment.
Geopolitical Risks
Global trade tensions and geopolitical uncertainties are cited as risks that could lead to foreign portfolio outflows and market volatility.
Regulatory & Governance
Industry Regulations
Subject to RBI's Scale-Based Regulation (SBR) framework for NBFCs, which mandates structured governance and higher accountability. Compliance with the Companies Act 2013 and SEBI Listing Regulations is also maintained.
Taxation Policy Impact
Consolidated tax expense for FY25 was INR 7.55 Cr (PBT of INR 25.36 Cr minus PAT of INR 17.81 Cr), implying an effective tax rate of approximately 29.8%.
Legal Contingencies
The company reported NIL complaints regarding sexual harassment for the year 2024-25. No specific pending court case values were disclosed in the provided snippets.
Risk Analysis
Key Uncertainties
Capital market volatility (high impact on investment income), RBI regulatory shifts (impact on NBFC operations), and global trade disruptions affecting the industrial segments.
Geographic Concentration Risk
100% concentration in India, specifically with physical operations like The Alcor Hotel located in Jamshedpur, Jharkhand.
Third Party Dependencies
Dependent on S.K. Infosolutions Pvt. Ltd. as the Registrar and Transfer Agent for regulatory compliance.
Technology Obsolescence Risk
Not disclosed; however, the company maintains an internal control system to adapt to technological and regulatory changes.
Credit & Counterparty Risk
The NBFC sector's average GNPA is 5.2%; the company monitors its collection cycle, which improved in FY25 as evidenced by the Debtors Turnover ratio increase to 0.19.
