Real Touch Finance Ltd Q2 FY26 – ₹8.67 Cr Quarterly Revenue, 72.6% Profit Jump, Debt at ₹146 Cr and a Tiny NBFC With Big Borrowings Energy
1. At a Glance – The “Chhota NBFC, Bada Confidence” Snapshot
Real Touch Finance Ltd is that quiet neighbourhood finance uncle who suddenly shows up at a wedding wearing a gold chain thick enough to cause neck issues. With a market cap of ₹68.8 crore, a current price of ₹54.2, and a stock P/E of ~11.9, this Kolkata-headquartered NBFC has decided it no longer wants to remain invisible. The latest September 2025 quarter delivered ₹8.67 crore in revenue and ₹2.02 crore in PAT, translating into a spicy 72.6% YoY profit growth. Not bad for a company whose business model is literally “lend money and wait”.
But before you clap too hard, let’s glance at the balance sheet elephant in the room. Debt stands at ₹145.98 crore, while equity is just around ₹50.7 crore, pushing the debt-to-equity to ~2.88x. The company runs with ROE of 10.4% and ROCE of 10.2%, which is respectable but not exactly champagne-worthy. No dividends, no fancy investor presentations, but plenty of loan disbursals and interest income doing the heavy lifting.
This is a classic small NBFC story: improving profits, rising scale, leverage-fuelled growth, and governance footnotes that demand reading glasses. Curious already? You should be.
2. Introduction – From 1984 to Now, Real Touch Finally Wants Attention
Real Touch Finance Ltd was incorporated in 1984, which means it has existed long enough to witness Harshad Mehta, dot-com bubbles, global financial crises, demonetisation, and Instagram finfluencers. For most of its life, however, it chose the monk path—low noise, low scale, low excitement.
Fast forward to recent years, and suddenly this NBFC has decided to hit the gym. Revenues jumped from ₹10.39 crore in FY23 to ₹28.86 crore in FY25, while profits climbed from ₹2.62 crore to ₹4.61 crore over the same period. That’s not accidental growth; that’s leverage-assisted ambition.
The company operates as a non-deposit-taking NBFC and is a subsidiary of Ultraplus Housing Estate Private Limited, which holds 54.12% promoter stake—unchanged for years, meaning no promoter panic buying or selling drama (yet).
What makes Real Touch interesting is not flashy tech or new-age lending buzzwords. It’s a very old-school NBFC doing personal loans, education loans, LAP, secured business loans, and structured finance, mostly in Tamil Nadu and West Bengal. No apps going viral, no influencer campaigns—just branches, borrowers, and interest income.
But here’s the real question: can a small NBFC with rising leverage, thin capital buffers, and frequent management resignations scale safely? Or is this another “profits look good until credit cycle turns” story? Let’s dig.
3. Business Model – WTF Do They Even Do?
If you strip away all the jargon, Real Touch Finance does one thing: it lends money and charges interest. Revolutionary, right?
The company’s revenue breakup in FY22 shows ~98% from interest income and ~2% from processing charges, which tells you everything you need to know. There’s no diversification magic here. No cross-selling insurance, no fee-heavy wealth products. Just loans.
Loan Products on Menu:
Personal Loans
Education Loans
Loan Against Property (LAP)
Secured Business Loans
Structured Finance
The branch network is modest: head office in Kolkata, four branches in Tamil Nadu, plus three additional branches added in December 2022 across Tindivanam, Chengalpattu, and Tiruvallur. Translation: South India focus, small ticket lending, and regional familiarity.
This is not a scale-at-all-costs fintech. It’s a relationship-driven NBFC that relies heavily on borrowings to fund its loan book. That explains why interest costs have ballooned from almost nothing pre-FY23 to ₹15.51 crore (TTM).
The upside? High operating margins—OPM of 62.8% TTM—because NBFCs don’t have factories or inventory headaches. The downside? If borrowers sneeze, the P&L catches a cold.
Ask yourself: how confident are you in a leveraged lending business during a credit slowdown?
4. Financials Overview – Quarterly Results Under the Microscope
Result Type Lock
The latest official heading clearly states “Unaudited Financial Results For The Quarter And Half Year Ended 30th September 2025”, which includes Quarterly Results. ➡️ EPS treatment locked as QUARTERLY RESULTS ➡️ Annualised EPS = Latest EPS × 4
