India Lease Development Ltd
India Lease Development Q2 FY27 Net Profit Rs. 0.99 Lakhs; RBI Non-Compliance Noted
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 13 Nov 2026, 03:31 PM IST · BSE ID: fc6b0713-02c6-457e-a2ad-262dfea40600
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a small profit of Rs. 0.99 Lakhs, but auditors again highlighted its non-compliance with RBI rules.
🤖 AI Summary
- India Lease Development recorded a Net Profit of Rs. 0.99 Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
- Total Income for Q2 FY27 stood at Rs. 15.67 Lakhs, slightly up from Rs. 15.65 Lakhs in Q1 FY27.
- Auditors noted the company did not satisfy RBI's Principal Business Criteria as Financial Assets were less than 50% of Total Assets.
- This non-compliance was observed as of March 31, 2026, and during the quarter and half year ended September 30, 2026.
- Fair value changes in long-term investments were not made in these results, to be considered in audited accounts for FY27.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Net Profit/(Loss) for Q2 FY27
Rs. 0.99 Lakhs
Not comparable — limited prior period data.
Total Income for Q2 FY27
Rs. 15.67 Lakhs
5.66%
Net Profit/(Loss) for H1 FY27
Rs. (1.66) Lakhs
Not comparable — limited prior period data.
Total Income for H1 FY27
Rs. 31.22 Lakhs
13.16%
Total Assets as at 30.09.2026
Rs. 963.46 Lakhs
Equity Share Capital as at 30.09.2026
Rs. 1471.30 Lakhs
🏢 How This Affects the Company
The repeated auditor note regarding non-satisfaction of RBI's Principal Business Criteria indicates continued challenges in meeting regulatory requirements for its primary business activities.
Net Profit for Q2 FY27 was Rs. 0.99 Lakhs. Total Income for the half year ended September 30, 2026, was Rs. 31.22 Lakhs, compared to Rs. 27.59 Lakhs for the same period last year. Total Assets as of September 30, 2026, were Rs. 963.46 Lakhs.
The ongoing non-compliance with RBI's Principal Business Criteria represents a persistent regulatory risk. The non-inclusion of fair value changes for long-term investments could lead to adjustments in later audited financials.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance and the recurring regulatory compliance issues noted by auditors. The Net Profit for Q2 FY27 was Rs. 0.99 Lakhs.
🔍
Management Signal
Management approved financial results showing a quarterly profit but also acknowledged the auditor's emphasis on non-compliance with RBI norms and the deferral of certain fair value adjustments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — check for sustained profitability and total income trends
FY27 audited annual results — review auditor notes on RBI compliance and investment valuations
Any communication on steps taken to address RBI's Principal Business Criteria compliance
HIGH RISK
Repeated auditor concern regarding non-compliance with RBI Principal Business Criteria indicates ongoing regulatory risk.
💡 Investor Takeaway
India Lease Development reported a Net Profit of Rs. 0.99 Lakhs in Q2 FY27. Total Income for the half year ended September 30, 2026, was Rs. 31.22 Lakhs, up from Rs. 27.59 Lakhs in H1 FY26. Auditors continue to highlight non-compliance with RBI's Principal Business Criteria and the deferral of fair value changes in long-term investments.
⚖️ Strengths & Concerns
✅ Positives
- Net Profit of Rs. 0.99 Lakhs in Q2 FY27, an improvement from a loss of Rs. (2.65) Lakhs in the prior quarter.
- Half-yearly Total Income increased to Rs. 31.22 Lakhs for the six months ended September 30, 2026, from Rs. 27.59 Lakhs YoY.
⚠️ Concerns
- Auditors emphasized the company's failure to satisfy RBI's Principal Business Criteria as Financial Assets were less than 50% of Total Assets as of March 31, 2026, and for H1 FY27.
- Fair value changes in long-term investments were not recorded in these results, with management deferring this to the year-end audited accounts.
📅 Company Track Record
India Lease Development Ltd has consistently faced auditor observations regarding non-compliance with RBI's Principal Business Criteria. In FY26, auditors noted that total income was Rs. 65.33 Lakhs, but the company still did not meet RBI requirements. This issue has persisted into Q2 FY27, as highlighted in this filing and previous filings from May 2026 and November 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was India Lease Development's net profit for Q2 FY27?
India Lease Development reported a Net Profit of Rs. 0.99 Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What was India Lease Development's Total Income for the half year ended September 30, 2026?
Total Income for the half year ended September 30, 2026 (H1 FY27), was Rs. 31.22 Lakhs, compared to Rs. 27.59 Lakhs for the same period in the prior year.
What significant auditor observation was made in the Q2 FY27 results for India Lease Development?
Auditors emphasized that India Lease Development did not satisfy RBI's Principal Business Criteria, as its Financial Assets constituted less than 50% of its Total Assets as at March 31, 2026, and during Q2 and H1 FY27.
Were fair value changes in investments recorded in India Lease Development's Q2 FY27 results?
No, fair value changes in long-term investments were not made in these financial results, with management stating this will be considered in the audited accounts for the year ended March 31, 2027.
Questions based on this BSE filing only. For information purposes.