Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Submission of Unaudited Financial Results

Audit Opinion:

The Limited Review report is submitted with unmodified opinion(s) (free from any qualifications) by Joint Statutory Auditors M/s Deloitte Haskins & Sells, Chartered Accountants and M/s Suri and Co, Chartered Accountants.

Key Financial Highlights [All amounts in INR lakhs]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹85,848.42
  • Interest income: ₹83,344.27 (QoQ growth from ₹80,760.58 in Q1 FY27)
  • Fees and commission income: ₹1,841.36
  • Net gain on fair value changes: ₹662.79
  • Other income: ₹1,654.83
  • Total Income: ₹87,503.25
  • Finance costs: ₹16,769.10
  • Impairment on financial instruments: ₹6,433.41
  • Employee benefits expenses: ₹20,407.81
  • Depreciation and amortization: ₹978.27
  • Other expenses: ₹5,438.48
  • Total expenses: ₹50,027.07
  • Profit before tax: ₹37,476.18
  • Tax expense: ₹7,544.43
  • Current tax: ₹9,053.93 (includes reversal of excess provision for tax amounting to ₹1,875.30 lakhs in respect of earlier years)
  • Deferred tax: (₹1,509.50)
  • Profit for the period: ₹29,931.75
  • Other comprehensive income/(loss): ₹696.10
  • Total comprehensive income: ₹30,627.85
  • Earnings per equity share:
  • Basic: ₹10.14
  • Diluted: ₹10.13

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹1,68,746.51
  • Interest income: ₹1,64,104.85
  • Fees and commission income: ₹3,200.50
  • Net gain on fair value changes: ₹1,441.16
  • Other income: ₹2,630.86
  • Total Income: ₹1,71,377.37
  • Total expenses: ₹97,706.08
  • Profit before tax: ₹73,671.29
  • Tax expense: ₹16,598.68
  • Profit for the period: ₹57,072.61
  • Other comprehensive income/(loss): ₹609.93
  • Total comprehensive income: ₹57,682.54
  • Earnings per equity share:
  • Basic: ₹19.33
  • Diluted: ₹19.31

Comparative Performance:

  • Q2 FY27 Net Profit: ₹29,931.75 vs Q1 FY27: ₹27,140.86 (10.3% increase QoQ)
  • Q2 FY27 Net Profit: ₹29,931.75 vs Q2 FY26: ₹28,613.81 (4.6% increase YoY)
  • H1 FY27 Net Profit: ₹57,072.61 vs H1 FY26: ₹55,244.97 (3.3% increase YoY)

Statement of Assets and Liabilities as at September 30, 2026:

Assets:

  • Cash and cash equivalents: ₹1,03,233.97
  • Bank balances other than cash and cash equivalents: ₹9,538.42
  • Derivative financial instruments: ₹3,875.82
  • Loans: ₹14,39,012.35
  • Investments: ₹23,513.83
  • Other financial assets: ₹7,804.07
  • Total financial assets: ₹15,86,978.46
  • Non-financial assets: ₹30,844.79
  • Total assets: ₹16,17,823.25

Liabilities and Equity:

  • Financial liabilities: ₹8,17,360.80
  • Debt securities: ₹56,688.46
  • Borrowings (other than debt securities): ₹7,40,105.75
  • Other financial liabilities: ₹16,186.55
  • Non-financial liabilities: ₹10,118.48
  • Total liabilities: ₹8,27,479.28
  • Equity: ₹7,90,343.97
  • Equity share capital: ₹2,951.96
  • Other equity: ₹7,87,392.01
  • Total liabilities and equity: ₹16,17,823.25

Cash Flow Statement for Six Months ended September 30, 2026:

  • Net cash used in operating activities: (₹32,629.54)
  • Net cash from/(used in) investing activities: (₹79.87)
  • Net cash from/(used in) financing activities: (₹29,174.15)
  • Net decrease in cash and cash equivalents: (₹58,555.55)
  • Cash and cash equivalents at beginning: ₹1,61,789.52
  • Cash and cash equivalents at end: ₹1,03,233.97

Segment-wise Performance:

The Company is primarily in the business of financing and accordingly there are no separate reportable segments in accordance with Ind AS 108 on "Operating Segments". The Company operates in a single geographical segment i.e. India.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced in this board meeting.

Other Significant Information:

Employee Stock Options:

  • During H1 FY27, 20,380 options were exercised by employees and allotted
  • 2,920 options were exercised by employees and pending allotment as of September 30, 2026
  • Total outstanding employee stock options as of September 30, 2026: 18,98,840 at face value of ₹1

Restructured Loans Disclosure:

  • Exposure to accounts classified as Standard consequent to implementation of resolution plan:
  • Personal Loans: ₹456.34 (reduced from ₹602.18)
  • Others: ₹723.24 (reduced from ₹986.00)
  • Total: ₹1,179.58 (reduced from ₹1,588.18)

Company Status:

  • Systemically Important Non-Deposit taking Non-Banking Finance Company (NBFC-ND-SI) registered with RBI
  • No subsidiaries, associates or joint ventures as on September 30, 2026
  • The Company does not have any subsidiary, associate or joint venture as on September 30, 2026

Debenture Covenants Compliance:

All financial and non-financial covenants for listed non-convertible debentures were complied with as of September 30, 2026, including:

  • GNPA ≤ 4%: 3.48% (Complied)
  • Capital Adequacy Ratio >=20%: 48.69% (Complied)
  • Debt/Equity Ratio <3 times: 1.01 (Complied)
  • NNPA < 2.75%: 2.14% (Complied)
  • Interest Coverage Ratio >2: 3.26 (Complied)
  • Liquidity Coverage Ratio >100%: 300.03% (Complied)