Financial Performance Highlights (Q1 FY27 vs Q1 FY26):

  • Assets Under Management (AUM): ₹1730.8 Crore, up 22.28% YoY
  • Revenue from operations: ₹92.6 crore, up 34.20% YoY (from ₹69.0 crore)
  • Net interest income (interest income less finance cost): ₹41.6 crore, up 36% YoY
  • Profit before tax: ₹16.1 crore, up 32% YoY
  • Profit after tax: ₹13.3 crore, up 36% YoY (from ₹9.8 crore)
  • Earnings per share: ₹2.64 (up from ₹1.94)
  • Net worth: ₹423 crore, up 12% from ₹379 crore
  • Gross Stage 3 (GNPA): Improved to 3.41% from 3.47%
  • Net Stage 3 (NNPA): Improved to 2.52% from 2.64%
  • Capital adequacy (CRAR): 24.40%, well above regulatory minimum

Interim Dividend:

The Board of Directors declared a first interim dividend of ₹0.25 per equity share (face value ₹10 each) for the financial year 2026-27. The record date for the dividend is August 7, 2026, and it will be paid on or before August 20, 2026.

Business and Strategic Progress:

  • Geographic expansion: Entering South India through partnership with Sreesastha, beginning with Karnataka and Tamil Nadu - first move beyond core six states (Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Uttar Pradesh and Chhattisgarh)
  • EV and rural financing: Partnerships with AMU Leasing and SHFIN to deepen electric-vehicle and rural lending reach
  • New product launch: Dedicated Battery Replacement Financing loan for lithium-ion batteries for electric three-wheelers
  • Portfolio diversification: Continuing to broaden mix across two-wheelers, three-wheelers, used cars, electric vehicles, small-business loans (Micro-LAP) and personal loans

Management Commentary:

Mr. Manish Shah, Managing Director, stated: "We have begun the year with strong momentum — growing revenue and profit by over a third year-on-year while improving our asset quality. Our capital position remains robust, and we are deploying it into disciplined growth: diversifying our product suite, deepening our EV and rural presence, and taking our first steps into South India. The interim dividend reflects both our confidence in the business and our commitment to rewarding shareholders as we scale. This year, we project our AUM to grow by 35–40%."

Additional Information:

  • Statutory auditors issued an unmodified (clean) opinion on the quarterly results
  • Company maintained full asset cover on its listed secured non-convertible debentures
  • No transfer of non-performing assets during the quarter
  • Company operates through 130+ locations across six states with partnerships with over 1,500 dealers
  • Loan book is over 90% secured
  • Technology platform delivers in-principle approvals in as little as one minute and fully digital, paperless journey