Laxmi India Finance Limited submitted its Investor/Earnings Presentation for Q2 and H1 FY27 ended September 30, 2026, in compliance with SEBI Listing Regulations Regulation 30. The presentation will also be available on the company website at www.lifc.co.in as per Regulation 46.

Financial Highlights H1 FY27

  • Total Income (Net of Interest Expense): ₹111.88 crore, up 41.17% YoY from ₹79.25 crore in H1 FY26
  • Net Interest Income (NII): ₹96.84 crore, up 35.02% YoY from ₹71.72 crore
  • Profit After Tax (PAT): ₹31.71 crore, up 66.41% YoY from ₹19.06 crore
  • Assets Under Management (AUM): ₹1,742.72 crore as of Sept 30, 2026, up from ₹1,502.53 crore on Mar 31, 2026
  • Disbursements: Not quantified for H1, but Q2 disbursements were part of ₹448.17 crore in new assets originated
  • Customer Base: Not quantified for the period
  • Branch Network: 209 branches across Rajasthan, Gujarat, MP, Chhattisgarh, UP & Maharashtra

Q2 FY27 Financial Performance

  • Interest Earned: ₹91.93 crore, up 28.27% YoY and 7.60% QoQ
  • Interest Expenses: ₹42.16 crore, up 24.66% YoY and 9.85% QoQ
  • Net Interest Income: ₹49.77 crore, up 31.49% YoY and 5.76% QoQ
  • Other Income: ₹6.56 crore, up 44.18% YoY but down 22.64% QoQ
  • Employee Cost: ₹23.35 crore, up 35.13% YoY and 5.56% QoQ
  • Operating Expense: ₹31.76 crore, up 17.57% YoY and 6.08% QoQ
  • Profit Before Tax: ₹20.44 crore, up 60.01% YoY but down 6.69% QoQ
  • Tax: ₹5.03 crore, up 49.26% YoY and down 5.81% QoQ
  • Profit After Tax: ₹15.28 crore, up 62.41% YoY but down 6.98% QoQ

Balance Sheet Position as of Sept 30, 2026

  • Total Equity: ₹498.56 crore, up 14.57% YoY and 3.27% QoQ
  • Paid-up Equity: ₹26.20 crore
  • Reserves and Surplus: ₹472.37 crore
  • Borrowings: ₹1,500.00 crore, up 36.49% YoY and 4.04% QoQ
  • Debt Securities: ₹148.26 crore, up 752.56% YoY and 169.32% QoQ
  • Total Liabilities: ₹2,164.29 crore, up 38.10% YoY and 8.35% QoQ
  • Loans: ₹1,713.73 crore, up 36.01% YoY and 8.13% QoQ
  • Non-Financial Assets: ₹28.66 crore
  • Other Financial Assets: ₹421.90 crore

Asset Quality and Provisioning

  • Gross NPA (GNPA): 1.75% as of Sept 30, 2026
  • Net NPA (NNPA): 0.87% as of Sept 30, 2026
  • Provision Coverage Ratio (PCR) Stage 3: 71.99%
  • PCR Stage 2: 2.06%
  • PCR Stage 1: 0.37%
  • Credit Cost: ₹7.82 crore for H1 FY27 (up 80.69% YoY), comprising ECL Provision of ₹6.64 crore and Write-off of ₹1.18 crore
  • Specific Provision: The company created a provision of up to ₹17.64 crore (90% of ₹19.60 crore) against a direct assignment purchased from UP Money Limited that turned NPA. ₹5.88 crore of this provision was recognized during the current financial year.

Liquidity and Capital Position

  • Total Liquidity: ₹292.25 crore as of Sept 30, 2026
  • Total Borrowings: ₹1,648.26 crore as of Sept 30, 2026
  • Net Debt-to-Equity Ratio: 2.72x
  • Capital Adequacy Ratio (CRAR): 26.91% (would be if unencumbered surplus liquidity parked in FDs instead of Corporate Bonds)
  • Net Worth: ₹498.56 crore

Strategic Priorities

  • Targeted ROA: 3.50% - 3.75%
  • Targeted ROE: 13.50% - 14.00%
  • Targeted AUM CAGR: ~30%
  • Focus on geographic diversification and branch expansion
  • Diversification of borrowing profile including exploration of ECBs
  • Technology advancement to reduce turnaround time

Operational Metrics

  • Branches: 209 branches
  • Technology: End-to-end digital platform with LOS/LMS systems
  • Products: MSME loans, Mortgage loans, Business loans, LAP, Personal loans, Vehicle loans (Commercial, Non-commercial, Two-wheelers, Electric Vehicles), Tractor loans, Wholesale lending
  • Customer Profile: 37.1% first-time borrowers, ~25% women borrowers

Shareholding Pattern as of Sept 30, 2026

  • Promoter & Promoter Group: 60.17% (15,76,17,340 shares)
  • Public Shareholders: 39.83% (10,43,48,050 shares)
  • AIF Holding: 5.10%
  • FPI Holding: 1.60%
  • NRI Holding: 0.55%
  • Total Shareholders: 29,199