Key Quantitative Figures

Financial and operational metrics for Q1 FY2027 are provisional and subject to approval by the Audit Committee, Board of Directors, and Statutory Auditors.

Performance Highlights (₹ Crores):

  • Gross Loan AUM: ₹332.2 Crores
  • Quarter-over-Quarter (QoQ) change: -5% (from ₹351.2 Cr in Q4 FY2026)
  • Year-over-Year (YoY) change: +4% (from ₹320.3 Cr in Q1 FY2026)
  • iServeU Tech Net Revenue: ₹16.1 Crores
  • Quarter-over-Quarter (QoQ) change: -24% (from ₹21.1 Cr in Q4 FY2026)
  • Year-over-Year (YoY) change: +2% (from ₹15.8 Cr in Q1 FY2026)
  • iServeU Tech Order Book: Stood at ₹550 Crores as of the quarter end.

Management Commentary

Tashwinder Singh, CEO and Managing Director, provided commentary on the quarter's performance. He stated the businesses delivered a "measured performance." In lending, the focus remained on "disciplined portfolio management." The performance of iServeU was "impacted by lower device deployment." The company continues to "strengthen our platform and partner ecosystem," which is expected to position it well for future quarters.

Company Background

Niyogin Fintech Limited is a publicly listed B2B fintech platform catering to India's underserved MSMEs. It operates on a tech-centric platform-based model, delivering 'Banking as a Service' (BaaS) platforms and credit in both rural and urban India through a partnership-led strategy. Its partners include Business Correspondents, Banks, and Neobanks/Fintechs for BaaS, and it provides credit through a network of Financial Professionals.

Disclaimer and Forward-Looking Statements

The press release includes a standard disclaimer noting that the numbers are provisional. It also contains extensive cautionary language regarding forward-looking statements, highlighting known and unknown risks and uncertainties that could cause actual results to differ materially from expectations. These risks include general economic conditions in India, the ability to implement strategy, regulatory changes for NBFCs, and increasing competition. The company assumes no obligation to update forward-looking statements.