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Laxmi India Finance Allots ₹100 Cr Secured NCDs at 10.50% Coupon
Laxmi India Finance Limited has approved the allotment of 1,00,000 secured, rated, listed Non-Convertible Debentures (NCDs) aggregating to ₹100 crore on a private placement basis. The issuance comprises Series A (₹70 crore) and Series B (₹30 crore), each carrying a face value of ₹10,000. The NCDs carry a coupon of 10.50% per annum payable monthly and have a tenure of 36 months, maturing on September 02, 2029. The proceeds will provide liquidity to support the NBFC's ongoing lending operations.
Confidence: HIGH
What changedThe company allotted ₹100 crore worth of 3-year secured NCDs across two series on private placement.
Why it mattersSecuring 3-year term funding at 10.50% supports asset liability management (ALM) and provides capital for vehicle and MSME loan disbursements.
Total Issue Size: ₹100 croreSeries A Amount: ₹70,00,00,000Series B Amount: ₹30,00,00,000Coupon Rate: 10.50% per annumTenure: 36 MonthsMaturity Date: September 02, 2029
📅 Short termRoutine liquidity injection for operational lending requirements; minimal immediate share price reaction expected.
📈 Long termProvides medium-term liabilities to match asset maturities as the company expands its branch network and loan book.
⚠ Risk flags
- Borrowing cost risk if lending yields compress relative to the 10.50% coupon cost
- Asset quality risks on underlying receivables hypothecated as security
Key Highlights
Total debt raised: ₹100 crore across Series A (₹70 crore) and Series B (₹30 crore)
Coupon rate: 10.50% per annum, payable monthly
Tenure: 36 months, with final redemption date set for September 02, 2029
Face value: ₹10,000 per debenture, secured by a first and exclusive charge on identified receivables
Listing: Proposed to be listed on the Wholesale Debt market segment of BSE Limited
👀 What to Watch
Track the deployment of funds towards loan book growth and observe trends in net interest margins (NIMs) against borrowing costs of 10.50% in upcoming quarterly disclosures.
Laxmi India Finance Approves ₹100 Cr Secured NCD Issuance via Private Placement
Laxmi India Finance's Business Operation Committee has approved the issuance of up to 1,00,000 rated, listed, secured Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating up to ₹100 crore. The issuance includes a green shoe option of up to 20,000 NCDs worth ₹20 crore on a private placement basis. The NCDs will be secured by a first and exclusive charge on identified receivables and listed on the Wholesale Debt Market segment of BSE. This updates an earlier structure communicated on August 20, 2026.
Confidence: HIGH
What changedApproved the structure to raise up to ₹100 crore via secured NCDs on private placement basis, modifying the previous ₹50 crore base + ₹50 crore green shoe proposal.
Why it mattersSecures debt capital to support ongoing disbursements and AUM expansion in the company's core rural MSME and vehicle financing segments.
Total Issue Size (incl. Greenshoe): ₹100,00,00,000Greenshoe Option: ₹20,00,00,000Face Value per NCD: ₹10,000Total NCD Count: 1,00,000Jun 2026 Quarterly Revenue: ₹93.50 cr
📅 Short termRoutine debt capital raising for an NBFC; ensures disbursement liquidity without immediate equity dilution.
📈 Long termSupports the company's target growth rate of 35-40% by maintaining adequate liability funding for branch and portfolio additions.
⚠ Risk flags
- Cost of debt capital / coupon pricing terms yet to be disclosed in Key Information Document
- Asset quality performance on hypothecated loan receivables
Key Highlights
Approved issuance of up to 1,00,000 rated, secured NCDs aggregating up to ₹100 crore
Includes a green shoe option of up to 20,000 NCDs aggregating ₹20 crore
NCDs have a face value of ₹10,000 each and will be listed on BSE Wholesale Debt Market
Secured by a first and exclusive charge on identified loan receivables
Meeting concluded on August 25, 2026 at 7:45 PM IST
👀 What to Watch
Monitor upcoming disclosures and the Key Information Document (KID) for finalized coupon rates, tenure, and allotment timeline.
