Financial Results Summary

Standalone Financial Performance (₹ in crores)

Quarter Ended September 30, 2026:

  • Total Income: ₹318.15
  • Profit Before Tax: ₹48.15
  • Profit After Tax: ₹34.74
  • Basic EPS: ₹4.31

Half Year Ended September 30, 2026:

  • Total Income: ₹597.93
  • Profit Before Tax: ₹71.21
  • Profit After Tax: ₹50.83
  • Basic EPS: ₹6.33

Consolidated Financial Performance (₹ in crores)

Quarter Ended September 30, 2026:

  • Total Income: ₹340.42
  • Profit Before Tax: ₹36.95
  • Profit After Tax: ₹18.24
  • Basic EPS: ₹2.26

Half Year Ended September 30, 2026:

  • Total Income: ₹643.64
  • Profit Before Tax: ₹54.51
  • Profit After Tax: ₹30.12
  • Basic EPS: ₹3.75

Key Financial Metrics

Revenue Breakdown (Standalone Q2 FY27)

  • Interest Income: ₹296.95 crore
  • Net gain on fair value changes: ₹5.87 crore
  • Net gain on derecognition of financial instruments: ₹0.29 crore
  • Other income: ₹15.04 crore

Expense Breakdown (Standalone Q2 FY27)

  • Finance costs: ₹135.02 crore
  • Impairment on financial instruments: ₹2.80 crore
  • Employee benefits expenses: ₹92.28 crore
  • Depreciation and amortization: ₹1.87 crore
  • Other expenses: ₹38.03 crore

Balance Sheet Position (Standalone as of September 30, 2026)

  • Total Assets: ₹7,141.35 crore
  • Loans: ₹4,759.09 crore
  • Cash and cash equivalents: ₹760.23 crore
  • Debt securities: ₹2,086.65 crore
  • Borrowings: ₹2,476.79 crore
  • Total Equity: ₹2,428.67 crore

Corporate Actions

Rights Issue Call Notice

The Board approved issuance of Reminder-cum-Forfeiture Notice to holders of partly paid-up equity shares for unpaid First and Final Call amount of ₹115 per share (comprising ₹5 towards face value and ₹110 towards securities premium).

Conversion of Partly Paid-up Shares

The Capital Raising Committee approved conversion of 1,69,05,255 partly paid-up rights equity shares of face value ₹10.00 each into fully paid-up equity shares of face value ₹10.00 each at ₹230 per share.

Balance Unpaid Shares

For the balance 4,29,107 partly paid-up Equity Shares where First and Final Call amount remains unpaid, the Company shall issue reminder notice(s) in due course.

Amalgamation Plan

The Board approved amalgamation of Criss Financial Limited (wholly owned subsidiary) with the Company through a scheme of arrangement under Sections 230-232 of Companies Act, 2013. The scheme is subject to:

  • Sanction of National Company Law Tribunal, Hyderabad
  • Shareholder and/or creditor approvals
  • Regulatory approvals including from Reserve Bank of India

Appointed date of the proposed Scheme of Amalgamation is April 1, 2025. The company has reassessed and charged ₹7.92 crores of deferred tax asset to Profit and Loss account due to potential non-availability of tax losses post-amalgamation.

Key Ratios and Metrics

Regulatory Ratios (Standalone)

  • Debt-Equity Ratio: 1.88
  • Total debts to total assets: 0.64
  • Stage III loan assets to Gross loan assets: 2.58%
  • Net Stage III loan assets to Gross loan assets: 0.51%
  • Capital to risk-weighted assets ratio: 30.19%
  • Provision coverage ratio: 80.19%
  • Liquidity coverage ratio: 403.15%

Profitability Ratios

  • Net profit margin (Standalone): 10.92% for Q2 FY27, 8.50% for H1 FY27

Deferred Tax Asset

The Company recognized Deferred Tax Asset of ₹624.38 crore as at September 30, 2026 (₹640.63 crore as at March 31, 2026), primarily relating to:

  • Carried-forward tax losses: ₹507.88 crores for FY 2024-25 and FY 2025-26
  • Other deductible temporary differences: ₹116.50 crores

During Q2 FY27, the Company reversed DTA amounting to ₹14.76 crores and ₹22.49 crores for quarter and half year respectively on account of profit generated.

Security Receipts Details

Total carrying amount of Security Receipts held by the Company is Nil (Gross carrying amount: ₹129.73 crores, impairment loss allowance: ₹129.73 crores) as on September 30, 2026.

Recovery rating distribution:

  • RR5 (Up to 25% recovery): ₹129.56 crores
  • RR1 (100% to 150% recovery): ₹0.17 crores

Fund Utilization Disclosure

Non-Convertible Securities

  • Private placement of debentures raised ₹485 crores on April 28, 2026
  • Entire amount utilized for on-lending purposes with no deviation

Rights Issue Proceeds

  • Gross proceeds received: ₹199.35 crore against estimated ₹199.99 crore
  • ₹194.41 crore received from first and final call during current quarter
  • Entire amount remained unutilized in Escrow Account as on September 30, 2026

Security Coverage for Listed NCDs

Secured Listed Non-Convertible Debentures are fully secured through first-ranking, exclusive charge on identified receivables. Minimum security coverage of 110% maintained in accordance with Debenture Trust Deed terms.

Segment Information

The Company operates in a single business segment (financing) and single geographical segment (domestic). Not reliant on revenues from transactions with any single external customer.

Audit and Review Details

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on October 30, 2026. The standalone and consolidated financial results were reviewed by statutory auditors B S R & Co. LLP.

Board Meeting Details

The Board meeting commenced at 12:15 p.m. and concluded at 04:00 p.m. on October 30, 2026.