How did full-year profit change?

Standalone profit before tax for the full year was ₹142.2 lacs, down from ₹217.17 lacs in the prior year.

What was the Q4 performance?

Q4 profit before tax was ₹110.5 lacs, recovering from a loss in Q3 and up from ₹64.31 lacs in the same quarter a year ago.

What was the auditor's conclusion?

The auditor issued an unmodified, or clean, opinion on the financial statements.

What other board actions were noted?

The board approved the annual results and appointed an internal auditor.

Earnings · Finance · Micro cap

Kalyan Capitals' FY26 profit drops even as Q4 bounces back

Full-year profit before tax fell to ₹142.2 lacs, but the final quarter swung to a ₹110.5 lacs profit.

— 3 earlier stories on Kalyan Capitals Ltd. →

KALYANCAP By Tipsheet Editorial 25 May 2026 · 8:01 PM IST Verify on BSE · NSE

Mkt cap₹44.01 cr

P/E9.78×

ROE5.04%

Debt / eq.3.77

₹142.2 lacs FY2026 standalone profit before tax, down from ₹217.17 lacs the prior year.

What's new

Full-year profit declined to ₹142.2 lacs from ₹217.17 lacs.
Q4 standalone profit before tax recovered to ₹110.5 lacs after a Q3 loss.
Auditor issued an unmodified opinion; board appointed an internal auditor.

Why this matters

This is a nano-cap NBFC with a weak full-year showing. The Q4 recovery to ₹110.5 lacs is strong relative to the quarterly run-rate, but one good quarter cannot offset the annual profit slide. The clean audit opinion is a procedural positive.

What we're watching

Whether Q4 profit levels hold into the next quarter.
Loan book growth and net interest margin trends.
The impact of the newly appointed internal auditor.

The full read

Kalyan Capitals finished the year with a lower profit. Standalone profit before tax for FY2026 was ₹142.2 lacs, down from ₹217.17 lacs the prior year. The quarterly pattern was uneven. The first three quarters were weak enough to produce a Q3 loss. Then Q4 delivered ₹110.5 lacs in profit before tax, more than the ₹64.31 lacs from a year ago and enough to swing the quarter from red to black. For a nano-cap NBFC, the annual decline is the headline for valuation. The Q4 bounce is encouraging, but it is a single quarter. The clean audit opinion and the appointment of an internal auditor are standard procedure. No surprises.

Questions answered

How did full-year profit change?: Standalone profit before tax for the full year was ₹142.2 lacs, down from ₹217.17 lacs in the prior year.
What was the Q4 performance?: Q4 profit before tax was ₹110.5 lacs, recovering from a loss in Q3 and up from ₹64.31 lacs in the same quarter a year ago.
What was the auditor's conclusion?: The auditor issued an unmodified, or clean, opinion on the financial statements.
What other board actions were noted?: The board approved the annual results and appointed an internal auditor.

Mentioned: ₹142.2 lacs · ₹217.17 lacs · ₹110.5 lacs

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Kalyan Capitals Ltd.

Financial Services

₹47 cr

P/E 10.54×

Latest quarter · Mar 2026

Total income₹8 cr

Net profit₹1 cr

Net margin+11.9%

EPS₹0.14

Leverage & growth

Debt / equity3.77×

Sales CAGR−1.6%

Story so far

All notes on KALYANCAP →

25 May 2026 · 8:01 PM IST Kalyan Capitals' FY26 profit drops even as Q4 bounces back
40d ago Kalyan Capitals reports mixed annual results for FY26
41d ago Kalyan Capitals reports mixed annual results for FY26
42d ago Kalyan Capitals posts FY26 profit drop after a strong Q4