Viji Finance swings to ₹1.14 cr profit, revenue jumps 57%
Net profit of ₹1.14 crore vs loss of ₹0.33 crore a year ago. Board also approves raising authorised capital to ₹75 crore from ₹30 crore.
— 2 earlier stories on Viji Finance Ltd. →What's new
- June quarter net profit of ₹1.14 cr vs ₹0.33 cr loss a year earlier.
- Revenue from operations rose to ₹88.80 lakh from ₹56.52 lakh, up 57%.
- Other income of ₹1.18 cr boosted total profit.
- Board approved increasing authorised capital to ₹75 cr from ₹30 cr.
- Aryaman Kothari appointed whole-time director; Sejal Riddhesh Shah resigned.
Why this matters
For a nano-cap NBFC with a market cap of ₹79 cr, turning a ₹0.33 cr loss into a ₹1.14 cr profit is material. The sharp jump in revenue and other income suggests a recovery underway. Still, the reliance on other income, which exceeded core revenue, needs watching.
What we're watching
- Whether core interest income can sustain growth without heavy other income.
- Shareholders' nod for authorised capital hike; potential equity dilution ahead.
- Fresh warrant allotment after June's reduced warrant issue (₹24.78 cr).
The full read
Viji Finance just posted a quarter that rewrites its recent narrative. Net profit of ₹1.14 crore against a year-ago loss of ₹0.33 crore for a company capitalised at just ₹79 crore. Revenue from operations rose 57% to ₹88.80 lakh. But it was ₹1.18 crore in other income that really powered the bottom line. That income alone exceeded core revenue. The board's move to raise authorised capital to ₹75 crore from ₹30 crore signals that management is preparing for a bigger balance sheet, possibly through equity issuance. Three directors were shuffled: Aryaman Kothari comes in as whole-time director, Sejal Riddhesh Shah exits, and Sakshi Chourasiya gets a reappointment. The turnaround is sharp, but the weight of other income means the next test is whether interest income can hold its own.
Questions answered
- What drove the profit swing at Viji Finance?
- The profit jump to ₹1.14 cr from a ₹0.33 cr loss was driven by a 57% rise in revenue from operations (₹88.80 lakh vs ₹56.52 lakh) and a higher other income of ₹1.18 cr.
- Why is the increase in authorised capital significant?
- The board seeks to raise authorised capital from ₹30 cr to ₹75 cr. This gives flexibility to issue shares or convertible instruments, potentially diluting existing holders.
- What were the director changes?
- Aryaman Kothari was appointed as whole-time director for three years, while Sejal Riddhesh Shah resigned as additional director. Sakshi Chourasiya was reappointed as independent director.
- Is the profit sustainable?
- Other income of ₹1.18 cr exceeded core revenue, so sustainability depends on recurring interest income growth. The quarterly revenue run-rate is still modest at ~₹89 lakh.
- How does this compare to the last warrant issue?
- In June 2026, the company issued reduced warrants worth ₹24.78 cr after three investors dropped out. The authorised capital hike may support further fundraising.
Viji Finance Ltd.
Latest quarter · Dec 2023
Leverage & growth
Story so far
All notes on VIJIFIN →- 14 Jul 2026 · 8:07 PM IST Viji Finance swings to ₹1.14 cr profit, revenue jumps 57%
- 14d ago Viji Finance swings to ₹1.14 cr profit, reliant on one-time gain
- 42d ago Viji Finance allots warrants but issue shrinks as three investors drop out