Niyogin Fintech Limited submitted a regulatory filing to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosing a press release announcing its financial and operational performance for the quarter and half year ended September 30, 2026.

Management Commentary

Tashwinder Singh, MD & CEO, stated that the company returned to growth in Q2 FY27 after a slow Q1, albeit in a calibrated manner due to environmental risks. He expressed confidence in delivering a profitable FY27 based on core revenue momentum.

Regarding the proposed Composite Scheme of Arrangement, the company has completed all required approvals from shareholders and creditors as directed by the NCLT and now awaits the NCLT's final approval. Approvals from SEBI, BSE, and RBI have already been received.

iServeU Performance (Q2 FY27)

  • Net Revenue: ₹18.1 Cr, increased 15% quarter-on-quarter (QoQ)
  • Profit Before Tax (PBT): ₹(3.4) Cr, improved from ₹(5.6) Cr in Q1 FY27
  • Order Book: Approximately ₹546 Cr
  • Soundbox Deployments: Reached ~600K units, with ~61K units added during Q2 FY27
  • UPI acquiring business has stabilized under the Aggregator-led model with significantly improved volumes
  • Recurring SaaS revenue increased from ₹5 Cr to ₹6 Cr
  • Longer device delivery times due to the West Asia situation continue to constrain Soundbox/POS deployments
  • Tie-ups with a few Indian manufacturers have begun supplies to ease constraints

NBFC Business Performance (Q2 FY27)

  • Profit Before Tax (Ex-ESOP): ₹(1.4) Cr, compared to ₹1.0 Cr in Q1 FY27
  • Assets Under Management (AUM)*: ₹270 Cr, decreased 19% QoQ
  • Focused on calibrated portfolio growth, disciplined underwriting, and partnership-led lending
  • Maintained debt-to-equity below 1.0
  • Announced strategic credit and sourcing partnership with Sammaan Capital for up to ₹500 Cr
  • Expected NBFC AUM target moderated to ₹400-425 Cr to reflect the environment

Consolidated Performance (Q2 FY27)

  • Consolidated Net Revenue**: ₹23.9 Cr, increased 8% QoQ
  • Consolidated EBITDA: ₹1.4 Cr, improved from ₹0.2 Cr in Q1 FY27
  • Consolidated PBT (Ex-ESOP): ₹(4.4) Cr, improved from ₹(6.0) Cr in Q1 FY27

*Including off-book exposure

**Gross Income, net of partner payouts, funding costs, and credit costs