Purple Finance reported a return to profitability in Q1FY27, posting a net profit of ₹38.43 lakh for the quarter ended June 30, 2026. This marks a significant turnaround from a net loss of ₹484.08 lakh in the corresponding period of the previous year. The company's total revenue from operations surged to ₹1,611.58 lakh from ₹617.96 lakh in Q1FY26, driven primarily by growth in interest income and net gains on fair value changes. The unaudited financial results were approved by the board and reviewed by statutory auditors Jogin Raval & Associates.

Financial Performance

Interest income for the quarter increased to ₹948.16 lakh from ₹529.04 lakh in Q1FY26. Net gains on fair value changes stood at ₹506.70 lakh, significantly higher than the ₹13.42 lakh recorded in the prior year quarter. Total expenses for the period amounted to ₹1,617.23 lakh, up from ₹1,264.85 lakh in the same quarter last year, primarily due to higher employee benefit expenses and finance costs. The company's Assets Under Management (AUM) stood at ₹27,806.17 lakh as of June 30, 2026.

The Gross Stage III assets on AUM were reported at 1.89%, while Net Stage III assets on AUM stood at 1.45% as of June 30, 2026. The debt-equity ratio for the quarter was 0.82x.

Strategic Acquisition

The board granted in-principle approval for the proposed acquisition of 100% of the equity share capital of Saksham Gram Credit Private Limited. The target entity, incorporated on December 24, 2019, provides Business Correspondent services to banks and NBFCs, facilitating microfinance and business loans. The acquisition is expected to expand Purple Finance's distribution network and enhance its presence in rural and semi-urban markets.

NCD Issuance

The Board of Directors approved the issuance of up to 20,000 Senior, Secured, Rated, Listed, Redeemable, Transferable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating up to ₹20 crore. The coupon rate is set at 11.90% per annum with monthly payments, and the tenure is 28 months and 8 days. The NCDs will be listed on the Wholesale Debt Market segment of BSE Limited and secured by a first ranking pari passu charge over book debts and loan receivables. The principal amount is repayable in seven installments with a final payment at maturity.

Purple Finance announced the voting results for its 32nd Annual General Meeting held on June 26, 2026, via video conferencing. All nine resolutions put to vote were passed with the requisite majority, including approvals for borrowing powers, the issuance of Non-Convertible Debentures (NCDs), and the re-appointment of key directors. The meeting was scrutinized by Abhilasha Chaudhary & Associates, Practicing Company Secretaries, who confirmed the fairness of the remote e-voting and e-voting processes.

Remote e-voting was conducted from June 22, 2026, to June 25, 2026, for members holding shares as of June 19, 2026. A total of 64 members, including 8 representing the management, attended the meeting through video conferencing. The consolidated scrutinizer report, submitted on June 30, 2026, detailed the voting patterns across promoter and public shareholder categories.

Key Resolutions Passed

Shareholders approved the adoption of audited Financial Statements for the financial year ended March 31, 2026. Mrs. Minal Amitabh Chaturvedi was re-appointed as a Director, while the Board approved the remuneration for Mr. Amitabh Chaturvedi, Executive Chairman and Executive Director, and an increase in remuneration for Mr. Sabyasachi Rath, Executive Director and Chief Executive Officer.

Governance and Compliance

The company confirmed that there were no qualifications, observations, or adverse remarks in the Statutory Auditors' Report. Observations made by the Secretarial Auditor were duly noted by the shareholders. CA Jogin Raval & Associates served as the Statutory Auditors. The facility for the appointment of a proxy was not applicable for the 32nd AGM as the meeting was conducted via video conferencing without physical presence.