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Latest filing: 2026-09-24 16:58
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12 announcements match the current filters (relevance ≥ 5).
Usha Financial Services to Issue Rs 10 Cr 12% Secured NCDs on Private Placement
Usha Financial Services Limited has approved the issuance of up to 1,000 Secured, Redeemable, Non-Convertible Debentures (Series 'R') with a face value of Rs 1,00,000 each, raising up to Rs 10 Crore via private placement. The NCDs carry a fixed coupon of 12.00% per annum payable monthly and have a tenure of 4 years. The issue is unlisted and secured by a first exclusive charge on identified receivables via hypothecation. The Rs 10 Crore fundraise represents ~13.5% of the company's TTM revenue of Rs 74 Crore and ~4.4% of its Net Worth of Rs 229 Crore.
Confidence: HIGH
What changedThe company has approved a private placement of Rs 10 Crore in 12% unlisted secured 4-year NCDs.
Why it mattersProvides Rs 10 Crore in medium-term liquidity to support lending activities, though at a relatively high borrowing cost of 12.00% p.a.
Issue Size: INR 10 CroresCoupon Rate: 12.00% per annumTenure: 04 yearsIssue Size vs TTM Revenue: ~13.5%Issue Size vs Net Worth: ~4.4%
📅 Short termRoutine debt capital raising for an NBFC; negligible immediate impact on stock price or daily trading.
📈 Long termSupports AUM growth across MSME/retail segments, but debt serviceability will depend on maintaining yields above the 12.00% borrowing rate amid rising credit costs.
⚠ Risk flags
- High cost of borrowing at 12.00% fixed rate
- Instrument is unlisted, offering no secondary market liquidity
- Underlying asset quality pressure with company GNPA at 6.39% in 1HFY26
Key Highlights
Issue of up to 1,000 Secured, Redeemable Non-Convertible Debentures (Series 'R') aggregating to Rs 10 Crore
Fixed coupon rate of 12.00% per annum with monthly interest payouts
Instrument tenure is 4 years, to be redeemed at par
Securities will be unlisted and secured against identified receivables via hypothecation
👀 What to Watch
Track the deployment of funds into loan book expansion and monitor whether the 12.00% cost of debt impacts overall net interest margins.
Usha Financial Services Approves Allotment of 13.15% Senior Secured NCDs Maturing Mar 2028
Usha Financial Services Limited announced that its Board of Directors approved the allotment of 13.15% unlisted, rated, senior, secured, transferable, redeemable non-convertible debentures (NCDs) via private placement on September 21, 2026. The NCD series is designated as '13.15% USFLMar2028', indicating a maturity in March 2028. The total quantum of funds raised was not disclosed in the filing. This high coupon rate of 13.15% reflects the prevailing borrowing costs for the NBFC's targeted lending expansion.
Confidence: MEDIUM
What changedThe company has issued a fresh series of 13.15% secured non-convertible debentures maturing in March 2028.
Why it mattersProvides debt liquidity to support lending disbursements, although the relatively high 13.15% coupon underscores high funding costs.
Coupon rate: 13.15%Maturity: March 2028Total fundraise quantum: not disclosed
📅 Short termNeutral impact expected as debt issuance is routine for an NBFC, though details on the amount raised remain absent.
📈 Long termCrucial for sustaining AUM growth, but managing spreads will be critical given the steep 13.15% coupon rate against GNPA of 6.39% reported in 1HFY26.
⚠ Risk flags
- High cost of debt (13.15% coupon rate)
- Issue amount not disclosed in the disclosure
Key Highlights
Approved allotment of senior, secured, rated, unlisted redeemable NCDs on private placement basis on September 21, 2026
Coupon rate fixed at 13.15% per annum under series '13.15% USFLMar2028'
Total issue size and issue proceeds were not disclosed in the announcement
Meeting commenced at 05:00 P.M. and concluded at 05:30 P.M.
👀 What to Watch
Track subsequent quarterly filings to verify the exact fundraise quantum and monitor net interest margins to assess if asset yields sufficiently cover the 13.15% borrowing cost.
Usha Financial Board Approves Issuance of 13.15% Secured NCDs via Private Placement
The Board of Directors of Usha Financial Services Limited has approved the issuance of 13.15% unlisted, rated, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size and tenure were not disclosed in the filing. Additionally, the appointment of a Debenture Trustee was approved to oversee the debt issuance. The high coupon rate of 13.15% reflects the current cost of borrowing for the NBFC, which carries a net worth of ₹229 Cr and TTM revenue of ₹74 Cr.
