Laxmi India Finance Limited has delivered robust financial performance for Q3FY26, reporting significant growth across key metrics. The company filed its comprehensive investor presentation under reference number LIFL/SLC/2025-26/49 on February 17, 2026, showcasing strong operational and financial achievements.

Financial Performance Highlights

The company demonstrated exceptional growth momentum with net profit surging 63.59% year-on-year to ₹10.06 crores in Q3FY26. Interest income grew by 24.32% to ₹71.99 crores, while net interest income expanded by 38.10% to ₹37.95 crores compared to the same quarter last year.

Operational Growth and Market Expansion

The company's Assets Under Management (AUM) crossed ₹1,450 crores, supported by a robust branch network of 170+ touchpoints across five states. The customer base expanded significantly, serving 40,800+ customers through diversified product offerings including secured MSME loans, vehicle financing, and business loans.

Strategic Focus and Technology Integration

Laxmi India Finance operates with over 110 technology tools including tablet-based Loan Origination System and Synofin LMS/LOS, enabling reduced turnaround times and enhanced customer experience. The company targets a Return on Assets of 3.50% to 3.75% and Return on Equity of 13.50% to 14.00% through operating leverage optimization.

Asset Quality and Risk Management

During the quarter, the company faced some challenges with a distribution associate partner encountering financial stress, resulting in Gross NPA increasing to 2.40% and Net NPA to 1.24%. The company maintains conservative credit practices with collateral-backed lending and prudent provisioning aligned with RBI ECL framework.

Leadership and Governance

The company operates under experienced leadership with the management team averaging over 10 years of NBFC experience. Key positions include Managing Director Mr. Deepak Baid, Chief Financial Officer Mr. Gopal Krishan Sain, and Chief Treasury Officer Mr. Piyush Somani, supported by a strong governance framework.

Laxmi India Finance Limited has delivered robust financial performance in Q3FY26, with the board of directors approving the unaudited financial results for the quarter and nine months ended December 31, 2025, during their meeting held on February 10, 2026.

Strong Financial Performance in Q3FY26

The company demonstrated impressive growth momentum with net profit surging 63.58% year-on-year to ₹1,006.22 lakhs in Q3FY26, compared to ₹615.10 lakhs in the corresponding quarter of the previous year. This strong performance was supported by robust revenue growth and improved operational efficiency.

Revenue Growth Driven by Core Business

Revenue from operations increased by 28.85% to ₹7,883.23 lakhs in Q3FY26, up from ₹6,118.77 lakhs in Q3FY24. The primary driver was interest income, which grew 24.32% to ₹7,198.63 lakhs, reflecting the company's expanding lending portfolio. Fees and commission income also contributed positively, reaching ₹395.21 lakhs compared to ₹321.54 lakhs in the previous year.

Nine-Month Performance Shows Consistent Growth

For the nine-month period ended December 31, 2025, the company maintained its growth trajectory with net profit of ₹2,924.13 lakhs compared to ₹2,143.42 lakhs in the corresponding period of FY24. Revenue from operations for the nine-month period reached ₹22,418.28 lakhs, up from ₹17,144.15 lakhs in the previous year.

Operational Efficiency and Cost Management

The company's total expenses for Q3FY26 stood at ₹6,639.60 lakhs, with finance costs of ₹3,403.48 lakhs and employee benefits expenses of ₹1,978.17 lakhs. The company maintained disciplined cost management while investing in business growth. Impairment on financial instruments was ₹718.43 lakhs for the quarter.

Key Financial Ratios and Metrics

Basic earnings per share remained steady at ₹1.90 for Q3FY26, with the nominal value of equity shares at ₹5.00. The company's debt-equity ratio stood at 2.69, while maintaining a strong capital adequacy ratio (CRAR) of 28.40%. Net profit margin for the nine-month period was 12.87%.

Senior Management Strengthening

The board approved the appointment of Mr. Vinod Maheshwari as Chief Technology Officer, effective February 10, 2026. Mr. Maheshwari, who was previously serving as Vice President – IT, brings over 15 years of experience in information technology and fintech transformation across NBFC and regulated financial environments.

IPO Proceeds Utilization

The company has substantially utilized its IPO proceeds raised in August 2025, with ₹16,412.11 lakhs out of ₹16,516.64 lakhs deployed as of December 31, 2025. The majority of funds were allocated toward meeting future capital requirements for onward lending.

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