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LAXMIINDIA - Laxmi India Fin.

📊 NSE: LAXMIINDIA 🏢 Non Banking Financial Company (NBFC) 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Laxmi India Finance Receives 'ACUITE A-' Rating with Positive Outlook for Rs 1,576 Cr Facilities

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 10 Mar 2026, 06:04 PM

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.

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

💡 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 Reports ₹1,451 Cr AUM and Targets 30% Growth in Investor Session

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 23 Feb 2026, 06:30 PM

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.

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.

💡 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 Releases Recording of Investor Knowledge Session

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Feb 2026, 06:36 AM

Laxmi India Finance Limited conducted a virtual interaction for investors and analysts on February 17, 2026, at 4:30 P.M. IST. The session was organized by Go India Advisors and focused on the company's business operations, performance, and future outlook. Management confirmed that only publicly available information was discussed, ensuring no unpublished price-sensitive information was disclosed. The company has provided a public link to the audio/video recording for transparency and record-keeping.

Virtual interaction held on February 17, 2026, organized by Go India Advisors
Management discussed business operations and outlook based on public data
No unpublished price-sensitive information (UPSI) was shared during the meet
Public link to the recording provided: https://lifc.co.in/wp-content/uploads/2026/02/recording.mp4

💡 Investors should review the provided recording to gain deeper insights into management's commentary on business strategy and operational outlook. No immediate portfolio changes are necessary as no new material information was disclosed.

Laxmi India Finance Q3 FY26: PAT Grows 36% to ₹29.1 Cr; AUM Hits ₹1,451 Cr

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 17 Feb 2026, 09:36 AM

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.

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.

💡 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 Host Virtual Investor Knowledge Session on Feb 17, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Feb 2026, 05:51 PM

Laxmi India Finance Limited has scheduled a virtual interaction for investors and analysts on February 17, 2026, at 4:30 P.M. IST. The session is organized by Go India Advisors and is intended as a knowledge-sharing platform for the investment community. The company has explicitly stated that the discussion will be based on publicly available documents and no unpublished price-sensitive information (UPSI) will be disclosed. This meeting is a routine compliance disclosure under Regulation 30 of the SEBI Listing Regulations.

Virtual Investor Knowledge Session scheduled for February 17, 2026, at 4:30 P.M. IST
Interaction organized by Go India Advisors via Zoom platform
Company will refer only to publicly available documents during the session
No unpublished price-sensitive information (UPSI) is intended to be discussed
Disclosure made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

💡 Investors should consider attending the session to gain qualitative insights into the company's operations and management's perspective. No immediate portfolio changes are necessary as the meeting will not disclose new price-sensitive data.

Laxmi India Finance to Raise ₹50 Crore via Private Placement of Secured NCDs

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 12 Feb 2026, 02:11 PM

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.

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.

💡 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

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 09:37 AM

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%.

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.

💡 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.

Laxmi India Q3 PAT Surges 64% YoY to ₹10.04 Cr; AUM Up 21% Amid One-Time Asset Stress

🔵 WATCH ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 10:26 PM

Laxmi India Finance reported a robust 64.32% YoY increase in Q3 PAT to ₹10.04 crore, supported by a 21.11% growth in AUM to ₹1,451.10 crore. Operational efficiency improved as the cost of borrowing fell to 10.94% while yields rose to 21.76%. However, asset quality was temporarily hit by a default in a Direct Assignment (DA) loan pool, raising GNPA to 2.40% from a normalized 0.94%. The company's capital position remains strong with a CRAR of 28.40%, providing significant growth headroom.

Q3 PAT grew 64.32% YoY to ₹10.04 crore; 9M PAT rose 36.04% to ₹29.10 crore
AUM increased 21.11% YoY to ₹1,451.10 crore with Own Book expanding 23.68%
GNPA rose to 2.40% due to DA pool stress; normalized GNPA without this event would be 0.94%
Capital Adequacy Ratio (CRAR) improved significantly to 28.40% from 20.76% YoY
Average Cost of Borrowings declined to 10.94% from 11.58% YoY, improving spreads

💡 Investors should monitor the resolution of the stressed DA loan pool to ensure it remains an isolated event. The underlying business shows strong growth and margin expansion, making the stock a watch for long-term performance.

