Mantra Capital Limited reported assets under management (AUM) of ₹123 crore for the quarter ended June 30, 2026, marking a significant rise from ₹110 crore in the preceding quarter ended March 31, 2026. The company, formerly known as Savani Financials Limited, crossed the milestone of 3,000 loans disbursed, reaching a total of 3,042 loans in Q1FY27. The business update was published on the company's website pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The unaudited financial results for the quarter ended June 30, 2026, were reviewed by the Audit Committee and approved by the Board of Directors. Mantra Capital reported a net loss of ₹395.70 lakh for the quarter, narrowing from a loss of ₹482.02 lakh in the March 2016 quarter. Total income rose to ₹588.29 lakh from ₹560.09 lakh in the previous quarter, while it increased significantly from ₹293.39 lakh in the year-ago period ended June 30, 2015. Earnings per share (EPS) for the quarter was reported at negative ₹1.20, compared to negative ₹1.45 in the previous quarter.

Operational Highlights

The company's operational expansion included a network of 20 branches and an employee base of 169. The branch network is distributed across Karnataka (7 branches), Telangana (5 branches), Andhra Pradesh (7 branches), and Delhi NCR (1 branch). Mantra Capital maintained a focus on a 100% secured loan portfolio, comprising Secured Business Loans and Secured Green Loans. The company raised funds via a preferential issue of ₹12.15 crore in April 2026.

Growth Metrics

The following table details the company's growth trajectory across key operational metrics:

*Data is as of the end of the mentioned period.

Regulatory Compliance

The extract of the unaudited financial results was filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditors carried out a limited review of the financials for the quarter ended June 30, 2026.

Mantra Capital received Board approval on July 17, 2026, to alter the objects clause of its Memorandum of Association to shift its business focus towards that of a Non-Banking Financial Company (NBFC). The amended clauses include provisions to finance electric vehicles, offer financial assistance to MSMEs, and carry on green finance activities. These changes are subject to shareholder approval at the ensuing 42nd Annual General Meeting.

The Board, in its meeting held on July 17, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The company reported a narrowed net loss of ₹395.70 lakh for Q1FY26, compared to a net loss of ₹483.02 lakh in the preceding quarter ended March 31, 2026. Total revenue for Q1FY26 increased to ₹588.19 lakh from ₹560.01 lakh in the prior quarter, primarily driven by interest income which rose to ₹539.37 lakh.

Financial Performance

Interest income constituted the major portion of the revenue, accounting for ₹539.37 lakh, while fees and commission income stood at ₹21.73 lakh. The company reported a profit before tax of ₹(388.34) lakh. Following a deferred tax adjustment of ₹7.36 lakh, the net loss for the period was finalized at ₹(395.70) lakh. The basic and diluted earnings per share for the quarter were reported at ₹(1.20) and ₹(1.19) respectively.

Corporate Actions and Approvals

During the quarter, the company undertook significant capital restructuring activities. The Board approved the allotment of 38,25,000 equity shares on a preferential allotment basis at an issue price of ₹20 per share. Additionally, 45,00,000 share warrants were issued to Deepa Tracy, Managing Director, at ₹20 per warrant. Conversely, the company forfeited 45,442 equity shares during the quarter, transferring the received amount of ₹6.36 lakhs to Capital Reserve.

Sweat Equity Allotment

In a move to incentivize leadership, the Board approved the allotment of 1,06,666 sweat equity shares to Jatinder Mohan Singh Shah, the Chief Executive Officer. The allotment is priced at a face value of ₹10 each and is issued for non-cash consideration. This issuance is based on the reorganization of the achievement of the prescribed performance milestone of Assets Under Management (AUM) of ₹100 Crores as on March 31, 2026.