Escorts Investment Bank Limited has reported a net loss of Rs64.60 million for the nine-month period ended March 31, 2026, compared with a loss of Rs42.04 million in the corresponding period last year, reflecting continued pressure on the company’s core operations.
According to the company’s unaudited financial results, total income declined to Rs53.07 million from Rs85.54 million recorded during the same period a year earlier. The decrease was primarily driven by lower profit on financing, which fell to Rs42.58 million from Rs65.20 million. Returns from investments also dropped to Rs2.36 million, compared with Rs3.39 million in the previous year. Income from fees and commissions, however, showed a slight improvement, rising to Rs3.35 million from Rs7.05 million, while profit on bank deposits contributed Rs2.39 million to overall income.
Despite efforts to reduce costs, the bank’s operating performance remained under strain. Administrative expenses were trimmed to Rs111.95 million from Rs117.11 million, while finance costs also declined significantly to Rs2.34 million from Rs4.05 million. However, these savings were insufficient to offset the decline in revenue, resulting in an operating loss before provisions and taxation of Rs61.22 million.
For the third quarter alone, Escorts Investment Bank posted a net loss of Rs19.23 million, an improvement compared with the Rs21.05 million loss recorded in the same quarter last year. Quarterly income stood at Rs17.56 million, supported by financing income and investment returns, although overall earnings remained below operating costs.
On the balance sheet, the bank’s total assets stood at Rs594.69 million as of March 31, 2026, down from Rs660.80 million at the end of June 2025. Cash and bank balances decreased to Rs18.21 million, while shareholders’ equity declined to Rs437.98 million due to accumulated losses during the period.
The latest financial results indicate that Escorts Investment Bank continues to face a challenging operating environment, with lower financing income and a shrinking asset base weighing on profitability. Management’s ongoing focus on cost control has helped reduce expenses, but a sustained recovery in revenue generation will be essential for improving the bank’s financial performance in the coming quarters.
