Finkurve Q1 Net Profit Rises 66% YoY

Financial Results for Quarter Ended June 30, 2026 (Unaudited)

The board approved the unaudited financial results for the quarter ended June 30, 2026, as reviewed by statutory auditors Ladha Singhal & Associates.

Key Financial Figures (₹ in Lakhs)

| Interest Income | 7,478.68 | 6,607.67 | 2,659.83 | 20,435.25 |

| Fees & Commission Income | 584.00 | 16.00 | 1,323.51 | 1,017.20 |

| Net Gain on Fair Value Changes | 257.90 | 109.28 | 45.10 | 1,848.60 |

| Total Revenue from Operations | 7,510.30 | 6,732.95 | 3,987.88 | 20,721.83 |

| Other Income | 71.87 | 188.51 | 158.90 | 266.53 |

| Total Income | 7,582.18 | 6,921.46 | 4,003.73 | 20,986.36 |

| Finance Costs | 2,672.31 | 1,988.83 | 707.82 | 4,892.10 |

| Fees & Commission Expenses | 1,363.74 | 2,277.65 | 1,272.56 | 6,972.62 |

| Impairment/(Reversal) on Financial Instruments | 20.38 | 710.14 | 478.30 | 2,217.18 |

| Employee Benefits Expense | 1,347.08 | 536.56 | 396.45 | 1,823.40 |

| Depreciation & Amortization | 113.18 | 133.98 | 75.04 | 302.12 |

| Other Expenses | 338.98 | 232.10 | 390.07 | 1,279.42 |

| Total Expenses | 6,461.66 | 5,879.32 | 3,320.42 | 17,526.84 |

| Profit Before Tax | 1,120.52 | 1,042.14 | 683.31 | 3,459.52 |

| Tax Expense | 276.71 | 238.05 | 174.20 | 856.11 |

| Profit for the Period | 843.81 | 804.09 | 509.11 | 2,603.41 |

| Other Comprehensive Income | - | 37.49 | - | 37.49 |

| Total Comprehensive Income | 843.81 | 841.58 | 509.11 | 2,640.91 |

Capital Structure and Ratios

Paid-up Equity Share Capital: ₹1,401.28 lakhs (Face value ₹1 per share)
Other Equity: ₹33,089.57 lakhs (as of Mar 31, 2026)
Earnings Per Share (EPS): Basic ₹0.60, Diluted ₹0.59 (Q1 FY27)
Net Worth: ₹35,436.80 lakhs (as of Jun 30, 2026)

Key Financial Ratios (as of Jun 30, 2026)

Debt-Equity Ratio: 2.88
Current Ratio: 1.15
Gross NPA: ₹665.65 lakhs (0.54%)
Net NPA: ₹596.11 lakhs (0.48%)
Provision Coverage Ratio: 10.45%
Capital to Risk-Weighted Assets Ratio (CRAR): 26.63%
Operating Margin Ratio: 15.24%
Net Profit Margin Ratio: 11.27%

Co-Lending Arrangements (CLA) Details

Number of CLAs: Not quantified
Weighted Average Interest Rate: 19.96% p.a.
Broad Sector: Gold Loan
Total Disbursement till Jun 30, 2026: ₹44.23 crores
Outstanding as on Jun 30, 2026: ₹37.86 crores
Write Off till Jun 30, 2026: ₹0.01 crores
Net NPA: Nil
Default Loss Guarantee: Nil

Board Approvals (Subject to Shareholder Approval)

1. Material Related Party Transactions: Approval for grants of loans to related parties from conclusion of 42nd AGM till conclusion of 43rd AGM in 2027.

2. Material Related Party Transactions: Approval for acceptance of loans from related parties during the same period.

3. Material Related Party Transactions: Approval for payments/receipts towards Service Fees, Commission, and Other Charges (including Brand Usage and Tech Support) to/from Augmont Goldtech Private Limited during the same period.

4. Borrowing Powers: Approval to borrow funds up to ₹5,000 crore pursuant to Section 180(1)(c) & 180(1)(a) of Companies Act, 2013.

5. Section 186 Threshold: Approval to increase thresholds for loans/guarantees, providing securities, and making investments under Section 186 of Companies Act, 2013.

6. NCD Issuance: Approval for issue of Non-Convertible Debentures on private placement basis.

7. Directorship Continuation: Approval for continuation of Mr. Himadri Bhattacharya (DIN: 02331474) as Non-Executive Independent Director post attaining age of 75 years.

Regulatory Compliance Certifications

Security Cover Certificate (Annexure 2)

Issued by Ladha Singhal & Associates, Statutory Auditors
Confirms security cover for Secured Listed Non-Convertible Debentures
Outstanding Secured NCDs: ₹49,312.37 lakhs (as of Jun 30, 2026)
Asset cover: 110% of outstanding principal amount (₹48,900.00 lakhs) and accrued interest (₹412.37 lakhs)
Security provided by mortgage of exclusive/paripassu charge on current assets, book debts, loans & advances, and receivables including gold loan receivables
IND-AS amortization impact: ₹795.01 lakhs (excluded from outstanding)
Company has complied with all covenants for outstanding Secured NCDs

Utilization of Proceeds Statements

Annexure 3 - Preferential Issue of Equity Shares and Share Warrants (May 2025)

Funds raised: ₹141.50 crore on May 21, 2025, and May 27, 2025
Objects: Onward lending and investment and repayment of borrowing
Amount utilized: ₹111.50 crore (75% of issue size)
₹30 crore pending (25% share warrants subscription amount yet to be received)
No deviation/variation in use of proceeds
Monitoring Agency: CRISIL Rating Limited

Annexure 4 - Non-Convertible Debentures (May-June 2026)

Funds raised: ₹199 crore on May 14, 2026, June 16, 2026, and June 29, 2026
Objects: For lending business of the Company
Amount utilized: ₹199 crore (full amount)
Original allocation: ₹135 crore
No deviation/variation in use of proceeds
Monitoring Agency: Not Applicable

Additional Information

The company maintains only one reportable business segment: 'Financial Services'
Operations are located entirely in India
Previous periods' figures have been regrouped/rearranged where necessary
The financial results were reviewed by the Audit Committee and approved by the Board