Usha Financial Services Limited reported a 68.26% year-on-year increase in net profit to ₹2,246.02 lakh for the financial year ended March 31, 2026. The company, an RBI-registered NBFC, achieved this growth on the back of a 16.90% rise in total income, which stood at ₹7,130.74 lakh. The audited standalone financial results were approved by the board and subsequently published in newspapers on May 23, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the year ended March 31, 2026, the company recorded a total revenue from operations of ₹7,113.41 lakh and other income of ₹17.33 lakh. Total expenses for the year amounted to ₹4,076.48 lakh, leading to a profit before tax of ₹3,054.26 lakh, a surge of 72.88% YoY. After a tax expense of ₹808.24 lakh, the net profit settled at ₹2,246.02 lakh. In the fourth quarter ended March 31, 2026, Usha Financial Services posted a net profit of ₹655.16 lakh on a total income of ₹1,769.85 lakh, with revenue from operations reaching ₹1,763.77 lakh.

Operational Highlights

The company's gross non-performing assets (GNPA) improved to 5.32% from 6.05% in the previous year, while the Capital Adequacy Ratio (CRAR) increased by 3.53% to reach 53.67%. Net worth strengthened by 10.15% YoY to ₹22,967.58 lakh. Total Loans and Advances (AUM) stood at ₹39,608.45 lakh as of March 31, 2026. Total loan disbursements in FY26 reached ₹50,929.19 lakh, an increase of 7.55% from the previous year. The branch network expanded significantly from 1 to 15 branches, covering 30 states compared to 20 states previously.

Earnings Per Share

The basic and diluted earnings per share (EPS) for the financial year ended March 31, 2026, was reported at ₹5.17. For the quarter ended March 31, 2026, the basic and diluted EPS stood at ₹1.51.

Key Financial Metrics

Usha Financial Services Limited has announced the issuance of 700 secured, redeemable, non-convertible debentures (Series Q) aggregating to ₹7 crore. The debentures were issued via private placement with a face value of ₹1,00,000 each. The disclosure was made to the National Stock Exchange of India Limited on May 21, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Series Q debentures carry a fixed coupon rate of 12.00% per annum, which is payable monthly. The tenure of the instrument is set at 4 years. The debentures will be redeemed at par upon maturity. The securities are not proposed to be listed on any stock exchange.

Security Details

The debentures are secured by a first and exclusive charge on identified receivables. This charge is created by way of hypothecation in favour of the Debenture Trustee for the benefit of the debenture holders. The security covers the hypothecated assets as per the terms and conditions stipulated in the agreement.

Key Issue Particulars

There are no special rights, interests, or privileges attached to the instrument. The company confirmed that there is no delay in payment of interest or principal amount, nor are there any pending comments from regulatory authorities regarding the security or assets.