Viji Finance posted a net profit of ₹1.14 crore in Q1 FY27, a significant turnaround from a loss in the prior year. The company also expanded its equity base through warrant conversions and plans to increase authorized capital.
Viji Finance Limited Reports Profitable Quarter, Eyes Capital Expansion
Viji Finance Ltd. reported a net profit of ₹1.14 crore in Q1 FY27, a significant improvement from a loss of ₹0.33 crore in the same period last year.
Total income rose to ₹2.07 crore from ₹0.66 crore year-on-year.
Reader Takeaway: Return to profitability and capital expansion via warrants; pending share listing approval is a watch point.
What just happened
Viji Finance Limited announced its financial results for the quarter ended June 30, 2026. The company achieved a net profit of ₹1.14 crore (₹113.71 lakh), a substantial turnaround from a net loss of ₹0.33 crore (₹33.00 lakh) in the first quarter of fiscal year 2026.
Total income for the quarter surged to ₹2.07 crore (₹207.37 lakh), with a notable contribution from 'Other Income'. Revenue from operations stood at ₹0.89 crore (₹88.80 lakh).
Why this matters
This profitable quarter signifies a positive shift for the company after a period of losses. The turnaround in net profit is a key indicator of improving operational performance or financial management. The expansion of the equity base through warrant conversions also points towards future growth strategies and capital infusion.
The backstory
Viji Finance has been working on restructuring its capital. This recent quarter saw the exercise of conversion rights for 3.04 crore warrants, issued via a preferential allotment, resulting in the allotment of new equity shares on June 29, 2026.
What changes now
With the approval of the board, the company is also seeking shareholder approval to increase its authorized share capital from ₹30 crore to ₹75 crore. This move is intended to support future expansion and financial flexibility. Furthermore, 5.81 crore warrants remain outstanding, which could convert to equity upon payment of the remaining issue price.
Management updates include the appointment of Mr. Aryaman Kothari as Additional Director and Whole-Time Director and the re-appointment of Ms. Sakshi Chourasiya as a Non-Executive Independent Director. Mrs. Sejal Riddhesh Shah resigned as an Additional Director.
Risks to watch
A key watch point is the pending listing approval for the 3.04 crore newly allotted equity shares. Until these shares are approved for trading by the stock exchanges, there may be liquidity restrictions for these specific shares.
Peer comparison
As a non-banking financial company (NBFC), Viji Finance operates in a competitive landscape. Its recent performance needs to be viewed against industry trends and the financial health of similar-sized NBFCs. Specific peer comparison data was not provided in the filing.
Context metrics (time-bound)
- Net Profit (Q1 FY27): ₹1.14 crore
- Net Loss (Q1 FY26): ₹0.33 crore
- Total Income (Q1 FY27): ₹2.07 crore
- Total Income (Q1 FY26): ₹0.66 crore
- Warrants Exercised: 3.04 crore
- New Equity Shares Allotted: 3.04 crore (June 29, 2026)
What to track next
Investors should monitor the upcoming Annual General Meeting for approvals on the authorized capital increase and director appointments. The listing approval for the new shares and the conversion of remaining warrants will also be crucial developments.