Golden Legend Leasing Swings to Profit in FY26 as Revenue Jumps; Fintech Expansion Gains Momentum
Mumbai (Maharashtra) [India], May 29: Mumbai-based NBFC Golden Legend Leasing & Finance Ltd. reported a sharp turnaround in its financial performance for the fiscal year ended March 31, 2026, posting a net profit of ₹10.30 crore compared to a net loss of ₹2.20 crore in the previous financial year.
The company’s revenue from operations surged dramatically to ₹183.59 crore in FY26 from just ₹9.34 crore in FY25, reflecting a substantial expansion in business activity and a significant improvement in profitability.
The audited financial results mark a major recovery for the RBI-registered Non-Banking Financial Company (NBFC-ICC), which has been repositioning itself from a traditional leasing and finance business into a digital fintech-focused enterprise.
However, despite the strong financial turnaround, the company’s auditors issued a qualified opinion in their report, highlighting certain critical issues in the financial statements. The company has not yet disclosed detailed management commentary regarding the qualifications.
Preferential Warrant Issue Approved
In a move aimed at strengthening its capital base, Golden Legend Leasing & Finance recently approved the allotment of 6.63 crore convertible warrants to non-promoter investors on a preferential basis.
According to the company’s exchange filing dated March 27, the warrants will be issued in a 1:1 ratio, with each warrant convertible into one equity share of face value ₹10 at an issue price of ₹12.96 per warrant, including a premium of ₹2.96 per share.
The aggregate consideration for the preferential allotment stands at approximately ₹21.49 crore. The company stated that the fundraising exercise is intended to support future business expansion and strategic initiatives.
Entry Into Fintech and Digital Payments
Earlier, the board of directors had also approved the incorporation of a wholly owned subsidiary, Gullakkart Private Limited, with an initial investment of ₹5 crore.
The newly formed subsidiary will operate in the digital payments and prepaid payment instruments (PPI) segment, marking Golden Legend Leasing & Finance’s formal entry into the fintech and digital financial services space.
Gullakkart Private Limited will focus on digital payment solutions and PPI-related services, complementing the parent company’s ongoing transformation into a technology-driven financial services platform.
Golden Legend Leasing & Finance currently offers AI-based financial solutions, cross-border payment routing services, and operates a digital lending platform under the brand name “Ashapurti Loans.”
Originally incorporated in 1984, the company is listed on the BSE under the scrip code 509024.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
