Finkurve Q2 profit rises 71% to ₹592 lakh, revenue up 51%
Finkurve Financial Services reported a 71% YoY rise in Q2 profit to ₹591.89 lakh, with revenue increasing 51% to ₹4,804.83 lakh. Interest income was the primary driver, reaching ₹3,402.50 lakh. The Board appointed Mr. Naveen Kottala as CEO effective November 18, 2025, and reconstituted key committees. GNPA stood at ₹748.94 lakh, and the company maintained adequate asset cover for its debentures.
*this image is generated using AI for illustrative purposes only.
Finkurve Financial Services reported a 71% year-on-year increase in profit after tax to ₹591.89 lakh for the quarter ended September 30, 2025, driven by a significant rise in interest income. Revenue from operations grew 51% to ₹4,804.83 lakh compared to ₹3,190.18 lakh in the corresponding period of the previous year. For the half year ended September 30, 2025, the company recorded a profit of ₹1,101.00 lakh on total revenue of ₹8,792.68 lakh.
Financial Performance
The surge in revenue was primarily led by interest income, which climbed to ₹3,402.50 lakh in Q2FY25 from ₹1,876.07 lakh in Q2FY24. Fees and commission income also increased to ₹1,388.78 lakh from ₹1,314.11 lakh. Total expenses for the quarter rose to ₹4,074.89 lakh, with finance costs increasing to ₹835.76 lakh and impairment on financial instruments standing at ₹526.57 lakh.
Key Financial Metrics (Q2FY25)
| Metric | Amount (₹ in Lakhs) |
|---|---|
| Total Revenue from Operations | 4,804.83 |
| Total Income | 4,814.11 |
| Total Expenses | 4,074.89 |
| Profit Before Tax | 739.22 |
| Profit for the Period | 591.89 |
| Basic EPS (INR) | 0.42 |
Asset Quality and Ratios
As of September 30, 2025, the Gross Non-Performing Asset (GNPA) stood at ₹748.94 lakh, while Net Non-Performing Asset (NNPA) was ₹588.96 lakh. The Capital to risk-weighted assets ratio (CRAR) was reported at 47.13%, with Tier I CRAR at 46.89% and Tier II CRAR at 0.24%. The Net Worth of the company was recorded at ₹32,856.79 lakh.
Governance and Appointments
The Board of Directors, at its meeting held on November 13, 2025, approved the unaudited financial results for the quarter and half year ended September 30, 2025. Additionally, the Board appointed Mr. Naveen Kottala as the Chief Executive Officer and Key Managerial Personnel, effective November 18, 2025. The Board also reconstituted the Asset-Liability Committee and Risk Management Committee, with Mr. Naveen Kottala serving as Chairman for both committees.
Fund Utilization and Security Cover
The company confirmed that there was no deviation or variation in the use of proceeds from the Preferential Issue of Equity Shares and Share Warrants, which raised ₹141.50 crore in May 2025. Funds utilized for onward lending and investment stood at ₹111.50 crore. Furthermore, the statutory auditors certified that the company maintained an asset cover of 110% of the outstanding principal amount of Secured Redeemable Non-Convertible Debentures amounting to ₹7,000.00 lakh as of September 30, 2025.
Historical Stock Returns for Finkurve Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.38% | -8.29% | +1.08% | -32.95% | -43.62% | -43.62% |
Can the 71% surge in profit after tax be sustained in the second half of the fiscal year given the rising finance costs?
How will the appointment of the new CEO, Mr. Naveen Kottala, influence the company's risk management strategy and asset quality?
With impairment on financial instruments at ₹526.57 lakh, what measures are being taken to manage the Gross Non-Performing Assets (GNPA)?
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