Finbud Financial Services reported a 42% year-on-year increase in revenue to ₹317.9 crore for the financial year ended March 31, 2026 (FY26), while profit after tax (PAT) rose 39% to ₹11.6 crore. The company’s EBITDA stood at ₹19.9 crore, a 35% increase from the previous year. Management attributed the performance to robust growth across its agent and digital verticals, which facilitated over ₹10,250 crore of loans on the platform during the year.

Financial Performance for FY26

The company’s loan disbursement mix was 86% through the agent marketplace and 14% via the digital business. The agent vertical generated ₹273 crore in revenue, maintaining an EBITDA margin of approximately 4.5%. In contrast, the digital business reported revenue of ₹41 crore with a significantly higher EBITDA margin of 14%. Finbud currently serves over 5 crore customers and hosts more than 100 lenders on its platform.

Strategic Outlook and Expansion Plans

Management articulated a vision to scale the integrated business to over ₹1,000 crore in revenue by FY30. A key component of this strategy is the rebranding and separation of the digital business into a wholly-owned subsidiary named ZAP Private Limited. The company projects ZAP’s revenue will grow seven-fold to ₹300 crore by FY30, with EBITDA margins expanding to 25% from the current 14-15%. This growth is expected to be driven by increasing market share from 1% to 2.5%, improving wallet share, and introducing new categories such as gold loans and health and wellness products.

NBFC Operations and EQUALL

The company’s NBFC, branded as EQUALL, received Reserve Bank of India (RBI) approval for the appointment of its CEO, Ajay Vikram Singh, and has commenced lending operations. In the initial months of operation, the NBFC evaluated over 18,000 applications and disbursed approximately ₹9 crore, with an average ticket size of ₹1.5 lakh. The on-book assets under management (AUM) as of March 31, 2026, stood at ₹5.3 crore. Finbud targets an AUM of ₹2,500 crore for EQUALL by FY30, leveraging its proprietary data lake of 5 crore customers to pre-select risk and optimize returns.

Guidance for FY27

For the upcoming financial year FY27, Finbud provided guidance targeting revenue of ₹425 crore, representing growth of approximately 35%. The digital business is expected to lead this expansion, with revenue projected to reach ₹75 crore, while the agent business is anticipated to contribute ₹350 crore. The company forecasts EBITDA in the range of ₹28-30 crore and PAT between ₹18-20 crore for FY27.

Finbud Financial Services Limited has addressed recording delays in its Structured Digital Database (SDD) for the financial year ended March 31, 2026, confirming the capture of all five required Unpublished Price Sensitive Information (UPSI) events. The company submitted the compliance certificate to the National Stock Exchange of India Limited on May 30, 2026, following a review by M/s Anubhuti Akshay & Associates, Practising Company Secretaries. The certification confirms that the internal database is non-temperable, maintains an audit trail, and is capable of preserving records for eight years.

The compliance certificate, filed under Regulation 3(5) and 3(6) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, validated the existence of access controls and the comprehensive capture of UPSI nature, date, and time. However, the auditors reported that certain entries were not recorded within the mandated timelines during the period under review. This resulted in a temporary non-compliance with regulatory requirements regarding the immediate recording of sensitive information.

The company remedied the non-compliance by recording all pending entries in the SDD on May 30, 2026. M/s Anubhuti Akshay & Associates certified that, based on verification of records and information provided, all pending entries were duly recorded as of the certificate date. The firm further confirmed that the specific non-compliance regarding timelines had been fully rectified.

To prevent recurrence, Finbud Financial Services has undertaken corrective measures focused on strengthening internal controls and compliance monitoring processes. These steps are designed to ensure the timely recording of future SDD entries. The submission was signed by Vivekananda Bhandarkar, Company Secretary & Compliance Officer, and addressed to the Listing Compliance Department of the exchange.