Date: July 6, 2026

Business Update for Quarter Ended June 30, 2026 (Q1FY27)

Loan Portfolio Performance

Assets Under Management (AUM)

  • Q1FY27: ₹7,329 crore
  • Q1FY26: ₹5,721 crore
  • Year-over-Year Growth: 28%
  • Q4FY26: ₹7,044 crore
  • Quarter-over-Quarter Growth: 4%

Disbursements

  • Q1FY27: ₹1,219 crore
  • Q1FY26: ₹1,001 crore
  • Year-over-Year Growth: 22%
  • Q4FY26: ₹1,655 crore
  • Quarter-over-Quarter Growth: -26%

Customer Metrics

  • New Borrowers Added in Q1FY27: 44,736
  • New Borrowers Added in Q1FY26: 32,373
  • Year-over-Year Growth: 38%
  • New Borrowers Added in Q4FY26: 56,757
  • Quarter-over-Quarter Growth: -21%
  • Total Borrowers as of Q1FY27: 6,70,570
  • Total Borrowers as of Q1FY26: 5,68,290
  • Year-over-Year Growth: 18%
  • Total Borrowers as of Q4FY26: 6,46,036
  • Quarter-over-Quarter Growth: 3%

Productivity Metrics

Employee Count

  • Q1FY27: 10,891 employees
  • Q1FY26: 9,544 employees
  • Year-over-Year Growth: 14%
  • Q4FY26: 10,894 employees
  • Quarter-over-Quarter Growth: 0%

AUM per Employee

  • Q1FY27: ₹0.67 crore
  • Q1FY26: ₹0.60 crore
  • Year-over-Year Growth: 12%
  • Q4FY26: ₹0.65 crore
  • Quarter-over-Quarter Growth: 3%

Asset Quality

PAR X (Total Overdue - All DPD Buckets)

  • Q1FY27: 7.08%
  • Q1FY26: 7.96%
  • Q4FY26: 6.88%

Gross Non-Performing Assets (GNPA)

  • Q1FY27: 4.57%
  • Q1FY26: 4.60%
  • Q4FY26: 4.77%

Collection Efficiency

Non Overdue Collection Efficiency (Non OD CE%)

  • Q4FY25: 99.0%
  • Q1FY26: 98.8%
  • Q2FY26: 99.0%
  • Q3FY26: 99.2%
  • Q4FY26: 99.4%
  • Q1FY27: 99.2%
  • April 2026: 99.1%
  • May 2026: 99.3%
  • June 2026: 99.3%

Bucket 1 Collection Efficiency (Below 30 DPD)

  • Q4FY25: 38.5%
  • Q1FY26: 43.0%
  • Q2FY26: 48.4%
  • Q3FY26: 54.9%
  • Q4FY26: 59.8%
  • Q1FY27: 54.5%
  • April 2026: 57.1%
  • May 2026: 51.2%
  • June 2026: 55.2%

Management Commentary

  • Disbursals increased by 22% year-over-year, driving AUM growth of 28% year-over-year
  • 38% increase in onboarding of new customers, signaling strong demand for credit across target segment
  • 20 basis points reduction in GNPA compared to previous quarter (Q4FY26)
  • Expectation of accelerating improvement trend in asset quality through FY27
  • Productivity gains in Q1 drove operating leverage with AUM growing 28% while headcount increased 12% year-over-year
  • 12% increase in AUM per employee