Kreon Finnancial Services Limited, a BSE-listed AI-powered NBFC (CIN L65921TN1994PLC029317), released its business update for the quarter ended 30 September 2026 (Q2 FY27). The company operates a proprietary digital lending platform, StuCred, focusing on young, first-time borrowers in India's underserved credit market.

Financial Performance

Quarterly Results (Overall):

  • Total Income: ₹16.89 crore (QoQ +6.83%, YoY +61.01%)
  • Total Expenses: ₹10.62 crore (QoQ +2.02%, YoY +39.01%)
  • Profit Before Tax (PBT): ₹6.27 crore (QoQ +16.10%, YoY +120.00%)
  • Tax Expense: ₹1.81 crore (QoQ +82.83%, YoY +126.25%)
  • Profit After Tax (PAT): ₹4.46 crore (QoQ +1.13%, YoY +117.56%)
  • Earnings Per Share (Quarterly): ₹2.20 (QoQ +0.92%, YoY +117.82%)
  • Annualised EPS: ₹8.80 (for reference only)

Quarterly Results (Excluding Investment Division):

  • Total Income: ₹15.78 crore (QoQ +19.00%, YoY +50.43%)
  • Total Expenses: ₹10.62 crore (QoQ +2.02%, YoY +45.28%)
  • Profit Before Tax: ₹5.16 crore (QoQ +81.05%, YoY +62.26%)

Half-Yearly Results (H1 FY27):

  • Total Income: ₹32.69 crore (YoY +46.20%)
  • Total Expenses: ₹21.02 crore (YoY +43.38%)
  • Profit Before Tax: ₹11.67 crore (YoY +51.56%)
  • Tax Expense: ₹2.80 crore (YoY +48.94%)
  • Profit After Tax: ₹8.87 crore (YoY +52.41%)
  • Earnings Per Share (Half-yearly): ₹4.39 (YoY +52.43%)

Key Operating Metrics (Q2 FY27)

  • Total Disbursements: ₹121.63 crore (QoQ +10.87%)
  • Cumulative Disbursements (since inception): ₹1,232.85 crore
  • Assets Under Management (AUM): ₹53.27 crore (QoQ +0.34%)
  • Disbursement-to-AUM Ratio: 228.33% (QoQ +21.68 percentage points)
  • Number of Transactions: 6,55,772 (QoQ +12.02%)
  • Collection Efficiency: 96.62% (QoQ +0.97 percentage points)
  • Unique Students Onboarded: 2,29,526 (QoQ +12.78%)
  • Number of Employees: 154 (QoQ +6.21%)

Products and Strategic Initiatives

StuCred Alumni: Under development - Revamp of existing program to strengthen engagement with eligible users as they transition from college to careers. Target launch: December 2026.

MyDayPayDay (MDPD): Under development (final stage) - Earned Wage Access platform for salaried employees enabling access to earned salary before payday. Target launch: December 2026.

StuCred for StartUps: Launched on 01 October 2026 - Website launched with marketing scheduled to begin in first week of November 2026.

Outlook

The company will continue focusing on sustainable growth, expanding customer reach, improving collection efficiency, and maintaining sound risk-management practices.

Notes and Disclaimers

  • Financial figures are unaudited and should be read with the Company's unaudited financial results for the quarter and half-year ended 30 September 2026 (approved by the Board on 26 October 2026)
  • QoQ compares with immediately preceding quarter; YoY compares with same quarter previous year
  • Number of transactions represents loans disbursed during the quarter
  • Collection efficiency calculated as amount collected ÷ amount due during the quarter
  • Disbursement-to-AUM ratio calculated as disbursements during the quarter ÷ closing AUM
  • Contains forward-looking statements; actual results may differ materially