Geetanjali Credit Q2 FY27 Unaudited Results Show Net Loss
Geetanjali Credit and Capital Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a net loss for the period. The auditor's report highlighted significant concerns regarding the recoverability of loans and advances amounting to ₹295.07 Lakhs (₹2.95 Crore), as the company has not followed NPA norms and has not obtained balance confirmations. Additionally, the auditor noted an outstanding income tax demand of ₹529.75 Lakhs (₹5.30 Crore) with insufficient documentation regarding pending proceedings. Verification of investments also proved challenging due to a lack of detailed records and physical verification statements. Despite these issues, the company's management has recorded interest income on the problematic loans.
Key Highlights
- Unaudited results for Q2 FY27 show a net loss.
- Auditor raises concerns over ₹295.07 Lakhs in unconfirmed loans.
- Non-compliance with NPA norms and lack of balance confirmations noted.
- Outstanding income tax demand of ₹529.75 Lakhs requires verification.
- Challenges in verifying investments due to missing documentation.
Price Impact
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