Laxmi India Finance to Consider Raising up to ₹100 Cr via NCDs on August 25
Laxmi India Finance Limited has announced a meeting of its Business Operation Committee scheduled for August 25, 2026, to consider raising funds via private placement of Non-Convertible Debentures (NCDs). The proposed issue comprises 50,000 secured, rated NCDs of face value ₹10,000 each, amounting to a base size of ₹50 crore with a green shoe option of up to ₹50 crore, totaling up to ₹100 crore. In line with insider trading regulations, the trading window for designated persons is closed from August 20, 2026, until 48 hours post-meeting conclusion.
Confidence: HIGH
What changedThe company called a committee meeting to evaluate and approve an NCD issuance of up to ₹100 crore.
Why it mattersSecuring long-term debt through NCDs supports the company's lending operations and liquidity profile, typical for NBFC expansion.
Base Issue Size: INR 50,00,00,000Green Shoe Option: INR 50,00,00,000Total Proposed Fundraise: INR 100,00,00,000Number of NCDs: 50,000Face Value per NCD: INR 10,000Committee Meeting Date: August 25, 2026
📅 Short termThe announcement is routine operational debt fundraising; market attention will be on terms approved on August 25, 2026.
📈 Long termLimited direct re-rating impact; helps maintain liability mix and funding for loan book growth if raised at competitive borrowing costs.
⚠ Risk flags
- Cost of debt / borrowing yield impact on net interest margins
Key Highlights
Meeting of Business Operation Committee scheduled for August 25, 2026
Base issue size of ₹50 crore with a green shoe option of ₹50 crore, totaling up to ₹100 crore
Proposed issuance of 50,000 secured, rated, redeemable NCDs at a face value of ₹10,000 each
Trading window closed from August 20, 2026, until 48 hours after the August 25, 2026 committee meeting
👀 What to Watch
Track the outcome of the Business Operation Committee meeting on August 25, 2026, specifically looking for final coupon rates, tenure, and investor allotment details.
Q1 FY27 PAT Jumps 70% YoY to ₹16.4 Cr; AUM Grows 28% to ₹1,721.7 Cr
Laxmi India Finance reported robust Q1 FY27 performance with PAT surging 70% YoY to ₹16.4 crore, driven by a 39% rise in Net Interest Income to ₹47.1 crore and a 93 bps expansion in NIM to 11.36%. Total AUM expanded 28% YoY to ₹1,721.7 crore, supported by quarterly disbursements of ₹232 crore (+40% YoY). Asset quality showed GNPA at 2.08% and NNPA at 0.93%, while credit costs increased to 0.95% (vs 0.58% YoY) due to vehicle financing. Management maintained its annual guidance of 30-35% AUM growth and 40-45% PAT growth.
Confidence: HIGH
What changedDetailed disclosures from the Q1 FY27 earnings call confirming 70% PAT growth, margin expansion, and cost of fund reductions.
Why it mattersConfirms strong operational momentum in rural and semi-urban MSME lending, aided by a credit rating upgrade to 'A' which reduced incremental borrowing costs to 10.48%.
Q1 PAT: INR 16.4 croresAUM: INR 1721.7 croresDisbursements (Q1): INR 232 croresNet Interest Margin (NIM): 11.36%Gross NPA: 2.08%Average Cost of Borrowing: 10.66%
📅 Short termPositive sentiment supported by healthy disbursement momentum and spread expansion.
📈 Long termCluster-based geographical expansion and expanding bank lending relationships support the targeted 30-35% annual AUM growth.
