Sammaan Capital FY26 Loss Widens to ₹7,145 Cr
Sammaan Capital reported a consolidated net loss of ₹7,144.56 crore for FY26, widened by exceptional items of ₹6,499.17 crore. Q4 loss was ₹8,101.41 crore against a profit of ₹324.04 crore in the previous year. Revenue from operations declined to ₹8,166.16 crore.

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Sammaan Capital reported a consolidated net loss of ₹7,144.56 crore for the financial year ended March 31, 2026, widening from the net loss of ₹1,807.46 crore recorded in the previous year. For the fourth quarter ended March 31, 2026, the company posted a net loss of ₹8,101.41 crore, a significant reversal from the net profit of ₹324.04 crore in the corresponding quarter of the previous year. The company's revenue from operations for the year declined to ₹8,166.16 crore from ₹8,623.33 crore in FY25.
Financial Performance for FY26
The annual results reflect the impact of the strategic integration with International Holding Company (IHC), which became the promoter following the closure of a transaction on March 31, 2026. IHC's current equity ownership stands at 28.5%, set to increase to 43.5% upon warrant conversion. The company received ₹5,652 crore on the issuance of equity shares and a 25% upfront payment on warrants. The deterioration in profitability was driven by exceptional items amounting to ₹6,499.17 crore and a substantial increase in impairment on financial instruments, which stood at ₹3,627.94 crore for the year.
| Metric (₹ Cr) | FY26 | FY25 |
|---|---|---|
| Net Profit/Loss | (7,144.56) | (1,807.46) |
| Total Revenue from Operations | 8,166.16 | 8,623.33 |
| Finance Costs | 5,618.36 | 4,791.36 |
| Impairment on Financial Instruments | 3,627.94 | 5,068.50 |
Strategic Developments and Outlook
Following the investment, all three leading domestic credit rating agencies—CRISIL, CARE, and ICRA—upgraded the company's ratings to AA+ with a stable outlook. This upgrade is expected to reduce the cost of borrowings and support future growth. The company's net worth stood at ₹18,991.47 crore as of March 31, 2026, with a total AUM of ₹53,160 crore. Sammaan Capital has outlined a growth strategy leveraging IHC's technological and financial expertise, targeting a return to profitability with projected PAT of ₹1,400 crore by FY27.
Historical Stock Returns for Sammaan Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.57% | +1.71% | -8.24% | -11.13% | +12.27% | -17.68% |
How will IHC's planned increase in equity ownership to 43.5% upon warrant conversion influence Sammaan Capital's governance structure and strategic decision-making going forward?
Can the AA+ credit rating upgrade realistically translate into sufficient borrowing cost reductions to help Sammaan Capital achieve its projected PAT of ₹1,400 crore by FY27, given the current high finance costs?
What specific technological capabilities and expertise is IHC expected to bring to Sammaan Capital, and how might these differentiate the company in India's competitive housing finance market?


































