Trustedge Capital Reports Robust FY26 Growth

Trustedge Capital's revenue surged 378% to Rs 5.22 crore in FY 2025-26.
Net profit increased to Rs 0.55 crore from Rs 0.16 crore.

Reader Takeaway: Strong NBFC transition and profit growth are positive, but maintaining this pace under new regulations is key.

What just happened

Trustedge Capital Ltd (formerly Adinath Exim Resources Limited) has released its Annual Report for the financial year 2025-26. The company, now a registered Non-Banking Financial Company (NBFC) in the Base Layer category, reported significant financial growth. Revenue from operations increased by 377.8% to Rs 5.22 crore, up from Rs 1.09 crore in the previous fiscal. Net profit also saw a substantial rise to Rs 0.55 crore from Rs 0.16 crore, with Earnings Per Share (Basic) improving to 0.72 from 0.31.

Why this matters

This report marks a successful transition for Trustedge Capital into the NBFC space, as mandated by the RBI. The impressive revenue and profit growth indicate strong operational expansion and market reception. This performance is crucial for investors as it demonstrates the company's potential within its new regulatory and business framework.

The backstory

Previously known as Adinath Exim Resources Limited, the company has undergone a strategic transformation. Its successful pivot to becoming a registered NBFC signifies a major shift in its business model and focus, aligning with regulatory requirements and targeting SME and retail financing.

What changes now

The company is now operating under the updated RBI (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Directions, 2025. It continues its focus on SME and retail financing. A new Employee Stock Option Scheme (TEDGE ESOS 2025) has been introduced. The company also completed a preferential issue and a rights issue to bolster its capital.

Risks to watch

Investors should monitor how Trustedge Capital navigates the evolving regulatory landscape for NBFCs. Maintaining the current high growth trajectory under these new compliance requirements and competition in the SME and retail financing sector will be critical.

Peer comparison

As a newly positioned NBFC, Trustedge Capital will be compared against other small and mid-sized NBFCs focusing on retail and SME lending. Its ability to scale operations and manage asset quality will be key differentiators.

Context metrics (time-bound)

For FY 2025-26:

• Revenue from operations: Rs 5.22 crore (up 377.8% from FY 2024-25's Rs 1.09 crore)
• Net profit: Rs 0.55 crore (up from Rs 0.16 crore)
• EPS (Basic): 0.72 (from 0.31)

What to track next

Investors should closely watch the company's performance in the upcoming quarters, focusing on asset quality, loan book growth, and profitability metrics within the NBFC framework. The effectiveness of the new leadership and the successful integration of the capital raised will also be important indicators.