⚠ Risk flags
- Increase in annualized credit costs to 0.95% (vs 0.58% YoY) due to stress in vehicle financing
- Operating cost drag as branch network expands into new geographies
Key Highlights
Q1 FY27 PAT rose 70% YoY to ₹16.4 crore, with Net Interest Income up 39% to ₹47.1 crore
AUM grew 28% YoY to ₹1,721.7 crore, led by core MSME AUM of ₹1,395 crore
Disbursements increased 40% YoY to ₹232 crore across a network of 194 branches in 6 states
NIM expanded to 11.36% from 10.43% YoY, aided by a 67 bps decline in average borrowing cost to 10.66%
GNPA improved sequentially to 2.08% and NNPA to 0.93%, while credit cost rose to 0.95% (₹3.69 crore)
👀 What to Watch
Track asset quality trends in the vehicle financing book and monitor branch maturation and productivity in newer markets like Uttar Pradesh and Maharashtra in upcoming quarters.
Q1 FY27 Update: 60.17% Promoter Holding and 164 Branch Network Maintained
Laxmi India Finance's Q1 FY27 presentation confirms a stable promoter stake of 60.17% and a diversified lender base of 47 institutions, including 9 PSUs and 10 private banks. The company is executing its strategy to add 29 new branches in FY26 to its existing 164-branch network, targeting a 35-40% growth rate. Financial stability is supported by a high Capital Adequacy Ratio of 31.90% and a disciplined GNPA of 1.59%. The shift toward LCV and MSME loans, with an average ticket size of Rs 7-8 lakhs, remains the core focus for risk mitigation.
Confidence: HIGH
What changedThe company released its Q1 FY27 investor presentation, providing updated shareholding data and a comprehensive summary of its lending partnerships and management structure.
Why it mattersThe filing confirms the company's capital strength and diversified funding access, which are critical for sustaining its 35-40% growth target in the rural MSME and vehicle finance segments.
Promoter Holding: 60.17%AIF Stake: 5.32%Current Branch Network: 164 unitsPlanned FY26 Branch Additions: 29 unitsCapital Adequacy Ratio: 31.90%Total Lenders: 47
📅 Short termNeutral. The presentation reiterates known growth strategies and provides updated shareholding without major surprises for the market.
📈 Long termStructural growth depends on successfully transitioning the AUM away from heavy commercial vehicles while maintaining a 30-35% historical CAGR through aggressive branch expansion.
⚠ Risk flags
- Dependency on banking partners for liquidity
- Execution risk in new state entries
- Potential asset quality pressure if the shift from heavy commercial vehicles is delayed
Key Highlights
Promoter and Promoter Group maintain a majority stake of 60.17% as of June 30, 2026
Diversified borrowing profile with 47 lenders, including 10 private banks and 7 small finance banks
Operational footprint includes 164 branches, with a target to add 29 more in FY26
Capital Adequacy Ratio remains strong at 31.90% following the company's IPO
Institutional interest is present with Alternative Investment Funds (AIFs) holding a 5.32% stake
👀 What to Watch
Watch for the quarterly branch addition run-rate and the impact of the Uttar Pradesh expansion on the overall loan yield, which recently improved by 50 bps to 22.18%.
₹55.05 Cr Outstanding NCDs Reported in Q1 FY27 Board Meeting Outcome
Laxmi India Finance approved its unaudited financial results for the quarter ended June 30, 2026, with an unmodified auditor's opinion. The company confirmed outstanding listed Non-Convertible Debentures (NCDs) totaling ₹55.05 crores, maintaining a required asset cover of 1.10x. The 29th Annual General Meeting is scheduled for September 16, 2026, via video conferencing. While specific P&L figures were not detailed in this summary extract, the filing confirms regulatory compliance and debt servicing stability.
Confidence: HIGH
What changedApproval of Q1 FY27 financial results and formal scheduling of the 29th Annual General Meeting.
Why it mattersConfirms the company is meeting its debt covenants (1.10x asset cover) and maintains regulatory transparency for its listed NCDs.