Laxmi India Finance Q3 PAT Jumps 63.6% YoY to ₹10.06 Cr; Appoints New CTO

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 09:51 PM

Laxmi India Finance Limited reported a robust performance for the quarter ended December 31, 2025, with Profit After Tax (PAT) surging 63.6% year-on-year to ₹10.06 crore. Total income for the quarter rose to ₹79.82 crore, up from ₹61.74 crore in the corresponding period last year, driven by strong interest income. The company also strengthened its leadership by appointing Mr. Vinod Maheshwari as the Chief Technology Officer. This growth follows the company's successful IPO in August 2025, indicating positive momentum in its lending business.

Net Profit for Q3 FY26 increased to ₹10.06 crore compared to ₹6.15 crore in Q3 FY25.
Total Revenue from Operations grew 28.8% YoY to ₹78.83 crore from ₹61.19 crore.
Profit Before Tax (PBT) for the quarter stood at ₹13.43 crore, up from ₹7.99 crore YoY.
Nine-month PAT for FY26 reached ₹29.24 crore, a significant rise from ₹21.43 crore in the previous year.
Appointment of Mr. Vinod Maheshwari (formerly VP-IT) as the Chief Technology Officer (CTO).

💡 Investors should view these results positively as the company shows strong scalability and profit growth post-listing. Monitor the sustainability of interest margins and any impact of the new CTO's digital initiatives on operational efficiency.

Laxmi India Finance Reports Zero Deviation in Utilization of ₹165.17 Cr IPO Proceeds

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 10 Feb 2026, 09:46 PM

Laxmi India Finance Limited has submitted its statement of deviation for the quarter ended December 31, 2025, regarding its recent Initial Public Offering. The company successfully raised ₹165.17 Crores through the IPO with allotment completed on August 1, 2025. The filing confirms that there has been no deviation or variation in the utilization of these proceeds from the objects stated in the prospectus. This report has been reviewed by the Audit Committee and is monitored by CARE Ratings Limited.

Total funds raised through the Public Issue (IPO) amounted to ₹165.17 Crores.
Confirmed zero deviation or variation in the utilization of funds for the quarter ended Dec 31, 2025.
The equity shares were listed on BSE and NSE effective August 05, 2025.
CARE Ratings Limited is the appointed monitoring agency for the issue proceeds.
The statement was filed in compliance with Regulation 32(1) of SEBI LODR Regulations.

💡 No action is required as the company is adhering to its stated objectives for capital utilization. Investors should monitor future earnings to see how this deployed capital translates into business growth.

Laxmi India Finance Q3 Net Profit Surges 63.6% YoY to ₹10.06 Cr; Appoints New CTO

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 09:41 PM

Laxmi India Finance Limited reported a robust 63.6% year-on-year growth in net profit to ₹10.06 crore for the quarter ended December 31, 2025. Total income for the quarter rose to ₹79.82 crore, up from ₹61.74 crore in the previous year's corresponding quarter. For the nine-month period, the company achieved a net profit of ₹29.24 crore on a total income of ₹226.13 crore. The company also strengthened its leadership by appointing Vinod Maheshwari as the Chief Technology Officer.

Net Profit for Q3 FY26 increased to ₹1,006.22 lakhs compared to ₹615.10 lakhs in Q3 FY25.
Total Revenue from Operations grew 28.8% YoY to ₹7,883.23 lakhs in the December quarter.
9M FY26 Net Profit reached ₹2,924.13 lakhs, a 36.4% increase over the previous year's nine-month period.
Impairment on financial instruments rose significantly to ₹718.43 lakhs in Q3 FY26 from ₹313.06 lakhs in Q3 FY25.
The company is now categorized under the 'Middle Layer' NBFC framework by the Reserve Bank of India.

