Financial Performance Highlights
Laxmi India Finance Limited reported strong FY2025-26 results with Profit After Tax of ₹49.68 crore, representing 38.33% YoY growth. Assets Under Management grew 27.35% to ₹1,626.26 crore, while total income increased 28.85% to ₹319.60 crore. The company maintained robust capital adequacy with CRAR of 26.12% (well above the 15% regulatory requirement) and improved its debt-equity ratio to 2.87x from 4.41x in the previous year.
Operational Metrics and Expansion
The company expanded its branch network to 176 branches across six states (Rajasthan, Gujarat, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Maharashtra) with 18 net additions during the year. It served 42,809 customers with a diversified portfolio comprising MSME Finance (79.8%), Vehicle Finance (9.0%), Construction Finance (5.3%), and Wholesale & Personal Loans (3.3%). Employee strength stood at 1,805 as of March 31, 2026.
Capital Markets Activity and IPO
Laxmi India Finance successfully completed its Initial Public Offering in August 2025, issuing 1.045 crore fresh equity shares and raising net proceeds of ₹157.90 crore after issue-related expenses. The IPO led to significant improvement in the capital structure and provided Tier I capital for onward lending requirements. The company also implemented an Employee Stock Option Scheme-2023 with a pool of 20.9 lakh options, of which 736,158 options were in force as of March 31, 2026.
Asset Quality and Risk Management
Asset quality showed gross NPA at 2.13% (including specific direct assignment pool default) and net NPA at 1.08%, with provision coverage of 49.43%. The company adopted Expected Credit Loss methodology under Ind AS 109, with Stage 3 loans comprising 2.1% of the portfolio. Through assignment deals, the company derecognized financial assets worth ₹34.99 crore, recording a gain of ₹8.67 crore.
Corporate Governance and Compliance
The company maintained strong corporate governance with 7 directors (4 independent, 3 executive) and 14 Board committees. Certifications from practicing company secretaries confirmed full compliance with SEBI LODR regulations and that no directors were disqualified. The company reported zero sexual harassment complaints and no regulatory penalties during FY2025-26.
CSR and Other Disclosures
Corporate Social Responsibility expenditure totaled ₹66.57 lakhs against an obligation of ₹63.68 lakhs, focused primarily on education (61.3% of spend), healthcare, and community welfare. The company adopted new Labour Codes resulting in ₹44.67 lakhs additional employee benefit provision. It maintained credit ratings of Acuité A (Stable Outlook) for various debt instruments.
Forward Outlook and AGM Details
The 29th Annual General Meeting is scheduled for September 16, 2026, with agenda items including adoption of financial statements, re-appointment of Mrs. Aneesha Baid as Whole-Time Director, and approval for issuance of Non-Convertible Debentures up to ₹400 crores. The company continues to maintain positive ALM surplus across all maturity buckets and adequate liquidity position of ₹185.64 crore.