Viji Finance turns profitable in Q2 FY27 with a net profit of Rs 1.51 crore against a loss in the previous year. Revenue scaled to Rs 2.77 crore. The company also announced a change in statutory auditors and updated its capital structure following a preferential share allotment.
Viji Finance Swings to Profit in Q2 FY27
Net Profit: Rs 1.51 crore (up from loss of Rs 9.69 lakh)
Revenue: Rs 2.77 crore (up from Rs 57.58 lakh)
Reader Takeaway: Revenue growth and a return to profitability drive positive sentiment, though auditor transitions bear monitoring.
What just happened
Viji Finance Ltd has reported a significant turnaround for the second quarter ended September 30, 2026. The company recorded a net profit of Rs 1.51 crore, a stark improvement from the net loss of Rs 9.69 lakh reported in the same period last year. Revenue from operations also saw a substantial jump, reaching Rs 2.77 crore compared to Rs 57.58 lakh in Q2 FY26. For the half-year ending September 30, 2026, the company posted a net profit of Rs 2.65 crore.
Why this matters
The financial results highlight a period of aggressive scaling for the company. Total assets on the balance sheet have increased to Rs 56.50 crore as of September 30, 2026, up from Rs 33.65 crore at the end of March 2026. This expansion is largely attributed to a rise in the loan book, which now stands at Rs 52.07 crore, indicating robust credit deployment efforts.
Corporate Developments
The company is updating its governance framework, seeking shareholder approval via postal ballot to appoint M/s. DDS & Associates as the new statutory auditors. This move follows the resignation of the former auditors, M/s. Dharmendra K. Agarwal & Co. Additionally, the company finalized the conversion of warrants into equity, leading to the allotment of 8.85 crore shares. Consequently, the paid-up equity capital has grown to Rs 23.10 crore.
Risks to watch
Investors should closely monitor the transition of statutory auditors, as casual vacancies often warrant attention during financial reporting cycles. The rapid increase in the loan book also suggests a need for ongoing oversight regarding asset quality and credit risk management.
What to track next
Watch for the results of the postal ballot regarding the new auditor appointment and subsequent filings on loan book performance in upcoming quarters.