Outstanding NCDs: ₹55.05 croresAsset Cover Ratio: 1.10xAGM Date: September 16, 2026GNPA (from context): 1.59%
📅 Short termNeutral impact expected as the filing is a routine approval of quarterly results and AGM scheduling.
📈 Long termStructural growth depends on the successful shift from heavy commercial vehicles to LCVs and MSME loans, alongside the planned 29-branch expansion.
⚠ Risk flags
- Dependency on banking partners for liquidity
- Exposure to commercial vehicle sector cycles
Key Highlights
Total outstanding listed debt (NCDs) reached ₹55.05 crores as of June 30, 2026.
Asset cover for secured debt securities maintained at 1.10x, meeting regulatory covenants.
29th Annual General Meeting (AGM) set for September 16, 2026, at 04:30 PM.
Statutory auditors issued a Limited Review Report with an unmodified opinion for the quarter.
Company maintains a network of 164 branches with plans to add 29 more in FY26.
👀 What to Watch
Investors should review the full P&L statement on the company website to track if the 35-40% growth target is being met through the new branch expansions.
Laxmi India Finance FY26 PAT Surges 38% to ₹49.7 Cr; AUM Grows 27% to ₹1,626 Cr
Laxmi India Finance Limited reported a robust performance for FY26, its first year as a listed entity, with AUM growing 27% YoY to ₹1,626 crores. Profit After Tax (PAT) increased by 38% to ₹49.7 crores, supported by a 39% rise in Net Interest Income to ₹161 crores. The company successfully reduced its average cost of borrowing to 10.8% and received a credit rating upgrade to 'A/Stable'. Management has provided a strong growth guidance of 30-35% for AUM and 40-45% for PAT in the medium term.
Key Highlights
AUM increased 27% YoY to ₹1,626 crores with disbursements reaching ₹821 crores in FY26.
Net Interest Margin (NIM) expanded to 11.26% while average cost of borrowing fell from 11.48% to 10.8%.
Asset quality remained stable with Gross NPA at 2.13% and Net NPA at 1.09% as of March 2026.
Capital Adequacy Ratio (CAR) stands strong at over 26% following the August 2025 IPO.
Branch network expanded to 176 branches across six states, including a new entry into Maharashtra.
👀 What to Watch
Investors should look favorably on the company's improving operating leverage and strong capital position post-IPO. Monitor the execution of the 30-35% AUM growth guidance and asset quality trends as they expand into newer geographies like Maharashtra.
Laxmi India Finance FY26 PAT Grows 38% to ₹49.7 Cr; AUM Surges to ₹1,626 Cr
Laxmi India Finance reported a strong financial performance for FY26, with Profit After Tax (PAT) increasing by 38.33% YoY to ₹49.68 crore. Assets Under Management (AUM) grew by 27.35% to reach ₹1,626.26 crore, supported by a network expansion to 176 branches. While headline Gross NPA rose to 2.13% due to a specific 'Up-Money Default,' the core GNPA remains healthy at 0.80% excluding this event. The company's net worth saw a significant boost of 80.49% to ₹465.47 crore, strengthening the capital adequacy ratio to 26.12%.
Key Highlights
AUM grew 27.35% YoY to ₹1,626.26 crore with annual disbursements of ₹821.44 crore.
Net Interest Income (NII) surged 38.65% to ₹161.78 crore, driven by NIM expansion to 11.26%.
Cost of borrowing improved by 68 bps to 10.80%, contributing to a credit rating upgrade to 'A/Stable'.
Net worth increased to ₹465.47 crore following the IPO, resulting in a robust Tier-I CRAR of 25.61%.
Return on Assets (ROA) improved to 3.08% from 2.98% in the previous fiscal year.
👀 What to Watch
Investors should view the strong AUM growth and NIM expansion favorably, while monitoring the resolution of the 'Up-Money Default' that impacted headline asset quality. The significant capital buffer and rating upgrade provide a solid foundation for continued expansion in the SME and retail lending space.