💡 The strong bottom-line growth and revenue expansion post-IPO are positive signals; however, investors should monitor the rising impairment costs. The stock remains a growth play in the NBFC sector with improving management depth.

Laxmi India Finance Announces Trading Window Closure from February 09, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Feb 2026, 07:34 PM

Laxmi India Finance Limited has informed the stock exchanges regarding the closure of its trading window for designated persons starting February 09, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed until 48 hours after the conclusion of the upcoming Business Operations Committee meeting. This is a standard regulatory procedure to prevent insider trading ahead of committee deliberations.

Trading window for designated persons closed effective February 09, 2026.
Closure will last until 48 hours after the Business Operations Committee meeting concludes.
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Restriction applies to all designated persons and their immediate relatives.

💡 This is a routine regulatory announcement with no direct impact on the company's fundamentals; investors should wait for the outcomes of the committee meeting.

Laxmi India Finance NCD Rating Reaffirmed at 'ACUITE A-' with Positive Outlook

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 05 Feb 2026, 06:51 PM

Acuité Ratings & Research Limited has reaffirmed the credit rating for Laxmi India Finance Limited's Non-Convertible Debentures (NCDs) at 'ACUITE A-'. Significantly, the agency has maintained a 'Positive' outlook, which suggests a potential for a rating upgrade in the near future. The reaffirmation covers multiple tranches of existing and proposed debt instruments totaling Rs. 80 crore. This stability in credit standing reflects the company's consistent financial profile and its ability to service debt obligations.

Credit rating for Non-Convertible Debentures reaffirmed at 'ACUITE A-'
Rating outlook maintained as 'Positive', indicating potential for future upgrades
Total rated debt instruments aggregate to Rs. 80 crore across existing and proposed NCDs
Specific tranches include Rs. 25 crore, Rs. 15 crore, and a proposed Rs. 40 crore issuance
Rating verification was successfully completed and verified on February 4, 2026

💡 The 'Positive' outlook is a constructive signal regarding the company's credit health; investors should monitor if this leads to a formal rating upgrade which could reduce borrowing costs. No immediate action is required, but the reaffirmation supports the company's credibility in the debt market.

Laxmi India Finance Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 05:28 PM

Laxmi India Finance Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended December 31, 2025. The company's Registrar and Transfer Agent, MUFG Intime India Private Limited, confirmed that all equity shares and non-convertible debentures are maintained in dematerialized form. The report indicates that no requests for dematerialization were received from any depositories during the quarter. This filing is a standard procedural requirement to ensure the integrity of the company's shareholding records.

Compliance certificate issued for the quarter ended December 31, 2025.
Registrar MUFG Intime India confirms 100% of securities are in dematerialized form.
Zero requests for dematerialization or corporate actions received during the quarter.
Specific confirmation provided for ISIN INEO6WU07064 regarding no new security issuances.

💡 No action is required from investors as this is a routine regulatory filing confirming standard operational compliance.

Laxmi India Finance Reports 100% Compliance in SDD for Q3 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 05 Jan 2026, 05:01 PM

Laxmi India Finance Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended December 31, 2025. The company confirmed that it maintained a non-tamperable internal database to track Unpublished Price Sensitive Information (UPSI) as per SEBI regulations. During the quarter, the company identified 2 specific events requiring entry into the SDD and successfully captured both. No instances of non-compliance were reported, indicating robust internal controls regarding insider trading regulations.

Successfully captured 2 out of 2 required UPSI events during the quarter ended December 31, 2025
Maintained a non-tamperable internal database with an audit trail for 8 years
Confirmed 100% compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Reported zero non-compliances and no remedial actions required for the period

💡 No immediate action is required as this is a routine regulatory filing. It serves as a positive indicator of the company's commitment to corporate governance and insider trading norms.

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💰 Financial Performance

Revenue Growth by Segment

AUM grew 24.75% YoY to INR 1,386.49 Cr. MSME segment remains the primary driver, targeted to represent 80-85% of the portfolio, while Vehicle Loans contribute approximately 15%. Adjusted PAT (excluding non-recurring IPO expenses of INR 2.66 Cr) grew 42% YoY to INR 21.72 Cr.

