U Y Fincorp Q1 FY27: standalone PAT up 229% YoY to ₹19.6 Cr as lending income scales 6x

U Y Fincorp, a small Kolkata-based NBFC operating in a single "Financial and Related Services" segment, reported standalone Q1 FY27 revenue from operations of ₹72.51 Cr, up 230% year-on-year from ₹21.95 Cr, though only up 3.0% sequentially from ₹70.40 Cr. Standalone PAT rose 229% YoY to ₹19.62 Cr (from ₹5.97 Cr) and 12.5% QoQ (from ₹17.44 Cr), with basic EPS at ₹1.03 versus ₹0.31 a year ago. Because the YoY comparison sits against an unusually small year-ago base, the QoQ move is the better read on run-rate — growth has flattened from the sharp Q4 FY26 jump to a low single-digit sequential gain. The growth is anchored in interest income, which scaled to ₹50.21 Cr from just ₹7.41 Cr a year earlier — a genuine expansion of the lending book rather than a one-off. Offsetting this, income from sale of shares (the company's trading book) fell 32% YoY to ₹9.35 Cr from ₹13.82 Cr, while other operating income rose to ₹12.94 Cr from ₹0.71 Cr. Net profit margin held roughly flat at 27.0% (26.7% a year ago, 24.4% last quarter), but the PBT margin compressed to 35.4% from 38.0% YoY (broadly flat versus 35.2% last quarter) — consistent with a business mix shifting from higher-margin proprietary trading toward interest-earning lending. No street estimates or brokerage previews could be located for this stock, and our records carry no prior management guidance or concall commentary to grade this print against — management gives no formal guidance on record. The filing carries no exceptional items and the PBT-to-PAT bridge is clean (current tax ₹6.61 Cr less a deferred tax credit of ₹0.53 Cr). Separately, the company changed statutory auditors ahead of this filing — the previous auditor resigned over fee concerns in July 2026 and Praveen K Srivastava & Co was engaged for this review, which raised no qualifications beyond the existing note on the unconsolidated, already-impaired Purple Advertising Services associate. With the PBT margin the swing factor, the next print will show whether the shift toward interest income keeps diluting trading-book profitability or whether the lending book's growth is durable enough to offset it — both are open questions given the absence of any external guidance or street coverage.