Laxmi India Finance Approves ₹400 Cr NCD Fundraise and FY26 Audited Results
Laxmi India Finance has approved a significant fundraise of up to ₹400 Crores through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis to fuel growth. The company also released its audited financial results for the fiscal year ended March 31, 2026, which received an unmodified opinion from the statutory auditors. In a move to strengthen governance and leadership, the board appointed M/s V.M. & Associates as Secretarial Auditors for a five-year term and Mr. Yogesh Garg as Vice President of HR. These steps indicate a focus on capital expansion and organizational scaling.
Key Highlights
Board approved issuance of Non-Convertible Debentures (NCDs) up to ₹400 Crores via private placement.
Released audited financial results for FY26 with an unmodified audit opinion from S.C. Bapna & Associates.
Appointed M/s V.M. & Associates as Secretarial Auditors for a 5-year term starting April 01, 2026.
Appointed Mr. Yogesh Garg as Vice President – HR, strengthening the Senior Management team.
Confirmed no material deviations in the utilization of proceeds from previously issued non-convertible securities.
👀 What to Watch
Investors should monitor the deployment of the ₹400 Crore capital for loan book growth and evaluate the detailed FY26 financial performance for trends in asset quality and margins.
Laxmi India Finance to Raise ₹400 Cr via NCDs and Appoints Yogesh Garg as VP-HR
Laxmi India Finance Limited's board has approved a significant fundraise of up to ₹400 crores through the private placement of Non-Convertible Debentures (NCDs), pending shareholder approval. During the meeting held on May 13, 2026, the board also cleared the audited financial results for the fiscal year ended March 31, 2026, which received an unmodified opinion from auditors. The company is strengthening its leadership by appointing Mr. Yogesh Garg as Vice President - HR and has designated new secretarial auditors for a five-year term. These moves indicate a focus on capital adequacy and organizational growth.
Key Highlights
Approved issuance of Non-Convertible Debentures (NCDs) up to ₹400 crores on a private placement basis.
Released audited financial results for FY26 with an unmodified audit opinion from M/s. S.C. Bapna & Associates.
Appointed Mr. Yogesh Garg as Vice President - HR, effective May 13, 2026.
Appointed M/s V.M. & Associates as Secretarial Auditors for a five-year term from April 2026 to March 2031.
Confirmed no material deviations in the utilization of proceeds from previous non-convertible security issues.
👀 What to Watch
Investors should monitor the terms of the ₹400 crore NCD issuance and the upcoming Annual General Meeting for final approvals. The unmodified audit report and leadership expansion are positive signs of corporate governance and growth readiness.
Laxmi India Finance Reports Zero Deviation in Utilization of ₹165.17 Cr IPO Proceeds
Laxmi India Finance Limited has officially confirmed that there were no deviations or variations in the utilization of funds raised through its Initial Public Offering (IPO). The company raised ₹165.17 Crores with an allotment date of August 01, 2025, and subsequent listing on August 05, 2025. For the quarter ended March 31, 2026, the Audit Committee and monitoring agency, CARE Ratings Limited, verified that funds were used as per the objects stated in the prospectus. This report underscores the company's adherence to its stated financial objectives and regulatory compliance.
Key Highlights
Total funds raised via Initial Public Offering (IPO) amounted to ₹165.17 Crores.
Confirmed zero deviation or variation in the use of proceeds for the quarter ended March 31, 2026.
CARE Ratings Limited served as the independent monitoring agency for the fund utilization.
The company has been listed on BSE and NSE since August 05, 2025.
👀 What to Watch
Investors should take confidence in the management's disciplined use of capital in line with IPO promises. No immediate action is required other than monitoring future quarterly updates for continued transparency.