Confidence: MEDIUM
What changedUsha Financial Services has authorized a new private placement debt round via 13.15% secured NCDs and appointed a Debenture Trustee.
Why it mattersProvides fresh debt capital to fund loan disbursements and AUM growth, though the 13.15% coupon rate indicates relatively high borrowing costs that could pressure net interest margins.
NCD Coupon Rate: 13.15%Total Issue Size: not disclosedTTM Revenue: ₹74 CrNet Worth: ₹229 Cr
📅 Short termNeutral near-term reaction expected until quantum of the fundraising is disclosed.
📈 Long termFacilitates ongoing credit growth and lending diversification away from wholesale exposure, provided lending yields sufficiently exceed the 13.15% debt cost.
⚠ Risk flags
- Relatively high borrowing cost of 13.15% creates margin pressure
- Issue quantum and tenure not disclosed in the filing
Key Highlights
Approved issuance of Unlisted, Rated, Senior, Secured, Transferable, Redeemable NCDs
Coupon rate fixed at 13.15%
Total issue amount and tenure not disclosed
Approved the appointment of a Debenture Trustee
👀 What to Watch
Track subsequent regulatory filings to ascertain the total capital raised and the tenure of the NCDs to evaluate the impact on interest expense and margins.
Usha Financial Withdraws 13.15% NCD Issue Due to Non-Receipt of Subscription Monies
Usha Financial Services has announced the withdrawal and closure of its planned private placement of 13.15% unlisted, rated, senior, secured, redeemable non-convertible debentures (NCDs). The decision was approved by the Board of Directors on September 16, 2026, due to non-receipt of subscription monies. The total planned issue size was not disclosed in the filing. This withdrawal reflects potential fundraising headwinds or investor hesitation despite an attractive coupon rate of 13.15%.
Confidence: HIGH
What changedThe company has formally scrapped its proposed private placement of 13.15% senior secured NCDs because expected investor subscription funds were not received.
Why it mattersInability to close debt financing, even at a high 13.15% coupon, points to tight liquidity conditions or risk aversion among debt investors, potentially constraining loan book expansion.
NCD Coupon Rate: 13.15%Issue Size: not disclosedTTM Revenue: Rs 74 Cr
📅 Short termMay weigh negatively on market sentiment as debt market participants opted not to participate despite the double-digit yield.
📈 Long termStructural expansion depends on external borrowing; repeated hurdles in debt funding could curtail wholesale-to-retail transition and overall AUM growth.
⚠ Risk flags
- Funding liquidity risk due to inability to secure planned private debt subscriptions
- High cost of capital implied by the 13.15% coupon rate
Key Highlights
Board approved the withdrawal and closure of unlisted NCD issuance on September 16, 2026
Proposed instrument carried a coupon rate of 13.15%
Withdrawal was triggered specifically due to non-receipt of subscription monies
Target issue size was not disclosed in the filing
👀 What to Watch
Monitor alternative borrowing channels and quarterly disbursement volumes to assess whether this failed debt raise affects asset growth and liquidity.
Usha Financial Approves 13.15% NCD Issue on Private Placement and Redeems 12% Series K NCDs
Usha Financial Services Limited announced the outcome of its board meeting held on September 15, 2026. The board approved the issuance of 13.15% Unlisted, Rated, Senior, Secured, Transferable, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Concurrently, it approved the redemption of its existing 12% Secured, Redeemable NCDs ('Series K') and the appointment of a Debenture Trustee. The total issue size and redemption amount were not disclosed in the filing.
Confidence: MEDIUM
What changedThe company has authorized raising fresh debt via 13.15% secured NCDs while redeeming earlier 12% Series K NCDs.
Why it mattersThe refinancing involves a higher coupon rate (13.15% vs 12%), which may slightly increase finance costs depending on the principal amount raised relative to its Rs 74 Cr TTM revenue base.
New NCD Coupon Rate: 13.15%Redeemed NCD Coupon Rate: 12%Issue quantum: not disclosedRedemption quantum: not disclosed
📅 Short termNeutral reaction expected as the issuance and redemption amounts are not quantified in the disclosure.
📈 Long termReflects ongoing liability management as the NBFC refinances debt; higher coupon highlights prevailing liquidity costs in its segment.
