Financial Performance - Quarter Ended September 30, 2026 (₹ in Lakhs)

  • Revenue from Operations: ₹6,096.02
  • Interest Income: ₹4,130.32
  • Fees and Commission Income: ₹242.85
  • Net gain on derecognition of financial instruments: ₹1,667.39
  • Net gain on Fair Value Changes: ₹55.46
  • Other Income: ₹6.28
  • Total Income: ₹6,102.30
  • Expenses: ₹6,001.01
  • Finance cost: ₹2,138.23
  • Impairment on financial instruments: ₹896.34
  • Employee benefit expense: ₹221.75
  • Other expenses: ₹501.78
  • Depreciation and amortization expense: ₹252.91
  • Profit before tax: ₹101.29
  • Tax Expense: ₹10.67
  • Profit after tax: ₹90.62
  • Earnings per share (not annualized): Basic ₹0.16, Diluted ₹0.16

Financial Performance - Half Year Ended September 30, 2026 (₹ in Lakhs)

  • Revenue from Operations: ₹11,297.66
  • Other Income: ₹16.59
  • Total Income: ₹11,314.25
  • Expenses: ₹11,188.72
  • Profit before tax: ₹125.53
  • Tax Expense: ₹14.21
  • Profit after tax: ₹111.32
  • Earnings per share: Basic ₹0.19, Diluted ₹0.19

Comparative Figures - Quarter Ended September 30, 2025 (₹ in Lakhs)

  • Revenue from Operations: ₹5,201.64
  • Other Income: ₹10.31
  • Total Income: ₹5,211.95
  • Expenses: ₹5,187.71
  • Profit before tax: ₹24.24
  • Tax Expense: ₹3.54
  • Profit after tax: ₹20.70
  • Earnings per share: Basic ₹0.03, Diluted ₹0.03

Balance Sheet Position as at September 30, 2026 (₹ in Lakhs)

  • Total Assets: ₹1,05,693.49
  • Financial assets: ₹99,327.07 (Cash & cash equivalents: ₹11,142.00, Loans: ₹63,874.34, Investments: ₹8,503.67)
  • Non-financial assets: ₹6,366.42
  • Total Liabilities: ₹75,942.44
  • Financial liabilities: ₹75,662.24 (Debt securities: ₹33,124.20, Borrowings: ₹39,330.35)
  • Non-financial liabilities: ₹280.20
  • Equity: ₹29,751.05
  • Equity share capital: ₹6,981.89 (Face value ₹10)
  • Other equity: ₹22,769.16

Key Financial Ratios (as per Regulation 52(4))

  • Debt-equity ratio: 2.44
  • Total debts to total assets: 0.69
  • Net worth: ₹29,751.05 lakh
  • Gross Stage 3 Assets Ratio: 0.01%
  • Net Stage 3 Assets Ratio: 0.00%
  • Capital to risk weighted assets ratio: 26.35%
  • Security cover over listed non-convertible debentures: 1.10 times
  • Net profit margin: 1.49%

Regulatory Compliance and Additional Disclosures

  • The company is registered with RBI as NBFC Middle Layer (NBFC-ML)
  • All secured non-convertible debentures are fully secured by hypothecation of loan receivables/other assets
  • During the quarter, the company received one investor complaint which was resolved within the quarter
  • The company transferred loans through assignment:
  • Aggregate principal outstanding: ₹2,614.24 lakh (10% MIRR) and ₹3,270.12 lakh (20% MIRR)
  • Weighted average maturity: 4.98 years and 6.55 years respectively
  • The company transferred stressed loans to ARC:
  • No. of accounts: 2,276
  • Aggregate principal outstanding: ₹2,926.05 lakh
  • Net book value at transfer: ₹2,683.94 lakh
  • Aggregate consideration: ₹2,046.48 lakh

Annexures Submitted

  • Annexure-I: Limited Review Report by Gaur & Associates
  • Annexure-II: Additional disclosure of ratios pursuant to Regulation 52(4)
  • Annexure-III: Security Cover Certificate from auditors pursuant to Regulation 54(2)/(3)
  • Annexure-IV: Statement of utilization of issue proceeds and material deviations
  • Annexure-V: Statement of deviation/variation in respect of Preferential Issue

Certifications

Gaur & Associates issued a limited review report stating nothing came to their attention that causes them to believe the financial results contain material misstatement. They also certified the security cover for listed NCDs amounting to ₹332.00 crores, confirming asset coverage of 1.10 times.