Date: October 8, 2026

Business Performance Update

Loan Portfolio Metrics

  • AUM: ₹7,604 crore in Q2 FY27, up 26% YoY from ₹6,028 crore in Q2 FY26, and up 4% QoQ from ₹7,329 crore in Q1 FY27
  • Disbursements: ₹1,403 crore in Q2 FY27, up 10% YoY from ₹1,275 crore in Q2 FY26, and up 15% QoQ from ₹1,219 crore in Q1 FY27
  • New Borrowers added: 49,150 in Q2 FY27, up 26% YoY from 38,847 in Q2 FY26, and up 10% QoQ from 44,736 in Q1 FY27
  • Total Borrowers: 6,94,943 in Q2 FY27, up 18% YoY from 5,86,825 in Q2 FY26, and up 4% QoQ from 6,70,570 in Q1 FY27

Productivity Metrics

  • Employees: 11,292 in Q2 FY27, up 6% YoY from 10,615 in Q2 FY26, and up 4% QoQ from 10,891 in Q1 FY27
  • AUM per Employee: ₹0.67 crore in Q2 FY27, up 17% YoY from ₹0.57 crore in Q2 FY26, and flat QoQ from ₹0.67 crore in Q1 FY27

Asset Quality

  • PAR 30+ (total overdue): 6.88% in Q2 FY27, improved from 8.03% in Q2 FY26 and 7.01% in Q1 FY27 (13 bps sequential improvement)
  • GNPA: 4.30% in Q2 FY27, improved from 4.85% in Q2 FY26 and 4.49% in Q1 FY27 (19 bps sequential improvement)

Collection Efficiency

  • Non-OD CE%: 99.2% in Q2 FY27, consistent with 99.2% in Q1 FY27 and 99.0% in Q2 FY26
  • Collection Efficiency for overdue cases: 52.8% in Q2 FY27, compared to 54.5% in Q1 FY27, 59.8% in Q4 FY26, 54.9% in Q3 FY26, 48.4% in Q2 FY26, and 43.0% in Q1 FY26

Management Commentary & Strategy

The company outlined two key priorities for FY27: consistent improvement in asset quality and productivity. Steady progress was made on both parameters during the quarter.

Disbursements were moderated in drought-affected parts of Maharashtra, Karnataka and Madhya Pradesh. Provided delinquency trends remain stable, the company expects to return to normalized disbursements in these regions in H2 FY27.

With the seasonally stronger H2 ahead, the company remains firmly on track to deliver on all parameters of its FY27 guidance. Both asset quality and productivity improvement trends are expected to sustain through H2 FY27.