⚠ Risk flags
- Refinancing at a higher interest rate (13.15% vs 12%) may pressure net interest margins
- Key quantum figures not disclosed in the initial filing
Key Highlights
Approved issuance of 13.15% Unlisted, Rated, Senior, Secured, Transferable, Redeemable NCDs on a private placement basis
Approved redemption of 12% Secured, Redeemable NCDs (Series K)
Approved appointment of a Debenture Trustee
Meeting commenced at 04:00 P.M. and concluded at 04:30 P.M. on September 15, 2026
👀 What to Watch
Track subsequent disclosures for the total quantum of debt raised, maturity details, and the net impact of the higher 13.15% coupon rate on company borrowing costs.
Usha Financial Shareholders Approve NCD Issuance Up to ₹200 Cr on Private Placement Basis
Shareholders of Usha Financial Services approved an enabling resolution at their 30th AGM on September 9, 2026, to issue Non-Convertible Debentures (NCDs) up to ₹200 crore on a private placement basis over a one-year period (September 9, 2026 to September 8, 2027). The proposed borrowing limit is substantial, representing ~87% of the company's net worth of ₹229 crore and 2.7x its TTM revenue of ₹74 crore. The issuance covers up to approximately 20,000 securities across secured, unsecured, perpetual, listed, or unlisted NCDs in one or more tranches. Specific coupon rates, tenures, and security details will be determined by the Board and management at the time of each tranche's issuance.
Confidence: HIGH
What changedShareholders formally approved a ₹200 crore NCD borrowing limit via private placement for the next 12 months.
Why it mattersEnables the NBFC to access substantial debt capital (representing ~87% of net worth) to support loan book expansion, especially as it diversifies toward MSME and green financing.
Issue Size: Upto Rs. 200 croresIssue size vs Net Worth: ~87.3%Issue size vs TTM Revenue: ~270%Number of securities: Upto 20,000 approxValidity period: September 09, 2026 to September 08, 2027
📅 Short termThis is an enabling shareholder approval; short-term impact will depend on specific tranche announcements detailing coupon pricing and investor commitments.
📈 Long termIf successfully tapped at reasonable interest rates, the ₹200 crore debt room could significantly expand the lending book from the current ~₹395-410 crore level.
⚠ Risk flags
- Increased leverage could elevate finance costs if market borrowing rates are high
- Dependency on wholesale credit markets to find willing subscribers on favorable terms
Key Highlights
Shareholders approved NCD fundraise of up to ₹200 crore via private placement
Approval valid for one year from September 9, 2026 to September 8, 2027
Total proposed securities to be issued is up to approximately 20,000 units
Resolution approved at the 30th AGM with voting results finalized on September 11, 2026
Instruments may be secured, unsecured, perpetual, listed, or unlisted in one or more tranches
👀 What to Watch
Track subsequent board disclosures detailing individual tranche issuances, including borrowing costs (coupon rates), tenure, and whether the funds are successfully deployed to expand the loan book.
Usha Financial Shareholders Approve ₹200 Cr NCD Borrowing and Material RPTs at 30th AGM
Usha Financial Services Limited announced that shareholders approved all resolutions at its 30th AGM held on September 09, 2026, with 100% of votes cast in favour. Crucially, members passed a special resolution enabling the issuance of Non-Convertible Debentures (NCDs) up to ₹200 Cr, representing roughly 270% of TTM revenue (₹74 Cr) and 87% of net worth (₹229 Cr). Additionally, approvals were secured for material related-party transactions with Nupur Nature Resorts Pvt Ltd for FY26-27 and remuneration hikes for CMD Rajesh Gupta and CEO Geeta Goswami.
Confidence: HIGH
What changedShareholders formally approved enabling limits for a ₹200 Cr debt raise through NCDs, key related-party transactions, and leadership remuneration increases.
Why it mattersEnabling ₹200 Cr of NCD debt capacity gives UFSL critical headroom to fund AUM growth and diversify funding away from wholesale bank credit, though material RPTs warrant scrutiny.
Approved NCD Issuance Limit: Rs. 200,00,00,000/-NCD Limit vs TTM Revenue (₹74 Cr): ~270%NCD Limit vs Net Worth (₹229 Cr): ~87%Voting in favour for NCD Resolution: 100%
📅 Short termLimited direct market impact as the AGM approvals and voting results are standard procedural milestones; focus shifts to actual tranche sizes and coupon rates when NCDs are issued.
📈 Long termIf successfully tapped, ₹200 Cr in debt capital will support the company's planned expansion into MSME and Fintech co-lending segments, but leverage ratios will increase.
