Financial Results Summary

Income Statement (₹ millions)

  • Revenue from operations: ₹6,686.35 (Q1 FY27) vs ₹5,586.22 (Q1 FY26) and ₹6,318.14 (Q4 FY26)
  • Interest income: ₹5,682.79 (Q1 FY27) vs ₹5,187.06 (Q1 FY26)
  • Fees and commission income: ₹367.85 (Q1 FY27) vs ₹106.52 (Q1 FY26)
  • Net gain on fair value changes: ₹582.15 (Q1 FY27) vs ₹228.80 (Q1 FY26)
  • Total income: ₹6,706.09 (Q1 FY27) vs ₹5,590.59 (Q1 FY26)
  • Finance costs: ₹2,467.36 (Q1 FY27) vs ₹2,097.57 (Q1 FY26)
  • Impairment on financial instruments: ₹918.51 (Q1 FY27) vs ₹1,253.83 (Q1 FY26)
  • Employee benefits expense: ₹1,616.63 (Q1 FY27) vs ₹1,522.35 (Q1 FY26)
  • Profit before tax: ₹1,066.02 (Q1 FY27) vs ₹57.61 (Q1 FY26)
  • Tax expense: ₹252.64 (Q1 FY27) vs ₹(4.23) (Q1 FY26)
  • Net profit: ₹813.38 (Q1 FY27) vs ₹61.84 (Q1 FY26)

Key Metrics

  • Earnings per share (Basic): ₹4.85 (Q1 FY27) vs ₹0.37 (Q1 FY26)
  • Earnings per share (Diluted): ₹4.83 (Q1 FY27) vs ₹0.36 (Q1 FY26)
  • Paid-up equity share capital: ₹1,677.67 million (face value ₹10 each)

Operational Highlights

  • Gross Loan Portfolio: ₹14,457.2 crore, up 18% YoY
  • Disbursements: ₹2,645 crore (highest-ever Q1), up 48.9% YoY
  • Active customers: 32.5 lakh
  • Branches: 1,671
  • Employees: 15,639

Asset Quality

  • Gross NPA: ₹4,069.90 million (3.70%) vs ₹4,209.21 million (3.89%) in previous quarter
  • Net NPA: ₹1,124.36 million (1.05%) vs ₹1,198.16 million (1.14%) in previous quarter
  • Provision coverage ratio: 72.37% vs 71.53% in previous quarter
  • Credit cost: 2.6% (below guided range of 2.7-3%)

Capital Structure

  • Net worth: ₹29,393.29 million vs ₹28,543.12 million in FY26
  • Debt equity ratio: 3.42 times vs 3.34 times in FY26
  • CRAR: 24.91% vs 23.92% in FY26
  • Liquidity Coverage Ratio: 233.40%

Funding Activities

  • Issued 7,028 secured, listed, rated, redeemable non-convertible debentures amounting to ₹702.80 million during the quarter
  • Raised ₹2,733 crore during the quarter
  • Average cost of borrowing reduced to 10.13% from 10.27% in FY26

Business Developments

  • Non-JLG portfolio expanded to 24% of total portfolio
  • Commenced gold loan disbursements under co-lending partnership with Muthoot Fincorp Limited
  • CRISIL upgraded long-term credit rating to AA-/Stable from A+/Positive
  • Digital collections increased to 40.5% from 23.1% in Q1 FY26

Related Party Transactions

Transactions with related parties including Muthoot Fincorp Limited (holding company), fellow subsidiaries, and key management personnel totaling approximately ₹50 million in various categories including commission expense, rent expenses, and remuneration.

Auditor Review

Statutory auditors Suresh Surana & Associates LLP issued limited review report confirming financial results prepared in accordance with Ind AS 34 and RBI guidelines, with no material misstatements identified.

Board Meeting Details

Meeting held on August 06, 2026, commenced at 2:50 PM and concluded at 4:30 PM.