Classic Leasing & Finance Reports Strong FY26 Growth Amidst Audit Concerns

Classic Leasing & Finance Ltd. posted a robust financial performance for the fiscal year 2025-26. Total revenue surged by approximately 70% to Rs. 150.71 lakh, compared to Rs. 88.57 lakh in the previous fiscal year. Net profit after tax also saw a significant jump, reaching Rs. 111.68 lakh from Rs. 46.17 lakh in FY 2024-25. Earnings per share (EPS) improved to Rs. 2.22 from Rs. 1.54.

Reader Takeaway: Strong revenue growth masked by significant contingent liabilities and audit qualifications.

What just happened

Classic Leasing & Finance Ltd. announced its financial results for the fiscal year ended March 31, 2026. The company reported a substantial increase in total revenue, which rose to Rs. 150.71 lakh from Rs. 88.57 lakh in the prior year. Profit Before Tax (PBT) more than doubled to Rs. 111.84 lakh, and Net Profit After Tax (PAT) followed suit, increasing to Rs. 111.68 lakh from Rs. 46.17 lakh. During the year, the company also raised Rs. 10.63 crore via a preferential allotment of 92,50,000 equity shares to bolster its capital base.

Why this matters

The strong financial growth in revenue and profits is a positive sign for shareholders, indicating improved operational performance. The capital infusion through preferential allotment aims to support the expansion of its loan book, suggesting future growth plans. However, these positives are tempered by significant concerns raised by the statutory auditors.