Key Financial Performance - Q2FY27

Income Statement Highlights (INR crore):

  • Interest income: ₹711 crore (33% YoY growth, 9% QoQ growth)
  • Interest expense: ₹286 crore (36% YoY growth, 10% QoQ growth)
  • Net Interest Income: ₹425 crore (32% YoY growth, 8% QoQ growth)
  • Fee & Other Income: ₹28 crore (34% YoY growth, 29% QoQ growth)
  • Net Revenue: ₹453 crore (32% YoY growth, 9% QoQ growth)
  • Employee Costs: ₹104 crore (24% YoY growth, 13% QoQ growth)
  • Operating Costs: ₹63 crore (46% YoY growth, 4% QoQ growth)
  • Total Operating Costs: ₹167 crore (32% YoY growth, 9% QoQ growth)
  • Pre-Provision Operating Profit (PPoP): ₹286 crore (32% YoY growth, 9% QoQ growth)
  • Credit Costs: ₹117 crore (27% YoY growth, 6% QoQ growth)
  • Profit/(Loss) on Associates: ₹4 crore (compared to ₹(3) crore in Q2FY26)
  • Profit before tax: ₹173 crore (43% YoY growth, 14% QoQ growth)
  • Tax expense: ₹44 crore (46% YoY growth, 13% QoQ growth)
  • Profit after tax: ₹129 crore (42% YoY growth, 14% QoQ growth)
  • Profit after tax (excluding NCI): ₹129 crore (41% YoY growth, 13% QoQ growth)

H1FY27 Performance (INR crore):

  • Interest income: ₹1,366 crore (31% YoY growth)
  • Net Revenue: ₹869 crore (30% YoY growth)
  • Profit after tax: ₹244 crore (44% YoY growth)

Assets Under Management (AUM):

  • Total AUM: ₹19,003 crore as of September 30, 2026
  • Intermediate Retail: ₹6,501 crore
  • MSME: ₹4,240 crore
  • Consumer: ₹6,912 crore
  • Rural: ₹1,350 crore

Asset Quality Metrics

NNPA (%) by Segment:

  • Intermediate Retail: 0.3% (from 0.2% in Jun-26)
  • MSME: 1.7% (from 1.8% in Jun-26)
  • Consumer: 0.1% (stable)
  • Rural: 0.01% (stable)
  • Total: 0.5% (stable)

Credit Cost by Segment (H1FY27):

  • Intermediate Retail: 1.0%
  • MSME: 2.9%
  • Consumer: 3.8%
  • Rural: 4.0%
  • Total: 2.6%

Business Segment Performance

Direct to Customer Lending:

  • D2C AUM increased to 66% of total portfolio
  • MSME AUM showed sustained growth momentum through phygital model
  • Consumer Finance: 96% of customers have bureau score of 700 & above
  • Rural Finance: Assets under Management grew by 12% QoQ

Credit Solutions:

  • Fee-based businesses generated ₹152 crore in revenue
  • IR lending balance sheet used to expand credit offerings for partners

Balance Sheet Position (INR crore as of Sep'26)

Assets:

  • Cash and bank balances: ₹457 crore
  • Loans: ₹14,804 crore
  • Investments: ₹3,049 crore
  • Other financial assets: ₹620 crore
  • Non-financial assets: ₹233 crore
  • Total assets: ₹19,163 crore

Liabilities and Equity:

  • Borrowings & Debt Securities: ₹14,107 crore
  • Other financial liabilities: ₹741 crore
  • Other non-financial liabilities: ₹94 crore
  • Equity: ₹4,213 crore
  • Non-controlling interest: ₹8 crore
  • Total liabilities and equity: ₹19,163 crore

Quarterly Averages:

  • Quarterly Average earning Assets: ₹16,722 crore
  • Quarterly Average total assets: ₹17,695 crore

Technology and Operations

  • nPOS digital lending proprietary platform deployed across lending cycles
  • 95% digital collections with 400+ collection field team
  • 100% NACH & UPI Mandate Availability

Management and Governance

Board of Directors:

  • Chairman & Non-Executive Independent Director (former MD & CEO, Bank of Baroda)
  • Mr. Ashish Mehrotra (Managing Director & Chief Executive Officer, former MD & CEO, Max Bupa Health Insurance)
  • Ms. Anuradha Rao (Non-Executive Non-Independent Director, former MD & CEO SBI Funds Management)
  • Mr. Ashutosh Arvind Pednekar (Non-Executive Independent Director, Practicing Chartered Accountant)
  • Mr. Sandeep Dhar (Non-Executive Independent Director)
  • Mr. Michael Jude Fernandes (Non-Executive Nominee Director, Co-lead Leapfrog Investments)
  • Mr. Vijay Chakravarthi (Non-Executive Nominee Director, former Executive Director, Standard Chartered Bank)
  • Ms. Vidya Krishnan (Non-Executive Independent Director, former Deputy MD – IT with State Bank of India)

Leadership Team:

  • Pardhasaradhi Rallabandi (Group Risk Officer & Governance Head)
  • Atul Tibrewal (Chief Financial Officer)
  • Saurabh Jaywant (Chief Legal Officer)
  • Gaurav Mehrotra (Chief Technology Officer)
  • Jagadish Babu Ramadugu (Managing Director & CEO - Pragati)
  • Amit Mandhanya (Chief Business Officer – Digital Lending)
  • Sandeep Singh (Head – Intermediate Retail)
  • Priyashis Das (Chief Executive Officer – Northern Arc Securities)
  • Bhavdeep Bhatt (Head - Arc Investment Managers)
  • Moushumi Mandal (Chief People Officer)