Niyogin Fintech Limited announced its financial and operational performance for the quarter ended June 30, 2026 (Q1 FY27) via a press release issued in compliance with SEBI Listing Regulations (Regulation 30).
Key Financial Figures
Consolidated Performance:
- Net Revenue: ₹22.1 Cr (down 8% YoY from ₹24.2 Cr in Q1 FY26)
- PBT (Ex-ESOP): ₹(6.0) Cr (compared to ₹(0.4) Cr in Q1 FY26)
- EBITDA: ₹0.2 Cr (compared to ₹2.4 Cr in Q1 FY26)
iServeU Business Segment:
- Net Revenue: ₹15.8 Cr
- Recurring (SaaS) Revenue: ₹5.6 Cr (up from ₹3.7 Cr in Q4 FY26)
- Order Book: ~₹546 Cr across 45 contracts (marginally lower QoQ)
- Soundbox Deployments: ~539K units
NBFC Business Segment:
- PBT (Ex-ESOP): ₹1.0 Cr
- AUM (including off-book exposure): ₹332 Cr
- Debt-to-Equity: Below 1.0
Strategic and Operational Updates
Demerger Progress: The company has received approvals from SEBI, BSE, and RBI for the proposed demerger and has now filed its application with the NCLT for final approval.
iServeU Business Challenges:
- UPI acquiring business faced model changes by partner banks from bank-led to aggregator-led model
- Chip shortage and logistical issues from West Asia situation caused reduced device deployments
- Company has tied up with Indian manufacturers to increase supply in coming quarters
Forward Guidance
iServeU FY27 Expectations:
- Net Revenue** (Gross Income net of partner payouts, funding costs, and credit costs): ₹100-115 Cr
- EBITDA Margins: 25-30%
NBFC FY27 Expectations:
- AUM* (including off-book exposure): ₹450-500 Cr
- Net Profit: ₹8-10 Cr
Management Commentary
Tashwinder Singh, MD & CEO, stated that the company took a cautious stand in Q1 FY27 due to environmental risks. He expressed confidence in delivering another profitable year in FY27 based on core revenue momentum and strategic initiatives.