Finkurve Financial Services Limited has reported its audited financial results for the quarter and financial year ended March 31, 2026. The company posted a strong financial performance for the full year, with significant growth in net profit, revenue, and Assets Under Management (AUM).

Annual Financial Performance

For the financial year ended March 31, 2026, Finkurve Financial Services recorded a net profit of INR 2,603.41 lakh, an increase of 49.33% from INR 1,740.73 lakh in the previous year. Total income rose to INR 20,986.36 lakh, up from INR 14,105.90 lakh in FY25. The company's earnings per share (EPS) for the year improved to INR 1.89 for basic EPS, compared to INR 1.37 in the prior year. AUM grew by 149% on a year-on-year basis to INR 1,096.1 crore, including off-book AUM of INR 21.03 crore.

Quarterly Results

In the quarter ended March 31, 2026, the company reported a net profit of INR 804.09 lakh, a rise of 105.46% from INR 391.38 lakh in the corresponding quarter of the previous year. Total income for Q4 FY26 stood at INR 6,921.46 lakh, compared to INR 4,042.66 lakh in Q4 FY25. The following table summarises the key financial metrics for the quarter and year:

Operational Highlights

The company maintained a healthy asset quality, with a Gross NPA ratio of 0.13% and a Net NPA ratio of 0.09% as of March 31, 2026. The Capital to Risk-weighted Assets Ratio (CRAR) stood at 30.96%. The branch network increased from 73 to 105 branches during the year. Key developments in FY26 include raising funds amounting to INR 111.50 crore through a preferential issue, the listing of shares on the National Stock Exchange, and entering into a strategic co-lending partnership with Godrej Finance Limited.

Finkurve Financial Services has announced that its board of directors approved raising up to Rs 75 crores through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The approval was granted at the board meeting held on May 13, 2026, convened pursuant to Regulations 29(1)(d), 50(1)(d), and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 11:30 a.m. and concluded at 11:55 a.m.

Board Approves NCD Issuance

The approved NCDs are structured as Rated, Listed, Senior, Secured, Redeemable, and Transferable Non-Convertible Debentures, with both a face value and issue price of Rs 10,000 per debenture. The issuance is to be conducted through private placement via the Electronic Bidding Platform (EBP) under the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The board also approved the Draft Letter of Offer for the issuance. The key details of the approved NCD issuance are outlined below:

Issue Structure and Size

The total issue size of Rs 75 crores is structured with a base issue and a green shoe option, providing flexibility in the fundraising process. The breakdown of the issue size is as follows:

Coupon Rate, Tenure, and Repayment Terms

The NCDs carry a coupon rate of 11.33% per annum, with interest payable on a quarterly basis. The schedule of interest payments is set to commence from August 14, 2026, and will continue quarterly thereafter. The key tenure and repayment details are as follows:

Security and Charge Details

The debentures are secured by a first ranking, exclusive, and continuous charge on identified receivables by way of hypothecation in favour of the Debenture Trustee for the benefit of the Debenture Holders over the Hypothecated Assets. The terms and conditions governing security creation are stipulated under the 'Security Creation' section of the term sheet. In the event of a delay in payment of interest or principal for a period of more than three months from the due date, a penalty of 2% per annum over and above the coupon rate shall be applicable.

Regulatory Filing Details

The initial intimation of the board meeting was dated May 08, 2026, and was addressed to the Listing Department of BSE Limited and the Compliance Department of the National Stock Exchange of India Limited. The filing was signed and submitted by Kajal Parmar, Company Secretary and Compliance Officer of Finkurve Financial Services, holding Membership No. ACS65484.

Source: None/Company/INE734I01027/522189f7c94b409f.pdf