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GLFL Q3 FY26 Results: Profit Dips to ₹2.78 Lakhs on Non-Going Concern Basis
Gujarat Lease Financing Limited
January 19, 2026, 07:50 AM
Gujarat Lease Financing Limited reported a profit of ₹2.78 lakhs for the quarter ended December 31, 2025. The company is operating on a non-going concern basis due to accumulated losses exceeding net worth. Financial statements reflect this assumption, with assets valued at the lower of realizable value or cost.
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Gujarat Lease Financing Limited (GLFL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors, in its meeting held on January 19, 2026, approved these results.
The company reported a profit of ₹2.78 lakhs for the quarter ended December 31, 2025. This compares to a profit of ₹5.02 lakhs in the corresponding quarter of the previous year (ended December 31, 2024).
It is noted that as of December 31, 2025, accumulated losses exceeded the company's net worth, and total liabilities surpassed total assets. Consequently, the financial statements have been prepared on a non-going concern assumption. The company has no current business plan and does not intend to engage in business activities in the near future. Financial assets are stated at the lower of their realizable value or cost.
The Board Meeting commenced at 12:30 pm and concluded at 01:05 pm on January 19, 2026.
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