Laxmi India Finance to Raise ₹400 Cr via NCDs; Approves FY26 Audited Financial Results
Laxmi India Finance Limited has approved its audited financial results for the fiscal year ending March 31, 2026, with a clean audit report from S.C. Bapna & Associates. A significant highlight is the board's approval to raise up to ₹400 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The company is also strengthening its governance and leadership by appointing new secretarial auditors for a five-year term and hiring a Vice President for Human Resources. These moves collectively signal a push towards capital expansion and organizational scaling.
Key Highlights
Board approved a fundraise of up to ₹400 crore through Non-Convertible Debentures (NCDs) on a private placement basis.
Audited financial results for FY26 were approved with an unmodified (clean) auditor's opinion.
M/s V.M. & Associates appointed as Secretarial Auditors for a five-year term from FY27 to FY31.
Mr. Yogesh Garg appointed as Vice President – HR, joining the Senior Management team.
Confirmed no material deviations in the utilization of proceeds from previously issued non-convertible securities.
👀 What to Watch
Investors should monitor the successful placement of the ₹400 crore NCDs as it will provide the necessary liquidity for loan book growth. The clean audit report and management additions are positive indicators of corporate stability.
Laxmi India Finance Reports 27% AUM Growth and Credit Rating Upgrade for FY26
Laxmi India Finance Limited delivered a robust performance for the financial year ended March 31, 2026, with Assets Under Management (AUM) growing 27.34% YoY to Rs 1,626.26 crore. The company successfully expanded its geographic footprint into Maharashtra, increasing its total branch network to 176. A key financial highlight is the reduction in cost of funds to 10.80% from 11.48%, supported by diversified credit lines. Furthermore, the company's credit rating was upgraded to 'ACUITE A (Stable)', reflecting a strengthening credit profile and improved financial stability.
Key Highlights
Assets Under Management (AUM) increased by 27.34% YoY to Rs 1,626.26 crore.
Cost of funds improved significantly to 10.80% from 11.48% in the previous year.
Credit rating upgraded by Acuite Ratings to 'ACUITE A (Stable)' from 'ACUITE A- (Positive)'.
Customer base grew by 20.35% YoY to 42,809 with branch network expanding to 176 units.
Annual disbursements rose by 14.32% to reach Rs 821.43 crore in FY26.
👀 What to Watch
Investors should take note of the improving cost of funds and the credit rating upgrade, which suggest better future margins and lower risk. The steady AUM growth and geographic expansion indicate a healthy scaling trajectory; however, keep an eye on asset quality in the upcoming full financial results.
Laxmi India Finance Credit Rating Upgraded to 'A/Stable' by Acuite
Acuite Ratings & Research Limited has upgraded the credit rating of Laxmi India Finance Limited from 'A-/Positive' to 'A/Stable' for its bank loans and Non-Convertible Debentures (NCDs). The upgrade covers existing NCD instruments totaling Rs. 65 Crores and assigns a new rating to proposed NCDs worth Rs. 15 Crores. This notch upgrade signifies an improved credit profile and enhanced financial stability for the company. Such upgrades typically allow NBFCs to access capital markets and bank funding at more competitive interest rates.
Key Highlights
Credit rating upgraded from Acuite A-/Positive to Acuite A/Stable for Bank Loans and NCDs.
Upgrade applies to specific NCD tranches of Rs. 40.00 Crores and Rs. 25.00 Crores.
Proposed Non-Convertible Debentures worth Rs. 15.00 Crores assigned a new rating of Acuite A/Stable.
The outlook has been revised from 'Positive' to 'Stable' following the rating upgrade.
Total rated quantum across the mentioned instruments stands at Rs. 80.00 Crores.
👀 What to Watch
The rating upgrade is a positive development that should lower the company's cost of funds and improve profitability margins. Investors should monitor if this leads to more aggressive expansion or improved net interest margins in upcoming quarters.