⚠ Risk flags
- Material related-party transactions with promoter-linked entity Nupur Nature Resorts Private Limited
- Significant potential increase in leverage if the entire ₹200 Cr NCD limit is utilized
Key Highlights
Shareholders approved an enabling resolution to issue Non-Convertible Debentures (NCDs) up to ₹200,00,00,000 (₹200 Cr) with 100% affirmative votes
Material Related Party Transactions approved with Nupur Nature Resorts Private Limited for FY 2026-27
Remuneration increases approved for Rajesh Gupta (CMD) and Geeta Goswami (CEO & Director)
Appointment of Mr. Sudhanshu Singhal as Independent Director passed with 100% voting support
👀 What to Watch
Track subsequent board approvals or term sheets for actual NCD issuances to see the borrowing costs, tenures, and how the funds are deployed toward expanding the loan book.
Usha Financial Seeks Shareholder Approval for Up to ₹150 Cr Related Party Transactions
Usha Financial Services Limited has issued a notice convening an Extraordinary General Meeting (EGM) on September 26, 2026. The company is seeking shareholder approval for material related party transactions (RPTs) to grant or avail unsecured loans with two entities: up to ₹25.00 Cr with Uninav Developers Pvt Ltd and up to ₹125.00 Cr with Uninav Buildcon Pvt Ltd (including ratification of ₹50.00 Cr already entered into). Relative to the company's TTM revenue of ₹74 Cr and net worth of ₹229 Cr, the aggregate proposed limits of ₹150 Cr represent a substantial exposure.
Confidence: HIGH
What changedUsha Financial Services has called an EGM to approve up to ₹150 Cr in unsecured loan transactions with related entities for FY27.
Why it mattersThe combined transaction limit represents ~65% of net worth (₹229 Cr) and over 200% of TTM revenue (₹74 Cr), making related-party asset/liability quality critical to the NBFC's financial health.
Uninav Buildcon proposed limit: Rs 1,25,00,00,000Uninav Developers proposed limit: Rs 25,00,00,000Ratification amount (Uninav Buildcon): Rs 50,00,00,000Total proposed RPT vs TTM revenue: ~203%EGM date: September 26, 2026
📅 Short termFocus will be on the EGM voting results to see if public minority shareholders clear the substantial RPT limits.
📈 Long termLarge unsecured inter-corporate loan exposure to related parties can pose concentration, credit, and corporate governance risks if not managed strictly at arm's length.
⚠ Risk flags
- High related-party transaction limits relative to net worth (~65%) and revenue (~203%)
- Transactions involve unsecured lending/borrowing
- Retrospective ratification sought for ₹50 Cr already entered into during FY27
Key Highlights
EGM scheduled for September 26, 2026, via Video Conferencing / OAVM
Approval sought for granting/availing unsecured loans with Uninav Developers Pvt Ltd up to ₹25.00 Cr in FY27
Ratification of ₹50.00 Cr and approval up to ₹125.00 Cr for transactions with Uninav Buildcon Pvt Ltd in FY27
Total RPT limits of ₹150.00 Cr exceed 100% of the company's TTM revenue of ₹74 Cr
👀 What to Watch
Track the outcome of the EGM voting on September 26, 2026, where related parties must abstain, and inspect future quarterly filings for related-party balance sheet exposures.
50% YoY PAT Growth in Q1 FY27; Loan Book Crosses ₹409 Crore
Usha Financial Services (UFSL) reported a strong Q1 FY27 with standalone Profit After Tax (PAT) rising 50.3% YoY to ₹8.03 Cr. Total income grew 16.6% YoY to ₹20.32 Cr, representing approximately 28.6% of its TTM revenue. A massive 1,485% surge in the number of loans disbursed (23,566 vs 1,486 YoY) highlights a aggressive shift toward retail and co-lending. The company plans to double its branch network from 20 to 40 by the end of FY27, focusing initially on Uttar Pradesh.
Confidence: HIGH
What changedUsha Financial has reported a significant acceleration in retail loan volumes and profitability for the first quarter of FY27.
Why it mattersThe results validate the company's strategic pivot from a wholesale-heavy model toward high-volume retail and MSME lending, which aims to improve yields and diversify the portfolio.
Q1 PAT vs TTM PAT: ~36.5%Q1 Revenue: ₹20.32 CrLoan Book: ₹409.13 CrDisbursement Volume Growth: 1,485% YoYTarget Branches (FY27): 40
📅 Short termThe stock may see positive sentiment driven by the 50% PAT growth and the substantial jump in loan disbursement volumes.
