Comfort Fincap Q3 Profit Rises; Sanjiv Swarup Joins Board

19 Jan 2026 CW Team

Comfort Fincap Limited, a non-banking financial company registered with the Reserve Bank of India and listed on BSE, reported improved financial performance for the quarter ended 31 December 2025 while announcing the appointment of Mr Sanjiv Swarup as an Independent Director to strengthen governance and strategic oversight.

For Q3 FY25, the company recorded revenue of Rs 44.7 million, reflecting a 45.5 per cent increase compared with Rs 30.8 million in Q3 FY24. Profit after tax rose sharply by 69 per cent year-on-year to Rs 2.29 million, up from Rs 1.36 million in the corresponding period last year.

Assets under management (AUM) grew 20.6 per cent to Rs 97.8 million, compared with Rs 80.1 million in Q3 FY24, indicating steady portfolio expansion. Net worth strengthened 31.6 per cent to Rs 79.3 million from Rs 74.1 million a year earlier.

Borrowings reduced significantly to Rs 7.99 million from Rs 17.3 million in Q3 FY24, marking a decline of 41.8 per cent and reflecting a continued focus on balance sheet discipline.

During the quarter, Comfort Fincap sharpened its operating framework to enable scalable growth while maintaining financial discipline. Key initiatives included streamlining internal processes to improve turnaround times, strengthening credit assessment and monitoring systems, enhancing cost rationalisation efforts and maintaining a balanced risk profile supported by prudent underwriting.

Commenting on the results, Mr Ankur Agrawal, Chairperson and Director, said FY25–26 represents a key milestone for the company, highlighting its efforts to build a stronger and more resilient organisation. He added that the first nine months’ performance demonstrates Comfort Fincap’s commitment to disciplined growth, operational efficiency and measured innovation aimed at creating long-term value for stakeholders.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..