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Gujarat Lease Financing Q3FY26 Profit Declines to ₹2.78 Lakhs
Gujarat Lease Financing Limited
January 19, 2026, 07:52 AM
Gujarat Lease Financing Limited reported a profit of ₹2.78 lakhs for the quarter ended December 31, 2025, down from ₹5.02 lakhs in the prior year's quarter. The company is preparing its financials on a non-going concern basis due to accumulated losses exceeding net worth.
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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 Meeting, which commenced at 12:30 pm and concluded at 01:05 pm on January 19, 2026, approved these results.
For the quarter ended December 31, 2025, the company reported a profit of ₹2.78 lakhs. This is a decrease compared to the profit of ₹5.02 lakhs reported in the corresponding quarter ended December 31, 2024. The total income for the quarter was ₹10.65 lakhs, with total expenses amounting to ₹7.87 lakhs.
For the nine months ended December 31, 2025, the company incurred a loss of ₹0.96 lakhs. This compares to a profit of ₹1.31 lakhs in the same period last year. The total income for the nine months was ₹31.69 lakhs, while total expenses were ₹32.65 lakhs.
It is noted that as of December 31, 2025, the company's accumulated losses exceeded its net worth, and its total liabilities exceeded its total assets. The financial statements have been prepared on a non-going concern assumption due to the lack of any business plan or intention for future business activity. Consequently, financial assets are stated at their realizable value or cost, whichever is lower. The company also has unabsorbed depreciation and carry-forward losses under the Income Tax Act, 1961, for which deferred tax assets have not been recognized due to the absence of certainty regarding future taxable income.
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