📈 Long termThe transition to a retail-focused NBFC with a larger branch footprint could structurally improve margins, though it requires disciplined risk management to handle unsecured lending stress.
⚠ Risk flags
- Rapid growth in unsecured retail segments may lead to future asset quality stress
- Geographic concentration risk with immediate expansion focused on Uttar Pradesh
Key Highlights
Standalone PAT increased 50.3% YoY to ₹803.42 Lakhs in Q1 FY27
Loan book expanded 10.4% YoY to reach ₹40,913.45 Lakhs (₹409.13 Cr)
Number of loans disbursed surged 1,485% YoY to 23,566 units
Branch network reached 20 locations with a target to reach 40 by March 2027
Net Worth increased 11.7% YoY to ₹237.72 Cr
👀 What to Watch
Monitor the impact of rapid retail expansion on asset quality (GNPA/NNPA) and track the execution of the branch expansion timeline to 40 locations by FY27 end.
Rs 8.03 Cr PAT in Q1 FY27; Usha Financial Reports 15% Sequential Revenue Growth
Usha Financial Services Limited (USHAFIN) reported a standalone net profit of Rs 8.03 Cr for the quarter ended June 30, 2026, a significant improvement over the Rs 6.55 Cr reported in the March 2026 quarter. Total revenue from operations stood at Rs 20.32 Cr, driven primarily by interest income of Rs 19.61 Cr. The company maintained strong profitability with a Profit Before Tax (PBT) of Rs 10.78 Cr, despite finance costs of Rs 5.46 Cr. Basic EPS for the quarter was recorded at Rs 1.85.
Confidence: HIGH
What changedThe company has released its first-quarter financial results for FY27, showing a sequential increase in both top-line revenue and bottom-line profitability compared to the previous quarter.
Why it mattersThe strong start to FY27 (PAT of Rs 8.03 Cr) suggests the company is on a trajectory to significantly exceed its FY26 performance, provided asset quality remains stable during its transition to retail/MSME segments.
Net Profit (Q1 FY27): Rs 8.03 CrRevenue (Q1 FY27): Rs 20.32 CrQ1 PAT vs FY26 Annual PAT: 35.7%Interest Income: Rs 19.61 CrBasic EPS: Rs 1.85
📅 Short termThe stock may see positive sentiment in the short term as the quarterly profit run-rate is substantially higher than the average quarterly profit of the previous fiscal year.
📈 Long termLong-term growth depends on the successful diversification away from institutional lending concentration (64.75% of AUM) and managing credit costs in the newer unsecured MSME segments.
⚠ Risk flags
- High concentration in institutional/NBFC lending
- Historical trend of rising GNPA (6.39% in 1HFY26)
- Dependency on external borrowing for liquidity
Key Highlights
Net Profit reached Rs 8.03 Cr in Q1 FY27, representing approximately 35.7% of the total FY26 annual profit of Rs 22.47 Cr.
Total Revenue from Operations grew to Rs 20.32 Cr, a 14.8% increase over the Rs 17.69 Cr reported in the March 2026 quarter.
Interest Income remains the primary revenue driver at Rs 19.61 Cr, accounting for 96.5% of total operations.
Finance costs were managed at Rs 5.46 Cr, while the company saw a small impairment reversal of Rs 0.11 Cr.
Paid-up equity share capital stood at Rs 43.48 Cr as of June 30, 2026.
👀 What to Watch
Investors should monitor the company's asset quality trends in upcoming quarters, specifically the GNPA levels which were previously reported at 6.39%. The execution of the strategy to shift from wholesale lending to unsecured MSME and EV financing will be critical for long-term margin sustainability.
50% PAT Growth in Q1 FY27; Revenue Rises to ₹20.26 Cr
Usha Financial Services (USHAFIN) reported a strong start to FY27 with a 50.1% YoY increase in Profit After Tax (PAT) to ₹8.03 Cr. Revenue from operations grew 16.6% YoY to ₹20.26 Cr, primarily driven by interest income. The bottom line was significantly bolstered by a 9.8% reduction in finance costs and a reversal in impairment provisions (₹11.32 lakh) compared to a ₹1.03 Cr charge in the previous year's quarter. This performance represents approximately 35.7% of the total FY26 PAT in just one quarter.