Laxmi India Finance Receives 'ACUITE A-' Rating with Positive Outlook for Rs 1,576 Cr Facilities
Acuité Ratings & Research has reaffirmed the credit rating of 'ACUITE A-' for Laxmi India Finance Limited's existing bank loans and Non-Convertible Debentures. Furthermore, the agency assigned the same rating to new bank loans worth Rs 450 crore, bringing the total rated bank facilities to Rs 1,576.86 crore. Crucially, the 'Positive' outlook has been maintained, suggesting a potential for a rating upgrade in the medium term. This rating covers a diversified lender base including major PSU banks, private banks, and small finance banks.
Key Highlights
Acuité reaffirmed 'ACUITE A-' rating for bank loans worth Rs 1,126.86 crore
Assigned a new 'ACUITE A-' rating for additional bank loans worth Rs 450 crore
Maintained a 'Positive' outlook for all rated instruments including NCDs
Total bank loan facilities covered under this rating action amount to Rs 1,576.86 crore
The rating involves a wide consortium of lenders including SBI, Bank of Baroda, and Canara Bank
👀 What to Watch
The 'Positive' outlook is a significant indicator of improving credit strength, which may lead to lower borrowing costs for the company. Investors should view this as a sign of financial stability and potential for future rating upgrades.
Laxmi India Finance Allots ₹50 Crore Secured NCDs at 10.50% Coupon
Laxmi India Finance Limited has successfully allotted 50,000 senior secured Non-Convertible Debentures (NCDs) to raise ₹50 crores via private placement. The NCDs carry a coupon rate of 10.50% per annum, with interest payable on a monthly basis over a 36-month tenure. This capital infusion is intended to support the company's lending operations and liquidity. The instruments are secured by a first and exclusive charge on identified receivables and will be listed on the BSE Wholesale Debt segment.
Key Highlights
Total fundraise of ₹50 crores through the allotment of 50,000 NCDs at ₹10,000 face value each
Fixed coupon rate of 10.50% per annum with a monthly interest payment schedule
Tenure of 36 months with a final maturity date set for February 24, 2029
NCDs are senior and secured by hypothecation of identified receivables
Default clause includes a penalty interest of 2% per annum above the coupon rate
👀 What to Watch
Investors should track how effectively the company deploys this capital to grow its loan book while maintaining healthy net interest margins. The 10.5% borrowing cost serves as a benchmark for the company's current credit profile and market positioning.
Laxmi India Finance Reports ₹1,451 Cr AUM and Targets 30% Growth in Investor Session
Laxmi India Finance Limited (LAXMIINDIA) shared its Q3 FY26 performance and strategic outlook during a recent investor interaction. The company reported an AUM of ₹1,451 crore and a 9-month PAT of ₹29 crore, achieving an RoA of 2.53%. Management is focused on secured MSME lending, which makes up over 83% of the portfolio, and aims for a 30% AUM growth rate. The company plans to improve its RoA to 3.5%-3.75% by optimizing leverage and maintaining its tech-enabled high-touch assessment model.
Key Highlights
AUM grew to ₹1,451 crore with a 9-month PAT of ₹29 crore and RoNW of 11% as of December 2025.
Secured MSME/SME loans constitute 83-84% of the portfolio with a conservative 42% average LTV.
Asset quality remains stable with Gross NPA at 2.4% and Net NPA at 1.4%.
Management targets 30% AUM growth and an improved RoA target of 3.5% to 3.75%.
Operational footprint includes 170 branches primarily across Rajasthan, Gujarat, and Madhya Pradesh.
👀 What to Watch
Investors should monitor the company's ability to scale its MSME book while maintaining asset quality in the NIP segment. The target RoA expansion suggests potential for significant bottom-line growth if leverage is optimized.