Geographic Revenue Split

The company operates 164 branches across 5 states. Expansion into Uttar Pradesh is showing positive results with 6 branches currently operational and no bouncing in collections reported.

Profitability Margins

Yield improved by 50 bps YoY to 22.18%. Spread increased by 133 bps YoY to 10.88%. Return on Assets (ROA) stood at 2.56% (Adjusted: 2.74%) and Return on Equity (ROE) at 11% (Adjusted: 11.77%).

EBITDA Margin

Not standard for NBFC; however, the company maintains a healthy spread of 10.88% and a low credit cost of 0.72% of AUM. Opex cost stood at 7.17% on an AUM basis due to upfront branch expansion costs.

Capital Expenditure

Capital expenditure for branch setup ranges from INR 1.5 lakhs to INR 2.5 lakhs per branch depending on the tier (Tier 1: 500-600 sq ft, Tier 2: 300-400 sq ft, Tier 3: 250-400 sq ft).

Credit Rating & Borrowing

Credit rating has improved to the 'A' category. Cost of borrowing reduced by 63 bps YoY to 11.10%.

⚙️ Operational Drivers

Raw Materials

Debt Capital/Bank Borrowings (primary input for lending operations)

Key Suppliers

Bank of Baroda, South Indian Bank, Karur Vysya Bank (newly onboarded lenders), along with existing PSU banks, private banks, and small finance banks.

Capacity Expansion

Current network of 164 branches. Planned addition of 29 branches in FY26 (6 already added in H1). Planning to enter one additional state by the end of the financial year.

Raw Material Costs

Borrowing cost is 11.10% of total debt. The company aims to further reduce this by onboarding more PSU banks and leveraging its improved 'A' credit rating.

Manufacturing Efficiency

Branch-level breakeven is achieved in 7-8 months with an AUM of approximately INR 1.5 Cr. Full breakeven (including HO costs) is achieved within 1.5 years.

📈 Strategic Growth

Expected Growth Rate

35-40%

Growth Strategy

Growth will be achieved through aggressive branch expansion (29 new branches planned), entering new states, and maintaining a 30-35% historical CAGR. The company is shifting focus from high-risk heavy commercial vehicles to LCVs, private vehicles, and multi-rooted vehicles while keeping MSME as the core product (80-85% mix).

Products & Services

MSME Loans (average ticket size INR 7-8 lakhs), Used Vehicle Loans (LCV, private, and multi-rooted vehicles).

Brand Portfolio

Laxmi India Finance Limited

New Products/Services

Focusing on multi-rooted and private vehicle loans as a shift from heavy commercial vehicles.

Market Expansion

Expanding footprint in Uttar Pradesh and planning entry into one more state by FY26 end.

Strategic Alliances

Lending partnerships with Bank of Baroda, South Indian Bank, and Karur Vysya Bank.

🌍 External Factors

Industry Trends

The NBFC sector is seeing a slowdown in heavy commercial vehicles but growth in rural MSME and LCV segments. Laxmi India is positioning itself in rural/semi-rural areas to capture this growth.

Competitive Landscape

Peers include HDFC and Five Star Business Finance (mentioned in context of ticket size and security).

Competitive Moat

Moat built on deep rural/semi-rural presence and disciplined underwriting (GNPA 1.59%). Sustainability is supported by a high Capital Adequacy Ratio of 31.90% post-IPO.

Macro Economic Sensitivity

Highly sensitive to rural economy and agriculture production. GST regime changes have boosted the purchasing capacity of small customers.

Consumer Behavior

Improved repayment behavior noted due to enhanced liquidity and positive sentiments following the festival season.

⚖️ Regulatory & Governance

Industry Regulations

Compliant with SEBI (LODR) Regulations 2015 and SEBI (Depositories and Participants) Regulations 2018.

Legal Contingencies

No specific pending court cases or values disclosed; company confirms no dematerialization requests were pending for the quarter ended December 31, 2025.