Confidence: HIGH
What changedThe company reported its Q1 FY27 results, showing a significant jump in profitability and a transition to Ind AS reporting standards following its listing requirements.
Why it mattersThe sharp increase in PAT and reduction in finance costs suggest improved operational efficiency and better capital management, which is critical for a small-cap NBFC aiming to scale its AUM.
Revenue (Q1 FY27): ₹20.26 CrPAT (Q1 FY27): ₹8.03 CrYoY PAT Growth: 50.1%Q1 PAT vs TTM PAT: ~35.7%Finance Cost (Q1 FY27): ₹5.46 Cr
📅 Short termThe stock is likely to react positively to the strong earnings growth and improved EPS in the coming weeks.
📈 Long termThe company's ability to maintain these margins while shifting from wholesale to retail/MSME lending will determine its long-term valuation re-rating.
⚠ Risk flags
- High institutional lending concentration (64.75% as of FY25)
- Historical GNPA stress (6.39% in 1HFY26)
- Dependency on external borrowing markets for liquidity
Key Highlights
Net Profit (PAT) surged 50.1% YoY to ₹8.03 Cr from ₹5.35 Cr in Q1 FY26.
Revenue from operations increased 16.6% YoY to ₹20.26 Cr, up from ₹17.38 Cr.
Finance costs decreased to ₹5.46 Cr from ₹6.05 Cr, improving interest margins.
Impairment on financial instruments recorded a reversal of ₹11.32 lakh versus a charge of ₹1.03 Cr in the year-ago period.
Earnings Per Share (EPS) for the quarter improved to ₹1.85 from ₹1.23 YoY.
👀 What to Watch
Investors should monitor if the reversal in impairment provisions is a one-time event or a trend of improving asset quality, and track the company's progress in diversifying into the EV and MSME segments.
50% YoY PAT Growth in Q1 FY27; Board Approves NCD Issuance and Related Party Transactions
Usha Financial Services (USHAFIN) reported a strong Q1 FY27 with Profit After Tax (PAT) rising 50.3% YoY to ₹8.03 Cr, up from ₹5.35 Cr in the year-ago period. Total income grew 16.6% YoY to ₹20.32 Cr, driven by higher interest and fee income. The board has approved a yearly limit for raising funds through Non-Convertible Debentures (NCDs) on a private placement basis to support lending operations. Additionally, a material related party transaction with Nupur Nature Resort Private Limited was approved for FY 2026-27, subject to shareholder approval.
Confidence: HIGH
What changedThe company has transitioned to reporting under Indian Accounting Standards (Ind AS) and reported a significant jump in quarterly profitability alongside securing board approval for debt fundraising.
Why it mattersThe strong profit growth and impairment reversal suggest improved asset quality management in the short term. The NCD approval is critical for the company's stated strategy of expanding into MSME and EV financing segments.
Q1 FY27 PAT: ₹8.03 CrYoY PAT Growth: 50.3%Q1 FY27 Total Income: ₹20.32 CrQ1 vs TTM Revenue: 28.5%Finance Costs (Q1): ₹5.46 CrEPS (Q1): ₹1.85
📅 Short termThe stock may react positively to the strong earnings growth and the reversal of impairment costs, which boosted the bottom line.
📈 Long termLong-term growth depends on the successful deployment of new capital (NCDs) into higher-yield segments like EV and MSME loans while managing the high GNPA levels noted in previous periods.
⚠ Risk flags
- Material Related Party Transaction with Nupur Nature Resort Private Limited
- Dependency on external borrowing (NCDs) for growth
- Historical GNPA stress (6.39% in 1HFY26) despite current quarter impairment reversal
Key Highlights
Net Profit (PAT) increased 50.3% YoY to ₹8.03 Cr in Q1 FY27 compared to ₹5.35 Cr in Q1 FY26.
Total Income grew 16.6% YoY to ₹20.32 Cr, representing approximately 28.6% of the TTM revenue of ₹71.3 Cr.
Impairment on financial instruments saw a reversal of ₹11.32 Lakhs in Q1 FY27, compared to a cost of ₹102.50 Lakhs in Q1 FY26.
Earnings Per Share (EPS) for the quarter improved to ₹1.85 from ₹1.23 YoY.
Board approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis for the year.
👀 What to Watch
Investors should monitor the specific quantum and coupon rates of the upcoming NCD issuance, as this will determine the company's cost of funds and ability to scale AUM. Additionally, the details of the material related party transaction with Nupur Nature Resort should be reviewed in the upcoming AGM notice.
