Explicit Finance quarterly results and financials

Explicit Finance (BSE 530571)₹11.050.00%(9 Nov 2026 close)Diversified Commercial Services

Key facts

In the Mar 2026 quarter (standalone), Explicit Finance reported sales of ₹0.68 Cr, down 71.3% from Mar 2025, and net profit of −₹0.14 Cr. For the year to Mar 2026, sales were ₹3.28 Cr and net profit ₹0 Cr.

Sales (Mar 2026): ₹0.68 Cr
Net profit (Mar 2026): −₹0.14 Cr
Sales (FY Mar 2026): ₹3.28 Cr
Net profit (FY Mar 2026): ₹0 Cr
EPS (Mar 2026): ₹−0.17
Borrowings (Mar 2026): ₹0 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Explicit Finance quarterly results

₹ crore unless stated; each column is a quarter.

Explicit Finance Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.42	2.70	3.39	2.92	1.43	1.78	1.24	2.37	0.90	0.83	0.90	0.68
Expenses	0.46	2.79	3.03	3.08	1.52	1.72	1.16	2.39	0.78	0.94	0.73	0.82
Operating Profit	−0.05	−0.10	0.35	−0.17	−0.08	0.03	0.07	−0.03	0.09	−0.10	0.14	−0.13
OPM %	−14.6%	−4.1%	10.7%	−6.2%	−6.3%	2.3%	6.5%	−1.7%	11.3%	−13.4%	16.9%	−20.9%
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	−0.07	−0.12	0.37	−0.18	−0.10	0.05	0.09	−0.04	0.11	−0.12	0.16	−0.15
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Profit	−0.05	−0.10	0.35	−0.17	−0.09	0.03	0.07	−0.02	0.09	−0.10	0.14	−0.14
EPS (Rs)	−0.07	−0.13	0.40	−0.20	−0.12	0.05	0.10	−0.04	0.12	−0.13	0.17	−0.17

Explicit Finance profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Explicit Finance Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5.66	5.56	12.21	4.56	7.20	6.67	12.04	22.89	9.41	6.78	3.28	3.31
Expenses	5.63	5.59	12.33	4.72	7.26	6.74	12.54	22.86	9.38	6.78	3.28	3.27
Operating Profit	0.02	−0.04	−0.13	−0.17	−0.05	−0.06	−0.51	0.00	0.00	−0.01	0.00	0.00
OPM %	0.5%	−0.9%	−1.1%	−4.0%	−0.8%	−1.0%	−4.3%	0.0%	0.1%	−0.3%	0.0%	0.0%
Other Income	0.00	0.00	0.00	0.09	0.03	0.03	0.24	0.00	0.00	0.01	0.00	0.00
Interest	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.02	0.00
Profit before tax	0.00	−0.07	−0.15	−0.09	−0.03	−0.04	−0.28	0.02	0.03	−0.02	−0.02	0.00
Tax %	—	500.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—
Net Profit	0.00	−0.35	−0.13	−0.07	−0.01	−0.02	−0.26	0.00	0.01	0.00	0.00	−0.01
EPS (Rs)	0.00	−0.40	−0.16	−0.10	−0.03	−0.04	−0.30	0.02	0.03	0.00	−0.02	−0.01
Dividend payout %	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	—

Explicit Finance balance sheet

₹ crore, at each year end.

Explicit Finance Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9.27	9.27	9.27	9.26	9.27	9.26	9.27	9.26	9.27	9.27	9.27	9.27
Reserves	−0.49	−0.49	−0.85	−0.99	−1.36	−1.50	−1.12	−1.39	−1.38	−1.37	−1.37	−1.38
Borrowings	0.20	0.02	0.02	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	0.08	0.07	0.14	0.14	0.13	0.36	0.40	0.02	0.02	0.05	0.04	0.08
Total Liabilities	9.06	8.87	8.58	8.44	8.04	8.12	8.55	7.89	7.91	7.95	7.94	7.97
Fixed Assets	0.04	0.03	0.03	0.02	0.02	0.00	0.00	0.00	0.02	0.02	0.02	0.02
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.04	0.04	0.04	0.84	0.56	0.43	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	8.98	8.80	8.51	7.58	7.46	7.69	8.55	7.89	7.89	7.93	7.92	7.95
Inventories	0.30	0.28	0.52	1.81	2.22	1.70	1.90	1.50	0.53	0.46	0.20	0.16
Trade receivables	0.00	0.00	0.00	0.00	0.04	0.67	0.00	0.00	0.00	0.00	0.00	0.00
Cash & equivalents	0.03	0.05	0.04	0.41	0.07	0.05	0.38	0.72	1.60	1.20	1.89	0.27
Total Assets	9.06	8.87	8.58	8.44	8.04	8.12	8.55	7.89	7.91	7.95	7.94	7.97

Explicit Finance cash flow

₹ crore, for each year.

Explicit Finance Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−0.30	0.20	−0.02	1.20	−0.36	−0.06	−0.53	0.34	0.90	−0.41	0.70	−1.62
Cash from investing activity	0.00	0.00	0.00	−0.79	0.00	0.02	0.84	0.00	0.00	0.00	0.00	0.00
Cash from financing activity	0.22	−0.19	0.00	−0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net cash flow	−0.07	0.01	0.00	0.37	−0.34	−0.01	0.32	0.33	0.87	−0.39	0.69	−1.62
Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01
Free cash flow	−0.30	0.20	−0.02	1.20	−0.36	−0.05	−0.53	0.34	0.89	−0.42	0.70	−1.62
CFO / OP %	−1,449.9%	633.1%	−519.9%	−849.9%	194.1%	83.1%	743.1%	−62.9%	8,900.1%	−4,000.0%	−3,449.9%	—

Explicit Finance ratios

Working-capital days and returns, by year.

Explicit Finance Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	0	0	0	0	4	35	0	0	0	0	1	0
Inventory days	16	19	36	55	180	89	118	54	9	20	12	22
Days payable	4	5	9	4	0	0	4	1	0	0	1	1
Cash conversion cycle	13	15	27	52	184	123	114	53	9	20	12	20
Working capital days	430	560	548	210	180	106	105	46	9	19	12	16
ROCE %	0.1%	0.2%	−0.7%	−1.7%	−1.0%	−0.3%	−0.4%	−3.4%	0.3%	0.3%	−0.1%	−0.1%

Explicit Finance: frequently asked questions

What are the latest quarterly results of Explicit Finance?

For the Mar 2026 quarter, Explicit Finance reported sales of ₹0.68 Cr, down 71.3% year on year and net profit of −₹0.14 Cr. The operating margin was −20.9%.

What is the annual revenue of Explicit Finance?

Explicit Finance's sales for the year to Mar 2026 were ₹3.28 Cr; over the last twelve months they were ₹3.31 Cr.

What is the net profit of Explicit Finance?

Net profit for the year to Mar 2026 was ₹0 Cr, and −₹0.01 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.01.

How much debt does Explicit Finance have?

Explicit Finance reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹0.27 Cr.

What is the free cash flow of Explicit Finance?

Cash from operations was −₹1.62 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.62 Cr.

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