Detailed Summary

Key Financial Figures (₹ in millions, except per share data)

Quarter Ended September 30, 2026:

  • Total Income: ₹5,670.02
  • Profit Before Tax: ₹2,222.11
  • Profit After Tax: ₹1,701.92
  • Basic EPS: ₹16.28
  • Diluted EPS: ₹16.13

Half Year Ended September 30, 2026:

  • Total Income: ₹11,068.83
  • Profit Before Tax: ₹4,298.46
  • Profit After Tax: ₹3,300.43
  • Basic EPS: ₹31.59
  • Diluted EPS: ₹31.28

Comparative Figures (Q2 YoY):

  • PAT increased from ₹1,318.47 million (Q2 FY26) to ₹1,701.92 million (Q2 FY27)
  • Total Income increased from ₹4,790.47 million (Q2 FY26) to ₹5,670.02 million (Q2 FY27)

Balance Sheet Highlights as of September 30, 2026 (₹ in millions)

  • Total Assets: ₹171,848.19
  • Loans: ₹149,190.86
  • Cash & Cash Equivalents: ₹10,579.11
  • Total Debt (Borrowings + Debt Securities): ₹122,460.07
  • Total Equity: ₹46,651.17
  • Net Worth: ₹46,651.17

Asset Quality Metrics

  • Gross NPA Ratio: 1.74%
  • Net NPA Ratio: 1.34%
  • Provision Coverage (Stage 3): 23.60%
  • Liquidity Coverage Ratio: 147.57%

Capital Structure

  • Paid-up Equity Share Capital: ₹209.13 million
  • Face Value per Equity Share: ₹2.00
  • During the quarter: 37,921 equity shares allotted to employees under ESOP schemes
  • During the half year: 235,125 equity shares allotted to employees under ESOP schemes

Cash Flow Highlights for H1 FY27 (₹ in millions)

  • Net Cash Used in Operating Activities: ₹(14,151.70)
  • Net Cash from Investing Activities: ₹4,383.71
  • Net Cash from Financing Activities: ₹15,800.08
  • Net Increase in Cash: ₹6,092.09

Key Appointments and Decisions

1. CFO Appointment: Ms. Rinkoo Somani appointed as Chief Financial Officer (KMP and SMP) effective October 27, 2026. She is a Chartered Accountant with 25+ years experience, previously at HDFC Limited, HDFC Bank, and IDFC groups.

2. Independent Director Proposal: Approved Postal Ballot Notice for appointment of Mr. Vineet Taneja (DIN: 07567421) as Non-Executive Independent Director.

Regulatory Compliance Disclosures

Security Cover Certification (Regulation 54):

  • Listed NCDs outstanding: ₹150.00 crore (ISIN: INE481NO7071)
  • Security cover maintained at 1.38x book value as of September 30, 2026
  • Secured by first pari-passu charge on present and future receivables
  • All financial covenants complied with:
  • Debt to Tangible Net Worth ratio within limits
  • Capital Adequacy Ratio ≥20%
  • Gross Stage 3 Assets ≤4%

Utilization of Proceeds (Regulation 52):

  • ₹150 crore raised through private placement of NCDs on August 28, 2026
  • No deviation from objects stated in offer document
  • Full amount utilized for stated purposes

COVID-19 Resolution Framework Disclosure:

  • Standard assets under resolution: ₹510.9 million
  • Amount slipped into NPA during H1: ₹10.2 million
  • Amount paid during H1: ₹31.5 million
  • Standard exposure as of September 30, 2026: ₹65.2 million

Direct Assignment & Co-lending Disclosures:

  • H1 FY27 direct assignment: 8,197 loans totaling ₹6,291.31 million
  • Co-lending arrangements: 6 partners, gross outstanding ₹1,528.02 million
  • Weighted average interest rate: 9.94%

Auditor Review

  • Financial results reviewed by joint statutory auditors B S R & Co. LLP and Batliboi & Purohit
  • Unmodified opinion issued on reviewed financial results
  • Security cover certificate verified by auditors

Meeting Details

  • Board Meeting held on October 27, 2026
  • Commenced at 2:00 PM, concluded at 5:20 PM
  • Audit Committee and Nomination & Remuneration Committee recommendations obtained for CFO appointment