Viji Finance: standalone PAT turns to ₹1.51 Cr from year-ago loss, revenue up 380% YoY

Viji Finance, a small Indore-based NBFC, swung to a standalone net profit of ₹1.51 Cr in Q2 FY27 (quarter ended Sep-26) against a ₹0.10 Cr loss in the year-ago quarter, as revenue from operations rose ~380% YoY to ₹2.77 Cr. Sequentially, PAT grew 32.9% over Q1 FY27's ₹1.14 Cr, while revenue rose ~111% on a like-for-like basis (Q1 revenue was restated from ₹0.89 Cr to ₹1.31 Cr this quarter after a presentational reclassification of fee income — see notes). Growth was driven both by interest income on a fast-expanding loan book (₹1.22 Cr, up from ₹0.57 Cr YoY) and a sharp pickup in fee & commission income (₹1.55 Cr versus near-nil a year ago). Margins expanded materially: net profit margin rose to 52.98% from -14.77% YoY (and eased slightly from 54.83% in Q1), and operating margin rose to 76.75% from 12.40% YoY, as the finance and employee cost base grew far slower than income. The loan book grew to ₹52.07 Cr at September-end from ₹29.43 Cr at March-end (+77% in H1), funded by a ₹34.5 Cr capital infusion as 8.85 Cr warrants converted to equity shares — taking paid-up capital to ₹23.10 Cr and bringing in ₹18.59 Cr upfront plus ₹15.93 Cr of securities premium — alongside a new Mumbai corporate office opened in September and a further 1 Cr-share preferential allotment that got exchange approval on October 9. The board also cleared a postal ballot to appoint DDS & Associates as statutory auditor, filling a casual vacancy after the previous auditor's resignation; the current review itself was still conducted by the outgoing auditor under SEBI norms, with an unmodified opinion. There is no analyst coverage or consensus estimate for this micro-cap, and management has issued no formal guidance or outlook on record, so the print cannot be benchmarked against street expectations or prior commentary; results remain unaudited pending the full-year audit.