Dar Credit & Capital Limited reported a 43.9% year-on-year increase in profit after tax to ₹10.13 crore for the financial year ended March 31, 2026, driven by robust operational expansion and disciplined underwriting. The company disclosed the audited financial results for the fourth quarter and full year via an earnings call transcript submitted to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript has been uploaded to the company's official website, and no unpublished price sensitive information was shared during the proceedings.

Financial Performance

For the full year FY26, the company recorded a total income of ₹50.05 crore, a growth of 20.9% compared to ₹41.39 crore in FY25. EBITDA increased by 18.6% to ₹34.69 crore from ₹29.26 crore in the previous year. In the fourth quarter of FY26, total income rose 39.6% to ₹14.23 crore, while EBITDA surged 55.9% to ₹10.18 crore. Profit after tax for Q4FY26 stood at ₹3.07 crore, registering a strong growth of 60.7% against ₹1.99 crore in Q4FY25.

Operational Highlights

Operationally, the company strengthened its presence across 6 states with 35 operational branches, serving over 22,500 active customers. Assets under management (AUM) reached ₹229.55 crore, reflecting a healthy growth of 34.95% on a year-on-year basis. The gross non-performing assets (GNPA) remained healthy at 1.01%, while the capital adequacy ratio was maintained at nearly 40%, significantly above regulatory requirements.

Strategic Outlook

Management outlined priorities for FY27, focusing on expanding geographical footprint within existing states and strengthening the loan portfolio mix. The company aims to grow secured MSME and micro-LAP portfolios, which currently constitute 30% of the book, while maintaining the municipal employee loan segment at 30-35%. Dar Credit plans to add five to seven new branches and targets an AUM of ₹260-275 crore in the coming years. The company is also phasing out its legacy RiseMoney software in favour of an integrated in-house system called Vijay to enhance operational scalability.

Dar Credit & Capital Limited announced its audited standalone financial results for the year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 15, 2026. Subsequently, the company disseminated an investor presentation for the quarter and year ended March 31, 2026, on its website. The statutory auditors, M/s VMSM & Co., issued an independent audit report with an unmodified opinion on the financial statements.

Strong Full-Year Financial Performance

Dar Credit & Capital delivered a robust financial performance for FY26, with total revenue and profitability registering significant year-on-year growth. Revenue from operations for the full year rose to ₹4,989.33 lakhs from ₹4,030.44 lakhs in FY25, while total revenue (including other income) increased to ₹5,005.12 lakhs from ₹4,139.30 lakhs. Net profit for the year climbed to ₹1,012.97 lakhs from ₹704.44 lakhs in the previous year. The following table presents the key financial highlights for the year and the latest quarter:

Operational and Business Metrics

The company reported key operational metrics for March 2026, highlighting its market position. Total assets stood at ₹294.47 Cr, while the net worth was recorded at ₹103.96 Cr. The Gross Non-Performing Assets (GNPA) ratio was maintained at 1.01%. The capital adequacy ratio was reported at 40.08%. The loan portfolio diversified across segments, with Secured MSME Loans showing significant growth to ₹6,947.18 lakhs in FY26 from ₹2,969.20 lakhs in FY25.

Balance Sheet Highlights

The company's total assets grew to ₹29,446.90 lakhs as at March 31, 2026, from ₹22,259.52 lakhs as at March 31, 2025. Shareholders' funds increased to ₹10,385.10 lakhs from ₹7,351.51 lakhs, reflecting growth in both share capital and reserves. Key balance sheet figures are summarised below:

Dividend and Capital Market Developments

The Board of Directors recommended a final dividend of 5% on the face value of ₹10 each, amounting to ₹0.50 (Rupees Fifty Paise only) per equity share for the financial year ended March 31, 2026, subject to approval of shareholders at the ensuing Annual General Meeting. Earlier, the Board had also approved an interim dividend at the rate of 5% (₹0.50 per equity share on face value of ₹10 each) at its meeting held on November 11, 2025. The company has been paying dividend at the rate of 5% for the last consecutive six financial years. During the year, the company completed an Initial Public Offering (IPO) and allotted 42,76,000 equity shares of ₹10 each fully paid at an issue price of ₹60 per share, including a premium of ₹50 per share, vide the Board of Directors' meeting held on May 26, 2025.

Debentures and Large Corporate Status

The company's secured non-convertible debentures amounting to ₹6,100 lakhs as at March 31, 2026 are secured by an exclusive first charge on book debts, with a security cover of 100% or more of the outstanding amount at all times. During FY26, Dar Credit & Capital became the first company to successfully execute a private placement of Non-Convertible Debentures to 136 allottees through the Electronic Bidding Platform (EBP) on NSE and BSE. The company also confirmed that it does not qualify as a "Large Corporate" for the year ended March 31, 2026, as it does not meet the conditions related to outstanding long-term borrowings of ₹1,000 crores or above and the requisite credit rating, as specified under the relevant SEBI circular.