ISL Consulting Reports Net Loss of Rs 2.04 Crore for FY26

Revenue declined by 24.7% to Rs 18.58 crore from Rs 24.47 crore in the previous year.
Net loss widened to Rs 2.04 crore in FY26, up from a loss of Rs 1.73 crore in FY25.

Reader Takeaway: Declining revenue pressure hampers profitability while company shifts auditors and pursues formal NBFC registration with the regulator.

What just happened

ISL Consulting Limited has released its financial results for the 2025-26 fiscal year, revealing a period of reduced operational scale and persistent losses. Revenue dropped significantly, and while total expenditure was curtailed, it remained insufficient to offset the decline, leading to a higher net loss. The company also confirmed that its statutory auditor, M/s. Maak & Associates, resigned in August 2026, leading to a proposal to appoint M/s. G M C A & Co. for a five-year term.

Why this matters

The widening losses and revenue contraction highlight ongoing operational hurdles for the NBFC-ND. The transition in audit leadership and the ongoing compliance effort regarding its RBI registration are critical governance milestones. Shareholders will be watching the upcoming Annual General Meeting (AGM) for updates on how the company plans to restore growth.

Regulatory and Compliance Status

Beyond financial results, the company disclosed delays in filing specific regulatory forms, namely DNBS-10 and DNBS-02, as noted in its Secretarial Audit Report. ISL Consulting is currently in the process of submitting an application for formal registration as a Non-Banking Financial Company with the RBI.

What to track next

The 34th Annual General Meeting is scheduled for September 29, 2026, where shareholders will vote on the appointment of the new auditor. Investors should monitor the progress of the RBI registration application, as this is a fundamental requirement for the company's long-term business model.