Laxmi India Finance Q1 Results: Net profit up 69% YoY to ₹16.57 crore
Laxmi India Finance Ltd posted a 69% YoY jump in Q1FY27 net profit to ₹16.57 crore, aided by 34% revenue growth and improved fee income. Asset quality remained stable with gross Stage-3 assets at 2.08%, and the company maintained a CRAR of 25.32%.
*this image is generated using AI for illustrative purposes only.
Laxmi India Finance reported a net profit of ₹16.57 crore for the quarter ended June 30, 2026, rising 69% year-on-year from ₹9.78 crore. The Jaipur-based non-banking financial company (NBFC) saw total revenue climb 34% to ₹93.50 crore, supported by growth in both interest income and fee-based earnings.
The Board of Directors approved the unaudited financial results on August 12, 2026, following a review by statutory auditors S.C. Bapna & Associates, who issued an unmodified opinion. The company also announced that its 29th Annual General Meeting will be held on September 16, 2026, via video conferencing.
Financial Performance
Interest income grew 27% YoY to ₹85.44 crore, while fees and commission income more than doubled to ₹5.67 crore from ₹2.58 crore in Q1FY26. Total expenses increased 26% to ₹72.01 crore, primarily due to higher finance costs and employee benefit expenses.
| Metric: | Q1FY27 (₹ cr): | Q1FY26 (₹ cr): | Change: |
|---|---|---|---|
| Total Revenue: | 93.50 | 69.68 | +34% |
| Interest Income: | 85.44 | 67.10 | +27% |
| Fees & Commission: | 5.67 | 2.58 | +119% |
| Total Expenses: | 72.01 | 57.32 | +26% |
| Net Profit: | 16.57 | 9.78 | +69% |
| EPS (Basic): | ₹3.17 | ₹2.34 | +35% |
Finance costs rose to ₹38.38 crore from ₹33.23 crore, reflecting an expansion in the lending book. Impairment charges on financial instruments increased to ₹3.69 crore from ₹1.71 crore, though this remained well within manageable levels relative to income.
What the Numbers Show
The divergence between revenue growth (34%) and expense growth (26%) indicates operating leverage, with profit before tax expanding 71% to ₹21.91 crore. Fee income’s contribution to total revenue improved to 6% from 4% year-ago, suggesting a gradual shift toward higher-margin, non-interest earnings alongside traditional lending activities.
Asset Quality & Capital Position
The NBFC maintained healthy asset quality metrics, with gross Stage-3 assets at 2.08% and net Stage-3 assets at 0.94% as of June 30, 2026. The capital adequacy ratio (CRAR) stood at 25.32%, significantly above regulatory requirements.
The debt-equity ratio was reported at 3.10, with net worth at ₹482.12 crore. The company confirmed compliance with all covenants related to its listed non-convertible debentures (NCDs), which had an outstanding value of ₹55.05 crore as of the quarter-end. An asset cover of 1.12x was maintained against these secured debt securities.
Corporate Actions
During the quarter, the company allotted 125,203 equity shares to employees upon exercise of stock options under its ESOP Scheme-2023, increasing paid-up capital to ₹26.20 crore. Additionally, new employee stock options were granted on May 12, 2026, under the existing scheme framework.
Historical Stock Returns for Laxmi India Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.46% | -0.14% | +25.20% | +25.26% | -9.23% | +1.28% |
How might the 119% surge in fee-based income influence Laxmi India Finance's long-term revenue mix and margin stability compared to interest-driven earnings?
Given the debt-equity ratio of 3.10, what is the company's strategy for balancing leverage with its strong 25.32% CRAR in a potentially rising interest rate environment?
Will the upcoming AGM on September 16, 2026, reveal any specific initiatives to address the increase in impairment charges from ₹1.71 crore to ₹3.69 crore?
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