Capital India Finance Limited (CIFL), a listed NBFC focused on MSME lending, reported strong operating growth for the half year ended September 30, 2026 (H1 FY27) through a regulatory disclosure filed with BSE and NSE.

Financial Performance (Standalone)

  • Disbursements: ₹386.68 crore during H1 FY27, representing 39% year-on-year growth
  • Assets Under Management (AUM): ₹1,284.13 crore as of September 30, 2026, registering 25% year-on-year growth
  • Interest Income: ₹119.01 crore, showing 47% year-on-year growth
  • Total Income: ₹145.32 crore, up 44% year-on-year
  • Profit After Tax (PAT): ₹7.71 crore for H1 FY27
  • Asset Quality: Gross NPA stood at 2.89% and Net NPA at 1.65% as of September 30, 2026, with sequential improvement during Q2 FY27 compared to Q1 FY27
  • Capital Adequacy: CAR remained strong at 40.77%

Operational Highlights

  • Distribution Network: 46 branches across nine states
  • Liability Franchise: Continued diversification of funding sources with participation from existing and new lenders, including access to capital markets through NCD issuance
  • Leadership: Expanded leadership team and employee base

Management Commentary

Mr. Surender Rana, Executive Vice Chairman emphasized the significant opportunities in the MSME sector for responsible credit growth. He stated the company's priority is building a strong, well-capitalized lending institution supported by disciplined risk management, sound governance, and a diversified funding franchise.

Mr. Pinank Shah, Chief Executive Officer noted that investments in distribution, people and technology have started delivering results, reflected in the strong growth metrics. He highlighted focus on driving higher productivity, improving operating efficiencies, sustaining profitable growth, while maintaining disciplined underwriting and robust asset quality.

Strategic Developments

During August 2026, the Company approved the transfer of certain assets of its foreign exchange division operating under the RemitX brand, subject to fulfilment of the terms of the agreement. This follows the divestment of Capital India Home Loans Limited in FY26 and represents another step towards simplifying the Company's business portfolio and sharpening its focus on core MSME lending operations.

Subsidiary Performance

RapiPay Fintech Private Limited (Material Subsidiary) reported for the half year ended September 30, 2026:

  • Total Revenue: ₹133.25 crore
  • Loss After Tax: ₹18.34 crore

Consolidated Financial Performance

For the half year ended September 30, 2026:

  • Total Revenue: ₹256.61 crore
  • Loss After Tax: ₹11.77 crore