Haryana Capfin Reports Profit Growth Amid Regulatory Compliance Concerns

Profit After Tax rose to Rs 976.15 Lakhs for FY 2025-26 from Rs 522.09 Lakhs in FY 2024-25.
Revenue from Operations declined to Rs 643.64 Lakhs from Rs 752.96 Lakhs in the previous fiscal year.

Reader Takeaway: Strong bottom-line growth is offset by a critical auditor flag regarding RBI capital adequacy non-compliance.

What just happened

Haryana Capfin Limited has released its Annual Report and AGM notice for the 2025-26 fiscal year. The company will hold its 28th Annual General Meeting on September 25, 2026, via video conferencing. No dividend has been recommended for the year.

Why this matters

While the company significantly improved its bottom-line performance, doubling its profit after tax, it is currently facing a regulatory challenge. The Independent Auditor's report highlights a failure to maintain the 15% Minimum Capital Adequacy Ratio (CAR) as mandated by the RBI's Scale Based Regulation directions. This is a significant governance point for stakeholders as it touches on the company's capital buffer and adherence to NBFC norms.

Management and Governance

The company underwent several leadership changes in 2026. Mr. Vijay Kaushik was appointed Chairperson, and Mr. Ram Ji Nigam joined as an Additional Director in February. Additionally, the company is seeking shareholder approval for the re-appointment of Mrs. Shruti Raghav Jindal as Whole-time Director for a three-year term. Mrs. Sandhya Tiwari has taken over as Company Secretary.

Key Financial Metrics

• Interest Coverage Ratio: 130.36
• Debt-Equity Ratio: 0.07
• EBIDTA Margin: 186.74%
• Net Profit Margin: 151.66%
• Return on Net Worth (RoNW): 3.09%

What to track next

Investors should closely watch the outcome of the AGM regarding management re-appointments and look for management commentary on how they plan to rectify the capital adequacy shortfall to satisfy RBI regulatory requirements.