Sera's FY26 revenue jumped six-fold. Its total income still ended up negative.
Standalone profit hit ₹53.1 crore, but large investment losses drove total income below zero. The board recommended a 5% dividend.
— 1 earlier story on Sera Investments & Finance India Ltd. →What's new
- FY26 standalone revenue rose to ₹71.8 crore from ₹11.6 crore; net profit to ₹53.1 crore from ₹2.68 crore.
- Q4 revenue surged to ₹41.9 crore from ₹2.26 crore; Q4 profit to ₹32.1 crore from ₹2.16 crore.
- Large unrealised investment losses dragged total income negative despite the profit.
Why this matters
The operational leap is stark. But for a ₹300 crore nano-cap, a swing to negative total income via investment losses is the dominant signal. It raises questions about the asset base behind the growth.
What we're watching
- Whether the Q4 revenue run-rate of ₹41.9 crore is sustainable.
- How the investment portfolio's unrealised losses evolve in coming quarters.
- Any management comment on the nature and duration of the investment hits.
The full read
Sera Investments is a ₹300 crore nano-cap NBFC. It just reported standalone FY2026 revenue of ₹71.8 crore, up from ₹11.6 crore. Net profit hit ₹53.1 crore. Most of that was made in Q4, which saw ₹41.9 crore in revenue and ₹32.1 crore in profit. The operational ramp is stark. But the bottom line is not the profit. It is the total income line. Large unrealised investment losses, booked through OCI, were severe enough to drag total income into the red. That is a significant drag for a company this size. The board recommended a 5% final dividend anyway. The open question is how much of the operational growth is recurring, and how deep the investment losses could run.
Questions answered
- How large was the operational growth in FY2026?
- Standalone revenue grew from ₹11.6 crore to ₹71.8 crore, a more than six-fold increase. Net profit rose from ₹2.68 crore to ₹53.1 crore over the same period.
- Why was total comprehensive income negative?
- The company incurred large unrealised losses on investments through Other Comprehensive Income. These losses were severe enough to offset the entire ₹53.1 crore net profit on a total income basis.
- What was the Q4 contribution to the full year?
- Q4 standalone revenue was ₹41.9 crore, which is 58% of the full year's ₹71.8 crore. Q4 net profit was ₹32.1 crore, or 60% of the year's total.
- Did the company declare a dividend?
- The board recommended a final dividend of 5%, which translates to 1 paisa per share.
Sera Investments & Finance India Ltd.
Latest quarter · Mar 2026
Leverage & growth
Story so far
All notes on SERA →- 22 May 2026 · 2:38 PM IST Sera's FY26 revenue jumped six-fold. Its total income still ended up negative.
- 45d ago Sera Investments' profit climbs to ₹53 cr, but investment losses bite