Laxmi India Finance Q3 FY26: PAT Grows 36% to ₹29.1 Cr; AUM Hits ₹1,451 Cr
Laxmi India Finance reported a robust 36.01% YoY growth in Profit After Tax (PAT) to ₹29.10 Cr for 9M FY26, despite accounting for ₹2.55 Cr in IPO expenses. Assets Under Management (AUM) expanded by 21.11% YoY to ₹1,451.10 Cr, supported by a network of 170 branches. Net Interest Margins (NIM) showed significant improvement, rising to 10.82% from 9.53% a year ago. However, asset quality deteriorated with Gross NPA rising to 2.40% from 0.97% YoY, primarily due to financial stress encountered by a Direct Assignment (DA) partner.
Key Highlights
9M FY26 Net Interest Income (NII) surged 43.51% YoY to ₹109.67 Cr.
AUM reached ₹1,451.10 Cr with a customer base of 40,837 across 5 states.
Net Interest Margin (NIM) expanded to 10.82% while Cost of Borrowing decreased to 10.94%.
Gross NPA increased to 2.40% and Net NPA to 1.24% due to DA partner-related stress.
Capital Adequacy Ratio (CRAR) remains strong at 28.40% with a Net Worth of ₹445.17 Cr.
👀 What to Watch
Investors should weigh the strong operational growth and NIM expansion against the sudden spike in NPAs caused by the DA partner issue. Monitor the management's ability to resolve this specific asset quality stress and maintain credit costs in future quarters.
Laxmi India Finance to Raise ₹50 Crore via Private Placement of Secured NCDs
Laxmi India Finance Limited has approved the issuance of 50,000 listed, rated, senior, secured, and redeemable Non-Convertible Debentures (NCDs). The NCDs have a face value of ₹10,000 each, aggregating to a total issue size of ₹50 crore. These instruments will be issued on a private placement basis and are proposed to be listed on the Wholesale Debt segment of the BSE. The issuance is secured by a first and exclusive charge on identified receivables of the company.
Key Highlights
Issuance of 50,000 NCDs with a face value of ₹10,000 each.
Total fundraising amount aggregates up to ₹50,00,00,000 (₹50 Crores).
NCDs are senior, secured, and will be listed on the BSE Wholesale Debt segment.
The debt is secured by a first and exclusive charge on identified receivables via hypothecation.
The issuance was approved by the Business Operation Committee on February 12, 2026.
👀 What to Watch
Investors should view this as a positive step for the NBFC to secure capital for its lending operations. Monitor the company's future interest coverage ratio and loan book growth following this infusion.
Laxmi India Finance Q3 FY26: PAT Grows 36% to ₹29.1 Cr, AUM Reaches ₹1,451 Cr
Laxmi India Finance Limited reported a robust performance for 9M FY26, with Profit After Tax (PAT) rising 36% YoY to ₹29.10 crore. Net Interest Income (NII) saw a significant jump of 43.5% to ₹109.67 crore, driven by a 21% growth in Assets Under Management (AUM) to ₹1,451.10 crore. The company's capital position has strengthened remarkably, with Net Worth increasing 83% to ₹445.17 crore and CRAR improving to 28.40%. Asset quality remains stable with a Gross NPA of 2.40% and Net NPA of 1.24%.
Key Highlights
9M FY26 PAT increased by 36.01% YoY to ₹29.10 crore; NII grew by 43.51% to ₹109.67 crore.
Assets Under Management (AUM) grew 21.11% YoY to ₹1,451.10 crore with a branch network of 170.
Net Interest Margin (NIM) expanded to 10.82% compared to 9.53% in 9M FY25.
Average Cost of Borrowing (COB) decreased to 10.94% from 11.58% in the previous year.
Capital Adequacy Ratio (CRAR) stands strong at 28.40% with a significantly improved Debt-Equity ratio of 2.69.
👀 What to Watch
Investors should monitor the company's ability to maintain its NIM expansion and asset quality as it scales its branch network. The significant capital buffer and declining cost of borrowing provide a strong foundation for sustained growth.
