Financial Results Overview

Standalone Financial Results for Q1 FY27 (₹ in crores):

  • Total Income: ₹2,336.92 (vs. ₹2,120.39 in Q4 FY26 and ₹1,314.01 in Q1 FY26)
  • Revenue from Operations: ₹2,330.22
  • Interest Income: ₹2,118.40
  • Rental Income: ₹1.64
  • Fees and Commission Income: ₹158.81
  • Net Gain on Fair Value Changes: ₹0.44
  • Net Gain on Derecognition of Financial Instruments: ₹50.93
  • Other Income: ₹6.70
  • Total Expenses: ₹1,925.66
  • Finance Costs: ₹921.65
  • Net Loss on Derecognition of Financial Instruments: ₹19.76
  • Impairment on Financial Instruments: ₹353.57
  • Employee Benefits Expenses: ₹293.83
  • Depreciation and Amortization: ₹30.40
  • Other Expenses: ₹306.45
  • Profit Before Tax: ₹411.26 (vs. ₹341.07 in Q4 FY26 and ₹83.44 in Q1 FY26)
  • Tax Expense: ₹103.55
  • Current Tax: ₹114.71
  • Deferred Tax: (₹10.97)
  • Profit After Tax: ₹307.71 (vs. ₹254.79 in Q4 FY26 and ₹62.60 in Q1 FY26)
  • Earnings Per Share (₹):
  • Basic: ₹3.55
  • Diluted: ₹3.54

Capital Structure Changes

  • ESOP Allotment: During Q1 FY27, the company allotted 250,147 equity shares (face value ₹2 each) to eligible employees under various employee stock option plans.
  • QIP Completion: On April 13, 2026, the company completed a Qualified Institutional Placement (QIP) by issuing 67,430,883 equity shares (face value ₹2 each) at an issue price of ₹370.75 per share, aggregating to ₹2,500 crores.
  • Paid-up Equity Share Capital: Increased to ₹175.16 crores as of June 30, 2026 (from ₹161.59 crores as of March 31, 2026).

Debt Instruments

During Q1 FY27, the company issued commercial papers and non-convertible debentures listed on BSE:

  • PFL NCD Series SDA1 FY2026-27: ₹155.00 crores
  • PFL NCD Series B1 FY2026-27: ₹1,000.00 crores (issued on May 11, 2026)

Total listed secured NCDs outstanding as of June 30, 2026: ₹15,883.32 crores across 20 series.

Asset Quality Metrics (RBI NBFC Directions)

  • Gross Stage 3 %: 1.37%
  • Net Stage 3 %: 0.70%
  • Loan Assignments (Not in Default):
  • Count: 15,883 accounts
  • Amount: ₹1,000.34 crores
  • Retention of Beneficial Economic Interest: 10%
  • Weighted Average Maturity: 139 months
  • Coverage of Tangible Security: 84%
  • Stressed Loans Transferred to ARCs:
  • Count: 5,826 accounts
  • Aggregate Principal Outstanding: ₹118.91 crores
  • Net Book Value: ₹54.29 crores
  • Aggregate Consideration: ₹51.27 crores

Joint Venture Disclosure

The company continues to classify its investment in joint venture Jaguar Advisory Services Private Limited (JASPL) as "assets held for sale" as per Ind AS 105. The Board reaffirmed the plan to sell its shareholding in JASPL on May 5, 2026, subject to regulatory approvals.

Fund Utilization

  • QIP Proceeds: No deviation in utilization. Funds used as per objects:
  • ₹23,215.16 million for augmenting AUM and lending activities
  • ₹1,000.00 million for repayment/prepayment of existing borrowings
  • ₹684.84 million for issue-related expenses (₹644.84 million utilized, ₹40.00 million in escrow)
  • Security Cover: The company maintained sufficient security cover for all listed secured NCDs, with overall pari-passu security cover ratio at 101% based on book values.

Auditor Review

The financial results were reviewed by joint statutory auditors M S K A & Associates LLP and Kirtane & Pandit LLP, who issued unmodified review reports.

Investor Presentation

An investor presentation will be submitted separately and uploaded to the company website as per Regulation 30 requirements.