Consolidated Financial Results (₹ in lakhs)

Income Statement Highlights:

  • Revenue from operations: Q2 FY27: ₹87,374.69; H1 FY27: ₹1,78,572.56
  • Total Income: Q2 FY27: ₹91,757.43; H1 FY27: ₹1,85,921.14
  • Total Expenses: Q2 FY27: ₹1,07,865.68; H1 FY27: ₹2,17,337.00
  • Loss before tax: Q2 FY27: ₹(16,108.25); H1 FY27: ₹(31,415.86)
  • Net Loss after tax: Q2 FY27: ₹(15,711.63); H1 FY27: ₹(30,591.85)
  • Total Comprehensive Loss: Q2 FY27: ₹(15,959.10); H1 FY27: ₹(30,638.08)

Revenue Breakdown (Q2 FY27):

  • Interest income: ₹68,095.25
  • Fees and commission income: ₹9,703.38
  • Net gain on fair value changes: ₹1,001.88
  • Sale of Stock-in-trade: ₹5,443.06
  • Other operating revenues: ₹3,131.02
  • Other income: ₹4,382.84

Expense Breakdown (Q2 FY27):

  • Employee benefits expense: ₹19,946.40
  • Finance costs: ₹40,323.22
  • Impairment on financial instruments (net): ₹10,472.53
  • Depreciation and amortization: ₹4,070.26
  • Other expenses: ₹27,615.35

Earnings Per Share (not annualized):

  • Basic EPS: Q2 FY27: ₹(1.97); H1 FY27: ₹(3.87)
  • Diluted EPS: Q2 FY27: ₹(1.97); H1 FY27: ₹(3.87)

Attribution of Results:

  • Net loss attributable to owners: Q2 FY27: ₹(9,579.44); H1 FY27: ₹(18,822.16)
  • Net loss attributable to non-controlling interest: Q2 FY27: ₹(6,132.16); H1 FY27: ₹(11,769.69)

Standalone Financial Results (₹ in lakhs)

Income Statement Highlights:

  • Total Income: Q2 FY27: ₹2,705.51; H1 FY27: ₹4,098.60
  • Total Expenses: Q2 FY27: ₹1,914.03; H1 FY27: ₹3,307.12
  • Profit before tax: Q2 FY27: ₹791.48; H1 FY27: ₹791.48
  • Net Profit after tax: Q2 FY27: ₹355.42; H1 FY27: ₹719.15

Key Standalone Figures:

  • Paid-up equity share capital: ₹4,868.29 lakhs
  • Other equity: ₹64,274.92 lakhs (as of September 30, 2026)

Segment Performance (Consolidated)

Segment Revenue (Q2 FY27):

  • Banking Business: ₹70,518.37
  • Institutional Business: ₹3,205.39
  • Wealth and Asset Management: ₹4,833.61
  • Retail Broking Business: ₹547.23
  • Unallocated: ₹12,048.90
  • Eliminations: ₹(3,778.91)

Segment Results [Profit/(Loss) before tax] (Q2 FY27):

  • Banking Business: ₹(11,503.25)
  • Institutional Business: ₹(1,048.34)
  • Wealth and Asset Management: ₹(1,565.78)
  • Retail Broking Business: ₹(626.24)
  • Unallocated: ₹5,647.42
  • Eliminations: ₹(1,102.37)

Capital Structure

Consolidated:

  • Paid-up equity share capital: ₹4,868.29 lakhs (face value of ₹1 each)
  • Other equity: ₹9,921.32 lakhs (as of September 30, 2026)

Standalone:

  • Paid-up equity share capital: ₹4,868.29 lakhs
  • Other equity: ₹64,274.92 lakhs (as of September 30, 2026)

Fundraising Activities

During the quarter ended September 30, 2026:

1. The Holding Company raised ₹3,932 lakhs (previous quarter ₹2,336 lakhs) by issue of debentures bearing face value of ₹1,00,000 each

2. Centrum Retail Services Limited raised ₹10,426 lakhs (previous quarter ₹8,362 lakhs) through debentures

3. Centrum Financial Services Limited raised ₹1,355 lakhs (previous quarter ₹438 lakhs) through debentures

All debentures are fully secured by first pari-passu charges over specified assets, with asset cover exceeding 100% of principal amount.

Unity Small Finance Bank Warrants

Unity Small Finance Bank Limited (USFB), a step-down subsidiary, has issued share warrants aggregating to ₹1,900 crore to its promoter, Centrum Financial Services Limited (CFSL):

  • Series 1 warrants of ₹900 crore, with exercise period extended to October 31, 2029 (from October 31, 2026)
  • Series 2 warrants for ₹1,000 crore due for exercise on October 31, 2029

Certain disputes have arisen between shareholders, with one major shareholder (Resilient Innovations Private Limited) initiating arbitration proceedings. The matter is sub-judice.

Auditor's Review

The statutory auditors, Sharp & Tannan, issued an unmodified review conclusion on both consolidated and standalone financial results. However, they noted:

  • Reliance on other auditors for 5 subsidiaries representing total assets of ₹22,499.32 crore and net loss of ₹28,344.09 lakhs for H1 FY27
  • 4 subsidiaries with unaudited financial statements representing total assets of ₹3,629.21 lakhs and net loss of ₹227.64 lakhs for H1 FY27
  • 1 associate with unaudited financial statements

Performance Highlights

Unity Small Finance Bank:

  • Gross advances grew 20% YoY to ₹13,240 crore
  • Total deposits increased 10% QoQ to ₹13,192 crore
  • CASA ratio at 21%
  • Cost of deposits improved to 7.44% from 8.29% a year ago
  • NIMs expanded to 8.45% from 7.15%
  • NII grew over 19% YoY
  • Credit costs declined 47% YoY
  • Credit cards in force nearing 5 lakh, with 40% growth during the quarter
  • CRAR approximately 23%; LCR 154%

Modulus Alternatives:

  • India Credit Opportunities Fund III achieved first close with target corpus of ₹2,000 crore
  • Fund has commenced deployment with first investment completed
  • India Credit Opportunities Fund II maintains focus on 16%+ gross IRR
  • Made one new investment in Q2, total investments now 18 with 7 fully exited

Investment Banking:

  • Debt structuring mandates exceeding ₹3,600 crore across various sectors
  • Equity capital markets executed IPO of Pranav Construction Limited (126x subscription)
  • Pipeline of 16 mandates across IPOs, M&A, private equity
  • Infrastructure advisory completed sale of two National Highways assets (₹1,200 crore EV)

Retail Broking:

  • Client base grew 20% sequentially
  • 3-in-1 franchise accounts through bank partnerships increased 55% sequentially
  • Strategic partnership with leading NBFC for digital IPO financing
  • Launched algorithmic trading strategies with 90+ investment strategies

Institutional Equities:

  • H1 FY27 business income grew 14% YoY
  • Gross profit increased 38% YoY
  • PAT more than doubled
  • Executed three IPOs and one corporate fund-raising transaction
  • Conducted 18 corporate access events and 260+ client meetings

Centrum Wealth:

  • Recognized as Best Wealth Manager for Client Services India at PWM & The Banker Global Private Banking Awards 2026

Forward-looking Statements

The Performance Highlights contain forward-looking statements about expected future events and financial results. These statements are subject to assumptions, inherent risks, and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements.

Additional Information

The unaudited financial results have been uploaded on the stock exchange websites (BSE and NSE) and the company's website at www.centrum.co.in.