Financial Performance Highlights
Disbursements: Achieved historical best quarterly disbursements of ₹14,964 million, representing 23% growth over previous quarter (Q4FY26) and 16% growth over previous year (Q1FY26).
Assets Under Management (AUM): Ended quarter at ₹137,218 million, showing 4% sequential growth from previous quarter.
Profitability: Profit After Tax (PAT) of ₹2,714 million for Q1FY27, showing 2% growth year-over-year from ₹2,663 million in Q1FY26. Earnings Per Share (Basic) stood at ₹9.19.
Income Statement: Total Income of ₹8,387 million for Q1FY27, with Net Interest Income of ₹6,672 million. Operating Expenses were ₹2,435 million. Pre-provision Operating Profit (PPOP) was ₹4,237 million.
Credit Cost: Dropped sequentially to 1.85% for Q1FY27 from 1.88% for Q4FY26.
Operational Metrics
Collection Efficiency: Unique customer collection efficiency (excluding NPA loans) of 97.9% (98.1% in Q4FY26). X-bucket collections came in at 99.2% (99.3% in Q4FY26).
Asset Quality: Current book improved to 83.30% compared to 82.69% previous quarter. 30+ book reduced to 12.38% from 12.69% in previous quarter.
Slippages: Remained flat at 0.70% compared to previous quarter (defined as increase in NPAs + write offs as % of opening standard AUM).
ECL Provisioning Details (as of June 30, 2026)
| Stage | Gross Loans (₹Mn) | ECL Provision (₹Mn) | ECL Provision % |
| Stage 1 | 120,223 | 162 | 0.14% |
| Stage 2 | 12,243 | 373 | 3.05% |
| Stage 3 | 4,752 | 1,907 | 40.14% |
| Total | 137,218 | 2,443 | 1.78% |
Borrowings and Cost of Funds
Borrowed ₹4,500 million at all-inclusive cost of 8.33%. Cost of Funds on the book reduced from 8.95% for Q4FY26 to 8.80% for Q1FY27.
Liquidity Position
Total liquidity of ₹22,972 million, comprising unencumbered cash & cash equivalents of ₹18,472 million and unavailed sanction from banks/FIs of ₹4,500 million.
Balance Sheet (as of June 30, 2026)
Assets: Total Assets ₹158,309 million, including Cash & Cash equivalents ₹15,965 million, Bank balances ₹935 million, Loans (net of ECL) ₹134,809 million, Investments ₹2,311 million.
Liabilities & Equity: Total Equity ₹76,534 million, Debt Securities ₹5,539 million, Other Borrowings ₹73,121 million.
Business Operations
Branch Network: 856 branches across 11 States/UT. Employee count: 14,159 as of FY2026.
Target Customer: Small business owners and self-employed individuals with informal income, average ticket size ₹3-5 lakhs, household gross income ₹25,000-40,000.
Geographic Presence: Southern India (TN, AP, Telangana & Karnataka), and MP, Maharashtra, UP, Chhattisgarh, Rajasthan, Gujarat.
Credit Ratings
Long Term: ICRA AA (Stable), CARE AA (Positive), India Ratings AA (Positive)
Short Term: CARE A1+
Management Commentary
Managing Director Lakshmipathy D stated that the quarter "panned out in line with our expectations" and shows the company is "back on the growth trajectory." The strong disbursement traction indicates the company should "achieve our full year growth guidance very comfortably."
Shareholding Pattern
Well-diversified cap table with strong participation from FIIs and Mutual Funds. Management team members hold approximately 2% of company's capital on fully diluted basis.
Technology Infrastructure
The company highlighted robust tech infrastructure including Loan Origination System, secure API ecosystem, cloud architecture, data-driven risk analytics, and digital collections. Features include AI/ML models for credit risk scoring, GenAI-enabled voice bots, and voice-to-data conversion.