Northlink Fiscal and Capital Services Ltd has returned to profitability for FY 2025-26, posting a net profit of Rs 11.70 lakh against a loss of Rs 78.20 lakh in the previous year. Total income grew to Rs 76.86 lakh. The company also announced key board appointments, including two new Independent Directors, and confirmed it meets all RBI capital adequacy norms.
Northlink Fiscal Returns to Profitability in FY 2025-26
Net Profit: Rs 11.70 lakh (vs Rs 78.20 lakh loss in FY25)
Total Income: Rs 76.86 lakh (vs Rs 39.63 lakh in FY25)
Reader Takeaway: Improved operational income turned the company profitable, though auditor concerns over Rs 68.59 lakh in unrealized cheques persist.
What just happened
Northlink Fiscal and Capital Services Ltd reported a return to profitability for the financial year ending March 31, 2026. The company posted a net profit of Rs 11.70 lakh, a sharp recovery from the Rs 78.20 lakh loss recorded in the previous fiscal year. Total income nearly doubled to Rs 76.86 lakh, driven by improved operating performance. The company has decided not to declare a dividend for the year.
Why this matters
Returning to positive earnings is a significant milestone for the NBFC, signaling operational stabilization. The appointment of new Independent Directors, Mr. Rishi Bhargav and Mr. Akshit Dua, reflects an effort to strengthen corporate governance. The company confirmed it remains compliant with Reserve Bank of India (RBI) capital adequacy requirements, providing regulatory stability for shareholders.
Auditor Observations
The statutory auditor, M/s Rajiv Rajinder & Co., highlighted a specific concern: cheques totaling Rs 68.59 lakh received by March 31, 2026, remain unrealized. Management maintains that these balances are fully recoverable in the normal course of business.
What changes now
Management structure has undergone updates with Ms. Sumita Uppal joining as Company Secretary and Compliance Officer in January 2026. Ms. Shamli Madia has been re-appointed as a Director, and the board has been expanded with two new independent appointments to improve oversight.
Risks to watch
Investors should closely monitor the recovery of the Rs 68.59 lakh in unrealized cheques mentioned by the auditors. Any delay in clearing these receivables could impact short-term liquidity.
What to track next
The next Annual General Meeting (AGM) is scheduled for September 30, 2026, where shareholders will review the board's strategic direction following the recent leadership changes.